Country Garden Services: Core business fundamentals remain stable, with ample cash on hand

On February 27, Country Garden Services Holdings Limited released its latest performance forecast for 2025. The announcement shows that the company expects to record approximately RMB 48.2 billion to RMB 48.5 billion in unaudited consolidated revenue in 2025, representing a year-over-year increase of 9.6% to 10.2%; gross profit is expected to be about RMB 8.2 billion to RMB 8.7 billion, roughly flat compared to the previous year. Despite the complex and volatile market environment, the company’s core business fundamentals remain stable, cash flow is healthy, demonstrating strong operational resilience.

Affected by factors such as a non-wholly owned subsidiary, Man Guo, recording a goodwill impairment of RMB 968.9 million (a non-cash item), and the company’s proactive cleanup of long-aged trade receivables, it is estimated that the unaudited net profit for 2025 will be approximately RMB 450 million to RMB 650 million. However, excluding the impairment of Man Guo, the core net profit attributable to the parent company still reaches about RMB 2.4 billion to RMB 2.7 billion. Market analysts believe that Country Garden Services’ net profit faces temporary pressure, which is a strategic “active shift,” trading short-term profit concessions for long-term value reconstruction, demonstrating mature corporate governance and strategic resilience.

In the context of widespread funding pressures in the property management industry, Country Garden Services’ cash flow performance is outstanding. The company preliminarily estimates that the net cash flow from operating activities in 2025 will not be less than approximately RMB 2.4 billion; unaudited bank deposits (including cash and cash equivalents, fixed deposits, restricted bank deposits) and structured deposits total no less than RMB 17.7 billion.

Related companies: Country Garden Services HK06098, Country Garden HK02007