Fineland Living Services reported a swing to profitability for the six months ended 30 June 2026, posting a net profit of RMB 5.01 million versus a loss of RMB 6.52 million a year earlier. Profit attributable to shareholders reached RMB 8.39 million, compared with a RMB 6.00 million loss in the prior-year period.

Revenue slipped 4.5% to RMB 160.91 million, weighed down by a RMB 1.72 million decline in property-management income and a RMB 5.11 million drop in value-added services. Property-management fees remained the core contributor at RMB 145.73 million, while value-added services to non-property owners fell sharply to RMB 1.45 million.

Cost controls underpinned the turnaround. Service costs decreased 5.5% to RMB 127.62 million, administrative expenses contracted 12.2% to RMB 16.34 million, and impairment charges on financial assets dropped 68.8% to RMB 7.34 million. Consequently, net profit margin improved to 3.1% from –3.9% a year earlier.

Total assets stood at RMB 298.06 million at 30 June 2026, little changed from year-end 2025. Cash and bank balances totaled RMB 66.71 million, while the gearing ratio eased to 96% from 98%. The Group remained in a net current liability position of RMB 49.38 million, though improved from RMB 61.43 million at 31 December 2025. The Board flagged material uncertainty over going-concern status but noted shareholder support commitments and cost-saving measures.

No interim dividend was declared.

Subsequent Events: On 7 July 2026, controlling shareholders agreed to sell a 50.01% stake (200.04 million shares) to Yoncan Co., Ltd. at HK$0.14 per share, triggering a mandatory general offer. On 27 July 2026, Fineland Living Services entered into agreements to issue up to 370 million new shares at HK$0.14 each and 77 million warrants at HK$0.50 per share, subject to shareholder approval. Completion of these transactions is pending customary conditions.