Dexin Services Group Limited reported a modest top-line uplift but strengthened profitability for the six months ended 30 June 2026.

Revenue edged up 0.70% year on year to RMB 446.20 million, driven by a 4.00% increase in core property-management income to RMB 424.94 million. This growth compensated for sharp declines in value-added services to non-property owners (-54.50% to RMB 6.29 million) and community value-added services (-27.90% to RMB 14.97 million).

Gross profit expanded 7.40% to RMB 101.42 million, lifting the gross margin to 22.7%, up 1.4 percentage points. Margin gains reflected the exit from low-yield projects and a leaner cost structure, particularly within community value-added services where margin jumped to 79.7%.

Profit attributable to shareholders fell 10.78% to RMB 30.47 million owing to a higher minority interest share, but overall net profit improved 6.06% to RMB 36.67 million. Basic earnings per share slipped 10.26% to RMB 0.035. The Board declared no interim dividend.

Operationally, gross floor area under management grew 5.0% year on year to 40.20 million sq m, bolstered by new project wins. Contracted GFA advanced 1.7% to 42.12 million sq m. Residential projects contributed 74.5% of managed GFA and 73.5% of revenue, with Zhejiang Province remaining the core market (approximately three-quarters of segment turnover).

On the balance sheet, total assets jumped to RMB 1.48 billion (31 December 2025: RMB 1.15 billion) after the acquisition of Deqing Moganshan Ruijing Real Estate Co., Ltd., which added hotel and related assets. Cash and cash equivalents rose to RMB 168.43 million, while total borrowings increased to RMB 149.00 million, pushing the gearing ratio to 0.30 from 0.02. The current ratio slipped to 1.2x from 1.3x.

Management highlighted ongoing digital-intelligence investments—RMB53.60 million of IPO proceeds remain earmarked for technology upgrades—and a strategic focus on higher-margin contracts to sustain earnings quality amid a challenging real-estate environment.