Hollwin Urban Operation Service Group Co., Ltd. (Hollwin Urban) released its unaudited interim results for the six months ended 30 June 2026.

Revenue slipped 2.1% year-on-year to RMB309.40 million, chiefly because of weaker landscaping and lighting activity in the urban-services segment. Property-management income grew 14.9% to RMB169.00 million, now accounting for 54.6% of total revenue. Urban-services revenue fell 19.3% to RMB109.13 million, while commercial-operation services eased 7.8% to RMB31.28 million.

Thanks to tighter cost control, gross profit was largely unchanged at RMB84.88 million, and the gross margin widened to 27.4% from 26.9% a year earlier. Net profit rose 1.9% to RMB39.28 million, translating into basic and diluted EPS of RMB0.25 (H1 2025: RMB0.24).

Operating expenses moderated: selling expenses declined 15.4% to RMB1.29 million and administrative expenses dropped 7.9% to RMB25.99 million. Expected-credit-loss charges were steady at RMB4.53 million.

Hollwin Urban maintained a solid balance sheet with no interest-bearing debt. Cash and cash equivalents stood at RMB318.26 million, down 9.9% from end-2025 mainly after paying a RMB38.30 million final dividend for FY 2025. The current ratio stayed strong at 1.63, backed by current assets of RMB869.39 million versus current liabilities of RMB532.09 million. Net assets totalled RMB413.08 million.

Net operating cash inflow fell to RMB12.43 million (H1 2025: RMB30.28 million) due to slower settlement of contract assets. Capital expenditure came to RMB5.19 million, focused on upgrading smart equipment.

The board declared no interim dividend.

Proceeds from the May 2024 listing remain largely intact, with HK$62.60 million yet to be deployed, primarily earmarked for strategic acquisitions and technology upgrades.

Subsequent event: on 2 July 2026 Hollwin Urban completed the 100% acquisition of Liwei Zhongtian, a Hunan-based intelligent-systems engineering firm, to enhance its municipal-lighting and smart-city capabilities.

Management reiterated its strategy to deepen its Hunan stronghold, pursue bolt-on M&A, strengthen digital solutions and expand its full-cycle urban-services offering while maintaining disciplined cost control.