龙湖上半年收入增长25% 预计年内减债超300亿元

Core Viewpoint - Longfor Group reported a revenue of 58.75 billion yuan for the first half of 2025, marking a 25% year-on-year increase, with a strong performance in real estate development and stable growth in operational services [2][3]. Real Estate Development - The real estate development segment generated revenue of 45.48 billion yuan, reflecting a 34.7% year-on-year growth, although the gross profit margin was impacted by lower sales prices [3]. - The total sales for the first half reached 35.01 billion yuan, with a collection rate exceeding 100%, and approximately 90% of sales came from first- and second-tier cities [3]. Delivery and Market Outlook - Longfor delivered around 40,000 housing units across 36 cities, achieving a customer satisfaction rate exceeding 90% [4]. - The company remains optimistic about the core first- and second-tier city markets, despite recent downward pressures in the housing market [4]. Investment Strategy - Longfor continues to focus on acquiring quality land in core cities, having secured four prime land parcels with a total building area of 249,000 square meters and a projected value exceeding 5 billion yuan [4]. - As of June 30, the total land bank stood at 28.4 million square meters, with over 70% located in first- and second-tier cities [4]. Operational and Service Business Growth - The operational and service business generated 13.27 billion yuan in revenue, a 1.3% increase year-on-year, contributing 22.6% to total revenue [7]. - The commercial investment segment reported a rental income of 7.01 billion yuan, up 2.5% year-on-year, with a high occupancy rate of 97% [8]. Debt Management - Longfor aims to reduce its debt by over 30 billion yuan this year, with a target to lower total debt to around 140 billion yuan by year-end [10][11]. - The company has successfully repaid 10 billion yuan of overseas loans ahead of schedule and plans to continue optimizing its debt structure [11].