CG Services posts 5.7% revenue growth to RMB 24.5 billion in first half, with new contract annualized income exceeding RMB 1.3 billion as it accelerates non-residential expansion

Deep News
Yesterday

CG SERVICES (HK: 6098) unveiled its latest interim results on August 26, presenting a performance scorecard defined by steady revenue scale and enhanced profitability. During the first half of 2026, against a backdrop of sustained industry pressure, the company delivered consistent top-line growth, with revenue climbing 5.7% year-on-year to RMB 24.5 billion. Gross profit and attributable core net profit both trended upward, with gross profit rising 3.3% to RMB 4.44 billion and attributable core net profit advancing 3.2% to RMB 1.62 billion.

At the same time, the company's market-driven expansion capabilities continued to strengthen, as it signed and commenced operations on over 600 new projects. Newly signed annualized contract income reached approximately RMB 1.32 billion, marking a robust 53% year-on-year increase. The urban focus of newly acquired projects has sharpened, with several benchmark developments successfully secured, including Beijing Landiao International Community, Hangzhou Hangchen Xingwanli, and Shanghai Dongfang Haoyuan, achieving breakthroughs in large-scale commercial residential complexes, district-level coverage, and high-end villa segments, respectively.

CG SERVICES has also comprehensively upgraded its non-residential business and recently unveiled a dedicated commercial and enterprise brand that has drawn significant industry attention. The commercial enterprise division is precisely targeting four key tracks: integrated facility management (IFM), industrial parks, hospital and campus services, and aviation ground services. Its service network currently spans over 20 airports and more than 70 industrial parks, with IFM projects extending across over 10 provinces and municipalities nationwide, establishing a comprehensive multi-sector integrated facility management service landscape. Industry analysts suggest that the commercial enterprise division's strategy is clearly defined and operationally robust, opening up a promising incremental market for CG SERVICES.

While maintaining scale expansion, community value-added services continue to emit positive signals, demonstrating strong operational resilience and customer loyalty. In the first half, revenue from community value-added services reached approximately RMB 2.308 billion, up about 18.3% year-on-year, representing roughly 9.4% of total revenue.

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