Zhong An Intelligent Living Service Limited (“ZHONGAN SERVICE”) released its unaudited results for the six months ended 30 June 2026.

Financial performance • Revenue climbed 10.9% year on year to RMB237.97 million, driven mainly by a 263.7% surge in community value-added services to RMB49.84 million. • Gross profit edged down 6.9% to RMB60.97 million; gross margin declined to 25.6% from 30.5%, reflecting a sharp mix shift toward lower-margin community services and higher service-quality costs. • Profit for the period decreased 14.5% to RMB9.32 million, while profit attributable to shareholders dropped 22.5% to RMB8.85 million. • Basic and diluted EPS fell to RMB1.66 cents from RMB2.21 cents.

Segment highlights • Property management services remained the core contributor at 76.8% of revenue, though sales slipped 2.0% to RMB182.75 million amid a 7.9% reduction in gross floor area under management to 19.06 million sq m following the exit of low-efficiency projects. • Revenue from value-added services to developers fell 62.3% to RMB5.38 million, reflecting lower sales-office and pre-delivery inspection activity. • Community value-added services expanded to 20.9% of total revenue, led by common-area management initiatives.

Cost structure and expenses • Cost of sales rose 18.8% to RMB176.99 million, outpacing revenue growth due to heightened service-quality spending and expanded community offerings. • Administrative expenses declined 12.7% to RMB33.50 million after cost-control measures, reducing the expense ratio to 14.1% (1H25: 17.9%). • Net impairment losses on financial assets increased 40.0% to RMB14.71 million amid a softer fee-collection environment.

Balance-sheet metrics • Total assets increased 8.2% since 31 December 2025 to RMB591.97 million; net assets grew 11.0% to RMB354.81 million, lifting net asset value per share to RMB0.65. • Cash and cash equivalents stood at RMB169.38 million (-1.5% versus year-end 2025). • Interest-bearing bank borrowings totaled RMB28.05 million, translating into a low gearing ratio of 7.9%. • Current ratio improved slightly to 2.8x (31 Dec 2025: 2.7x).

Operational snapshot • Contracted projects numbered 136, covering 20.34 million sq m across 21 cities and eight provinces; 131 projects (19.06 million sq m) were under management. • Residential properties contributed 69.2% of property-management revenue, while non-residential assets (commercial, office, public facilities) accounted for 30.8%. • Projects developed by Zhong An Group supplied 67.9% of property-management turnover.

Dividends and outlook • A final dividend of RMB1.49 cents per share for FY-2025 (total RMB8.08 million) was approved on 4 June 2026; no interim dividend was declared. • Management will concentrate on quality-based expansion in the Yangtze River Delta, deepen cost optimisation through digital tools and centralised procurement, and broaden lifestyle-oriented community services while maintaining a low-gearing capital structure.