China Overseas Property Holdings Limited (2669) released an update on its FY2025 financial performance. According to the preliminary, unaudited data, overall revenue for FY2025 rose by about 5–7% compared to the restated figures for FY2024, largely meeting the company’s development targets. However, gross profit fell by approximately 3–4%, while profit attributable to ordinary equity holders declined by around 9–10% over the same period.

The announcement indicates that significant investments were made in transformation and restructuring initiatives, resulting in a longer payback period and lower gross profit margins. The segment focused on intelligent engineering projects under value-added services to non-residents reported a loss for the first time, while other engineering businesses saw gross margins under pressure from intense competition. In property management services, pricing reductions and contract withdrawals, combined with a slowdown in real estate contract conversions, also contributed to margin decline. On a positive note, the newly expanded city services arm achieved both revenue and profitability growth, offsetting some of the challenges in traditional segments.

Following the capital increase in China Construction Property Management Co., Ltd. (CCPM), the financial statements for FY2024 were restated using the merger accounting method. The restated unaudited figures for FY2024 included revenue of approximately RMB14,110 million, gross profit of RMB2,340 million, and profit attributable to ordinary equity holders of RMB1,510 million. The final audited results for FY2025 are expected to be published by the end of March 2026.