Group 1 - The core viewpoint of the report is that Midea Real Estate (03990.HK) is maintained with a "Buy" rating, with projected EPS for 2025/26/27 at RMB 0.42/0.57/0.74, and a target price of HKD 5.46 based on a 12x PE for 2025 [1] - As of September 12, 2025, Midea Real Estate closed at HKD 4.96, up 2.9%, with a trading volume of 5.3724 million shares and a turnover of HKD 26.5297 million [1] - Over the past 90 days, two investment banks have issued "Buy" ratings for the stock, with an average target price of HKD 5.97 [1] Group 2 - Midea Real Estate has a market capitalization of HKD 6.919 billion, ranking 39th in the Real Estate Development II industry [2] - Key financial metrics for Midea Real Estate compared to the industry average include: - ROE: -8.54% vs. -19.07% (rank 83) - Revenue: -194.12 million vs. 177.92 million (rank 168) - Net Profit Margin: 15.68% vs. -141.4% (rank 21) - Gross Margin: 30.79% vs. 12.85% (rank 63) - Debt Ratio: 47.55% vs. 66.95% (rank 60) [2]