Ling Yue Services Group Limited reported a 8.0% year-on-year fall in revenue to RMB295.43 million for the six months ended 30 June 2026, as contracted gross floor area (GFA) under management contracted by 0.5% to 31.19 million sq m.

Gross profit declined 28.6% to RMB67.88 million, trimming the overall gross margin by 6.6 percentage points to 23.0%. The erosion primarily reflected a 7.8-point margin squeeze in the core property-management segment to 21.6%, amid higher labour costs and lower project volume.

Profit attributable to shareholders dropped 30.5% to RMB35.17 million, while net profit for the period fell to RMB34.27 million from RMB52.96 million a year earlier. Earnings per share slipped to RMB0.12 from RMB0.17.

Segment performance: • Property Management Services remained the main revenue driver at 91.4% of group turnover, yet sales fell 8.7% to RMB270.21 million as GFA under management edged down and project count dropped to 217 from 252. • Value-added Services to Non-property Owners rose 52.1% to RMB6.15 million, buoyed by stronger sales-office management demand; the segment contributed 2.1% of total revenue. • Community Value-added Services contracted 9.6% to RMB19.08 million, dampened by weaker “convenient living” income; contribution stood at 6.5%.

Regional mix: Sichuan Province accounted for 76.6% of property-management revenue (RMB206.72 million), followed by Xinjiang (10.2%) and Guangdong (4.4%). Contracted GFA in Sichuan slipped 7.0% to 24.75 million sq m.

Balance-sheet highlights: • Cash and bank balances totalled RMB750.45 million, down from RMB823.79 million at end-2025, reflecting higher working-capital outflows. • Trade receivables increased 8.5% to RMB124.10 million, driven by longer collection cycles. • Current ratio remained stable at 3.0, and the group carried no interest-bearing debt; gearing was therefore negligible. • Net assets stood at RMB744.43 million, up 4.9% from end-2025.

Dividend: The board did not declare an interim dividend for the period, consistent with the prior-year interim.

Outlook: Management reiterated the strategy of “deep cultivation in Southwest China, establishing a strong presence in Xinjiang, and pursuing nationwide development,” with a continued focus on residential, school, park and public-building sectors and an emphasis on enhancing service quality and operational efficiency.