First Service Holding Posts Wider 2025 Loss on Higher Impairments Despite Flat Revenue

First Service Holding Limited ( (HK:2107) ) just unveiled an update.

First Service Holding Limited reported revenue of RMB1.34 billion for 2025, a modest 1.1% increase from 2024, driven by its mix of property management, value-added services and green living solutions. However, gross profit declined 6.6% to RMB289.2 million, and overall gross margin fell to 21.6%, reflecting pressure on profitability across its service lines.

The group’s loss widened sharply to RMB39.9 million from RMB6.3 million a year earlier, despite core operating profit remaining positive at RMB112.8 million versus RMB141.9 million in 2024. Higher impairment charges on trade receivables, contract assets and goodwill weighed heavily on results, signalling asset-quality challenges and a more difficult operating environment for the company and its stakeholders.

The most recent analyst rating on (HK:2107) stock is a Hold with a HK$0.21 price target. To see the full list of analyst forecasts on First Service Holding Limited stock, see the HK:2107 Stock Forecast page.

More about First Service Holding Limited

First Service Holding Limited is a Cayman Islands-incorporated company listed in Hong Kong, operating in the property services sector. The group generates revenue from property management services, value-added services and green living solutions, with differing margin profiles across these segments, and is focused on the mainland China market.

Average Trading Volume: 345,509

Technical Sentiment Signal: Sell

Current Market Cap: HK$249.7M

For a thorough assessment of 2107 stock, go to TipRanks’ Stock Analysis page.