China's Greentown Service H1 profit rises 15% on higher property services income

Greentown Service

21/08/2026 09:48

Overview
China property services provider's half-year revenue rose 6.3% yr/yr
Net income attributable to shareholders grew 15.2% yr/yr for the half-year
Company resolved not to declare an interim dividend for the period

Outlook
Company did not provide specific guidance or outlook for future periods

Result Drivers
PROPERTY SERVICES GROWTH - Property-services revenue rose 10.1% - and accounting for 74% of total revenue- as managed gross floor area increased 8.2%
COMMUNITY SERVICES DECLINE - Community living services revenue fell 6.7%, reflecting focused product categories and the domestic real-estate market's effect on asset-management services
GROSS MARGIN IMPROVEMENT - Gross profit margin rose to 20.0%, up 0.5 percentage point from the prior yr

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 9.87 bln
 
H1 Net Income Attributable
 
RMB 706.30 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", no "hold" and no "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 Greentown Service Group Co Ltd is HK$6.00, about 44.4% above its August 20 closing price of HK$4.16
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago

Reuters Recommended Reads
Aug 20 - China's Binjiang Service Group H1 revenue rises 13.5% on property management strength
Aug 20 - China Overseas Property H1 profit falls on higher labor costs
Aug 20 - Hong Kong's Henderson Land H1 underlying profit rises on property sales

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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.)