Hongyang Service (01971) announced interim results. Profit attributable to equity holders of 4.951 million yuan decreased by 79.75% year over year

According to the Zhitong Finance App, Hongyang Service (01971) announced its 2026 interim results, with revenue reaching approximately $514 million, an increase of 0.7% over the previous year. Profit attributable to equity holders of the company was RMB 4.951 million, a year-on-year decrease of 79.75%; profit per share was 0.01 yuan.

On June 30, 2026, the group signed a construction area of about 47.4 million square meters, a decrease of about 5.0% from the construction area signed on June 30, 2025, of which the construction area under management was about 44.4 million square meters, down about 7.9% from the construction area managed on June 30, 2025.

In the first half of 2026, the company implemented a strategy of deep regional cultivation and established a trinity expansion system of neighborhood fission, deep exploration of old customers, and full staff expansion. Relying on existing residential project resources, we have successfully transformed many high-quality residential projects in the Yangtze River Delta to consolidate the basic housing market; explore in depth the stock of hospital and bank cooperative customers to achieve multiple project recovery and incremental growth with customers; simultaneously mobilized all staff to attack public construction tracks and land on various benchmark projects such as hospitals, industrial parks, energy plants, and state-owned enterprises. The balanced expansion of multiple channels and multiple business formats effectively diversifies business risks and continuously enhances regional market share and business resilience.