CHINA RES MIXC (01209) saw its shares climb 3.94% during the morning trading session, currently trading at HK$43.76, with a turnover of HK$81.1269 million.
A CICC research report indicated an expectation for CHINA RES MIXC's full-year 2025 shopping center retail sales to grow by 20% to 25% year-on-year, with same-store sales increasing by 10% to 15%. The report suggested that the company's property and office building segments will remain stable. It is anticipated that the basic property management business will maintain growth supported by active external expansion, with the annual value of newly secured contracts remaining at approximately RMB 1 billion, consistent with the 2023-2024 levels. Meanwhile, the value-added services segment is facing some pressure due to the market environment, although this pressure is considered manageable.
UOB Kay Hian expressed a forecast that CHINA RES MIXC's core net profit for 2025 will increase by 12.2% year-on-year, with revenue expected to grow by 6.8%. Within this, revenue from the property management business is projected to grow by only 1.4%, hampered by a significant contraction in value-added service revenue. In contrast, driven by growth in shopping center revenue, the commercial operations business revenue for the year is estimated to increase by 16.8%.
