Yuexiu Services Group (6626) investor relations material

Executive summary

• Revenue for the six months ended 30 June 2026 was RMB1,914.6 million, down 2.4% year-over-year, with non-commercial property management and value-added services contributing RMB1,576.0 million (down 1.0%) and commercial property management and operational services RMB338.6 million (down 8.5%).

• Gross profit margin increased slightly to 21.5% from 21.3% year-over-year.

• Net profit attributable to owners was RMB223.9 million, a decrease of 6.6% year-over-year; basic EPS was RMB0.15 (down from RMB0.16).

• GFA under management grew 8.6% to 79.8 million sq.m., and contracted GFA rose 5.6% to 95.0 million sq.m.

• Interim dividend of HKD0.103 per share (RMB0.089), with a payout ratio of 60%.

Financial highlights

• Cost of sales decreased 2.7% to RMB1,502.6 million, in line with revenue decline.

• Administrative expenses fell 5.6% to RMB135.8 million due to cost control and efficiency measures.

• Other income and gains, net, dropped 30.2% to RMB41.7 million, mainly due to lower interest income.

• Net profit margin was 12.3%, stable year-over-year.

• Cash and cash equivalents plus time deposits totaled RMB4,969.6 million at period end.

Outlook and guidance

• The company will focus on quality enhancement, operational efficiency, and digital transformation to drive sustainable growth.

• Plans to optimize project portfolio by exiting underperforming projects and focusing on core cities, especially the Greater Bay Area.

• Value-added services and digital intelligence integration are key growth drivers.