MIDEA REAL EST released its interim results, with shareholders' attributable profit of 305 million yuan, a year-on-year decrease of 18.73%

According to the Zhitong Finance APP, MIDEA REAL EST (03990) announced its interim results for the six months ending June 30, 2025, with revenue from continuing operations of RMB 1.997 billion, an increase of 41.3% year-on-year; profit attributable to shareholders of RMB 305 million, a decrease of 18.73% year-on-year; basic earnings per share of RMB 0.21; and a proposed interim dividend of HKD 0.15 per share. The announcement stated that during the period, property management service revenue was RMB 930 million, up 8.7% from RMB 856 million in the same period of 2024, mainly due to business expansion and the rolling delivery of existing residential projects. As of the end of the reporting period, the contracted area for property management services was 96.06 million square meters, with a managed area of 79.46 million square meters. There are 64 managed industrial parks, with a managed area of 9.74 million square meters. Asset operations include commercial operations and industrial park leasing and sales, with 13 operating commercial entities and an operating area of over 700,000 square meters, of which 5 are self-owned commercial entities. The average occupancy rate of the operating commercial entities exceeds 90%. Three self-owned industrial parks complement the group's commercial format, creating a richer asset operation and management system. Real estate technology is a track cultivated by the group, focusing on building quality houses and providing green full-value chain business scenario services. Development services are a new business segment for the group following the completion of physical distribution and sale (restructuring) on October 22, 2024, mainly undertaking the full-chain development management of real estate development assets held by the controlling shareholder after restructuring, covering the entire process or phased development management services such as property design, development, planning and construction, and sales. There will also be qualitative expansion into third-party construction agency services