Changes in Hong Kong stocks | Country Garden Services (06098) rose more than 5% after performance, mid-term revenue of about 24.5 billion yuan, and the company's core business performance was solid

The Zhitong Finance App learned that Country Garden Services (06098) rose more than 5% after the results. As of press release, it had risen 5.47% to HK$5.78, with a turnover of HK$40.22,900.

According to the news, on August 26, Country Garden Services announced its 2026 interim results, with revenue of about 24.5 billion yuan, up 5.7% year on year; profit attributable to company shareholders was about 950 million yuan, down 4.6% year on year; core net profit attributable to company shareholders was 1,618.5 billion yuan, up 3.2% year on year; basic profit per share was 29.16 points. According to the announcement, revenue growth was mainly due to the Group's property management services, community value-added services, and “three for one industry” business all continuing to grow; as of June 30, 2026, in addition to the “three for one industry” business, the group's fee management area was about 1,096.4 billion square meters.

According to the CICC Research Report, the core business performance of Country Garden Services was solid. The large property sector (property management services, community value-added services and value-added services for non-owners), which accounted for 70% of the revenue volume, contributed more than 90% of the revenue increase while gross margin increased slightly by 0.2 percentage points year-on-year. Among them, property management services achieved 6% revenue growth and 7% gross profit growth, and community value-added services achieved 18% revenue growth and 12% gross profit growth. At the same time, a new annualized contract amount of 1.3 billion yuan was signed during the period, an increase of 53% over the previous year. In addition, the company also actively controlled expenses, and sales management expenses decreased by 9% year-on-year.