Zhi Tong Cai Jing·2025-08-29 15:42Group 1 - The company operates 76 self-operated malls and 235 managed malls, with strategic partnerships for 7 home furnishing malls and 23 franchised home improvement projects, totaling 369 home improvement stores/industrial streets as of June 30, 2025 [1] - During the reporting period, the company closed 2 self-operated malls and transitioned 3 managed malls to self-operated status, while 2 self-operated malls were converted to managed status [1] - The company has 16 self-operated malls under preparation, with a planned construction area of approximately 2.63 million square meters, subject to government approval [1] Group 2 - The revenue from self-operated malls during the reporting period was RMB 2.482 billion, a decrease of 16.4% compared to the same period last year, with a gross margin of 71.1%, down 0.3 percentage points from 2024 [2]