Runhua Living Service Group Holdings Limited (“Runhua Service”) released its audited results for the year ended 31 December 2025.

Revenue and Profitability • Revenue reached RMB 930.76 million, a 3.0% increase year-on-year. • Gross profit was broadly flat at RMB 127.64 million; the gross margin improved 0.5 percentage point to 13.7%. • Profit for the year rose 1.9% to RMB 46.32 million. Net margin remained steady at approximately 5.0%. • Basic earnings per share climbed 6.7% to RMB 0.16. • The Board did not recommend a final dividend (2024: Nil).

Segment Performance • Property management services contributed 94.0% of group revenue, expanding 3.9% to RMB 874.57 million. • Property engineering and landscape construction revenue slipped 2.4% to RMB 34.16 million. • Leasing income from investment properties fell 28.8% to RMB 14.91 million amid lower occupancy and rental rates. • Other services generated RMB 7.12 million, up 20.7%.

Cost Structure and Expenses • Cost of services grew 3.5% to RMB 803.12 million, broadly in line with top-line growth. • Administrative expenses increased 6.8% to RMB 78.42 million, reflecting higher depreciation charges. • Finance costs rose 4.6% to RMB 8.74 million due to additional borrowings. • Income tax expense declined 27.6% to RMB 9.33 million, reducing the effective tax rate to 16.8%.

Balance Sheet Highlights • Cash and cash equivalents stood at RMB 83.18 million (2024: RMB 166.83 million). • Interest-bearing borrowings totaled RMB 157.38 million, up from RMB 109.34 million a year earlier. • Net current assets amounted to RMB 144.90 million (2024: RMB 194.76 million). • Net assets increased 9.9% to RMB 388.28 million.

Capital Expenditure and Commitments • Capital expenditure during the year was RMB 9.60 million, mainly for property, equipment and IT projects. • The Group reported no outstanding capital commitments.

Use of IPO Proceeds • As at 31 December 2025, HK$64.50 million of the HK$89.90 million net IPO proceeds remained unutilised. • Unspent funds have been re-allocated toward technology upgrades, talent incentives, regional expansion and strategic investments, with full deployment targeted by end-2028.

Outlook Management intends to deepen its footprint in Shandong Province, pursue acquisitions, and expand value-added services while continuing to focus on non-residential projects such as hospitals and public facilities, according to the company’s management discussion and analysis.