HEVOL SERVICES (06093) has issued a corporate update, forecasting that for the six-month period ending June 30, 2026, the group's net profit after tax will range from approximately RMB 8.5 million to RMB 15.9 million, with profit attributable to shareholders of the company expected to be between RMB 4.6 million and RMB 8.6 million. This compares to the first half of fiscal year 2025, when net profit after tax stood at roughly RMB 14.1 million and shareholder-attributable profit was about RMB 3.0 million.

The anticipated rise in profit attributable to shareholders is driven by a combination of key factors. First, the absence of a one-off loss that occurred in the first half of fiscal 2025 related to the disposal of a 51% stake in Jiangsu Shenhua Times Property Group Co., Ltd., a limited liability company incorporated under Chinese law. Second, there has been an increase in credit impairment provisions for trade and other receivables during the first half of fiscal 2026. Third, administrative expenses have declined in the same period as a result of the group's cost-control initiatives.