Beijing Capital Jiaye Property Services Co., Limited (BEIJING JIAYE) released its unaudited interim results for the six months ended 30 June 2026.

Revenue and Profitability • Revenue rose 15.6% year on year to RMB1.21 billion, driven by an enlarged managed area and fast-growing value-added services. • Gross profit increased 6.4% to RMB170.50 million; however, the gross margin slipped 1.2 percentage points to 14.1% as higher labour and facility-maintenance costs outpaced topline growth. • Profit for the period improved 8.6% to RMB26.49 million, translating into a net margin of 2.2% (-0.1 ppt). Profit attributable to equity shareholders advanced 20.8% to RMB27.35 million. • Basic earnings per share reached RMB0.19, up 26.7%.

Segment Performance • Property management services contributed 69.5% of revenue, climbing 12.6% to RMB839.86 million. Managed gross floor area expanded 1.3% to 47.99 million sq m, supported by new public property contracts and exits from low-margin projects. • Value-added services to non-property owners delivered the fastest growth, up 35.6% to RMB166.52 million, with specialised cleaning and asset-operation businesses more than doubling revenue. Segment gross margin surged to 26.9% (+9.2 ppts). • Community value-added services grew 13.9% to RMB201.23 million, led by heat-energy supply, catering, parking operations and other lifestyle offerings. Segment gross margin eased to 15.4% (-1.3 ppts).

Cost Structure and Expenses • Cost of sales rose 17.2% to RMB1.04 billion, reflecting expanded operating scale and higher subcontracting and labour outlays. • Administrative expenses increased 15.9% to RMB94.18 million, mainly due to timing of performance-based remuneration. • Expected credit losses on receivables widened 21.7% to RMB43.21 million. • Finance income fell to RMB6.25 million (-23.7%), while finance costs declined to RMB1.12 million (-17.5%). Other income swung to a RMB0.68 million gain from a RMB13.24 million loss in 1H25, as prior-year impairment charges did not recur.

Balance Sheet and Cash Flow • Cash and cash equivalents stood at RMB744.03 million, up 3.3% from end-2025, aided by maturing time deposits. • Net assets edged up to RMB920.85 million. The debt-to-asset ratio was 61.8%, down 2.3 ppts since December 2025; the group had no interest-bearing borrowings or asset pledges. • Trade and other receivables rose 4.0% to RMB842.88 million, reflecting seasonal billing patterns; trade and other payables declined 2.2% to RMB1.05 billion. • Capital expenditure dropped to RMB1.40 million (1H25: RMB6.90 million) as container-house purchases moderated.

Use of IPO Proceeds Since listing in November 2021, the company has deployed HKD124.30 million of its HKD246.91 million net proceeds. As of 30 June 2026, HKD114.60 million remains earmarked mainly for strategic investments, digital upgrades and value-added service expansion, with full utilisation targeted by end-2027.

Dividend The board did not declare an interim dividend for the period, consistent with the prior year.

Outlook Management signalled continued focus on high-quality project expansion, cost control, digital transformation and diversification into asset operations and specialised services, aiming to bolster margins and sustain growth amid a challenging industry backdrop.