Ye Xing Group Holdings Limited (Ye Xing Group) released its audited results for the year ended 31 December 2025, reporting a modest top-line contraction yet a return to profitability.
Revenue fell 3.9 % year on year to RMB362.42 million, mainly due to softer demand for developer-related and value-added services. Property management services—Ye Xing Group’s core business—contributed 89.5 % of total revenue, rising 0.2 % to RMB324.29 million on the back of a 0.1 million sq.m. expansion in revenue-bearing GFA to 13.3 million sq.m.
Property developer-related services revenue dropped 30.9 % to RMB6.46 million, reflecting a sluggish mainland real-estate market. Value-added services declined 28.1 % to RMB31.68 million as residents’ discretionary spending weakened, curbing common-area leasing income and other ancillary activities.
Cost of services decreased 5.4 % to RMB279.91 million, outpacing the revenue decline and lifting gross profit 1.5 % to RMB82.51 million. Gross margin expanded 1.3 percentage points to 22.8 %, aided by tighter labour and outsourcing controls.
Administrative and selling expenses were cut by 12.2 % and 20.7 %, respectively, while impairment losses on related-party receivables narrowed sharply to RMB5.93 million from RMB38.64 million. As a result, the Group posted profit before tax of RMB16.02 million versus a RMB28.03 million loss in 2024. After a RMB4.93 million tax charge, net profit totaled RMB11.09 million, reversing the prior-year loss of RMB21.59 million. Basic earnings per share stood at RMB2.77 cents.
Total assets reached RMB448.93 million, with bank balances and cash increasing to RMB139.87 million. The Group remained debt-free and maintained a current ratio of 1.4. Contract liabilities, representing prepaid management fees, rose 5.9 % to RMB84.31 million.
No dividend was declared for 2025. Management targets “stable operations, superior services and expanded value-added offerings” in 2026, while continuing cost discipline and digital upgrades across its 13.3 million sq.m. portfolio.
The annual general meeting is scheduled for 30 June 2026.