Sunac Services Holdings Ltd. saw its stock price plummet 14.66% during intraday trading on Thursday, following the release of its full-year 2025 financial results.

The property management firm reported a 2.2% decline in annual revenue to RMB 6.8 billion, attributed to the disposal of Zhangtai Services, which was excluded from consolidation after August 2025. While the company swung to a profit attributable to owners of RMB 203 million from a loss of RMB 451 million the previous year, investors reacted negatively to a 3.5 percentage point contraction in gross profit margin to 18.4%.

Management cited deferred revenue recognition for some third-party customers with high collection risk as a key factor pressuring margins. The company also announced a final ordinary dividend of RMB 0.01 per share, payable in June 2026.