China Resources Mixc Lifestyle Services (1209) investor relations material

Executive summary

• Revenue for H1 2026 reached RMB9.217 billion, up 8.1% YoY, with core net profit attributable to shareholders at RMB2.229 billion, up 10.8% YoY; gross profit margin improved to 38.0%.

• Interim and special interim dividends declared total RMB0.977 per share, up 10.8% YoY, representing 100% payout of interim core net profit.

• Retail sales of shopping malls surged 21.7% YoY, with same-store sales up 10.2% and NOI margin for malls at 68.9%.

• The Group maintained a dual-engine strategy of extensional and organic growth, with resilience amid market volatility.

• Gross profit increased 10.8% to RMB3.507 billion.

Financial highlights

• Commercial management business revenue grew 13.2% YoY to RMB3.699 billion; shopping malls up 15.2% and office buildings up 8.6%.

• Property management business revenue increased 3.4% YoY to RMB5.33 billion; gross profit margin at 18.3%.

• Ecosystem business revenue jumped 87.8% YoY to RMB0.188 billion, gross margin 30.9%.

• Effective net cash flow (non-HKFRS) was RMB1,582.7 million; coverage ratio to core net profit at 0.71x.

• Total cash (including restricted deposits) stood at RMB16,798.8 million; no bank loans or borrowings as of 30 June 2026; gearing ratio at 48.0%.

Outlook and guidance

• Focus on high-quality development, leveraging national policy to drive domestic demand and business expansion.

• Plans to deepen digital transformation, expand membership ecosystem, and accelerate AI deployment.

• Continued focus on high-quality scale expansion in non-residential property management and optimization of residential segment resources.

• Strategic emphasis on scale growth with quality, innovation in service offerings, and technology-driven operations.

• 80 in-pipeline commercial projects, with strong momentum from both parent and third-party projects.