Three consecutive years of large impairment provisions, Country Garden Services' net profit in 2025 decreases by nearly 70% year-on-year

WealthCoffee · 2026-03-30T08:49:26+00:00

Country Garden Services' 2025 financial report shows that revenue increased by 9.9% year-on-year to 48.35 billion yuan, but net profit plummeted by 66.7% to only 602 million yuan, mainly due to impairment provisions. The core net profit decline was smaller at 17.1%.

WealthCoffee

2026-03-30 08:49:26

Abstract generation in progress

【Caixin.com】 Revenue grew for three straight years, yet net profit saw a dramatic plunge, a sharp rebound, and then another sudden drop—this is the basic outline of Country Garden Services (06908.HK) financial reports in recent years. On March 27, Country Garden Services released its 2025 performance results: the company recorded full-year revenue of 48.35 billion yuan, up 9.9% year over year; but net profit attributable to shareholders fell 66.7% year over year, dropping to 602 million yuan.

The performance report shows that if impairment charges and amortization of intangible assets are excluded, the company’s core net profit attributable to shareholders decreased 17.1% year over year in 2025, to 2.519 billion yuan, with a much smaller decline than net profit. This means that impairment provisions are the key variable determining the company’s profit performance.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.