CR Mixc Lifestyle Delivers 8.1% Revenue Growth and 10.3% Profit Rise in 1H 2026, Confirms Full-Payout Interim and Special Dividends

Bulletin Express
Aug 31

China Resources Mixc Lifestyle Services Limited (CR Mixc Lifestyle) reported solid interim results for the six months ended 30 June 2026, highlighting continued top-line expansion, margin improvement and a 100% distribution of core net profit to shareholders.

Financial Performance • Revenue reached RMB 9.22 billion, up 8.1% year on year. • Gross profit rose 10.8% to RMB 3.51 billion, lifting gross margin to 38.0% from 37.1% in the prior-year period. • Profit attributable to shareholders advanced 10.3% to RMB 2.24 billion; core net profit (non-HKFRS) increased 10.8% to RMB 2.23 billion. • Basic and diluted EPS stood at RMB 0.981. • An interim dividend of RMB 0.586 per share and a special interim dividend of RMB 0.391 per share were declared, equating to a full payout of core earnings.

Segment Highlights Commercial Management (40.1% of revenue) – Sales climbed 13.2% to RMB 3.70 billion; segment gross margin improved to 66.9%. – Shopping-mall revenue grew 15.2% to RMB 2.61 billion with a resilient 78.7% margin. – Office-building revenue increased 8.6% to RMB 1.09 billion; margin widened to 38.7%. – Operating portfolio expanded to 138 malls (15.14 million sq m) and 30 office buildings (2.08 million sq m).

Property Management (57.8% of revenue) – Revenue rose 3.4% to RMB 5.33 billion; gross margin softened to 18.3%. – Urban residential revenue totalled RMB 4.30 billion; managed GFA reached 281.04 million sq m across 1,451 projects. – Urban non-residential revenue advanced 9.0% to RMB 1.04 billion; managed GFA climbed to 141.11 million sq m over 456 projects.

Ecosystem Business (2.1% of revenue) – Revenue surged 87.8% to RMB 0.19 billion, mainly led by self-owned cosmetics sales; segment margin stood at 30.9%.

Cash and Balance Sheet • Total cash, restricted deposits and wealth-management deposits amounted to RMB 16.80 billion. • No interest-bearing debt was reported; the gearing ratio was 48.0%, up 2.0 ppts since year-end 2025, reflecting declared but undisbursed dividends. • Net current assets improved to RMB 8.98 billion.

Operational Developments • Retail sales at operating malls grew 21.7% to RMB 148.50 billion. • Expansion continued with three new malls opened and 12 projects added to the pipeline during the period. • Membership base exceeded 93.30 million; points issued increased 18.6%.

Outlook Management will pursue “extensional + organic” growth, emphasising core-city mall openings, deeper office-building partnerships with financial institutions, and selective M&A to enhance capabilities. Technology deployment, ESG initiatives and membership monetisation remain strategic priorities under the 15th Five-Year Plan.

Dividend Timetable Shareholders on record as of 14 September 2026 will receive the interim and special interim dividends on or around 26 October 2026. Payments default to HKD, with an RMB election option.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10