CHINA OVS PPT (02669) announced its interim results, with shareholders' profit amounting to 701 million yuan, a year-on-year decrease of 9.04%.

CHINA OVS PPT (02669) announced its interim results for the six months ending June 30, 2026. The group recorded revenue of RMB 7.485 billion, an increase of 4.52% year-on-year; the profit attributable to ordinary shareholders was RMB 701 million, a decrease of 9.04% compared to the previous year; earnings per share were 21.33 cents; and an interim dividend of 10 Hong Kong cents per share is proposed. The announcement stated that the property management market in the past six months continued to be influenced by the overall economic environment, with the entire industry facing challenges such as price reductions and contract terminations/non-renewals. In the face of severe challenges, the group maintained a prudent approach, flexibly responding to market risks and opportunities, successfully securing new orders amounting to 37 million square meters, of which 85.9% came from independent third parties. The total amount of new contracts reached approximately RMB 2.145 billion. Meanwhile, the group continued to manage loss-making projects and optimize its business structure, balancing trade-offs between scale and benefits, resulting in 19.2 million square meters of projects nearing completion or cancellation. As of June 30, 2026, the managed area increased by 3.7% or 17.8 million square meters compared to the end of last year, reaching 495 million square meters (4.78 million square meters as of December 31, 2025).