Xi’an Kingfar Property Services Co., Ltd. (“Kingfar Property Services”) released its unaudited results for the six months ended 30 June 2026.

Financial performance • Revenue rose 24.83% year on year to RMB 588.54 million, driven mainly by growth in city-service and commercial-property segments. • Gross profit increased 10.90% to RMB 87.94 million; however, gross margin contracted to 14.94% from 16.82% a year earlier, reflecting higher cost of sales and a three-fold jump in impairment losses on receivables to RMB 12.74 million. • Profit for the period edged up 2.68% to RMB 32.96 million, translating to a net margin of 5.60% (H1 2025: 6.81%). Basic EPS improved to RMB 0.49. • Cash and cash equivalents fell 36.75% to RMB 281.77 million, largely due to RMB 70.07 million of capex—mainly new investment properties and car-park leases—and higher working-capital outflows. Net cash used in operating activities widened to RMB 85.91 million (H1 2025: RMB 53.75 million).

Segment highlights • City services contributed RMB 375.57 million, up 27.85%, representing 63.8% of total revenue. – Public-property management rose 23.63% to RMB 197.93 million. – Municipal value-added services nearly doubled to RMB 87.24 million, offsetting a 5.85% drop in municipal management fees. • Residential property management revenue grew 11.03% to RMB 115.07 million on expanded managed GFA. • Commercial property management revenue advanced 33.34% to RMB 96.56 million, with value-added services revenue more than doubling to RMB 38.17 million.

Operational metrics • Total contracted area reached 34.86 million sq m; area under management climbed to 34.32 million sq m across 243 projects, almost doubling year on year. • Staff headcount rose to 9,596 from 8,263 at end-2025, lifting staff costs to RMB 337.20 million (H1 2025: RMB 263.60 million).

Balance-sheet movements • Investment property and PPE increased 61.06% to RMB 170.39 million after purchasing retail units and parking assets. • Trade and other receivables expanded 26.03% to RMB 486.62 million due to settlement terms with property owners. • Trade and other payables declined 6.04% to RMB 552.09 million; contract liabilities rose to RMB 50.90 million in line with pre-collected fees. • Net current assets stood at RMB 168.53 million (31 Dec 2025: RMB 200.02 million); the group remains debt-free, leaving the gearing ratio at zero.

Dividend The board proposes an interim dividend of RMB 0.20 per share, totalling RMB 13.33 million, subject to shareholder approval at an EGM. PRC withholding-tax rates of 10%–20% will apply to non-resident investors per prevailing regulations.

Management outlook Management plans to deepen its presence in Northwest China, pursue selective M&A, expand urban-service coverage, and enhance digital capabilities and workforce professionalism to support scale growth and margin improvement in the second half of 2026.