CG Services (06098) is expected to achieve a total revenue of about 48.2 billion to 48.5 billion yuan in 2025, with a year-on-year growth of 9.6% to 10.2%.

CG SERVICES (06098) announced that it is expected to achieve a comprehensive income of approximately RMB 48.2 billion to 48.5 billion in 2025, an increase of 9.6% to 10.2% compared to the same period in 2024. This growth is mainly attributed to the group's effective market expansion and refined operations, with revenues from property management services, community value-added services, and the "three supplies and one industry" business experiencing steady growth in the current year. On the other hand, it is expected that the group will achieve (i) unaudited net profit of approximately RMB 450 million to 650 million in 2025 (2024: approximately RMB 1.8745 billion); (ii) unaudited attributable net profit to the company's shareholders of approximately RMB 500 million to 700 million in 2025 (2024: approximately RMB 1.8084 billion). The decrease is mainly due to (i) an increase in credit impairment losses on trade receivables resulting from the group proactively clearing aged trade receivables, and (ii) a decrease in fair value changes related to performance commitments from previous year's mergers and acquisitions. It is expected that the group will achieve unaudited core net profit attributable to the company's shareholders of approximately RMB 2.4 billion to 2.7 billion in 2025 (2024: approximately RMB 3.0381 billion). The decrease is primarily due to the reasons for the decrease in net profit mentioned above. The group focuses on improving customer satisfaction, enhancing project-level refined management and investment, digitally transforming its business to reduce costs and increase efficiency, while maintaining a stable core business performance. In the current year, the group's unaudited gross profit is approximately RMB 8.2 billion to 8.7 billion (2024: approximately RMB 8.4 billion). In the current year, the group's financial position is stable, with healthy cash flows from operating activities and ample liquidity reserves. Based on management accounts, it is estimated that the group's unaudited net cash flows from operating activities for the twelve months ending December 31, 2025 will not be less than approximately RMB 2.4 billion (2024: approximately RMB 3.873 billion); it is expected that as of December 31, 2025, the group's unaudited total bank deposits (cash and cash equivalents, fixed deposits, restricted bank deposits) and structured deposits will not be less than RMB 17.7 billion (at December 31, 2024: approximately RMB 18.1786 billion). To further protect the interests of the company's shareholders and demonstrate the company's long-term investment value, the board of directors expects to declare a cash dividend target for 2026 of not less than RMB 1.5 billion, subject to compliance with the company's dividend policy and obtaining relevant approvals.