Yuexiu Services Group Limited released unaudited results for the six months ended 30 June 2026, showing a mixed performance amid a slowing property sector and strategic portfolio optimisation.

Revenue and Earnings • Total revenue slipped 2.40% year-on-year to RMB 1.91 billion. • Non-commercial property management and value-added services delivered RMB 1.58 billion (-1.0%), accounting for 82.3% of group turnover. • Commercial property management and operational services contributed RMB 338.60 million (-8.5%), representing 17.7% of revenue. • Gross profit edged down 1.42% to RMB 411.99 million, while gross margin improved 0.2 ppt to 21.5% on service-mix optimisation. • Profit attributable to shareholders declined 6.60% to RMB 223.87 million; net margin was 11.7%. • Basic and diluted EPS stood at RMB 0.15 (1H 2025: RMB 0.16).

Segment Dynamics • Property management services revenue grew 17.3% to RMB 840.06 million on enlarged residential GFA. • Value-added services to non-property owners rose 3.83% to RMB 329.49 million, buoyed by the intelligent business. • Community value-added services fell 27.17% to RMB 406.45 million after completion of a major non-recurring project in 2025. • Commercial operation and management services generated RMB 291.20 million (-6.6%); market positioning and tenant sourcing revenue dropped 18.6% to RMB 47.40 million.

Operational Scale • GFA under management reached 79.82 million sq.m., up 8.6% versus end-2025. • Contracted GFA expanded 5.6% to 95.02 million sq.m. across 556 projects in 47 cities. • Residential property management fees averaged RMB 3.00 per sq.m. per month (1H 2025: RMB 2.80). Office building fees averaged RMB 18.40 per sq.m. per month, while shopping mall fees slipped to RMB 26.40.

Cash and Balance-Sheet Highlights • Cash, cash equivalents and time deposits totalled RMB 4.97 billion at 30 June 2026, up from RMB 4.91 billion at year-end 2025. • Net current assets stood at RMB 3.62 billion; the group reported no interest-bearing bank debt, leaving the gearing ratio at zero. • Trade receivables increased 14.7% to RMB 974.02 million, reflecting business expansion.

Dividend • The Board proposed an interim dividend of HKD 0.103 per share (approximately RMB 0.089), implying a 60% payout ratio. Shareholders on record as of 7 September 2026 will receive payment on or around 29 September 2026.

Strategic Updates Yuexiu Services continues to refine its portfolio, exiting 5.40 million sq.m. of underperforming projects while adding 10.42 million sq.m. of new contracts. Management will prioritise core city clusters, enhance digital-intelligent operations, and scale value-added services across lifestyle, community commerce and asset management to support sustainable growth in the evolving property management landscape.