Beijing Jiaye (02210) announced its interim results for 2025, reporting revenue of approximately HK$1.045 billion, representing a year-on-year increase of 17.48%. The company's net profit attributable to equity shareholders was HK$22.624 million, down approximately 50% compared to the same period last year. Earnings per share stood at HK$0.15.
During the reporting period, the group's revenue from property management services reached approximately HK$745.6 million, up about 21.2% from the same period in 2024. This increase was primarily attributed to growth in the group's managed area and number of managed projects.
As of the end of the reporting period, the group's total managed project area was approximately 47.4 million square meters. Of this, managed area from projects of Beijing Urban Construction Group and its joint ventures or associates was approximately 22.5 million square meters, while managed area from third-party projects was approximately 24.9 million square meters. These figures represent a decrease of about 0.9% and an increase of about 19.8% respectively compared to the same period last year. The changes were mainly due to the group's proactive response to internal and external market environment changes, integration of market resources, and rational expansion of quality assets and core landmark projects.
The decline in profit was primarily attributed to increased investment in early-stage development and quality maintenance of property management projects to gain market share. Additionally, due to current market demand changes and industry cyclical adjustments, rental prices for container houses showed a significant downward trend. In accordance with relevant provisions of International Financial Reporting Standards issued by the International Accounting Standards Board, the group recognized impairment losses on its container house equipment holdings.
