China's A-Living Smart City H1 profit falls on segment decline, project exits

A-Living Smart City Services

27/08/2026 12:27

Overview
China property management firm's H1 revenue fell 6.2% yr/yr
Net income attributable to shareholders declined 8.1% yr/yr for H1
Company declared interim dividend of RMB 0.05 per share

Outlook
Company says outlook for economic recovery remains uncertain amid geopolitical tensions
A-Living aims to develop a commercialized, market-oriented community-services model over the next three years through elderly-care services
Company says it is focusing on service quality and operational quality to address uncertainties

Result Drivers
SEGMENT REVENUE DECLINES - Revenue from all four major business segments fell, with property management services down 5.7%, property owners value-added services down 10.8%, city services down 5.7%, and extended value-added services down 27.2% yr/yr
PROJECT PORTFOLIO EXITS – Revenue fell 6.2% to RMB6.06 bln as A-Living phased out underperforming projects and contracted cyclical operations

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 6.06 bln
 
H1 Net Income Attributable
 
RMB 316.80 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the real estate services peer group is "buy."
Wall Street's median 12-month price target for A-Living Smart City Services Co Ltd is HK$2.10, about 13.8% above its August 27 closing price of HK$1.85
The stock recently traded at 3 times the next 12-month earnings vs. a P/E of 4 three months ago

Reuters Recommended Reads
Aug 26 - China's Country Garden Services interim profit falls on impairment losses
Aug 25 - China's Redsun Services H1 profit drops amid weakness in real estate sector
Aug 25 - China's Poly Property Services H1 revenue rises 5.2% on property management services growth

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)