Central China New Life posts profit growth despite revenue dip in first half

Central China New Life Limited announced interim results for the six months ended June 30, 2025, with revenue of RMB1,433.8m, a 3.3% decrease from RMB1,482.9m in the corresponding 2024 period. Despite this, net profit rose by 2.8% to RMB112.2m from RMB109.2m. Profit attributable to shareholders also increased by 2.7% to RMB106.2m. Basic earnings per share remained consistent at RMB0.08.

The company will pay an interim dividend of HK$0.033 per share, to be distributed on October 16, 2025. This is a decrease from the HK$0.1059 per share paid in the corresponding 2024 period. Director changes effective 2025 include the resignations of Mr. Shi Shushan and Ms. Dai Jiling, with Mr. Wang Jun appointed as chief executive and Mr. Guo Liyuan as an executive director and chief financial officer.

Property management services revenue saw a 1.8% increase, reaching RMB1,154.3m. However, community value-added services revenue decreased by 14.6% to RMB251.2m, and value-added services to non-property owners dropped by 48.8% to RMB28.2m. Total gross floor area under management grew by 1.7% to 200.1m sq.m. The company repurchased 138,000 shares for HK$150,500 during the period.