C&D Property Management (02156) reported FY2025 revenue of RMB3.88 billion, a 17.8% year-on-year increase driven by expanded property management scale and stronger value-added services.

Gross profit rose 16.5% to RMB823.20 million; gross margin edged down 0.3 ppt to 21.2% as faster-growing lower-margin ancillary businesses diluted the overall mix.

Profit attributable to shareholders advanced 11.0% to RMB358.90 million, while basic EPS improved to RMB0.26 from RMB0.24.

Business mix • Property management services: RMB2.23 billion, +24.9%, accounting for 57.3% of total revenue as GFA under management climbed 21.4% to 91.7 million sq m. • Community value-added & synergy services: RMB937.25 million, +23.3%, supported by higher housekeeping orders and broader retail offerings. • Value-added services to non-property owners: RMB615.68 million, –8.2%, reflecting fewer pre-sales centre projects. • Commercial property operation: RMB102.26 million, +26.4%, as previously secured projects moved into operation.

Operating metrics • Contracted GFA reached 117.3 million sq m (+7.5%), spanning 66 cities. • Cash and cash equivalents stood at RMB3.41 billion; interest-bearing debt remained low at RMB9.0 million. • Net current assets totalled RMB1.91 billion; gearing ratio was 55.0%.

Dividend The board proposed a final dividend of HK$0.15 per share and, for the first time, a special dividend of HK$0.05, equivalent to a total payout of approximately RMB254.39 million, subject to shareholder approval at the 27 May 2026 AGM.

Outlook Management will target continued scale expansion, cost optimisation via AI-enabled operations, and deeper penetration of value-added services while preserving a solid cash position and low leverage profile.