Core Viewpoint - Yuexiu Property has maintained strong sales growth in the first half of the year, achieving a contract sales amount of 61.5 billion yuan, a year-on-year increase of 11%, making it one of the few companies in the top 10 in the industry to show positive growth [1][2] Sales Performance - In the first half of the year, Yuexiu Property's contract sales reached 61.5 billion yuan, with a year-on-year growth of 11%, ranking second in growth among the top 10 real estate companies [1] - The company achieved a significant increase in market share in core first-tier cities, with sales in these cities amounting to 49.5 billion yuan, accounting for 80.5% of total sales [2] - In Beijing, Yuexiu Property's contract sales reached 19.72 billion yuan, a substantial increase of 255.1% year-on-year, making it the top real estate company in the Beijing market [2] Revenue Growth - Yuexiu Property reported operating revenue of 47.57 billion yuan in the first half of the year, representing a year-on-year increase of 34.6%, marking the seventh consecutive year of revenue growth [3] - The company has diversified its revenue streams, with commercial operations becoming a stabilizing factor, contributing to 10% of total revenue [3] Financial Health - As of June 30, 2025, Yuexiu Property maintained a healthy financial position, with a debt-to-asset ratio of 64.6% and a net gearing ratio of 53.2% [4] - The company has a cash reserve of 44.64 billion yuan, covering short-term debt by 1.7 times, and achieved a net cash inflow from operating activities of 4.1 billion yuan in the first half of the year [4] Debt Management - Yuexiu Property has optimized its debt structure, with interest-bearing liabilities controlled at 103.86 billion yuan and short-term debt accounting for only 24% [4] - The average borrowing cost has decreased to 3.16%, a reduction of 41 basis points year-on-year, with the interest rate falling below 3% for the first time [4]