CHIN Hin Group Property Bhd (CHGP) has delivering resilient growth, solid revenue expansion and robust cash flow generation for its 1Q FY2026 ended March 31, 2026 underpinned by disciplined execution and strengthened financial management.
For the quarter, the group chalked up a 20.2% year-on-year (yoy) net earnings growth to RM14.11 mil (1Q FY2025: RM11.74 mil) on the back of a 15.6% yoy revenue growth to RM241.67 mil (1Q FY2025: RM209.03 mil).
This outcome was mainly attributable to lower non-controlling interests while the group’s overall pre-tax profit level remained broadly stable at RM23.87 mil (1Q FY2025: RM24.48 mil) primarily due to one-off professional fees related to recent corporate and financing exercises.
Excluding these non-recurring costs, the group’s underlying operational performance remained strong and consistent.
The Property Development segment remained the group’s core earnings driver by contributing 96.4% of total revenue. Segment revenue soared 24.5% to RM233.1 mil, supported by sustained construction progress and steady billings across key projects.
Stellar growth
Growth was led by Quaver Residence which is approaching completion alongside consistent contributions from Ayanna Residences, Residensi Andalan and Solarvest Tower.
“The group’s performance this quarter reflects disciplined execution across our projects as we continue to focus on converting our RM2.2 bil in unbilled sales into earnings and cash flow,” commented CHGP’s group CEO Chang Tze Yoong.
“We had generated RM91.1 mil positive operating cash flow during the quarter while maintaining prudent working capital management.”
As the group progresses through its FY2026, its priorities remain centred on timely project delivery, cash flow discipline and maintaining product relevance, according to Chang.
“At the same time, we’ll continue to leverage closer collaborations within the Chin Hin ecosystem to enhance execution efficiency, optimise cost structures and strengthen customer confidence across our developments,” hr sdded.
As it is, CHGP has continued to reinforce its financial resilience and strengthened its balance sheet through prudent working capital management.
Net cash generated from operating activities stood at RM91.1 mil, driven primarily by improved receivables collection and progress billings.
As a result, the group’s cash and bank balances strengthened to RM89.7 mil while its total liabilities were reduced significantly to RM865.6 mil from RM966.6 mil as of end-2025.
Meanwhile, CHGP has continued to replenish its landbank in strategic and well-connected locations for future growth.
The group currently has RM261.0 mil in approved and committed capital expenditure, including the RM91 mil land acquisition in Seri Kembangan which became unconditional in April alongside on-going acquisitions in Segambut and Kota Damansara.
Elsewhere, the group’s Commercial Vehicles and Bodyworks segment recorded revenue of RM8.5 mil and a pre-tax loss of -RM1.17 mil amid softer market conditions.
Following the mutual termination of its proposed disposal in January, the group continues to manage the segment prudently while evaluating strategic options.
At 3.42pm, Chin Hin Group Property was down 2 sen or 1.89% to RM1.04 with 234,400 shares traded, thus valuing the company at RM1.44 bil. – May 22, 20236
