1. China Stocks

  2. •

    Finance

  3. •

    Real estate development
First Service Holding Limited

First Service Holding Limited

HHKEX:2107
0.38
HKD
+0.01
(+2.70%)
273.47MMarket Cap
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.38
0.5
0.62
0.97
1.12
1.13
1.25
1.38
1.4
- -
Basic EPS, GAAP
0.04
0.05
0.08
0.12
0.04
0.04
0.06
-0.01
-0.05
- -
Free Cash Flow per Basic Share
0.05
0.03
0.05
0.1
-0.01
-0.02
0.09
0.01
- -
- -
Dividend per Share
- -
0.01
0.12
0.07
0.03
0.06
0.03
0.03
0.03
- -
Book Value per Share
0.24
0.32
0.24
0.65
0.64
0.63
0.68
0.51
0.44
0.44
Tangible Book Value per Share
0.24
0.31
0.23
0.65
0.42
0.41
0.46
0.32
0.33
0.33
Basic Weighted Avg Shares
1,000
1,000
1,000
798
996
989
971
960
957
1,088
Sales/Revenue/Turnover
379
496
625
775
1,120
1,122
1,211
1,327
1,341
- -
Operating Margin (%)
13.58
13.36
13.47
14.47
2.95
4.63
7.02
9.74
9.17
- -
Depreciation Expense
1
2
4
3
8
9
9
11
12
- -
Net Income, GAAP
40
51
77
93
35
41
57
-12
-52
- -
Effective Tax Rate (%)
25.7
26.66
21.54
18.14
14.46
19.64
20.83
- -
- -
- -
Profit Margin (%)
10.46
10.27
12.37
11.94
3.17
3.68
4.72
-0.91
-3.91
- -
Working Capital
190
220
227
623
428
403
417
305
318
318
LT Debt
- -
- -
- -
- -
- -
- -
- -
2
2
2
Total Equity
251
344
277
673
674
674
714
671
599
599
Return on Invested Capital (%)
- -
15.65
22.65
20.36
4.57
8.58
12.8
- -
- -
- -
Return on Capital (%)
- -
16.41
22.47
17.86
5.52
4.81
6.37
- -
- -
- -
Return on Common Equity (%)
- -
18.15
27.56
20.67
5.5
6.53
8.88
-1.89
-9.06
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
- -
- -
1
LT Borrowings
- -
- -
- -
LT Finance Leases
2
2
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,224
1,223
1,215
Market Capitalization
311
335
246

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
1,310
1,313
1,291
Cash, Cash Equivalents & STI
738
678
705
Accounts Receivable, Net
402
438
394
Inventories
2
1
1
Total Current Liabilities
1,004
1,015
972
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
1
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-2.16%
-10.85%
Free Cash Flow
- -
-118.6%
-102.88%
Net Income, GAAP
- -
41.21%
334.11%
Sales/Revenue/Turnover
- -
12.64%
1.07%
Total Cash Common Dividend
- -
-1.29%
6.02%

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
1,211
2024
- -
- -
1,327
2025
- -
- -
1,341

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.06
2024
- -
- -
-0.01
2025
- -
- -
-0.05

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.03
2024
- -
- -
0.03
2025
- -
- -
0.03

Company Description

Company Profile APIChatGPT
CEO
Pei Qing Liu
Full Time Employees
3,782
Sector
Finance
Industry
Real estate development
Address
Building 10, Wanguocheng MOMA Beijing BE China 100028
IPO Date
Oct 22, 2020
Website
firstservice.hk
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Business
First Service Holding Limited (2107.HK) provides property management services, green living solutions, and value-added services primarily in the People's Republic of China. The company operates through First Property Management and First Living segments, offering cleaning, security, gardening, repair and maintenance services to residential properties including apartments and villas as well as non-residential properties such as office buildings, schools, hospitals, parks, cultural and sports centres, shopping malls, logistics parks, and passenger terminals; green living solutions encompassing energy operation, green technology consulting, systems installation, and sales of AIRDINO air purification systems; and value-added services comprising parking space management, preliminary planning and design consultancy, sales assistance, property utilisation, home living including housekeeping and leasing, and communal area leasing to property developers, owners, and residents. Founded in 1999 and headquartered in Beijing, the company manages approximately 74.1 million square meters of gross floor area across 598 projects in 104 cities spanning 22 provinces, municipalities, and autonomous regions as of December 31, 2024, with 71.9% sourced from third parties. In 2024, it expanded its footprint by completing 100 third-party projects with RMB170 million in annual contract value, grew contracted gross floor area to 86.9 million square meters, increased non-residential management area by 25.1%, secured contracts for a public transportation hub and a large Shanghai commercial complex, enhanced its "Green Select" platform for community group purchases and services, and upgraded the "green housekeeper" intelligent platform while launching the "Green Service 3.0" initiative and new IP mascot "Little Green Guy."