China Merchants Property Operation H1 Revenue RMB9.77 Billion, Net Profit RMB487 Million
China Merchants Property Operation reported H1 2026 revenue of RMB9.771 billion, up 6.64% year-on-year. Net profit excluding non-recurring items rose 5.23% to RMB487 million. Property management revenue grew 7.02% to RMB9.478 billion, with new annual contracts of RMB2.093 billion, including RMB2.031 billion from third-party projects, up 28%. At end-June, the company managed 2,599 properties covering 407 million sq m, including 73 commercial projects with 3.95 million sq m. Held properties totaled 468,900 sq m rentable area at a 94% occupancy rate.
China Merchants Property Operation released its interim report for the first half of 2026. During the reporting period, the company achieved operating revenue of RMB9.771 billion, an increase of 6.64% from the same period in 2025. Net profit attributable to shareholders of the listed company, excluding non-recurring gains and losses, was RMB487 million, up 5.23% year-on-year.
In the first half of 2026, property management business revenue reached RMB9.478 billion, a 7.02% rise from the year-earlier period. Newly signed annual contract value amounted to RMB2.093 billion, of which third-party projects contributed RMB2.031 billion, up 28% year-on-year. As of the end of June 2026, the company managed 2,599 property projects with a total managed area of 407 million square meters.
As of the end of June 2026, the company managed 73 commercial projects (including projects under preparation), covering 3.95 million square meters. The company's owned properties had a total rentable area of 468,900 square meters, with an overall occupancy rate of 94%.
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