棕榈股份披露2025年半年报：政策赋能主业，多维举措促发展

Core Viewpoint - The report highlights that Palm Holdings has focused on its core business development, achieving stable revenue while narrowing losses in the first half of 2025, with a revenue of 1.625 billion yuan and a net loss of 273 million yuan, a 24.73% improvement compared to the previous year [1] Group 1: Financial Performance - In the first half of 2025, Palm Holdings achieved an operating income of 1.625 billion yuan, representing a year-on-year growth of 2.77% [1] - The net profit attributable to shareholders was a loss of 273 million yuan, which is a 24.73% reduction compared to the same period last year [1] Group 2: Policy and Market Environment - The urban renewal strategy in China is experiencing a period of intensive policy support, with significant investment in urban renewal projects maintaining a high level, estimated in the trillions of yuan [2] - As of May 2025, over 19,000 key engineering project plans have been released across 24 provinces and cities, with a total investment of 57.5 trillion yuan [2] Group 3: Project Development - Palm Holdings is steadily implementing its key project, the "Two Institutes and One Center" project, which has reached a significant construction milestone with the main structure completed in July [3] - The acceleration of major projects nationwide is expected to create new growth opportunities for Palm Holdings in the urban renewal sector [3] Group 4: Operational Efficiency and Debt Management - In the first half of 2025, Palm Holdings successfully reduced management expenses by 27.03% and optimized its financing structure, leading to a decrease in overall financing costs [5] - The company plans to use 71 properties, valued at approximately 102.74 million yuan, to settle engineering payments, which will alleviate financial pressure and improve asset allocation [5] - These measures reflect the company's proactive approach to industry fluctuations and aim to create a healthier financial environment for future business expansion [5]