Core Viewpoint - In the first half of 2025, the Chinese real estate market showed signs of stabilization due to ongoing policy support and a recovery in internal demand, with I Love My Home Group reporting significant growth in its mid-term results, reflecting its core competitiveness and strategic focus on key cities [1] Group 1: Financial Performance - The company achieved operating revenue of 5.658 billion yuan and a net profit attributable to shareholders of 38.4 million yuan, marking a year-on-year increase of 30.8% [1] - The adjusted net profit attributable to shareholders reached 49.9171 million yuan, representing a remarkable growth of 213.89% compared to the same period last year [1] Group 2: Business Segments - The brokerage business, as the core growth engine, generated revenue of 2.032 billion yuan, up 13.57%, with a gross margin increase to 22.82% [3] - The total housing transaction value (GTV) for the brokerage business was 110.8 billion yuan, reflecting a year-on-year growth of 10.5%, driven by the recovery in the second-hand housing markets of key cities like Beijing, Shanghai, and Hangzhou [3] - The asset management business maintained both scale and efficiency, managing 319,000 rental units, a 9% increase, with an average rental turnover time reduced to 8.8 days and a stable rental rate of 95.2% [3] - The new housing business achieved revenue of 469 million yuan, a year-on-year increase of 24.32%, with GTV reaching 18.3 billion yuan, a significant growth of 32.6% [3] Group 3: Strategic Focus and Innovation - The company has focused on core cities such as Beijing, Shanghai, Hangzhou, Nanjing, and Suzhou, establishing a robust offline store network with nearly 3,000 operational stores and approximately 31,000 agents [4] - Continuous innovation has been a hallmark, with the launch of new products and services, including a new app feature for matching down payment budgets with housing options, significantly reducing decision-making time for users [5] - A partnership with JD Logistics has improved the delivery and installation timelines for furniture and appliances, enhancing the "move-in ready" experience for customers [5] Group 4: Policy Environment and Future Growth - The real estate policy environment is increasingly favorable, with measures such as reduced down payment ratios and optimized purchase policies, contributing to lower housing costs for residents [6] - Urban renewal has been elevated to a national strategy, stimulating demand for housing services and creating a sustainable development environment for the real estate service industry [6] - The company's long-standing brand reputation, experienced agent team, and extensive community network are expected to translate into greater market share as it navigates the new industry landscape dominated by existing housing [6]