2025H1物业管理板块财报综述:物管行业增速放缓 优质物企提质增效

申万宏源研究
Sep 03, 2025

25H1 营收和业绩小幅增长、双双放缓,物企表现分化加剧。25H1,物业管理板块整体主营业务收入同比+4.8%,较上年同期-2.3pct,较24 年全年-0.4pct。其中,一线物企营业收入同比+7.1%,较上年同期-1.3pct;二线物管公司营业收入同比+0.6%,较上年同期-1.9pct。25H1,物业管理板块整体归母净利润同比+1.1%,较上年同期+12.9pct,较24 年全年-11pct...

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