Jiayuan Services Holdings Ltd. Reports 23% Decline in Community Value-Added Services Revenue for H1 2025

Reuters
Sep 26
Jiayuan Services Holdings Ltd. Reports 23% Decline in Community Value-Added Services Revenue for H1 2025

Jiayuan Services Holdings Ltd. has reported its interim results for the six months ended 30 June 2025. The company's revenue from community value-added services decreased by approximately 23% to RMB26.4 million, compared to RMB34.2 million for the same period in 2024. The decline was primarily attributed to revenue from newly acquired projects being mainly recognized in the second quarter and a reduction in common area value-added services, including lower income from assisting property owners with the rental of common areas and advertising. The cost of services and sales for the period included employee benefit expenses, maintenance expenses, utility expenses, cleaning and security expenses, greening and gardening expenses, as well as taxes and surcharges. Looking ahead, Jiayuan Services Holdings Ltd. indicated that despite ongoing competitive pressures in the property industry, the market demonstrates trends of standardisation and diversification. The company plans to further refine and quantify internal service quality inspections, elevate standards for service assessments, focus on weak links in the service process, and strengthen control over service quality to enhance market competitiveness.

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