EVERG SERVICES (06666) has released its interim results for the six months ended June 30, 2026, showing steady financial progress. The group recorded revenue of RMB 6.943 billion, representing a year-on-year increase of 4.45%, while profit attributable to shareholders of the company rose by 9.48% to RMB 517 million.

Earnings per share stood at RMB 0.05 during the period. The core property management services segment generated approximately RMB 5.8315 billion in revenue, up roughly 3.9% year-on-year, primarily driven by an expansion in the total area under management and enhanced collection efforts. The company also noted improved service quality, which contributed to a reduction in the number of high-risk clients.

As of June 30, 2026, the group's total managed area reached approximately 603 million square meters, an increase of about 7 million square meters compared with 596 million square meters recorded as of June 30, 2025.

During the reporting period, adhering to the principle of prudence, the group recognized basic property management service revenue based on the consideration expected to be entitled from providing services to clients. For certain third-party clients with significantly elevated credit risks, the group did not recognize revenue for completed performance obligations when their payments were overdue, taking into account their willingness to settle the amounts owed. Furthermore, considering the current status of related parties and based on the principle of conservatism, the group excluded approximately RMB 255.7 million in basic property management service revenue related to vacant property management services associated with related parties from its property management service revenue for the period.