On August 25, JINMAO SERVICES released its interim results for 2025. During the reporting period, the company adhered to a dual-drive strategy of "operational efficiency enhancement and quality improvement," achieving revenue of 17.83 billion yuan, a year-on-year increase of 19.6%; gross profit of 4.02 billion yuan, up 9.6% year-on-year; and net profit of 1.84 billion yuan, up 1.9% year-on-year, demonstrating strong operational resilience and high-quality development momentum.

**Operational Efficiency Enhancement with Quality Growth and Structural Optimization**

In the first half of 2025, JINMAO SERVICES achieved further enhancement in profitability while maintaining continuous revenue scale expansion and steady performance growth. Basic property management business improved significantly, reaching 13.22 billion yuan, a year-on-year increase of 31.0%, showcasing the solid foundation of its core business. Non-cyclical business revenue reached 16.37 billion yuan, up 24.5% year-on-year, becoming a new growth engine.

The company maintained its strategy of urban deep cultivation and operational focus, with 85% of newly signed projects located in deeply cultivated cities. High-tier cities account for 92% of the managed area, with new contracted area from external expansion reaching 6.9 million square meters, significantly strengthening market-oriented expansion capabilities.

In value-added services, JINMAO SERVICES diversified its business around homeowner needs. Community value-added services created a model of "high-impact products + comprehensive promotion + C-end penetration" through "Yuelin Life," continuously optimizing indicators such as daily average sales and C-end repurchase rates, driving significant growth in related businesses. The "Space Resources" business explored existing resources around homeowner needs, with Yuelin Assets achieving 65 standardized stores, serving over 52,000 customers with a customer satisfaction rate of 97%. "Yuelin Meiju" demonstrated significant advantages in technology empowerment and professional development.

In cost control, the sales expense ratio decreased to 5.9%, down 1.0 percentage point year-on-year, with continued improvement in management efficiency. In proactive risk management, the company refined cash flow management and established dual mechanisms for quality project preservation and pricing, and proactive withdrawal from inefficient projects. Meanwhile, through refined receivables management, it strengthened the cash flow security foundation.

In organizational iteration and upgrade and value co-creation, JINMAO SERVICES actively promoted organizational streamlining and integration, tilting resources toward frontline operations to enable business empowerment. Additionally, through talent optimization measures such as the "Gold Point Plan," "Lingyun Plan," and "Xiangyang Student Training," the company strengthened empowerment and released incentive schemes including "Value-added Business Incentives" and "Market Expansion Incentives" to enhance organizational vitality and achieve value co-creation.

Furthermore, to reward shareholder confidence, JINMAO SERVICES announced an interim dividend of 15.3 HK cents per share, up 82% year-on-year, and plans to implement a 40% interim dividend and 30% third-anniversary special dividend, fully demonstrating the company's confidence in future development and emphasis on shareholder returns.

**Diversified Property Types Collaborative Development with Quality Services Winning Hearts**

As of June 30, 2025, JINMAO SERVICES had entered 70 cities in China, managing 623 projects with a stable growth in managed area to 108.53 million square meters, with third-party projects accounting for 52% of the managed area.

Among newly signed projects, the proportion of non-residential property types increased significantly, with public buildings, industrial parks, commercial and office buildings, and IFM working together, demonstrating strong comprehensive service capabilities.

Under the "Service Upgrade" strategy, JINMAO SERVICES continued to increase quality investment. With the "MOCO Service System 2.0" as the core concept, the company promoted the implementation of the "Jinyu Mantang" product service system, delivering service aesthetics through four major service matrices: "Jinfu Nine Courtesies, Puyi Five Beauties, Xunman Four Seasons, and Zhitang Three Colors," achieving precise service matching and value enhancement.

JINMAO SERVICES not only focused on building basic service quality and strengthening quality assurance but also emphasized customer experience improvement. In the first half of the year, JINMAO SERVICES conducted over 800 community cultural activities, with third-party research showing existing homeowner satisfaction reaching the 90th percentile.

In energy operation business integration and technology empowerment, JINMAO SERVICES actively responded to the "dual carbon" strategy and policy guidance for "good houses" and "good services." In the first half of 2025, JINMAO SERVICES completed the acquisition of Jinmao Green Building Technology (Chongqing) Co., Ltd., achieving integrated operation of property services and energy operation. This move not only improved project operational efficiency and customer experience but also strengthened the company's differentiated competitiveness in technology residential and low-carbon operation fields, helping JINMAO SERVICES form a "technology + service" dual-drive development model.

JINMAO SERVICES also actively promoted AI and robot applications, implementing cleaning robots, document delivery robots, and AI quality inspection systems in IFM projects, achieving dual objectives of operational efficiency improvement and quality enhancement.

**Outstanding ESG Performance with Sustainable Development Receiving Authoritative Recognition**

In 2025, JINMAO SERVICES' Wind ESG rating jumped from BBB to AA, with its ranking in the real estate industry improving from 128th to 9th, entering the industry-leading tier.

The company adhered to building service concepts with an ESG governance framework, conducting 28 important ESG topics, achieving 100% compliant disposal of hazardous waste, implementing 102 energy-saving renovation projects, 100% training coverage for full-time employees, and hosting over 330 occupational health promotion activities. JINMAO SERVICES deeply integrated green and low-carbon concepts into the entire operational process.

With outstanding performance in the ESG field, JINMAO SERVICES won multiple authoritative awards including "2024 China Property Management Listed Company Leading Enterprise - ESG Sustainable Development TOP10," "2024 China Property Social Responsibility Contribution Leading Enterprise," "2024 China Property Low-Carbon Operation Leading Enterprise," and "2024 China Property Service Satisfaction Leading Enterprise."

In the future, JINMAO SERVICES will continue to adhere to three major objectives: "customer satisfaction, financial health, and sustainable growth," promoting deepening operational governance and digital transformation, strengthening energy operation and technology service capabilities, continuously optimizing the "Jinyu Mantang" service system, and enhancing full-cycle service value. Meanwhile, it will continue to advance ESG governance and disclosure work, actively respond to the "dual carbon" strategy, and lay a solid foundation for achieving high-quality development and sustainable development goals.