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[Brokerage Focus] CITIC SEC expects that the Property Service industry will encounter three major opportunities in 2025.
Jinguo Financial News | CITIC SEC believes that the Property Service Industry will迎来three major opportunities in 2025. First, the price mechanism is gradually being rationalized, pushing for a policy turning point that promotes quality services at competitive prices. It is expected that the current difficulties in collections may ease, and companies providing good services for quality properties will be more encouraged by policies; secondly, a turning point in enterprise operation quality. The bank expects that by 2025, the performance contribution of cyclical businesses (serving developers) to the Sector will drop to nearly zero, with the accrual of goodwill and receivables impairment peaking, leading to an expected performance growth rate of 9.7% in the Sector, with sustainable profitability expected to improve significantly; finally, companies will continue to increase Cash.
CITIC SEC: Quality and price matching may become a direction encouraged by policy. The property Sector has significant upward elasticity in the future.
The bank suggests that investors pay attention to the policy turning point in the Property Service Sector.
JINKE SERVICES (09666.HK) suspended trading briefly this morning.
Gelonghui, March 28th丨JINKE SERVICES (09666.HK) announced that its Listed in Hong Kong shares will be briefly suspended from trading starting from 9 AM today (28/3/2025).
Express News | Jinke Smart Services - Trading in H Shares of Co to Be Halted From 28 March Pending Release of Announcement on Inside Information
JINKE SERVICES (09666.HK) announced its annual performance: revenue reached 4.585 billion yuan, with abundant Cash / Money Market on hand, continuously deepening regional efforts and focusing on urban areas.
On March 26, Gelonghui reported that JINKE SERVICES (09666.HK) announced its annual performance, with the group's total revenue approximately 4.585 billion yuan. Revenue from Residence services, corporate services, and Other services accounted for approximately 72.9%, 21.9%, and 5.2% of total revenue, respectively. As of December 31, 2024, the group has completed its Global Strategy deployment in 26 provinces and cities, spanning 163 cities. The company manages a total of 757 Residence projects, with a total managed building area of approximately 0.207 billion square meters. The company's managed building area in the southwestern core region has reached 0.116 billion square meters, accounting for total managed Residence.
Express News | Jinke Smart Services Group FY Revenue RMB 4,585.4 Million
