Xincheng Yue Service (01755) announced interim results. Profit attributable to owners was about 129 million yuan, an increase of 51.1% year-on-year

Zhitongcaijing · 1d ago

According to the Zhitong Finance App, Xincheng Yue Service (01755) announced its 2026 interim results, with revenue of about 2.141 billion yuan, a year-on-year decrease of 7.7%; profit attributable to company owners was about 129 million yuan, an increase of 51.1% over the previous year; basic profit per share was 0.15 yuan.

Among them, revenue from property management services was approximately $1,739 million, down about 2.6% from the same period in 2025, accounting for about 81.3% of total revenue during the reporting period. The decline in revenue from property management services was mainly due to the sale of subsidiaries, which led to a decline in property management service revenue from properties developed by third parties. Excluding the impact of the sale of subsidiaries, the Group's property management service revenue increased by about 1.8% year-on-year in the first half of 2026.

The revenue from community value-added services was about 375 million yuan, a year-on-year decrease of about 24.2%, accounting for about 17.5% of total revenue during the reporting period. The decline in community value-added service revenue is mainly due to the strategic contraction of community retail and facility equipment services and a decrease in parking space sales revenue.