仲量联行公司（百万美元）Q1 2023 Q2 2023 Q3 2023 Q4 2023 FY 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 FY 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 FY 2025 FY 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 FY 2025 Real Estate Management Services Revenue 3,737.83,845.13,992.34,477.416,052.64,123.14,426.34,577.25,092.418,219.04,626.54,949.95,041.05,616.120,233.5 Workplace Management 2,497.22,553.42,637.13,018.5 10,706.22,871.73,0 21.13,164.63,472.312,529.73,263.63,349.13,423。452.34 76.51,795.14 45.64 54.4461.14 80.21,841.3组合服务及其他102.71 18.01 30.11 49.3500.11 11.41 24.11 32.31 23.31 12.71 18.91 29.81 52.15 2.15 13.5软件和技术解决方案61.46 0.658.96 5.5 246.453.9 56.456.75 9.32 26.357.155.95 8.66 0.72 32.3总合同成本3,110.93,179.83,300.63,678.013,269.33,470.33,718.53,831.34,251.615,271.73,931.04,17 3.54,256.34,744.017,104.8工作场所管理2,314.02,365.22,442.02,778.69,899.82,663.12,793.42,928.03,209.31,593.83,040.63,100.43,17 2.13,548.6 12,861.7项目管理465.4473.55 17.45 40.11,996.44 45.9 555.25 28.56 54.32,183.95 20.07 00.26 96.77 96.72,7及其他54.85 8.15 7.165.22 35.26 1.66 4.16 2.26 4.3252.257.356.356.75 9.86 3.12 36.9软件和技术解决方案3.6 4.1 3.3 3.5 14.51.2 1.4 1.4 1.55.5 0.7 0.5 0.8 0.8 0.8 2.8平台报酬和福利448.64 60.94 71.94 88.71,870.14 47.9467.84 84.55 25.51,925.7 479.55 15.45 21.65 31.92,0 48.4平台运营，行政及其他157.11 45.71 47.6161.66 12.01 39.11 59.217 2.3171.56 42.11 53.2162.81 61.41 76.06 53.4折旧及摊销31.43 2.33 1.93 2.91 28.53 3.53 4.03 7.9 38.31 43.7 37.8 36.43 4.23 2.41 40.8分部平台运营费用合计637.16 38.96 51.4683.22,610.66 20.5661.06 94.77 35.32,711.56 70.57 14.67 17.27 40.32,842.6分部运营费用合计3,748.03,818.73,952.04,361.215,879.94,090.84,379.54,526.04,986.9 17,983.24,601.54,888.14,973.55,484.3 19,947.4分部营业收入（亏损）（10.2）26.44 0.31 16.217 2.73 2.346.85 1.2 105.52 35.8 25.06 1.86 7.5 131.82 86.1加：权益收益（亏损）1.0 0.8 0.3-2.1 1.10.3 1.10.4 2.9 0.4及摊销（1）30.43 1.43 0.93 1.81 24.53 2.53 3.13 6.93 7.41 39.9 36.93 5.43 3.33 1.5 137.1其他收入（费用）---0.2 0.2---1.7 1.7（0.2）-（0.1）0.5 0.2归属于非控股权益的净亏损（收入）（0.2）（0.6）（0.1）（0.1）（1.0）0.3（0.3）（0.3）（0.4）（0.7）（1.1）0.10.3（0.1）（0.8）调整后EBITDA 21.058.07 1.41 48.12 98.566.27 9.988.91 44.6 379.66 1.0 97.8 101.1163.44 23.3 Q1 2023 Q2 2023 Q3 2023 Q4 2023 FY Q1 2024 Q2 2024 Q3 2024 Q4 2024 FY 2024 Q1 2025 Q2 2025 Q3 2025 Q32025年第四季度2025财年分部摘要收入房地产管理服务3,737.83,845.13,992.34,477.41 6,052.64,123.14,426.34,577.25,092.418,219.04,626.54,949.95,041.05,616.120,233.5租赁咨询506.26 15.5573.27 51.62,446.55 20.4642.2691.58 51.52,705.65 86.16 76.87 41.91,005.13,009.9资本市场服务357.14 48.04 35.85 37.11,778.03 77.6457.64 98.87 06.42,0 40.44 35.35 20.36 12.18 54.42,422.1投资管理114.41 43.91 10.11 15.34 83.7 103.4 102.6 101.31 60.6467.998.5 103.11 15.41 33.14 50.1总17,104.8租赁咨询6.05.47.61 1.23 0.26.48.39.78.93 3.3 2.0 3.3 3.1 3.21 1.6资本市场服务9.31 3.11 1.5 13.64 7.51 3.61 1.81 1.51 1.74 8.6 1.1 1.7 1.5 1.45.7投资管理7.17.57.46.9 28.98.48.89.3 10.93 7.48.48.87.81 1.8 36.1调整后EBITDA房地产管理服务21.05 8.07 1.41 48.12 98.566.27 9.98 8.91 44.6 379.66 1.09 7.8 101.1163.44 23.3租赁咨询58.88 6.36 9.51 34.6 49.27 4.81 12.11 31.71 46.1464.7 4.7 97.01 20.41 36.92 25.85 80.1资本市场服务10.7 36.05 0.376.1173.125.03 3.86 5.71 19.92 44.448.65 4.789.91 71.23 64.4投资管理（2）23.13 4.8 26.0 19.9 103.82 1.02 2.71 4.04 2.6 100.3 15.8 16.32 3.7 27.78 3.5所有其他（0.7）10.0 0.14.41 3.8 0.1（2.2）（2.2）1.6（2.7）2.4 2.5（4.3）1.0 1.6（1）本次调整不包括不属于普通股股东的非控制性权益部分。（2）投资管理调整后EBITDA不包括权益（亏损）收益。附件 99.1