Greentown Management Holdings Company Limited (Greentown Mgmt, 09979 HK) warned that net profit attributable to shareholders for the year ended 31 December 2025 is expected to fall by approximately 40 %–50 % from the RMB801.00 million recorded in 2024, implying a profit range of roughly RMB400.50 million–RMB480.60 million.

Management attributed the decline to intensified competition in China’s project-management market, softer revenue and inflexible personnel costs, which collectively compressed gross margins.

Despite profit pressure, key operating indicators remained resilient: • Newly contracted floor area reached 35.35 million sq m, generating an estimated RMB9.35 billion in future project-management fees. • Market share stayed above 20 % for the tenth consecutive year, while the repeat-mandate rate climbed to 26 %, up for a third straight year. • The group delivered 14.51 million sq m of projects, marking five consecutive years with deliveries exceeding 10 million sq m. • Client and buyer satisfaction remained at industry-leading levels, and operating cash flow continued to improve, underpinning a “healthy and robust” balance-sheet position.

Shareholder-return initiatives included the repurchase and cancellation of 10.00 million ordinary shares during 2025 and the declaration of the company’s first interim dividend of RMB0.076 per share.

The figures disclosed are based on unaudited management accounts and internal data; audited results are scheduled for release by end-March 2026. Investors are advised to exercise caution when dealing in the company’s securities.