Executive Summary
New Hope Service Holdings Limited posted robust year-over-year growth in QQ1 2025, with revenue of 369.91 million CNY, up 4.34% from QQ1 2024, and a solid gross margin of 31.6%. Operating income reached 76.13 million CNY and net income was 60.46 million CNY, translating to an EPS of 0.0743 CNY. Despite a modest sequential revenue decline of 4.14% versus Q4 2024 (seasonality and timing of project-based non-owner value-added services likely contributed to the pullback), the company delivered meaningful earnings leverage: EBITDA was 87.41 million CNY and EBITDAR margin stood at 23.63%. Net income margin registered at 16.34%, supported by disciplined cost control (SG&A of 39.00 million CNY and operating expenses of 40.71 million CNY) and a stable depreciation of 6.80 million CNY. The quarter reinforces a pattern of mid-teens net margins and double-digit EBITDA margins, underscoring the quality of New Hope’s property management and ancillary services platform amid a highly competitive Chinese Real Estate Services market.
Key Performance Indicators
Key Insights
Revenue for QQ1 2025: 369.909 million CNY; Cost of Revenue: 253.069 million CNY; Gross Profit: 116.840 million CNY; Gross Margin: 31.586% ; Operating Expenses: 40.7135 million CNY; Operating Income: 76.1265 million CNY; EBITDA: 87.413 million CNY; EBITDAR: 87.413 million CNY; Net Income: 60.4615 million CNY; Net Margin: 16.344% ; EPS: 0.0743 CNY; Weighted Average Shares: 814,131,825 (basic); YOY Revenue Growth: 4.34%; YOY Gross Profit Growth: 0.58%; YOY Operating Income Growth: 6.09%; YOY Net In...
Financial Highlights
Revenue for QQ1 2025: 369.909 million CNY; Cost of Revenue: 253.069 million CNY; Gross Profit: 116.840 million CNY; Gross Margin: 31.586% ; Operating Expenses: 40.7135 million CNY; Operating Income: 76.1265 million CNY; EBITDA: 87.413 million CNY; EBITDAR: 87.413 million CNY; Net Income: 60.4615 million CNY; Net Margin: 16.344% ; EPS: 0.0743 CNY; Weighted Average Shares: 814,131,825 (basic); YOY Revenue Growth: 4.34%; YOY Gross Profit Growth: 0.58%; YOY Operating Income Growth: 6.09%; YOY Net Income Growth: 2.36%; QoQ Revenue Change: -4.14%; QoQ Net Income Change: 11.30%; QoQ EPS Change: 11.39%.
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
369.91M |
4.34% |
-4.14% |
| Gross Profit |
116.84M |
0.58% |
7.34% |
| Operating Income |
76.13M |
6.09% |
3.20% |
| Net Income |
60.46M |
2.36% |
11.30% |
| EPS |
0.07 |
2.34% |
11.39% |
Management Commentary
No earnings call transcript data provided in the supplied materials. Consequently, there are no management quotes or theme-based highlights available to cite in this section. If transcript data becomes available, this section will group insights by themes (strategy, operations, market conditions) and accompany quotes with context and significance.
Forward Guidance
The QQ1 2025 results release does not include explicit numeric forward guidance. Given the company’s scale and service mix (property management and non-owner value-added services) in China’s Real Estate Services market, management commentary typically emphasizes steady demand for professional property services, potential expansion of community living services, and ongoing cost discipline. Investors should monitor: (i) Chinese property market policy and urbanization trends affecting new contract signings; (ii) the pace of new service-line adoption (lifestyle and community services) and cross-sell opportunities; (iii) margins and operating efficiency as project cycles and outsourcing contracts evolve; and (iv) any changes in working capital needs related to receivables timing and contract wins. Based on QQ1 2025 metrics, the company is positioned to sustain mid-to-high single-digit revenue growth and double-digit EBITDA margins if cost controls persist and project timing remains favorable.