Greentown Service Group Co. Ltd.
綠城服務集團有限公司

2026 Interim Report

Revenue recorded as RMB 9,870.9 million with 6.3% Increase
Profit attributable to equity shareholders of the Company surged by 15.2% to RMB 706.3 million 
 

 

The Group is a leading happy living service provider nationwide. The main business scope covers property services, community living services and consulting services. The Group always adheres to the concept of “Service Makes Life Better”, and the strategic goal of the Group is to become the most valuable and happy living service provider in China. The Group adheres to the customer-oriented and quality-oriented service strategy, the development strategy on humanoriented technological synergy, the business strategy of improving the lean operation efficiency, and the original intention of service and service innovation. The Group will complete the same goal with employees, grow together with the property owners, and make progress with the society.
 

During the Period, the Group achieved the following:

 

Revenue was RMB9,870.9 million, representing an increase of 6.3% y/y from the same period of 2025 that was RMB9,288.7 million.
 
The Group’s revenue arises from three business segments: (i) property services; (ii) community living services; and (iii) consulting services. During the Period: (i) property services was the largest revenue and profit contributor for the Group, the revenue from which reached RMB7,299.6 million, accounting for 74.0% of the overall revenue and representing an increase of 10.1% y/y from the same period of 2025 that was RMB6,632.9 million; (ii) as for community living services, the revenue amounted to RMB1,266.4 million, accounting for 12.8% of the overall revenue and representing a decrease of 6.7% y/y compared with the same period of 2025 that was RMB1,356.7 million; and (iii) as for consulting services, the revenue amounted to RMB1,304.9 million, accounting for 13.2% of the overall revenue and representing an increase of 0.4% y/y from the same period of 2025 that was RMB1,299.1 million.

 
Property services — accounting for 74.0% of total revenue and 59.2% of total gross profit
Property services remain as the Group’s largest revenue and gross profit contributor. The Group has been mainly adopting the overall rationing system for service charging. Based on our management experience and cost control capability over the past 20 years, property services continuously provide us with stable revenue and profit, as well as good reputation, and are the cornerstone of the Group’s implementation of its living service strategy. We will continue to strengthen our core fundamental services of “Security”, “Maintenance”, “Environmental” and “Greening”, while effectively integrating the service contents of the Group’s various product lines and empowering them with technology to drive the orderly and steady growth of this business segment. During the Period:
 
Revenue reached RMB7,299.6 million, representing an increase of 10.1% from the same period of 2025 that was RMB6,632.9 million. This was mainly due to the revenue growth brought by the steady growth of the managed GFA.
 
Gross profit reached RMB1,165.4 million, representing an increase of 14.5% from the same period of 2025 that was RMB1,017.8 million.
 
The managed GFA was 580.3 million sq.m., representing an increase of 8.2% from the same period of 2025 that was 536.3 million sq.m.. During the Period, through deepening expansion in the core cities, focusing on key regions and service formats, we have continuously strengthened and deepened the expansion of high-quality existing projects and increased the number and scale of projects delivered in the same year, and implemented the “Deep Service” system, leveraged technology empowerment through the integration of “Property + AI” to enhance efficiency, continued to elevate service quality and property owners’ service perception, thereby driving the steady growth of the managed GFA.
 
Reserved GFA, a major source of managed GFA, was 325.6 million sq.m. as at 30 June 2026, representing a decrease of 6.3% compared with 347.3 million sq.m. for the same period in 2025. We believe that only reserved GFA with quality assurance can lay a solid foundation for the sustained growth of the Group’s managed GFA. To this end, during the Period, we continued to carry out a prudent strategy for expanding into incremental markets. On the one hand, we strictly controlled the access thresholds for incremental projects, strengthened process-based and risk control over reserved GFA, and proactively exited certain reserved GFA in non-core cities with delivery risks, in order to minimize the potential project delivery risks. On the other hand, we continuously strengthened and deepened the development of high-quality existing projects within the cities and optimized project delivery control measures, providing effective support for quality-driven revenue growth of the Group.
 
Managed projects reached 3,882, covering 31 provinces, municipalities and autonomous regions and 194 cities in China.

Community living services — accounting 12.8% of total revenue and 18.4% of total gross profit
Community living services offer systematic product and service solutions based on the property owners’ needs of a better life scene. They are an extension of property services and an important area for us to build an ideal community that integrates “recreation”, “learning”, “joy” and “longevity”.
 
During the Period, revenue from community living services was RMB1,266.4 million, representing a decrease of 6.7% from RMB1,356.7 million for the same period of 2025, which was mainly due to the focused product categories of the community products and the impact of domestic real-estate market environment on property asset management services. Among them:
 
revenue from community products and services reached RMB616.2 million (accounting for 48.7% of the community living services’ total revenue), representing a decrease of 8.9% compared with RMB676.2 million for the same period of 2025;
 
revenue from home living services reached RMB126.7 million (accounting for 10.0% of the community living services’ total revenue), representing an increase of 3.0% compared with RMB123.0 million for the same period of 2025;
 
revenue from community space services reached RMB181.4 million (accounting for 14.3% of the community living services’ total revenue), representing an increase of 4.9% compared with RMB173.0 million for the same period of 2025;
 
revenue from property asset management services reached RMB289.9 million (accounting for 22.9% of the community living services’ total revenue), representing a decrease of 13.1% compared with RMB333.5 million for the same period of 2025; and
 
revenue from cultural and education services reached RMB52.1 million (accounting for 4.1% of the community living services’ total revenue), representing an increase of 2.1% compared with RMB51.0 million for the same period of 2025.
 
Gross profit reached RMB362.7 million, representing an increase of 0.6% as compared with RMB360.5 million for the same period of 2025.
 
Consulting services — accounting for 13.2% of total revenue and 22.4% of total gross profit
We continued to focus on the full life cycle of real estate, through the integration of high-quality resources, the construction of a standardized system and business innovation, and by fully leveraging our professional advantages in property services, we provided products and services in line with the service demands of customers at different stages, continuously creating and realizing the value for customers.
 
Revenue grew by 0.4% to RMB1,304.9 million, compared to the same period of 2025 that was RMB1,299.1 million.
 
Gross profit reached RMB441.0 million, representing an increase of 2.6% y/y from RMB429.8 million for the same period of 2025.