An update from Redsun Services Group Ltd ( (HK:1971) ) is now available.

Redsun Services Group reported interim revenue of RMB513.8 million for the six months to 30 June 2026, a marginal 0.7% increase year on year, driven mainly by growth in community value-added services, which rose 15.0% to RMB91.28 million and now contribute 17.7% of total revenue. Core property management revenue, however, declined 1.8% to RMB412.4 million, and value-added services to non-property owners fell sharply, underscoring pressure on traditional business lines.

Profit for the period dropped 91.4% to RMB2.5 million, with gross profit slipping 2.4% and margin narrowing to 21.5%, reflecting a tougher operating environment and rising cost or mix pressures. The company’s contracted and managed gross floor area both shrank, down 5.0% and 7.9% respectively, while the board maintained its stance of not declaring an interim dividend, signaling a cautious approach to capital allocation amid weakening profitability.