佳兆业发布2025年中报：引入央企盘活核心资产 新发展模式释放增长价值

Core Viewpoint - Kaisa Group Holdings Limited has reported strong performance in the first half of 2025, achieving a revenue of 3.7 billion yuan and successfully delivering 12 projects, amidst a challenging industry environment [1] Group 1: Performance and Strategy - The company emphasizes "stable delivery, optimized structure, and new expansion" as its strategic focus, aligning with national policies aimed at ensuring housing delivery and promoting transformation [1] - Kaisa's revenue from non-property sales reached a record high of approximately 44%, indicating a successful transition towards diversified business models [1][4] Group 2: Quality Delivery and Construction - Kaisa prioritizes "delivery assurance and quality" as its main task, responding to national standards for quality housing by delivering over 5,000 units across key cities like Shenzhen, Guangzhou, and Chengdu [2] - All delivered projects adhere to green, healthy, and smart design principles, enhancing construction quality and meeting modern living demands [2] Group 3: Land Reserves and Urban Renewal - As of June 30, 2025, Kaisa's land reserves total approximately 20.75 million square meters, with 61% located in the Guangdong-Hong Kong-Macao Greater Bay Area, providing a strong competitive advantage [3] - The company has over 100 urban renewal projects covering about 31 million square meters, which are expected to contribute to future development through continuous resource transformation [3] Group 4: Cultural and Commercial Integration - Kaisa is advancing its dual-core strategy as a "city public service provider and quality life operator," focusing on cultural and commercial integration to create new growth areas [4] - The company has successfully hosted events like the "Mei" Good Times concert, enhancing urban cultural vibrancy and economic activity through innovative consumption scenarios [4] - Kaisa is also expanding into the pet economy and elderly care services, aiming to provide comprehensive experiences for diverse demographic groups [4]