
SHIMAO SERVICES released its annual performance report, with a gross profit of 1.564 billion yuan and a new annualized contract amount of 1.483 billion yuan, an increase of 28.2% year-on-year

SHIMAO SERVICES released its annual performance for the year ending December 31, 2024, with revenue of 7.896 billion yuan and a gross profit of 1.564 billion yuan. The newly added annualized contract amount reached 1.483 billion yuan, an increase of 28.2% year-on-year. Revenue from property management services amounted to 5.564 billion yuan, a year-on-year increase of 5.1%. Despite economic pressures and a downturn in the real estate industry, SHIMAO SERVICES achieved remarkable results through its excellent operational management capabilities. Residential projects accounted for 63.9%, while high-tier city projects made up 74.4%
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