Zhitong Finance App News, First Service Holdings (02107) announced that the Group's net profit for the six months ended June 30, 2026 (this period) is expected to be no more than RMB 28 million, while the net profit for the same period in 2025 is approximately RMB 39.6 million. The profit attributable to the Group's equity shareholders during the period is expected to be no more than RMB 21 million, while the profit attributable to equity shareholders of the Company for the same period in 2025 is approximately RMB 28.2 million. This reduction is mainly due to the Group's active optimization of its project portfolio and the orderly release of a number of projects with low gross margins, which led to a decrease in revenue, while operating costs did not decrease proportionately in the short term, resulting in a decrease in gross profit.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.