---
title: "Redsun Services Group’s Profit Slumps Despite Flat Revenue in First Half 2026"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296929693.md"
description: "Redsun Services Group reported a 91.4% drop in H1 2026 profit to RMB2.5 million, despite flat revenue of RMB513.8 million. Core property management revenue fell 1.8%, while community value-added services grew 15%. Gross floor area shrank, and the board withheld interim dividends due to margin pressure and cautious capital allocation."
datetime: "2026-08-25T14:11:59.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296929693.md)
  - [en](https://longbridge.com/en/news/296929693.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296929693.md)
generator: "portal-rs"
---

# Redsun Services Group’s Profit Slumps Despite Flat Revenue in First Half 2026

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.

**More about Redsun Services Group Ltd**

Redsun Services Group Limited is a Hong Kong-listed property management company incorporated in the Cayman Islands and traded under stock code 1971. The group focuses on property management services and community value-added services across its managed gross floor area portfolio in mainland China.

**Average Trading Volume:** 27,176

**Technical Sentiment Signal:** Sell

**Current Market Cap:** HK$149.4M

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**