Poly Property Services Co., Ltd. reported interim revenue of 8.83 billion yuan for the six months ended 30 June 2026, up 5.2% year-on-year. Gross profit rose 4.1% to 1.69 billion yuan, keeping gross margin broadly stable at 19.19% (1H25: 19.38%).

Net profit attributable to shareholders increased 4.8% to 933.50 million yuan, translating into basic earnings per share of RMB 1.69 (1H25: RMB 1.62). Net profit margin held at 10.7%, while return on equity slipped to 8.8% from 9.2% a year earlier.

Business mix • Property management services contributed 80.2% of total revenue, climbing 11.9% to 7.08 billion yuan on the back of a larger managed gross floor area (GFA) of 893.7 million sq m. • Value-added services to non-property owners generated 718.78 million yuan, down 16.7%, reflecting weaker demand for pre-delivery and office-leasing services amid the real-estate downturn. • Community value-added services delivered 1.03 billion yuan, a 14.4% decline; management cited softer community consumption but noted growth in house rental & sales agency and space-operation segments.

Operating metrics • GFA under management expanded by 60.0 million sq m since end-2025, with third-party projects now representing 66.9% of the total. • Average residential management fee rose to RMB 2.52 per sq m per month (1H25: RMB 2.47), supported by higher-quality project mix.

Balance sheet and cash flow • Total assets stood at 18.81 billion yuan; total equity reached 10.91 billion yuan. • Cash and bank balances were 12.34 billion yuan, down 4.3% from year-end 2025, mainly due to dividend accruals and higher working capital. • Trade receivables increased to 4.43 billion yuan in line with business expansion; gearing ratio edged up to 42.0% (FY25: 41.2%). • The group remains debt-free.

Capital allocation and dividend A final dividend of 775.22 million yuan for FY25 was paid in July 2026. The board did not declare an interim dividend.

Strategic outlook Management targets “quality, profitability and cash-flow-focused” expansion, highlighting: 1. Continued penetration in core cities and high-value third-party contracts; 2. Deepening integrated facility-management (IFM) offerings for commercial and public-service sectors; 3. Lean management to safeguard margins and cash generation; 4. Technology deployment—robotics, IoT and AI—to elevate service efficiency.

No major acquisitions or disposals occurred during the period. Unutilised IPO proceeds of HK$959.10 million remain earmarked mainly for value-added services development and strategic investments, with planned deployment by end-2027.

Governance The company stated full compliance with the Hong Kong Corporate Governance Code and confirmed no material contingent liabilities or post-balance-sheet events.

Overall, Poly Property Services delivered steady top- and bottom-line growth, kept leverage low, and reiterated its strategy of high-quality market expansion and digital-enabled efficiency improvements.