Sunac Services interim revenue falls on asset disposal

Sunac Services Holdings

25/08/2026 13:26

Overview
China property management firm's interim revenue fell 9% yr/yr, mainly due to asset disposal
Net income attributable to owners rose 2% yr/yr, aided by reduced expenses and impairment losses
Company lowered administrative expense ratio to 6%, down 1.2 percentage points yr/yr

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

Result Drivers
ASSET DISPOSAL - Co said revenue and gross profit fell mainly due to disposal of Zhangtai Services in 2025
COST SAVINGS - Co said ongoing management optimization and efficiency improvements reduced administrative expenses
LOWER IMPAIRMENT LOSSES - Co said impairment losses on financial assets fell, helped by faster repayment rates from third-party property owners

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 3.22 bln
 
H1 Net Income Attributable
 
RMB 124 mln
 

Analyst Coverage
The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy", 1 "hold" and 3 "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 Sunac Services Holdings Ltd is HK$0.88, about 0.6% above its August 25 closing price of HK$0.87
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 Greentown Management H1 revenue rises 7% on project expansion
Aug 25 - China's Poly Property Services H1 revenue rises 5.2% on property management services growth
Aug 24 - Yuexiu Services' H1 revenue falls amid property sector slowdown

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Press Release s3://eap-prd-eu-west-1-source-content/eap_feed_proxy/fingerpost/HKSW/2026-08-25/84cbba2a-c9d8-4eed-8bc1-2848337be43f.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.)