大悦城：新增3项房地产项目

Group 1 - The company announced new projects from 2025 onwards, including a residential project in Sanya with a land area of 32,647 square meters and a total transaction price of RMB 784.1 million, where the company's final equity interest is 63.93% [1] - In Chengdu, the company acquired four plots of land with a total area of 134,501 square meters and a total transaction price of RMB 2.65 billion, with a final equity interest of 86.19% [1] - A commercial land plot in Qingdao was also acquired, covering 50,417.1 square meters with a transaction price of RMB 410.84 million, where the company's final equity interest is 43.96% [2] Group 2 - For the first half of 2025, the company's revenue composition is as follows: 75.64% from residential sales and primary land development, 16.8% from investment properties and related services, 3.34% from property and other services, 3.06% from hotel operations, and 0.85% from management output [2] - The company's market capitalization is reported to be RMB 12.2 billion [3]