HK Stock Market Move | CG SERVICES (06098) surged over 5% after earnings report, with mid-term revenue of approximately 24.5 billion yuan. The company's core business performed solidly.

CG SERVICES (06098) rose over 5% after its earnings report, reaching an increase of 5.47% as of press time, priced at HKD 5.78, with a transaction volume of HKD 40.2269 million. On August 26, CG SERVICES announced its interim results for 2026, reporting revenue of approximately RMB 24.5 billion, a year-on-year increase of 5.7%; profit attributable to shareholders was roughly RMB 950 million, a decline of 4.6% year-on-year; core net profit attributable to shareholders was RMB 1.6185 billion, reflecting a year-on-year growth of 3.2%; basic earnings per share was 29.16 cents. The announcement stated that the revenue growth was mainly driven by the Group's property management services, community value-added services, and "three supply and one industry" business, all maintaining growth. As of June 30, 2026, excluding the "three supply and one industry" business, the Group's chargeable management area was approximately 1.0964 billion square meters. CICC research report pointed out that CG SERVICES core business performed solidly, with the large property sector (property management services, community value-added services, and non-owner value-added services), which accounted for 70% of revenue, contributing over 90% of revenue growth and a slight increase of 0.2 percentage points in gross profit margin year-on-year. Property management services achieved a 6% revenue growth and 7% gross profit growth, while community value-added services realized an 18% revenue growth and 12% gross profit growth. During the period, a new annualized contract value of RMB 1.3 billion was signed, a year-on-year increase of 53%. In addition, the company actively controlled expenses, with sales and management expenses down 9% year-on-year.