FIRST SERVICE (02107.HK): Expects H1 Net Profit of No More Than RMB 28 Million

NewTimeSpace · 2026/08/17 17:22 · By Boyuan Chen

NewTimeSpace News: On 17 August 2026, FIRST SERVICE (02107.HK) issued a profit warning, expecting H1 net profit of no more than RMB 28.0 million (versus approximately RMB 39.6 million a year earlier) and profit attributable to equity shareholders of no more than RMB 21.0 million, weighed by lower revenue from exiting low-margin projects amid sticky operating costs.

NewTimeSpace News: On 17 August 2026, First Service Holding Limited (stock code: 02107) issued a profit warning, expecting a net profit of no more than RMB 28.0 million for the first half of 2026, versus approximately RMB 39.6 million in the prior-year period; profit attributable to equity shareholders is expected to be no more than RMB 21.0 million, versus approximately RMB 28.2 million a year earlier.

The announcement attributed the decrease mainly to the Group's proactive optimisation of its project portfolio and orderly exit from certain projects with lower gross margins, which reduced revenue, while operating costs did not decline proportionally in the short term, resulting in lower gross profit. The interim results announcement is expected to be published in August 2026.

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FIRST SERVICE 02107.HK |Profit Warning