Shares of Country Garden Services Holdings (06098.HK) plunged 5.15% in intraday trading after the company reported a significant decline in its first-half 2025 profit and announced it would not pay an interim dividend. The sharp drop reflects investors' disappointment with the company's financial performance and dividend decision.

According to the company's filing to the Hong Kong Stock Exchange, Country Garden Services' profit attributable to owners fell by 30.8% to 996.6 million yuan in the first half of 2025, compared to 1.44 billion yuan in the same period last year. Earnings per share (EPS) came in at 0.2973 yuan, missing analysts' estimates of 0.39 yuan and down from 0.4309 yuan in the prior-year period. The significant earnings miss likely contributed to the negative market reaction.

Despite the profit decline, the company reported a 10% increase in revenue to 23.19 billion yuan, slightly above analysts' expectations of 22.95 billion yuan. However, this revenue growth was not enough to offset concerns about profitability and the board's decision to withhold interim dividends. The combination of lower profits, missed EPS estimates, and the absence of a dividend payout appears to have shaken investor confidence, leading to the substantial sell-off in CG Services' shares.