First Service Holding Limited (First Service) has warned shareholders and potential investors that net profit for the six months ended 30 June 2026 is expected to be no more than RMB 28.00 million, down 29.29% from RMB 39.60 million in the same period of 2025.

Profit attributable to equity shareholders is projected at no more than RMB 21.00 million, a decline of 25.53% from RMB 28.20 million a year earlier.

Management attributes the earnings contraction to a strategic optimisation of the project portfolio. The group has exited several low-gross-margin projects, reducing revenue while operating costs did not fall in tandem, compressing overall gross profit for the period.

The figures are based on the group’s unaudited consolidated management accounts and remain subject to review by the company’s auditors and audit committee. First Service plans to release its formal interim results in August 2026.

Investors are advised to exercise caution when dealing in the company’s securities.