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China Merchants Property Operation & Service Co Ltd

China Merchants Property Operation & Service Co., Ltd. is involved in real estate development and management. It also provides property and asset management services, among others. The company was formerly known as AVIC SUNDA Holding Company Limited and changed its name to China Merchants Property Operation and Service Co., Ltd. in December 2019. Founded in 1985, it is headquartered in Shenzhen, China.

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Price · split & dividend adjusted
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China Merchants Property Operation & Service 2026 interim net profit 498 million yuan, up 0.15% year-on-year

China Merchants Property Operation & Service released its 2026 interim report, with total operating revenue of 9.771 billion yuan, up 6.64% year-on-year, and net profit attributable to the parent of 498 million yuan, up 0.15% year-on-year. Net cash flow from operating activities was negative 1.537 billion yuan, the asset-liability ratio was 46.14%, gross margin was 10.98%, and ROE was 4.55%. Diluted earnings per share were 0.47 yuan, total asset turnover was 0.48 times, and inventory turnover was 8.42 times. The number of shareholders was 21,700, and the top ten shareholders held 71.12% of total share capital.
Jiemian·23dRead more →
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Housing Provident Fund Management Regulations Receive Major Revision; Real Estate Services Concepts Strengthen Intraday

The State Council revised the Housing Provident Fund Management Regulations, bringing decoration and property management fees into the scope of withdrawals, and removing the threshold that required rent withdrawals from the housing provident fund to exceed a specified proportion of household wage income. Boosted by this news, on August 19 the real estate services sector rose 3.90% intraday, with Nacity Property up 10.00%, Shenzhen Special Economic Zone Real Estate and Properties Group up 6.49%, 5i5j up 6.48%, Zhongtian Service up 2.55%, and China Merchants Property Operation and Service up 1.74%. A research note from GF Securities pointed out that off-season pressure in the real estate services industry is gradually easing, the transaction area of new homes in 50 cities has turned from negative to positive year on year, the second-hand housing market is more active, and leading developers' price-to-book valuations are at historical lows, offering room for value recovery.
南方财经网·31dRead more →