研报掘金丨开源证券：南京高科业绩有望持续改善，维持“买入”评级

Core Viewpoint - Nanjing Gaoke achieved a net profit attributable to shareholders of 1.381 billion yuan in the first half of the year, representing a year-on-year increase of 35.04% [1] - The company reported a non-recurring net profit of 1.352 billion yuan, up 22.52% year-on-year [1] Financial Performance - In 2025, the real estate business achieved a contracted sales area of 68,500 square meters, which includes 42,100 square meters from commercial housing projects and 26,400 square meters from affordable housing projects, marking a year-on-year increase of 2,437.04% [1] - The contracted sales amount reached 1.021 billion yuan, with 921 million yuan from residential and parking space projects and 100 million yuan from affordable housing projects, reflecting a year-on-year increase of 729.83% [1] - The company's operating revenue and net profit attributable to shareholders both grew year-on-year, maintaining profit forecasts [1] Investment Outlook - The company is recognized as a deeply rooted enterprise in the Nanjing region, with smooth financing channels, indicating a potential for continued performance improvement [1] - The report maintains a "buy" rating for the company's stock [1]