
Core Insights - Longfor Group Holdings Limited reported a stable growth in its operations and services business for the first half of 2025, with a significant enhancement in sustainable profitability and cash flow capabilities [1] Financial Performance - For the first half of 2025, Longfor Group's operations and services business achieved a record revenue of 13.27 billion yuan, with core net profit approximately 4 billion yuan, reflecting year-on-year growth in both revenue and profit [1] - The operations and services business accounted for 22.6% of Longfor Group's total revenue, serving as a stable source of income, profit, and cash flow [1] Business Segments - The operational business, comprising commercial investment and asset management, generated a non-tax rental income of 7.01 billion yuan, representing a year-on-year increase of 2.5% [1] - The service business segment, primarily focused on property management and smart construction, recorded a non-tax revenue of 6.26 billion yuan, showing a slight year-on-year increase [1] Strategic Positioning - Longfor Group's four operational channels under its business model maintain a leading position in their respective segments, continuing a trend of stable growth [1] - The company relies on internal growth drivers and self-circulation through its business model, characterized by low leverage, strong operations, and positive cash flow, to pursue a high-quality development path [1]