Core Insights - The company announced the resignation of CFO Huang Peng, who will focus on managing the group's incubation business, effective immediately [2] - Tian Tian has been appointed as the new CFO, bringing extensive financial management and capital operation experience [2] - The company is undergoing a systematic organizational restructuring, consolidating its business segments into two main areas: "Large Property Segment" and "Incubation Business Segment" [3] Organizational Changes - The "Large Property Segment" will focus on enhancing core property services through a tiered service system and digital operations to improve customer satisfaction and operational efficiency [3] - The new business growth segment will leverage the reputation of core property services to explore high-value diversified businesses, aiming for sustainable growth and value enhancement [3] - The "Incubation Business Segment" will focus on empowering and standardizing existing independent operations and researching innovative business models [3] Management's Response - The company emphasized that the organizational changes do not involve layoffs and aim to strengthen core capabilities, invigorate the organization, and clarify responsibilities [4] - Huang Peng will continue as the Executive President, overseeing daily management of the incubation business, including environmental services and asset management [4] Financial Performance - In the first half of the year, the company's core business revenue showed growth, with property management service revenue reaching 13.61 billion, a year-on-year increase of 6.7% [5] - Community value-added service revenue was 2.1 billion, up 5.3%, while "Three Supplies and One Industry" service revenue surged to 5.07 billion, reflecting a 51.6% increase [5] - Despite revenue growth, multiple financial indicators are under pressure, with the company aiming to return to a customer-oriented approach and reasonable profitability over the next three to five years [5]