Sou Hu Cai Jing·2025-08-29 18:48Core Viewpoint - The company has released its 2025 semi-annual report, highlighting its operational performance, financial status, and future development plans, emphasizing a focus on quality improvement and return on investment amidst regulatory challenges in the real estate sector [1][4][17]. Company Overview - The company is engaged in real estate development and has faced ongoing regulatory adjustments in the industry, prompting a shift towards high-quality development and innovative operational strategies [18][19]. - As of the end of the reporting period, the company had no new real estate land reserves and no new construction projects initiated [11][12]. Financial Data - The company reported a total of 29 contract sales with an area of 0.31 million square meters and a sales amount of approximately 57.96 million yuan during the second quarter of 2025 [13]. - The company achieved a rental income of approximately 9.70 million yuan from its leased properties during the same period [15]. Significant Events - The company held its 10th Supervisory Board's 7th meeting on August 28, 2025, where the semi-annual report and the special report on the use of raised funds were approved [3][4][6]. - The company has established a "Quality Improvement and Return on Investment" action plan for 2025, focusing on enhancing operational efficiency and asset management [17][20]. Fundraising and Usage - The company raised approximately 999.99 million yuan through a stock issuance in March 2024, with a net amount of about 986.48 million yuan available for use [29][30]. - As of June 30, 2025, the company had utilized approximately 661.86 million yuan of the raised funds, with a remaining balance of about 333.66 million yuan [30][32]. Governance and Compliance - The company has revised its governance structure to align with regulatory requirements, ensuring clear responsibilities among its governance bodies [21][22]. - The company emphasizes the importance of shareholder returns, maintaining a cash dividend policy that has seen an average payout ratio of 50.28% over the past three years [23][24]. Information Disclosure - The company is committed to transparent information disclosure and investor relations management, adhering to relevant regulations and enhancing communication channels with investors [25].