China ComService Reports Interim Net Profit of RMB 1.97 Billion, Down 7.5% Year-on-Year

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China ComService (00552) has announced its interim results for the six months ended June 30, 2026, with operating revenue reaching RMB 74.48 billion, a decline of 3.2% compared to the same period last year.

The company's net profit stood at RMB 1.97 billion, marking a 7.5% year-on-year decrease (a 3.2% decline on a comparable basis). The gross profit margin was recorded at 10.0%, with the pace of decline showing signs of easing. On a comparable basis, the net profit margin remained broadly stable relative to the prior-year period.

The group has been actively tapping into the vast market potential of AI+, with revenue from the AI+ segment—covering AIDC and AI applications—growing 62% year-on-year during the first half, now contributing 10% of total operating revenue. In addition, the company has been advancing its "Six Major Spaces+" strategic initiatives, which include AIDC, AI applications, smart operations and maintenance for telecommunications services, dual-carbon solutions, distribution networks, and the low-altitude economy. New contract signings in these areas increased by 11% year-on-year, accounting for approximately 34% of total new contracts, serving as a core driver for the group's high-quality development.

To further enhance the stability, sustainability, and predictability of cash dividends, and to demonstrate confidence in its future prospects, the company has formulated a shareholder dividend return plan for the next three years. The payout ratio is set to increase steadily from 2026 to 2028, with a target of no less than 46% for the fiscal year ending December 31, 2028.

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