Yuexiu Services has released its interim results for the 2026 fiscal year, covering the six-month period ending June 30. The company recorded total operating revenue of RMB 1.915 billion during the reporting period, reflecting a year-on-year decrease of 2.4%. The overall gross margin remained stable at 21.5%, while profit attributable to shareholders reached RMB 224 million, down 6.6% compared to the prior year.
The revenue structure of Yuexiu Services continued to undergo optimization during the first half of the year. Revenue from core property management services grew by 17.3% to RMB 840 million, with its share of total revenue expanding to 44%. When combining basic property management with commercial operations and management services, revenue reached RMB 1.131 billion, representing a 10.1% year-on-year increase and accounting for 59% of total revenue.
In the value-added services segment, community-based value-added services generated RMB 406 million in revenue during the period. Company management stated that the firm will leverage its community proximity advantages and the trust of property owners to stimulate community living service consumption, tap into the upgrade demand for existing residential properties, and continue developing self-operated brands. These efforts aim to transform value-added services toward operational and livelihood-oriented models, providing owners with higher quality, more convenient, and more affordable living services.
The company's market expansion accelerated notably in the first half of the year, with newly contracted area reaching 10.42 million square meters, a substantial 74.8% increase year-on-year. Leveraging its newly established non-residential business division, Yuexiu Services successfully secured multiple high-value projects, including landmark contracts such as the Wuxi Xiashan International Cultural and Tourism Center, the Hangzhou Fushang/Xingshang Towers, the Guangzhou-Shenzhen Intercity Railway, and the Guangzhou Commercial Center.
Looking ahead, management indicated that the company will focus on four premium market segments: government agencies, corporate headquarters and industrial parks, financial institutions (banks), and universities. At the same time, it will extend its reach into specialty business formats including hospitals, museums, and parks. The strategy involves maintaining rigorous admission standards to ensure quality, concentrating on core markets to increase density, and deepening business format potential to enhance market presence.
As of June 30, the total management area under Yuexiu Services reached 79.82 million square meters, up 8.6% from the end of 2025. Of this total, 94% is located in first- and second-tier cities, with the Greater Bay Area accounting for 63%. The company serves 340,000 property owners. During the reporting period, the company added 11.29 million square meters of managed area while proactively exiting low-efficiency projects totaling 4.94 million square meters, continuously optimizing its portfolio of managed properties.
As of the end of June 2026, Yuexiu Services held cash and time deposits of RMB 4.97 billion, representing an increase compared to the end of 2025. Operating cash flow recorded a net inflow of RMB 103 million in the first half. The interim dividend payout ratio stood at 60%, an increase of 10 percentage points compared to the same period last year, with earnings per share dividend of RMB 0.089, up 12.1% year-on-year.