龙湖集团，好消息

Core Viewpoint - Longfor Group's financial stability is improving, with a significant reduction in debt pressure expected after the peak in 2025, as the company focuses on financial safety and strategic land acquisition opportunities [2][5]. Financial Performance - For the first half of 2025, Longfor Group reported revenue of 58.75 billion yuan, a year-on-year increase of 25.4%. The real estate development segment generated 45.48 billion yuan, up 34.7%, while operational and service segments saw revenues of 7.01 billion yuan and 6.26 billion yuan, respectively [3]. - The company achieved a contract sales amount of 35.01 billion yuan, with a repayment rate exceeding 100%, and added land reserves totaling 249,000 square meters [3]. Debt Management - As of June 30, 2025, Longfor Group's total borrowings amounted to 169.8 billion yuan, a decrease of 6.53 billion yuan from the previous year. The net debt ratio stood at 51.2%, with an average financing cost of 3.58% [5][6]. - The company plans to reduce interest-bearing debt by over 30 billion yuan in 2025, stabilizing the total debt at around 100 billion yuan in the future [6]. Strategic Focus - Longfor Group aims to prioritize financial safety and maintain a disciplined investment approach, focusing on high-tier cities and optimizing investment precision [4][6]. - The company is exploring innovative business models, including AI applications, and has redefined its strategy from "space as a service" to "intelligent creation of space, intelligent enjoyment of services" [7].