Greentown Management Shares Rise on Strong H1 Profit Growth and Dividend Outlook

Shares of Greentown Management Holdings (09979.HK) climbed more than 6% after the company announced positive first-half financial results, including growth in both revenue and net profit, and confirmed its ongoing high-dividend policy.

Strong First-Half Performance

According to the company's latest earnings report, Greentown Management achieved solid growth across key metrics for the first six months of the year. The results underscore the firm's stable operational performance.

Key financial highlights include:

• Revenue: Approximately CNY 1.47 billion, an increase of 7% year-over-year.
• Gross Profit: CNY 603 million, up 10% from the prior-year period.
• Net Profit Attributable to Owners: Roughly CNY 271 million, a 6% year-over-year increase.
• Net Cash Flow from Operations: Reached CNY 134 million, a significant 20% rise compared to the same period last year.

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Business Expansion and Shareholder Returns

Greentown Management declared an interim dividend of HKD 0.076 per share. The company also stated it expects its full-year dividend payout ratio for 2026 to be no less than 80% of net profit attributable to the parent company, continuing its policy of robust shareholder returns.

Operationally, the company expanded its project pipeline in the first half, securing new contracts with a total gross floor area (GFA) of approximately 13.52 million square meters. These new projects are expected to generate around CNY 3.41 billion in management fees, with 64.3% of that value coming from Tier 1 and Tier 2 cities. As of June 30, Greentown Management's total order backlog stood at a GFA of approximately 120 million square meters, providing a strong foundation for future earnings.