Announcement • Aug 11
Greentown Service Group Co. Ltd. to Report First Half, 2026 Results on Aug 21, 2026 Greentown Service Group Co. Ltd. announced that they will report first half, 2026 results on Aug 21, 2026 Upcoming Dividend • Jun 16
Upcoming dividend of HK$0.24 per share Eligible shareholders must have bought the stock before 23 June 2026. Payment date: 09 July 2026. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 5.1%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.1%). Board Change • May 21
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Shenghua Jia was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 22
Greentown Service Group Co. Ltd. announces Annual dividend, payable on July 09, 2026 Greentown Service Group Co. Ltd. announced Annual dividend of HKD 0.1600 per share payable on July 09, 2026, ex-date on June 23, 2026 and record date on June 24, 2026. Announcement • Mar 20
Greentown Service Group Co. Ltd., Annual General Meeting, Jun 18, 2026 Greentown Service Group Co. Ltd., Annual General Meeting, Jun 18, 2026. Announcement • Mar 10
Greentown Service Group Co. Ltd. to Report Fiscal Year 2025 Results on Mar 20, 2026 Greentown Service Group Co. Ltd. announced that they will report fiscal year 2025 results on Mar 20, 2026 Announcement • Aug 22
Greentown Service Group Co. Ltd. Announces Change of Company Secretary, Effective from 22 August 2025 Greentown Service Group Co. Ltd. Board announced that Ms. NG Sau Mei (Ms. Ng) has tendered her resignation as the company secretary of the Company (the Company Secretary) and the authorised representative for acceptance of the service of process and notices on behalf of the Company in Hong Kong under Part 16 of the Companies Ordinance (Chapter 622 of the
Laws of Hong Kong) (the Process Agent) due to other work arrangements with effect from 22 August 2025. Ms. Ng has confirmed that she has no disagreement with the Board and there are no other matters relating to her resignation that need to be brought to the attention of the Stock Exchange and the Shareholders. The Board announced that Ms. TSUI Ka Yan (Ms. Tsui) has been appointed as the Company Secretary and the Process Agent in replacement of Ms. Ng, with effect from 22 August 2025. Ms. Tsui is an assistant manager of the Listing Services Department of TMF Hong Kong Limited and is responsible for provision of corporate secretarial and compliance services to listed company clients. She has over eight years of experience in the company secretarial field. She obtained a bachelor's degree of business administration in accountancy from City University of Hong Kong in July 2017. She is an associate member of both The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in the United Kingdom. Announcement • Aug 12
Greentown Service Group Co. Ltd. to Report First Half, 2025 Results on Aug 22, 2025 Greentown Service Group Co. Ltd. announced that they will report first half, 2025 results on Aug 22, 2025 Announcement • Mar 23
Greentown Service Group Co. Ltd. Proposes Final Ordinary Dividend for the Year Ended 31 December 2024, Payable on 09 July 2025 Greentown Service Group Co. Ltd. proposed final ordinary dividend of HKD 0.13 per share for the year ended 31 December 2024. Date of shareholders' approval is 20 June 2025; Ex-dividend date is 24 June 2025; Record date is 27 June 2025; Payment date is 09 July 2025. Announcement • Mar 22
Greentown Service Group Co. Ltd. Proposes Special Dividend for the Year Ended 31 December 2024, Payable on 09 July 2025 Greentown Service Group Co. Ltd. proposed special dividend of HKD 0.07 per share for the year ended 31 December 2024. Date of shareholders' approval is 20 June 2025; Ex-dividend date is 24 June 2025; Record date is 27 June 2025; Payment date is 09 July 2025. Announcement • Mar 21
Greentown Service Group Co. Ltd., Annual General Meeting, Jun 20, 2025 Greentown Service Group Co. Ltd., Annual General Meeting, Jun 20, 2025. Announcement • Mar 10
Greentown Service Group Co. Ltd. to Report Fiscal Year 2024 Results on Mar 21, 2025 Greentown Service Group Co. Ltd. announced that they will report fiscal year 2024 results on Mar 21, 2025 Announcement • Dec 17
Charles Peter Assaf acquired an additional 11.64% stake in Montessori Academy Group Holdings Pty. Ltd. from Greentown Service Group Co. Ltd. (SEHK:2869) for AUD 16.2 million. Charles Peter Assaf agreed to acquire an additional 11.64% stake in Montessori Academy Group Holdings Pty. Ltd. from Greentown Service Group Co. Ltd. (SEHK:2869) for AUD 16.2 million on November 8, 2024. As of June 30, 2024, Montessori Academy Group Holdings Pty. Ltd. reported total common equity of AUD 13.02 million. The transaction is subject to approval of offer by target shareholders.
