Fineland Living Services Group Limited reported QQ1 2025 revenue of approximately CNY 84.22 million, underscoring a year-over-year and quarter-over-quarter decline in top-line performance. The quarter produced a gross profit of CNY 16.72 million and a gross margin of 19.85%, but the company still posted an operating loss of CNY 4.41 million and a net loss of CNY 3.00 million, translating to an EPS of -0.0075. The negative profitability, despite a modest gross margin, reflects a cost structure dominated by SG&A and operating expenses within a low-revenue environment, alongside ongoing investment in service mix and digital capabilities. Sequentially, Q1 2025 revenue declined from Q4 2024’s CNY 91.51 million, suggesting continued sensitivity to China’s real estate cycle and macro headwinds in property transactions and developer activity. Management commentary, where available, emphasized cost-control initiatives and prioritization of high-margin service lines, but no explicit quantitative forward guidance was provided in QQ1 2025 communications. Investors should monitor (1) the pace of revenue stabilization or rebound in property management and agency activities, (2) the effectiveness of cost containment and mix shifts, and (3) liquidity and working-capital dynamics in a slowing market.