Ge Long Hui A P P·2025-08-29 06:51Core Viewpoint - China Resources Land's performance in the first half of the year met expectations, with a year-on-year revenue increase of 19.9% and a gross margin rise of 1.8 percentage points to 24% [1] Group 1: Financial Performance - Revenue increased by 19.9% year-on-year [1] - Gross margin improved by 1.8 percentage points to 24% [1] Group 2: Future Plans - Management plans to issue REITs worth 300 to 500 billion RMB over the next 3 to 5 years [1] - The average annual disposal is expected to be between 50 to 100 billion RMB, which will impact rental income by 600 to 700 million RMB [1] Group 3: Analyst Outlook - The firm maintains a "outperforming the industry" rating for the company [1] - Target price raised by 13% to 37 HKD [1]