As at the date of this announcement Montessori Academy Group Holdings Pty. Ltd. is held as to approximately 53.90% by Greentown Service Group Co. Ltd., approximately 3.75% by the management shareholder, approximately 21.92% by the Charles Peter Assaf, and approximately 20.43% by CCA Investment Group Pty. Limited.
Charles Peter Assaf completed the acquisition of an additional 11.64% stake in Montessori Academy Group Holdings Pty. Ltd. from Greentown Service Group Co. Ltd. (SEHK:2869) on December 16, 2024. All the conditions have been fulfilled. New Risk • Nov 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Sep 27
First half 2024 earnings released: EPS: CN¥0.16 (vs CN¥0.13 in 1H 2023) First half 2024 results: EPS: CN¥0.16 (up from CN¥0.13 in 1H 2023). Revenue: CN¥9.07b (up 11% from 1H 2023). Net income: CN¥504.7m (up 22% from 1H 2023). Profit margin: 5.6% (up from 5.1% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 15% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Announcement • Aug 29
Greentown Service Group Co. Ltd. Receives Judgment from the Shanghai High People's Court in Relation to Settlement of Legal Proceedings On 21 August 2023, Greentown Service Group Co. Ltd. received a judgment from the Shanghai High People's Court in relation to the Legal Proceedings, the case no. being, which stated that the appeal filed by the Group was dismissed and the First Instance Judgment shall be upheld. In light of the aforesaid, the Plaintiff is entitled to demand Greentown Consulting, as a joint and several obligor to fulfill the payment obligation of the sums payable (the "Judgment Sum") under the First Instance Judgment. Please refer to the announcement of the Company dated 21 March 2023 for calculation of the Judgement Sum. After negotiations between Greentown Consulting and the Plaintiff, Greentown Consulting and the Plaintiff have entered into a settlement agreement (the "Settlement Agreement") for the settlement of the Legal Proceedings, and Greentown Consulting has paid a settlement fee in an amount of not more than the Judgment Sum (the "Settlement Fee") on the date of this announcement for full and final settlement of the Legal Proceedings and all related matters. Regarding the Settlement Fee paid by Greentown Consulting, the Group will vigorously pursue the recovery of the same from the First Defendant, however, taking into account the First Defendant's existing capability to discharge its obligations, such recovery may not be realized. The Company has already made sufficient provisions in relation to the Legal Proceedings for the year ended 31 December 2023, details of which are set out in the 2023 annual report of the Company and the Company believes that the payment of the Settlement Fee will not have any material adverse impact on the Group and the business and operations of the Group remain normal. Reported Earnings • Aug 26
First half 2024 earnings released: EPS: CN¥0.16 (vs CN¥0.13 in 1H 2023) First half 2024 results: EPS: CN¥0.16 (up from CN¥0.13 in 1H 2023). Revenue: CN¥9.07b (up 11% from 1H 2023). Net income: CN¥504.7m (up 22% from 1H 2023). Profit margin: 5.6% (up from 5.1% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 16% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings. Announcement • Aug 12
Greentown Service Group Co. Ltd. to Report First Half, 2024 Results on Aug 23, 2024 Greentown Service Group Co. Ltd. announced that they will report first half, 2024 results on Aug 23, 2024 Upcoming Dividend • Jun 18
Upcoming dividend of HK$0.15 per share Eligible shareholders must have bought the stock before 25 June 2024. Payment date: 11 July 2024. Payout ratio is a comfortable 72% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.1%). Reported Earnings • Apr 28
Full year 2023 earnings released: EPS: CN¥0.19 (vs CN¥0.17 in FY 2022) Full year 2023 results: EPS: CN¥0.19 (up from CN¥0.17 in FY 2022). Revenue: CN¥17.4b (up 17% from FY 2022). Net income: CN¥605.4m (up 11% from FY 2022). Profit margin: 3.5% (down from 3.7% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 15% decline forecast for the Real Estate industry in Germany. New Risk • Mar 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (18% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Declared Dividend • Mar 28
Dividend of HK$0.15 announced Shareholders will receive a dividend of HK$0.15. Ex-date: 25th June 2024 Payment date: 11th July 2024 Dividend yield will be 49%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by both earnings (72% earnings payout ratio) and cash flows (47% cash payout ratio). The dividend has increased by an average of 22% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 52% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 27
Greentown Service Group Co. Ltd., Annual General Meeting, Jun 21, 2024 Greentown Service Group Co. Ltd., Annual General Meeting, Jun 21, 2024. Reported Earnings • Mar 27
