CG SERVICES (06098) announced its interim results, with a profit attributable to shareholders of approximately 950 million yuan, a decrease of 4.6% compared to the same period last year.

CG SERVICES (06098) announced its mid-term results for 2026, reporting a revenue of approximately 24.5 billion yuan, a year-on-year increase of 5.7%; the profit attributable to shareholders was approximately 950 million yuan, a year-on-year decrease of 4.6%; the core net profit attributable to shareholders was 1.6185 billion yuan, a year-on-year increase of 3.2%; basic earnings per share were 29.16 cents. The announcement stated that the revenue growth was mainly due to the group's property management services, community value-added services, and Three Supplies and One Industry business all maintaining growth. This was coupled with the active reduction of business scale from customers with significantly increased credit risk, which led to a decline in non-owner value-added service revenue, along with the combined impact of decreasing environmental business and commercial operation service revenue. The groups property management scale has steadily increased. As of June 30, 2026, excluding the Three Supplies and One Industry business, the group had a managed area of approximately 1.0964 billion square meters. In addition, the managed area for the Three Supplies and One Industry business was approximately 90 million square meters. The group managed a total of 8,576 properties, which are distributed across 31 provinces, municipalities, autonomous regions in mainland China, as well as the Hong Kong Special Administrative Region and overseas, with a focus on key economic metropolitan areas including the Pearl River Delta, Yangtze River Delta, middle reaches of the Yangtze River, Beijing-Tianjin-Hebei, and the Chengdu-Chongqing economic circle. During the period, the group achieved remarkable results in market expansion, realizing a rise in both quantity and quality. More than 600 new contracted and initiated projects were signed, generating new annualized revenue of approximately 1.32 billion yuan, a year-on-year increase of 53%. The focus on urban expansion for newly developed projects has continued to improve, with the group successfully landing multiple benchmark projects in cities including Beijing, Shanghai, and Hangzhou, achieving breakthroughs in large-scale residential properties, comprehensive coverage at the district and county level, and high-end villa sectors.