SFY(SZ:002572) Mei Ri Jing Ji Xin Wen·2025-09-03 11:55Core Viewpoint - The company Sofia's bulk business gross margin is approximately 4% for both the 2024 annual report and the 2025 mid-year report, significantly lower than the industry average of over 20% due to the deep adjustment in the real estate sector [2]. Group 1: Business Performance - The company attributes the low gross margin in its bulk business to the ongoing deep adjustment in the real estate industry, which has impacted profitability [2]. - Despite the low gross margin, the company's bulk business expansion remains stable, with a focus on responding to the "guarantee delivery" policy and actively developing related projects [2]. - The company is committed to continuously optimizing its bulk business customer structure, maintaining stable revenue contributions from high-quality real estate clients [2].