Executive Summary
XXian Kingfar Property Services reported a strong top-line improvement in QQ2 2025, with revenue of CNY 471.473 million, up 93.15% year over year (YoY). Gross profit reached CNY 79.302 million, yielding a gross margin of 16.82%, while EBITDA stood at CNY 50.031 million and operating income at CNY 43.921 million, translating to an EBITDA margin of 10.61% and an operating margin of 9.32%. Net income was CNY 30.855 million, delivering a net margin of 6.54% and earnings per share (EPS) of CNY 0.46. These results reflect meaningful growth in activity within the company’s city residential property management, municipal management, and commercial property management lines, aligned with its positioning in China’s real estate development services sector.
Key Performance Indicators
Key Insights
Revenue: CNY 471.473m (YoY +93.15%, QoQ +0.00%); Gross Profit: CNY 79.302m (Gross Margin 16.82%); Operating Income: CNY 43.921m (Operating Margin 9.32%); EBITDA: CNY 50.031m (EBITDA Margin 10.61%); Net Income: CNY 30.855m (Net Margin 6.54%); EPS: CNY 0.46; Weighted Avg Shares: 66.6668m; Cash & Equivalents: CNY 360.631m; Total Assets: CNY 818.499m; Total Liabilities: CNY 524.311m; Total Equity: CNY 286.867m; Net Debt: -CNY 359.998m (net cash position); Current Ratio: 1.345; Quick Ratio: 1.345...
Financial Highlights
Revenue: CNY 471.473m (YoY +93.15%, QoQ +0.00%); Gross Profit: CNY 79.302m (Gross Margin 16.82%); Operating Income: CNY 43.921m (Operating Margin 9.32%); EBITDA: CNY 50.031m (EBITDA Margin 10.61%); Net Income: CNY 30.855m (Net Margin 6.54%); EPS: CNY 0.46; Weighted Avg Shares: 66.6668m; Cash & Equivalents: CNY 360.631m; Total Assets: CNY 818.499m; Total Liabilities: CNY 524.311m; Total Equity: CNY 286.867m; Net Debt: -CNY 359.998m (net cash position); Current Ratio: 1.345; Quick Ratio: 1.345; Free Cash Flow: -CNY 31.272m; Operating Cash Flow: -CNY 26.874m; Capex: -CNY 4.398m.
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
471.47M |
93.15% |
0.00% |
| Gross Profit |
79.30M |
115.57% |
0.00% |
| Operating Income |
43.92M |
143.79% |
0.00% |
| Net Income |
30.86M |
110.20% |
0.00% |
| EPS |
0.46 |
109.09% |
0.00% |
Key Financial Ratios
operatingProfitMargin
9.32%
operatingCashFlowPerShare
$-0.81
freeCashFlowPerShare
$-0.94
Management Commentary
Note: No earnings call transcript was provided in the dataset; no management quotes are available. If/when transcript material is provided, potential themes would cover strategy execution (growth in municipal and city-property management segments), operating discipline, and market conditions in China’s real estate services landscape.
Forward Guidance
There is no explicit forward guidance disclosed in the QQ2 2025 data. Management commentary (if available) would typically address near-term execution in city and municipal property management, pipeline of contracts, and operating efficiency. In the absence of formal guidance, the outlook hinges on: (1) sustained demand for property management services in tier-1 and tier-2 Chinese cities; (2) ability to convert earnings growth into cash flow through working capital optimization; (3) regulatory and property market dynamics in China. Investors should monitor any updates on government-driven municipal projects, contract wins, and changes in regulatory environment that could affect revenue visibility and profitability.