Times Neighbor (09928) Reports Interim Results with Shareholders' Profit of RMB 63.838 Million, Up 56.7% YoY

Stock News
08/28

Times Neighbor (09928) announced its interim results for 2025, reporting revenue of RMB 1.216 billion, representing a year-on-year increase of 5.6%. Profit attributable to owners of the parent company reached RMB 63.838 million, surging 56.7% compared to the same period last year. Basic earnings per share stood at 6 cents.

Property management services continued to serve as the group's primary revenue driver. During the first half of 2025, the group's property management services revenue reached approximately RMB 964.3 million, accounting for about 79.3% of total group revenue. This growth was primarily driven by the group's proactive expansion into third-party markets, with property management area from third-party developers increasing 18.9% year-on-year, contributing an additional RMB 54 million to overall property management services revenue, representing a 5.9% increase.

Concurrently, the group actively developed its household living services business during the period. Community value-added services revenue achieved steady growth, increasing by RMB 15.9 million year-on-year, marking an 11.7% improvement.

The period's profit growth was mainly attributed to the combined impact of recognized put option fair value gains and the year-on-year increase in net impairment losses on financial assets and contract assets recorded during this period.

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