HK Stock Market Move | SHIMAO SERVICES (00873) rose 20% in late trading. The company has a solid financial foundation and is exploring the independent cash-generating capacity of diversified businesses.

SHIMAO SERVICES (00873) rose 20% in late trading, up 14.29% as of press time, at HK$0.40, with a turnover of HK$1,433,800. On the news front, SHIMAO SERVICES' 2026 interim results show that in the first half of this year, the company achieved revenue of RMB 3.350 billion and gross profit of RMB 452 million; as of the end of the period, the gross floor area under management was 190.2 million square meters, and the contracted gross floor area was 306.5 million square meters. In addition, the company's cash and cash equivalents reached as high as RMB 3.131 billion, with interest-bearing liabilities maintained at a low level, reflecting a solid financial foundation. It is worth noting that the company is advancing the full-chain implementation of AI, including the deployment of all-scenario intelligent service products, intelligent control of project energy consumption, and the replacement of manual patrols with intelligent inspections, driving down labor costs and administrative expenses. Residential property management services serve as the scale cornerstone of SHIMAO SERVICES. In the first half of the year, the residential area under management reached 138 million square meters, growing 1.0% against the trend, with its proportion rising from 61.6% to 72.7%; meanwhile, more than 76% of projects are located in China's high-tier cities; the company's diversified businesses are accelerating their "independent cash-generating" capacity, with community value-added services revenue reaching RMB 551 million, among which community asset management, elderly care services, and new retail revenue surged by 22.7%, 15.2%, and 68.8%, respectively.