S-Enjoy Service Group
Logotype for S-Enjoy Service Group Co Limited

S-Enjoy Service Group (1755) investor relations material

S-Enjoy Service Group H1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for S-Enjoy Service Group Co Limited
H1 2026 earnings summary28 Aug, 2026

Executive summary

  • Revenue for the six months ended 30 June 2026 was RMB2,140.8 million, down 7.7% year-over-year, mainly due to declines in value-added services and intensified market competition.

  • Profit attributable to owners rose 51.1% to RMB129.0 million, with net profit margin improving by 2.2 percentage points to 6.3%.

  • Gross profit decreased 14.2% to RMB403.3 million, with gross margin down to 18.8%.

  • Cash and cash equivalents declined slightly due to net operating cash outflows and high advance collection rates in 2025.

Financial highlights

  • Property management services revenue fell 2.6% to RMB1,739.3 million; community-related value-added services dropped 24.2% to RMB375.2 million; developer-related value-added services declined 31.5% to RMB26.3 million.

  • Gross profit margin for property management services was 16.9% (down 1.6 ppt), community-related value-added services 28.8% (up 1.4 ppt), and developer-related value-added services 7.6% (down 2.1 ppt).

  • Administrative expenses decreased 14.4% to RMB165.5 million.

  • Net impairment losses on financial and contract assets were RMB102.5 million, down from RMB158.7 million.

  • No borrowings or pledged assets as of 30 June 2026.

Outlook and guidance

  • The industry is shifting from scale-driven to quality-driven growth, with a focus on refined management and core city operations.

  • AI applications have been launched in over 50% of projects to enhance efficiency and risk control.

  • Management remains confident in achieving healthy cash flow for the full year.

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Frequently asked questions

S-Enjoy Service Group Co Limited is a property management company that provides a range of services to residential and commercial properties. Its offerings include security, cleaning, landscaping, repair and maintenance, and customer service support. The company also delivers value-added services such as community event organization, home-related services, and assistance with property leasing and sales. S-Enjoy Service Group Co Limited operates across various regions in China, managing a portfolio that includes high-rise apartments, office buildings, and mixed-use developments. The company is headquartered in Zhengzhou, China, and its shares are listed on the HKEX.