绿城管理王俊峰：经营业绩逆市增长，核心竞争力升级驱动长期价值

Core Viewpoint - Greentown Management has demonstrated strong operational resilience and growth in a challenging market environment, achieving significant increases in key performance metrics during the first half of 2025 [3][4]. Financial Performance - In the first half of 2025, the company achieved new contract management fees of 5 billion yuan, a year-on-year increase of 19% [3]. - The new construction area reached 19.89 million square meters, up 14% year-on-year [3]. - Sales amounted to 41.9 billion yuan, reflecting a 2% increase compared to the same period last year [3]. - The company delivered an area of 4.65 million square meters, maintaining its position as the leader in the contract management industry [3]. - Operating net cash flow surged to 112 million yuan, a 45% increase year-on-year, while cash on hand grew by 8% to 1.644 billion yuan [3]. - The net profit attributable to shareholders was 256 million yuan, with a net profit margin of 19% and a gross profit margin of around 40% [3]. Strategic Initiatives - The company has implemented a mid-term dividend for the first time, distributing 0.076 yuan per share [3]. - Greentown Management focuses on product enhancement, sales empowerment, and quality delivery, optimizing management mechanisms and upgrading organizational capabilities [3][4]. - The company has delivered 45 projects in the first half of the year, accounting for 60% of the total delivery area among the top 10 companies in the contract management industry [4]. - It is projected that approximately 10 million square meters will be delivered in the second half of the year, continuing a trend of around 15 million square meters of delivery volume annually [4]. Future Outlook - The company aims to leverage its 20 years of experience in the contract management business, adhering to the service philosophy of "management creates value" [4]. - Future strategies will focus on enhancing operational quality, building resilient business layouts, and creating sustainable value through improved capabilities and trust among stakeholders [4].