大悦城：公司近三年及一期经营性净现金流连续为正

Core Viewpoint - Dalian Wanda Group successfully issued Chengdu Dalian Wanda Commercial REIT in 2024, achieving a cash return of 1.66 billion yuan, which further expands its new development model and establishes a "investment, financing, construction, management, and exit" platform [1] Group 1: REIT Performance - The closing price of Huaxia Dalian Wanda Commercial REIT reached 5.015 yuan per share by the end of August 2025, representing a 50.92% increase from the benchmark price of 3.323 yuan per share, the highest increase among similar shopping center projects [1] Group 2: Future Strategies - The company plans to actively promote the injection of new assets into REITs to achieve expansion and release the value of held assets, supporting high-quality development [1] - The company aims to leverage net recovery funds to seize new investment opportunities, focusing on value creation and achieving transformation [1] Group 3: Financial Management - The company emphasizes cash flow safety and continuously optimizes its fund management system to ensure efficient operation of liquidity [1] - The company has maintained positive operating net cash flow for the past three years and the first half of the current year, with figures of 2.71 billion yuan, 10.64 billion yuan, 6.62 billion yuan, and 2.69 billion yuan respectively [1] Group 4: Operational Strategies - The company will continue to enhance revenue by adopting flexible sales strategies to ensure the rapid turnover and collection of residential development projects [1] - The company will focus on cost control by adhering to a sales-driven production approach and solidifying engineering payment plans through multiple rolling cycles [1]