CREC(SZ:000736) Zheng Quan Shi Bao Wang·2025-08-29 07:03Core Insights - *ST Zhongdi (000736) reported a revenue of 13.246 billion yuan for the first half of 2025, representing a year-on-year growth of 41.30% [2] - The company recorded a net profit attributable to shareholders of -1.18 billion yuan and a net cash flow from operating activities of 305 million yuan [2] - The company is transitioning from real estate development to focus on property services and asset management, aiming for a light asset business model [2] Financial Performance - Revenue for the first half of 2025 reached 13.246 billion yuan, up 41.30% year-on-year [2] - The net profit attributable to shareholders was -1.18 billion yuan [2] - The net cash flow from operating activities was 305 million yuan [2] Business Strategy - The company is actively transferring real estate development-related assets and liabilities to its controlling shareholder [2] - Future focus will be on property management and asset management and operation, including commercial management and self-owned property leasing [2] - The property management business expanded by 3.1389 million square meters, with total managed area exceeding 55.7669 million square meters [2] Future Outlook - The company aims to enhance its competitive advantages by forming a business structure centered on "property management + asset management and operation" [2] - Plans include market expansion, targeted industry acquisitions, and deepening asset operation services to optimize business structure and improve operational efficiency [2][3]