SUNAC SERVICES (01516) announces annual performance, with shareholders' net profit reaching 203 million yuan, turning losses into gains year-on-year.

SUNAC SERVICES (01516) announced its performance for the year ending on December 31, 2025. The group achieved a revenue of 6.816 billion yuan, a decrease of 2.2% compared to the previous year. The net profit attributable to shareholders amounted to 203 million yuan, turning from a loss to a profit. The basic earnings per share were 0.07 yuan, and a final dividend of 0.01 yuan per share is proposed. The announcement stated that the decrease in revenue was mainly due to the sale of equity in subsidiary Changtai Service Group Limited (Changtai Service) by the group during the year, which resulted in Changtai Service not being included in the group's consolidated financial statements since August 2025. Excluding this impact, the group's revenue was approximately 6.487 billion yuan, a slight increase compared to the previous year. For the year ending on December 31, 2025, the group's revenue from property management and operational services was around 6.364 billion yuan, a decrease of approximately 15.7 million yuan (about 0.2%) compared to the previous year. This decrease was mainly due to Changtai Service not being included in the group's consolidated financial statements since August 2025. Excluding this impact, the revenue from property management and operational services for the year increased by approximately 1.22 billion yuan compared to the same period last year. In terms of project sources, revenue from properties developed by Sunac Group, its joint ventures, and associates was approximately 4.664 billion yuan, accounting for about 73.3% of the total, while revenue from properties developed by independent third-party property developers was around 1.7 billion yuan, accounting for about 26.7% of the total. In terms of project types, revenue from residential properties was approximately 5.224 billion yuan, accounting for about 82.1% of the total, while revenue from non-residential properties was around 1.14 billion yuan, accounting for about 17.9% of the total. For the year ending on December 31, 2025, the group's revenue from community life services was approximately 390 million yuan, a decrease of approximately 52.8 million yuan (about 11.9%) compared to the previous year. For the year ending on December 31, 2025, the group's revenue from non-owner value-added services was approximately 62.1 million yuan, a decrease of approximately 84.8 million yuan (about 57.7%) compared to the previous year. This was mainly due to a contraction in the real estate business volume, as well as the group's continued acceptance of this business based on market principles, leading to a continuous decrease in revenue for the year ending on December 31, 2025.