On the evening of August 28, EXCELLENCE CM released its interim results for 2026. According to the financial report, during the reporting period, EXCELLENCE CM achieved revenue of RMB 2.14 billion, representing a year-on-year increase of 7.2% after excluding the impact from the disposal of its financial business. Net profit attributable to the parent company for the period stood at RMB 118 million, primarily affected by increased impairment provisions on trade receivables and financial guarantees related to acquired companies, among other non-recurring operational factors.

Looking at its main operations, the market-oriented expansion of EXCELLENCE CM has shown notable results, with third-party self-developed basic property revenue reaching RMB 1.09 billion, up 16.7% year-on-year. The gross profit from these third-party self-developed basic property services amounted to RMB 92 million, growing 14.5% year-on-year. The company's operational independence has been further strengthened, with revenue from non-related parties rising to 93.2% of total revenue.

Operating cash flow also improved, reaching RMB 44 million, an increase of RMB 53 million year-on-year. Xia Shigang, head of the financial management center at EXCELLENCE CM, stated, "The pressure from the macro environment and the deep adjustment in the real estate industry continue to persist. The property management industry is at a critical stage of transitioning from scale expansion to high-quality development. Corporate value is no longer simply determined by the size of managed area, but by building customer loyalty and brand premium through refined operations and service quality. In such an environment, EXCELLENCE CM has achieved steady growth in its fundamentals by focusing on core businesses, continuously pushing forward third-party self-development, and strengthening cash flow control."

In terms of scale, EXCELLENCE CM's contracted area reached 89.1 million square meters, up 8% year-on-year, with total managed property area at 83.09 million square meters, a year-on-year increase of 11.9%. Among this, the third-party managed area reached 54.08 million square meters, with its proportion surpassing 65% for the first time. Managed areas in first-tier and new first-tier cities accounted for 75.3% of the total. The deep implementation of the "1+1+X" strategy continues, with balanced development in target regions, as the Greater Bay Area and the Yangtze River Delta accounted for 35.7% and 33.9% of total managed areas, respectively.