China Overseas Property Holdings Limited (COPL) released unaudited interim results for the six months ended 30 June 2026.

• Top-line resilience: Revenue edged up 4.5% year on year to RMB 7.48 billion, driven by a 9.4% rise in property-management income to RMB 6.20 billion, which now accounts for 82.9% of total turnover.

• Profit pressure: Gross profit slipped 8.0% to RMB 1.11 billion as gross margin contracted to 14.9% from 16.9%, reflecting higher labour and operating costs. Profit attributable to shareholders declined 9.0% to RMB 0.70 billion, pushing average ROE down to 23.2% from 28.8%.

• Segment dynamics: – Property-management services generated RMB 6.20 billion; margin fell to 13.0% (1H25: 15.4%). – Value-added services revenue dropped 14.2% to RMB 1.26 billion, with both non-resident (–14.6%) and resident (–13.7%) sub-segments weaker amid a softer real-estate market. – Car-park trading contributed RMB 25.39 million, down 7.0%.

• Portfolio growth and mix: COPL secured 37.0 million sq m of new gross floor area (GFA), 85.9% from third parties and 76.8% from non-residential projects. Net of 19.2 million sq m of expired or withdrawn mandates, total GFA under management grew 3.7% since year-end to 495.4 million sq m, with third-party projects representing 43.3% and non-residential assets 33.4%.

• Cash and leverage: Cash and bank balances stood at RMB 5.73 billion, down 8.6% from end-2025, while net working capital reached RMB 5.58 billion. All bank borrowings were repaid; only a short-term HKD 35 million (RMB 30.4 million) intra-group loan remained outstanding.

• Dividend uptick: The Board declared an interim dividend of HK 10.0 cents per share, an 11.1% increase versus last year, payable on 5 October 2026 to shareholders on record as of 17 September 2026.

Management signalled continued focus on “stabilising growth, improving quality and promoting innovation” as the group embarks on its “15th Five-Year” plan while navigating a transitioning property-services market.