Full year 2023 earnings released: EPS: CN¥0.19 (vs CN¥0.17 in FY 2022) Full year 2023 results: EPS: CN¥0.19 (up from CN¥0.17 in FY 2022). Revenue: CN¥17.4b (up 17% from FY 2022). Net income: CN¥605.4m (up 11% from FY 2022). Profit margin: 3.5% (down from 3.7% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 16% decline forecast for the Real Estate industry in Germany. Announcement • Mar 26
Greentown Service Group Co. Ltd. Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 11 July 2024 Greentown Service Group Co. Ltd. proposed final dividend of HKD 0.15 per share for the year ended 31 December 2023 at its shareholders' meeting to be held on 21 June 2024. Ex-dividend date: 25 June 2024. Record date: 28 June 2024. Payment date: 11 July 2024. Announcement • Mar 14
Greentown Service Group Co. Ltd. to Report Fiscal Year 2023 Results on Mar 26, 2024 Greentown Service Group Co. Ltd. announced that they will report fiscal year 2023 results on Mar 26, 2024 New Risk • Jan 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 14% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (14% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Oct 01
First half 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.10 in 1H 2022) First half 2023 results: EPS: CN¥0.13 (up from CN¥0.10 in 1H 2022). Revenue: CN¥8.20b (up 20% from 1H 2022). Net income: CN¥415.5m (up 22% from 1H 2022). Profit margin: 5.1% (in line with 1H 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 14% decline forecast for the Real Estate industry in Germany. Reported Earnings • Aug 27
First half 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.10 in 1H 2022) First half 2023 results: EPS: CN¥0.13 (up from CN¥0.10 in 1H 2022). Revenue: CN¥8.20b (up 20% from 1H 2022). Net income: CN¥415.5m (up 22% from 1H 2022). Profit margin: 5.1% (in line with 1H 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 15% decline forecast for the Real Estate industry in Germany. Announcement • Aug 16
Greentown Service Group Co. Ltd. to Report First Half, 2023 Results on Aug 25, 2023 Greentown Service Group Co. Ltd. announced that they will report first half, 2023 results on Aug 25, 2023 New Risk • Jul 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (117% cash payout ratio). Share price has been volatile over the past 3 months (6.6% average weekly change). Profit margins are more than 30% lower than last year (3.7% net profit margin). Buying Opportunity • Jun 13
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be €0.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings is also forecast to grow by 19% per annum over the same time period. Upcoming Dividend • Jun 13
Upcoming dividend of HK$0.10 per share at 2.3% yield Eligible shareholders must have bought the stock before 20 June 2023. Payment date: 11 July 2023. Payout ratio is a comfortable 52% but the company is paying out more than the cash it is generating. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.5%). Announcement • May 30
Greentown Service Group Co. Ltd. Announces Board Changes and Changes in the Composition of Board Committees The board of directors of Greentown Service Group Co. Ltd. announced that Ms. Wu Aiping will resign as an independent non-executive Director, and a member of each of the audit committee, the remuneration committee and the nomination committee of the Company with effect from 1 June 2023 due to her desire to devote more time to her personal affairs. The Board further announced that Mr. Jia Shenghua will be appointed as an independent non-executive Director, and a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee with effect from 1 June 2023. The biographical details of Mr. Jia are as follows: Mr. Jia, aged 61, is currently a professor and a tutor of doctoral students of the School of Management of Zhejiang University. He worked at Northwest Agricultural University from July 1989 to February 1995, where he was engaged in teaching and research of land economic management. He has joined Zhejiang University since March 1995. Mr. Jia is currently also a standing director of the Global Chinese Real Estate Congress. In addition to the working experience above, Mr. Jia is currently an independent non-executive director of Greentown China Holdings Limited, as well as an independent director of each of Hangzhou Binjiang Real Estate Co. Ltd., Nandu Property Services Group Co. Ltd. and Guangyu Group Co. Ltd. Moreover, Mr. Jia served as an independent non-executive director of Dexin Services Group Limited from June 2021 to April 2023. Mr. Jia obtained his bachelor's degree in agricultural economics and management from the Northwest A&F University in the People's Republic of China in July 1983 and his doctor's degree in agricultural economics and management from the Northwest Agricultural University in the PRC in July 1989. The Board considered and accepted the recommendation from the Nomination Committee to appoint Mr. Jia as an independent non-executive Director and a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee, after reviewing his academic qualifications and work experience. Buying Opportunity • May 29
