China's Zhong Ao Home H1 profit falls, partly on higher administrative expenses

Zhong Ao Home

28/08/2026 12:03

Overview
China property management firm's H1 revenue rose 1.3% yr/yr to RMB911 mln
Net profit for H1 fell 3.9% yr/yr, gross profit and margin also declined
Company did not declare an interim dividend for the period

Outlook
Company did not provide specific guidance for the current quarter or full year

Result Drivers
PROPERTY MANAGEMENT PROJECTS - Co said revenue from property management business fell 0.8% due to decrease in number of projects
CLEANING & GREENING DEMAND - Co said cleaning and greening business revenue rose 9.4% due to increased demand for these services
LOWER SERVICE UTILISATION - Co said other income fell due to decline in utilisation rates for public area services amid financial uncertainty in the PRC
FOREIGN-EXCHANGE PRESSURE – Administrative expenses rose by about RMB4.1 mln, mainly due to adverse foreign-exchange movements

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 911 mln
 
H1 Net Income Attributable
 
RMB 55.9 mln
 

Reuters Recommended Reads
Aug 27 - China's A-Living Smart City H1 profit falls on segment decline, project exits
Aug 28 - China's Shimao Services swings to interim net loss as revenue falls
Aug 27 - China's Zhenro Services H1 revenue falls after property exits

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/2026-08-28/5ac2f017-16dc-40cd-9061-a1feb49eeec6.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.)