ZhongAn Service (02271) announced its interim results, with a profit attributable to shareholders of 8.85 million yuan, a decrease of 22.5% year-on-year.

ZhongAn Service (02271) has released its interim results for the six months ending June 30, 2026, reporting revenue of RMB 238 million, an increase of 10.9% year-on-year; gross profit of RMB 60.971 million, a decrease of 6.9% year-on-year; profit attributable to shareholders of the parent company of RMB 8.85 million, a decrease of 22.5% year-on-year; and earnings per share of 1.66 cents. During this reporting period, revenue from property management services reached approximately RMB 183 million, a decrease of about 2.0% compared to approximately RMB 187 million in the mid-2025 period. As of June 30, 2026, the Group managed a total gross floor area of approximately 19.1 million square meters, down from approximately 20.7 million square meters in mid-2025, representing a decrease of 7.9%. This reduction is primarily attributed to the company's proactive optimization of its business structure and enhancement of operational quality, including the active withdrawal from certain inefficient projects and the reallocation of resources to favorable regions and high-quality projects. Most of the company's property management service revenue is generated from services provided to properties developed by the remaining Group. As of June 30, 2026, the company had 64 managed property projects developed by the remaining Group, with a total managed gross floor area of approximately 10.2 million square meters.