Runhua Living Service Group Holdings (2455) H1 2026 earnings summary

Executive summary

• H1 2026 revenue rose 10.7% YoY to RMB488.6m; net profit increased 107.33% to RMB45.0m, including a RMB23.0m subsidiary-disposal gain.

• Property management contributed 95.9% of revenue, with hospitals and other non-residential properties central to the business mix.

• Cash and cash equivalents were RMB148.1m; operating cash flow was negative RMB5.1m and investing cash flow was RMB79.7m.

Financial highlights

• Revenue rose to RMB488.6m from RMB441.4m; gross profit increased 6.28% to RMB66.4m.

• Profit before tax increased 85.0% to RMB51.3m; profit for the period rose 107.3% to RMB45.0m, including the RMB23.0m disposal gain.

• Net profit attributable to owners was RMB45.0m versus RMB21.7m; basic and diluted EPS rose to RMB0.15 from RMB0.07.

• Cost of services increased 11.4% to RMB422.2m, alongside deployment of frontline staff and subcontractors for new property management projects.

Outlook and guidance

• Strategy centers on core strengths, diversified growth channels and smart services, with organic expansion, M&A, partnerships and competitive bidding.

• Expansion plans target Shandong, the Yangtze River Delta and Beijing-Tianjin-Hebei; priorities include value-added services and high-quality commercial property leasing.

• HK$59.1m in unutilized global offering proceeds at 30 June 2026 was planned for use by end-2028 on investment opportunities, technology, staff incentives and regional expansion.