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be €0.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings is also forecast to grow by 19% per annum over the same time period. Buying Opportunity • May 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 22%. The fair value is estimated to be €0.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings is also forecast to grow by 19% per annum over the same time period. Reported Earnings • Mar 24
Full year 2022 earnings released: EPS: CN¥0.17 (vs CN¥0.26 in FY 2021) Full year 2022 results: EPS: CN¥0.17 (down from CN¥0.26 in FY 2021). Revenue: CN¥14.9b (up 18% from FY 2021). Net income: CN¥547.5m (down 35% from FY 2021). Profit margin: 3.7% (down from 6.7% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 28% decline forecast for the Real Estate industry in Germany. Announcement • Feb 11
Greentown Service Group Co. Ltd. Announces Resignation of Wu Zhihua as Executive Director The board of directors of Greentown Service Group Co. Ltd. announced that due to personal health reason, Mr. Wu Zhihua ("Mr. Wu'') has tendered his resignation as an executive Director and an authorised representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited with effect from 10 February 2023. After the resignation of Mr. Wu, the Board is composed of eleven members, including three executive Directors, four non-executive Directors and four independent non-executive Directors, which is still in compliance with Rule 3.10A of the Listing Rules. Mr. Wu has been a member of the Group since June 2003 and held various senior management positions of the Group. He was appointed as an executive Director in November 2015 and successively served as the chief operating officer, chief executive officer and chief financial officer of the Company, and made contributions to the Company's business development, financial management, capital markets and corporate governance. Following his resignation, Mr. Wu will remain in the Group and will focus on the development of the Group's technology business and continue to provide services to the Group. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Non-Executive Director Aiping Wu was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Sep 02
Insider recently bought €1.3m worth of stock On the 30th of August, Weiping Song bought around 2m shares on-market at roughly €0.71 per share. This transaction increased Weiping Song's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €2.5m more in shares than they have sold in the last 12 months. Reported Earnings • Aug 27
First half 2022 earnings released: EPS: CN¥0.11 (vs CN¥0.17 in 1H 2021) First half 2022 results: EPS: CN¥0.11 (down from CN¥0.17 in 1H 2021). Revenue: CN¥6.83b (up 22% from 1H 2021). Net income: CN¥341.1m (down 38% from 1H 2021). Profit margin: 5.0% (down from 9.8% in 1H 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 30% compared to a 47% decline forecast for the Real Estate industry in Germany. Announcement • Aug 13
Greentown Service Group Co. Ltd. to Report First Half, 2022 Results on Aug 26, 2022 Greentown Service Group Co. Ltd. announced that they will report first half, 2022 results on Aug 26, 2022 Reported Earnings • Apr 28
Full year 2021 earnings released: EPS: CN¥0.26 (vs CN¥0.23 in FY 2020) Full year 2021 results: EPS: CN¥0.26 (up from CN¥0.23 in FY 2020). Revenue: CN¥12.6b (up 24% from FY 2020). Net income: CN¥846.3m (up 19% from FY 2020). Profit margin: 6.7% (down from 7.0% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 27% compared to a 33% decline forecast for the industry in Germany. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Non-Executive Director Aiping Wu was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 28
Full year 2021 earnings released: EPS: CN¥0.26 (vs CN¥0.23 in FY 2020) Full year 2021 results: EPS: CN¥0.26 (up from CN¥0.23 in FY 2020). Revenue: CN¥12.6b (up 24% from FY 2020). Net income: CN¥846.3m (up 19% from FY 2020). Profit margin: 6.7% (down from 7.0% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 29% compared to a 29% decline forecast for the industry in Germany. Reported Earnings • Aug 30
First half 2021 earnings released: EPS CN¥0.17 (vs CN¥0.13 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: CN¥5.60b (up 27% from 1H 2020). Net income: CN¥546.7m (up 46% from 1H 2020). Profit margin: 9.8% (up from 8.5% in 1H 2020). The increase in margin was driven by higher revenue. Board Change • Aug 19
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non-Executive Director Aiping Wu was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 
