Core Viewpoint - The company reported a significant decline in revenue and net profit for the first half of 2025, but emphasized resilience and strategic adjustments in response to market challenges [1][5]. Financial Performance - The company achieved an operating revenue of 22.1 billion yuan, a year-on-year decrease of 34.82% [1][5]. - The net profit attributable to shareholders was 895 million yuan, down 32.11% year-on-year [1][5]. - The basic earnings per share stood at 0.4 yuan [1]. Sales and Delivery - The company reported a contract sales area of 1.335 million square meters, a decline of 59.08% year-on-year [2]. - The total contract sales amount reached 10.33 billion yuan, down 56.15% year-on-year [2]. - The company successfully delivered over 16,000 high-quality properties nationwide in the first half of 2025 [2]. Commercial Operations - The company operates 205 Wuyue Plazas across 141 cities, with 174 currently in operation and a total area of 16.08 million square meters [3]. - The occupancy rate of Wuyue Plazas reached 97.81% [3]. - The total foot traffic for Wuyue Plazas was 950 million visits, a year-on-year increase of 16.0%, with total sales exceeding 51.5 billion yuan, up 16.5% [3]. Strategic Adjustments - The company is focusing on cash flow preservation, project delivery, and asset value protection, seeking a balance among these priorities [2]. - The company reported a total commercial operation revenue of 6.944 billion yuan, an increase of 11.78% year-on-year, showcasing its ability to navigate through market cycles [4]. Asset Overview - As of the end of the reporting period, the company had total assets of 288.33 billion yuan and net assets attributable to shareholders of 61.799 billion yuan [5]. - The company completed the delivery of 36 sub-projects with a total area of 2.7765 million square meters [5]. - There are currently 158 sub-projects under construction, with a total building area of 17.4847 million square meters [5].

Core Viewpoint - The company reported a significant decline in revenue and net profit for the first half of 2025, reflecting the challenges faced in the real estate industry, while emphasizing its commitment to operational resilience and social responsibility [1][5]. Financial Performance - The company achieved an operating revenue of 22.1 billion RMB, a year-on-year decrease of 34.82% [1][5]. - The net profit attributable to shareholders was 0.895 billion RMB, down 32.11% compared to the previous year [1][5]. - The basic earnings per share were 0.4 RMB [1]. Sales and Contracts - The company reported a contract sales area of 1.335 million square meters, a decline of 59.08% year-on-year [2]. - The total contract sales amount was 10.33 billion RMB, down 56.15% year-on-year [2]. - The company achieved a total cash recovery of 11.884 billion RMB, with a cash recovery rate of 115.05% [2]. Operational Highlights - The company delivered over 16,000 high-quality properties nationwide in the first half of 2025 [2]. - The company operates 205 Wuyue Plazas across 141 cities, with 174 currently in operation and a total operational area of 16.0814 million square meters, achieving a rental rate of 97.81% [3]. - The total foot traffic at Wuyue Plazas reached 950 million visits, a year-on-year increase of 16.0%, with total sales exceeding 51.5 billion RMB, up 16.5% [3]. Strategic Initiatives - The company is focusing on maintaining cash flow, ensuring project delivery, and safeguarding asset value amidst market challenges [2]. - The company is enhancing its operational capabilities through refined management and innovative commercial strategies, achieving a total commercial operating revenue of 6.944 billion RMB, an increase of 11.78% [4]. Asset Overview - As of the end of the reporting period, the company had total assets of 288.329 billion RMB and net assets attributable to shareholders of 61.799 billion RMB [5]. - The company completed the delivery of 36 sub-projects with a total area of 2.7765 million square meters [5]. - There are currently 158 sub-projects under construction, with a total building area of 17.4847 million square meters [5].