BUCID(SH:600266) Xin Lang Cai Jing·2025-09-01 00:26Group 1 - The company achieved a revenue of 12.76 billion yuan in the first half of 2025, a year-on-year increase of 95.70%, primarily due to the increased scale of real estate project deliveries [1] - The company reported a net profit attributable to shareholders of 608 million yuan, a significant turnaround from a loss of 137 million yuan in the first half of 2024, driven by stable operations in the real estate sector and effective inventory reduction [1] - The company’s commercial real estate segment generated an operating revenue of 347 million yuan, with multiple projects maintaining occupancy rates above 90% [1] Group 2 - The company achieved a sales area of 183,200 square meters in the first half of 2025, a year-on-year increase of 2.57%, while the sales amount was 10.50 billion yuan, a decrease of 11.91% [1] - The company added approximately 79,900 square meters of land reserves, a year-on-year decrease of 6.55%, and initiated new construction of 539,300 square meters, a 458% increase compared to the first half of 2024 [1] - The company successfully issued multiple financing instruments, including a 2.49% coupon rate for a 3-year medium-term note of 2 billion yuan and a 2.40% coupon rate for a 3-year corporate bond of 2.5 billion yuan [2] Group 3 - The company is expected to continue focusing on the Beijing and Shanghai land markets, leveraging its advantages as a state-owned developer with rich urban renewal resources [2] - Revenue projections for 2025-2027 are 26.96 billion yuan, 28.99 billion yuan, and 32.31 billion yuan, with year-on-year growth rates of 6.0%, 7.5%, and 11.4% respectively [2] - The net profit attributable to shareholders for 2025-2027 is forecasted to be 1.39 billion yuan, 1.97 billion yuan, and 2.66 billion yuan, with year-on-year growth rates of 246.6%, 41.5%, and 34.6% respectively [2]