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.
China Merchants Property Operation & Service Co LtdInterim results show slight profit growth but negative operating cash flow and low margins, mixed signals.
