63 Listed Property Managers Post RMB153.35 Billion First-Half 2026 Revenue

As of September 13, 2026, 63 of the 65 listed property-services companies on the A-share and H-share markets had published first-half 2026 results, including all six A-share listed property-services companies and 57 H-share companies. The 63 companies that disclosed half-year results recorded combined revenue of RMB153.347 billion in the period. Nine companies each reported revenue of RMB5 billion or more, contributing a combined RMB101.792 billion, or 66.4% of the industry total, from 14.3% of the companies. The nine include Country Garden Services, China Resources Mixc Lifestyle and Poly Property.

On the A-share market, China Merchants Property Operation reported first-half revenue of RMB9.771 billion, up 6.64% from the same period in 2025. Its property-management business generated revenue of RMB9.478 billion, up 7.02% from a year earlier. On the H-share market, Onewo, a subsidiary of Vanke Group, reported revenue of RMB19.112 billion for the period, up 5.38% year on year. Among the 63 companies that disclosed half-year results, six achieved double-digit revenue growth. Jingfa Property and Jianfa Property posted growth of 24.83% and 18.34% respectively, ranking first and second. Jingcheng Jiaye, Binjiang Service, Zhongan Smart Life and Runhua Service all recorded revenue growth of more than 10%.

In basic property management, 52 companies derived more than 50% of their revenue from basic property-management services, accounting for 94.5% of the total. Among them, Zhongtian Service, Colour Life and Sunac Services each drew more than 94% of revenue from basic services. On the profit side, among the listed property companies that disclosed results, those with net profit attributable to shareholders above RMB500 million included China Resources Mixc Lifestyle, Country Garden Services, Poly Property, Onewo and Greentown Service. China Resources Mixc Lifestyle, Greentown Service and Jianfa Property each recorded year-on-year growth of more than 10%. Compared with the same period in 2025, 10 companies showed declining revenue alongside rising net profit; 14 companies increased revenue without increasing profit, with revenue rising but net profit falling; and 21 companies recorded declines in both revenue and net profit.

On gross margins, 49 of the 63 listed property companies maintained gross margins above 15%, accounting for 77.8%. Qifu Lifestyle Service ranked first among disclosing companies with a gross margin of 51.47%, followed by Xingsheng Commercial at 50.69% and China Resources Mixc Lifestyle at 38.05%.

On digital and intelligent transformation, several property companies disclosed progress in their half-year reports, with AI and robots entering service scenarios such as cleaning, inspection, customer service and security. China Merchants Property Operation's half-year report showed that the company deployed applications including AI video inspection and AI recruitment, expanded the coverage of inspection robots and built a human-machine collaborative operations model. Onewo's half-year report showed that the company deployed and applied AI agents at scale through its self-developed platform, with more than 3,495 agents currently in operation, consuming 232 billion tokens in the first half, while administrative expenses fell by RMB40 million year on year. Nandu Property's half-year report showed that in service projects in Zhejiang and East China, the company carried out scenario deployment and iterative testing of cleaning, security and inspection service robots, and built multi-format intelligent pilot projects.