CREC(SZ:000736) Xin Lang Cai Jing·2025-08-29 01:36Core Insights - The company reported a significant increase in revenue but also faced substantial net losses in the first half of 2025, indicating ongoing operational challenges [1] - The strategic transformation towards light asset operations has gained momentum, with a major asset sale approved by shareholders [1][2] - The real estate industry is shifting from a scale-driven model to a dual focus on product and operations, aligning with the company's new direction [2] Financial Performance - The company achieved operating revenue of 13.246 billion yuan, a year-on-year increase of 41.30% [1] - The net profit attributable to shareholders was -1.18 billion yuan, reflecting an expanded loss [1] - Total assets at the end of the reporting period amounted to 96.623 billion yuan [1] Strategic Transformation - The company plans to transfer real estate development-related assets and liabilities to its controlling shareholder, focusing on property services and asset management [1] - The new business model aims to establish a dual core of "property management + asset operation" [1] - The company has expanded its property management area by 3.1389 million square meters, with a total managed area of 55.7669 million square meters [1] Industry Trends - The real estate sector is moving towards a light asset model, emphasizing the importance of operational efficiency and product quality [2] - The company's restructuring aligns with industry trends of divesting high-debt businesses and enhancing light asset operations [2] - The company aims to improve service quality and operational capabilities to enhance profitability and achieve sustainable development [2]