China's Greentown Management H1 revenue rises 7% on project expansion

Greentown Management Holdings

25/08/2026 13:10

Overview
China project management services provider's H1 revenue rose 7% yr/yr to RMB1.466 bln
Net profit attributable to owners increased 6% yr/yr to RMB271 mln
Selling, marketing and administrative expenses fell 7% yr/yr, reflecting improved cost control

Outlook
Greentown Management expects to maintain annual delivery scale of over 10 mln sqm
Company says order book supports stable operations over next several years
Greentown Management sees structural opportunities in urban renewal and land revitalization

Result Drivers
COST CONTROL - Selling, marketing and administrative expenses fell 7% yr/yr, reflecting improved expense management
PROJECT EXPANSION - Newly contracted projects' management fees reached RMB3.41 bln, ranking first in the industry
HIGHER FEE RATES - Fee rates for newly contracted projects outperformed industry average, with repeat mandates rising

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 1.47 bln
 
H1 Net Income Attributable
 
RMB 271 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the construction & engineering peer group is "buy"
Wall Street's median 12-month price target for Greentown Management Holdings Co Ltd is HK$2.80, about 62.8% above its August 25 closing price of HK$1.72
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 9 three months ago

Reuters Recommended Reads
Aug 25 - China's Poly Property Services H1 revenue rises 5.2% on property management services growth
Aug 24 - China's Jinmao Property Services interim revenue up on newly delivered projects
Aug 24 - Yuexiu Services' H1 revenue falls amid property sector slowdown

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

Press Release s3://eap-prd-eu-west-1-source-content/eap_feed_proxy/fingerpost/HKSW/2026-08-25/928f290d-9d1b-4084-888f-9aa72e116175.file
(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.)