CC New Life reported interim results for the six months ended 30 June 2026:

• Revenue slid 11.0% year-on-year to RMB 1.28 billion, driven by lower contributions from both property management services (-4.3% to RMB 1.10 billion) and community value-added services (-32.8% to RMB 168.71 million).

• Gross profit contracted 13.6% to RMB 257.97 million; gross margin eased 0.6 percentage point to 20.2%.

• Net loss reached RMB 27.72 million versus a RMB 112.24 million profit a year earlier, mainly due to a RMB 232.45 million net impairment on financial assets (up RMB 160.80 million).

• Core net profit attributable to shareholders—excluding impairments, fair-value changes, disposal gains, share-based payments and tax effects—declined 3.9% to RMB 142.21 million.

• Cash and cash equivalents fell 55% to RMB 191.90 million; total assets stood at RMB 4.42 billion. Gearing edged up to 2.8% from 2.6%.

• Total GFA under management decreased 1.3% to 192.1 million sq m after the group exited several loss-making projects; newly signed projects added 3.4 million sq m during the period.

• No interim dividend was declared, compared with HK 3.3 cents per share a year earlier.

Management cited a weak domestic property market, subdued consumer demand and heightened credit-risk provisions for the swing to loss. The board signalled continued focus on service-quality upgrades, cost control, and selective project expansion in the second half.