CG Services (Country Garden Services Holdings Company Limited) reported interim results for the six months ended 30 June 2026 showing both top-line growth and margin resilience.

Revenue and Profitability • Group revenue reached RMB 24.50 billion, a 5.7 % increase year-on-year. • Gross profit rose 3.3 % to RMB 4.44 billion; overall gross margin edged down to 18.1 % from 18.5 %. • Core net profit attributable to shareholders grew 3.2 % to RMB 1.62 billion. • Statutory net profit attributable to shareholders declined 4.6 % to RMB 0.95 billion due to higher impairment and FX losses.

Segment Performance • Greater Property Management business contributed RMB 17.13 billion, or 70 % of revenue, up 7.5 %. – Property management services revenue rose 6.3 % to RMB 14.51 billion with a 21.8 % margin. – Community value-added services expanded 18.3 % to RMB 2.31 billion; margin softened to 29.9 %. – Value-added services to non-property owners fell 20.2 % to RMB 0.23 billion but margin recovered to 4.2 %. • Developing Business delivered RMB 7.37 billion, broadly flat year-on-year. – “Three Supplies and Property Management” revenue increased 10.8 % to RMB 4.61 billion, while heat supply slipped 0.9 % to RMB 0.91 billion. – Environmental business contracted 12.2 % to RMB 1.52 billion with margin down to 8.3 %. – Commercial operational services dipped 9.0 % to RMB 0.27 billion; margin improved to 34.9 %.

Operating Metrics • Revenue-bearing GFA under management rose to 1,096.4 million sq m; third-party projects accounted for 52 %. • Net cash outflow from operations improved by RMB 0.13 billion to RMB 0.75 billion. • Cash, time deposits and structured deposits totaled RMB 16.18 billion; interest-bearing debt stood at RMB 1.51 billion, keeping the Group in a net cash position.

Capital Management • FY 2025 final and special dividends totaling RMB 1.51 billion were approved, with FY 2026 dividend guidance “not less than RMB 1.5 billion”. • During the period the Company repurchased 34.99 million shares for approximately RMB 0.19 billion; 24.12 million shares were cancelled. • R&D spending increased 42.2 % to RMB 0.11 billion, supporting the PARA (People-Agent-Robot-AIoT) strategy.

Strategic Highlights • Newly contracted annualised revenue reached RMB 1.32 billion, up 53 %, with over 600 projects commencing on-site delivery. • Launch of “Bifu Enterprise Services” strengthens expansion into Integrated Facility Management for non-residential clients. • Community value-added businesses saw accelerated growth in retail essentials and two-wheeled charging stations, now covering 10.36 million users.

Outlook Management will prioritise prudent operations, lean cost structure and technology-driven efficiency, aiming to convert policy support under China’s 15th Five-Year Plan into sustainable growth.