新城控股2025上半年商业创收69.44亿 商管毛利率超70%

Core Viewpoint - New City Holdings reported a strong performance in the first half of 2025, with significant revenue growth and improved profitability metrics [1] Financial Performance - The company achieved an operating revenue of 22.1 billion yuan in the first half of 2025 [1] - Net profit attributable to shareholders was 0.895 billion yuan, while the net profit excluding non-recurring items was 0.947 billion yuan [1] Business Segments - The commercial segment continued to grow, with total revenue from commercial operations reaching 6.944 billion yuan, representing a year-on-year increase of 11.8% [1] - The gross profit from property leasing and management was 4.573 billion yuan, which increased its share of total gross profit from 57.21% in the same period last year to 77.06% [1] - The gross profit margin for property leasing and management stood at 71.20% [1]