Ge Long Hui·2025-08-30 04:13Core Viewpoint - In the first half of 2025, the company achieved revenue of 94.92 billion yuan, a year-on-year increase of 19.9%, with development business settlement income at 74.36 billion yuan, up 25.8% [1][2][4] - The core net profit for the same period was 10 billion yuan, a decrease of 6.6%, primarily due to a reduction in other income and gains, which amounted to 1.58 billion yuan, down 18.3 billion yuan from the previous year [1][2] Revenue Breakdown - The company's regular business revenue was 20.56 billion yuan, reflecting a year-on-year growth of 2.5%, contributing 60.2% to the core net profit, an increase of 8.8 percentage points from the previous year [1][3] - The comprehensive gross profit margin increased by 1.8 percentage points to 24.0%, mainly due to a rise in the gross profit margin of the development business [2] Shopping Center Performance - The shopping center's rental income reached 10.4 billion yuan, a year-on-year increase of 9.9%, while retail sales amounted to 110.1 billion yuan, up 20.2%, with same-store sales growth of 9.4%, outperforming the national retail growth rate of 5.0% [3] Sales and Land Acquisition - The total sales amount for the first half of 2025 was 110.3 billion yuan, a year-on-year decrease of 11.5%, maintaining the third position in the industry [4] - The company acquired land worth 34.76 billion yuan, a year-on-year increase of 45.6%, with a land acquisition intensity of 31.5%, up 12.4 percentage points from the previous year [4]