Suxin Joyful Life Services (2152) H1 2026 earnings summary

Executive summary

• H1 2026 revenue rose 6.7% YoY to RMB518.6m; gross profit increased 10.6% to RMB91.5m and profit for the period rose to RMB36.2m from RMB33.9m.

• Contracted projects reached 202, with 29.6m sq.m. of contracted GFA, up 4.6% YoY; 194 managed projects covered 27.61m sq.m.

Financial highlights

• Revenue was RMB518.6m versus RMB485.9m; cost of sales increased to RMB427.1m from RMB403.1m, reflecting new projects and related costs.

• Gross profit was RMB91.5m versus RMB82.8m; profit before tax was RMB48.6m versus RMB46.8m, and profit attributable to owners was RMB34.8m versus RMB34.4m.

• Other income and gains fell to RMB1.8m from RMB6.6m; other expenses rose to RMB5.0m from RMB1.4m, mainly due to exchange losses and lower investment-property valuation.

• Operating cash flow was an outflow of RMB95.2m versus RMB48.2m; higher trade receivables were a principal working-capital drag.

Outlook and guidance

• Strategy targets full Jiangsu coverage, further Yangtze River Delta expansion, stronger service standards and continued project wins.

• H2 priorities include labor and procurement cost control, regional integration, unattended operations, charging-pile services, and repair and renovation offerings.

• Digital plans include smart-property applications and AI robot pilots for fire surveillance, cleaning, security patrols, parcel delivery and customer service; a demonstration project is planned at Taihu Embodied Intelligence Industrial Park.