China's Jinmao Property Services interim revenue up on newly delivered projects

Jinmao Property Services

24/08/2026 11:54

Overview
China property services firm's interim revenue rose 5.8% yr/yr for six months ended June
Company declared interim dividend up 23% yr/yr

Outlook
Jinmao Property Services will upgrade integrated business-finance, shared-services, dispatch and AI inspection systems
Company expects to fund 2026 capital expenditure mainly through operating working capital

Result Drivers
PROPERTY MANAGEMENT GROWTH - Revenue from property management services increased 4.8%, mainly attributable to business growth from newly delivered and newly expanded projects
COMMUNITY VALUE-ADDED SERVICES - Revenue from community value-added services increased 13.4%, driven by growth in community living services and interior decoration services
LOWER-MARGIN MIX – Gross margin fell to 18.3% from 22.5% as project exits, quality investments and a greater lower-margin business mix raised costs

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 1.89 bln
 
H1 Net Income Attributable
 
RMB 165.30 mln
 

Analyst Coverage
The one available analyst rating on the shares is "strong buy"
The average consensus recommendation for the real estate services peer group is "buy."
Wall Street's median 12-month price target for Jinmao Property Services Co Ltd is HK$4.65, about 89.8% above its August 24 closing price of HK$2.45
The stock recently traded at 4 times the next 12-month earnings vs. a P/E of 5 three months ago

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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.)