Chin Hin Group Property Bhd (CHGP) delivered a stronger performance in the first quarter ended March 31, 2026 (1QFY2026), supported by consistent construction progress, disciplined execution and robust operating cash flow generation across its property development portfolio.
The group recorded revenue of RM241.7 million, representing a 15.6% increase from RM209.0 million in the same quarter last year. Net profit attributable to shareholders rose to RM14.1 million compared with RM11.7 million previously, mainly due to lower non-controlling interests. Profit before tax (PBT) remained broadly stable at RM23.9 million versus RM24.5 million a year earlier.
The slight decline in PBT was attributed mainly to one-off professional fees related to recent corporate and financing exercises. Excluding these non-recurring costs, underlying operational performance was steady, indicating resilient core earnings momentum.
Property development continued to be the group’s primary earnings driver, contributing 96.4% of total revenue. Segment revenue grew 24.5% to RM233.1 million, supported by sustained construction progress and steady billings from key projects.
Performance was led by Quaver Residence, which is nearing completion, alongside ongoing contributions from Ayanna Residences, Residensi Andalan, and Solarvest Tower. These developments continue to provide strong visibility for near-term earnings recognition.
CHGP also reported strong cash flow generation, with net operating cash flow reaching RM91.1 million during the quarter. This was driven by improved receivables collection and higher progress billings. The group’s cash position strengthened to RM89.7 million.
At the same time, CHGP continued to improve its financial position, with total liabilities declining to RM865.6 million from RM966.6 million at the end of 2025. This reflects disciplined working capital management and ongoing balance sheet strengthening.
Group chief executive officer Chang Tze Yoong said the results reflected consistent execution across projects and a continued focus on cash flow conversion. He highlighted that the group remains focused on turning its RM2.2 billion unbilled sales into earnings and cash flow.
He added that priorities for FY2026 include timely project delivery, maintaining cash flow discipline and ensuring product relevance in the market. The group also plans to leverage collaboration within the broader Chin Hin ecosystem to improve execution efficiency, optimise costs and strengthen customer confidence.
Reflecting its strong cash position, the board declared an interim dividend of 1.0 sen per share, with entitlement on July 1, 2026 and payment scheduled for July 15, 2026.
Beyond ongoing developments, CHGP continues to expand its landbank in strategic locations, with RM261.0 million in approved and committed capital expenditure. This includes a RM91.0 million land acquisition in Seri Kembangan, which became unconditional in April, as well as ongoing acquisitions in Segambut and Kota Damansara.
The group’s commercial vehicles and bodyworks segment remained under pressure, recording revenue of RM8.5 million and a loss before tax of RM1.17 million due to weaker market conditions. Following the mutual termination of a proposed disposal in January, the segment is being managed cautiously while strategic options are reviewed.
Overall, CHGP said it remains positioned for operational resilience, supported by its healthy unbilled sales pipeline, improving balance sheet and integration within the wider Chin Hin Group ecosystem.
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