Proactively eliminate excess moisture, outstanding corporate services aim for a net profit attributable to parent company of 103 million yuan in 2025.

On the morning of March 28, the Excellent Business Services Group released its 2025 performance report. The data shows that in 2025, Excellent Business Services’ revenue was approximately 4.02 billion yuan, a year-on-year decrease of 4.1%. Excluding non-operating factors, Excellent Business Services’ revenue was about 4.12 billion yuan, a year-on-year increase of 8.6%. After making adequate provisions for impairment and actively releasing risks, the net profit attributable to the parent company was 103 million yuan, a year-on-year decrease of 67%.

The head of the financial management center at Excellent Business Services, Xia Shigang, stated at the performance meeting: “The decline in profit is a process of actively squeezing out excess and solidifying the foundation. The impact of impairment provisions will indeed put short-term pressure on the financial statements, but after a deep market adjustment, we can proceed with a lighter load and achieve more sustainable and healthy performance.”

As of the end of 2025, Excellent Business Services had a total provision for accounts receivable of 450 million yuan, with a provision rate of 22.3%. Xia Shigang further explained: “With the deep adjustment of the real estate cycle and the industry’s cautious attitude towards accounts receivable provisions in recent years, we have increased the provision ratio based on prudent principles, which aligns with the basic judgment of risk control in the entire property industry at this stage. Although this has affected short-term profits, the risk exposure is gradually shrinking, and cash flow has returned to a positive state.”

While solidifying the financial foundation, the company’s business independence continues to strengthen. In 2025, the proportion of related party transaction revenue for Excellent Business Services decreased from 9.9% last year to 7.6%; in selecting related business, the company reassessed project collection capabilities, focusing on high-quality projects with collectability in the Shenzhen area, and actively terminated services for businesses with low collection expectations.

As of the end of 2025, Excellent Business Services managed a total property area of 78.27 million square meters, a year-on-year increase of 8.4%, with third-party managed area accounting for 63.6%, and the area managed in first-tier and new first-tier cities accounting for 76.5%. In 2025, Excellent Business Services’ self-developed basic property revenue from third parties reached 1.98 billion yuan, a year-on-year increase of 17.1%, maintaining double-digit growth continuously.

Yang Zhihong, the CEO and executive director of Excellent Business Services, stated at the performance meeting that looking forward to 2026, the core logic of the company’s strategic direction focuses on organizational foundation, business growth, and value creation. Internally, six key special projects will be promoted, primarily revolving around collection, organizational change, cost reduction, digital revenue, and supply chain integration.

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Editor: Wei Zirong