China's Poly Property Services H1 revenue rises 5.2% on property management services growth

Poly Property Services

25/08/2026 05:12

Overview
China property manager's H1 revenue rose 5.2% yr/yr, led by property management services growth
Net profit attributable to owners increased 4.8% yr/yr
Gross and net profit margins declined slightly from a year earlier

Outlook
Poly Property Services will launch its high-fidelity quality-based good community plan to strengthen customer response and fee collection
Company will deepen IFM capabilities for commercial clients and expand production-oriented services for strategic emerging industries

Result Drivers
PROPERTY MANAGEMENT EXPANSION - Co said revenue growth was mainly driven by expansion of GFA under management and more projects under management
THIRD-PARTY PROJECTS - Co said newly expanded third-party projects contributed significantly to business scale expansion
VALUE-ADDED SERVICES DECLINE - Co said revenue from value-added services to non-property owners and community value-added services decreased sharply yr/yr

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 8.83 bln
 
H1 Net Income Attributable
 
RMB 933.50 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 2 "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 Poly Property Services Co Ltd is HK$38.90, about 40% above its August 24 closing price of HK$27.78
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

Reuters Recommended Reads
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
Aug 23 - China's property crisis grinds on after Evergrande sentencing

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Press Release s3://eap-prd-eu-west-1-source-content/eap_feed_proxy/fingerpost/HKSW/2026-08-25/dbf053f8-6d23-4fda-88da-930f6b386f1a.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.)