Binjiang Service Group Co. Ltd. (“Binjiang Service”) reported solid interim results for the six months ended 30 June 2026.

Revenue climbed 13.5% year on year to RMB2.30 billion, driven by a 20.9% rise in property-management income to RMB1.40 billion (60.9% of total). Value-added services to non-property owners generated RMB243.46 million, up 13.7%, while 5S value-added services contributed RMB655.03 million, edging 0.4% higher.

Gross profit increased 4.9% to RMB477.27 million; the gross margin narrowed to 20.8% from 22.5% a year earlier, reflecting higher labour and service-quality investments. Net profit rose 5.4% to RMB322.07 million, with net margin at 14.0% (-1.1 ppt). Profit attributable to shareholders reached RMB315.00 million, lifting basic EPS to RMB1.14 (1H25: RMB1.08).

Operational scale expanded further: contracted GFA advanced 13.8% to 109.69 million sq m, while GFA under management surged 23.4% to 92.68 million sq m. Hangzhou remained the core market, representing 59.8 million sq m of managed space.

Balance-sheet highlights showed total assets of RMB5.38 billion (31 Dec 2025: RMB4.91 billion). Cash and cash equivalents stood at RMB750.77 million, down 15.7% from year-end due to increased allocation to higher-yielding products. The current ratio was 1.38 (31 Dec 2025: 1.49); interest-bearing debt was minimal at RMB2.90 million. Return on equity declined to 18.4% (31 Dec 2025: 35.6%), while gearing edged up to 0.40%.

Directors declared an interim dividend of HK$0.922 per share, representing a 70% payout of attributable profit; the distribution of HK$254.8 million is scheduled for 28 January 2027, with the record date set for 21 January 2027.

Management reiterated its strategy of “Focus on Hangzhou, deepen the Yangtze River Delta”, aiming for quality expansion, digital transformation and higher value-added service penetration. No material acquisitions or disposals occurred during the period, and capital commitments totalled RMB22.95 million at 30 June 2026.