华润置地控股换帅，“地产老兵”徐荣接棒董事长

Group 1 - The core point of the article is the leadership change at China Resources Land Holdings, with Xu Rong appointed as the new chairman, indicating a significant shift in the company's strategic direction amidst the real estate industry's transformation [1][2] - Xu Rong, who has extensive experience in the real estate sector, previously served as the president of China Resources Land and has held various key positions in urban planning and development [5][6] - The company aims to transition from a traditional developer to a city investment and operation partner, focusing on sustainable development and long-term cash flow generation [8][9] Group 2 - In the first half of 2025, China Resources Land Holdings reported a revenue of 949.2 billion yuan, a year-on-year increase of 19.9%, and a net profit attributable to shareholders of 11.88 billion yuan, up 16.2% [11] - The company has maintained a low average debt financing cost of 2.79%, the lowest in the industry, which positions it favorably for future growth [11] - The firm has successfully acquired 18 projects with an equity investment of 32.28 billion yuan, focusing on first- and second-tier cities to enhance its land reserves [9][11]