Sales Performance - In Q3 2025, the company reported an unaudited contract sales amount of approximately 3.025 billion RMB, with a contract sales area of about 128,700 square meters [1] - For the first three quarters of 2025, the total unaudited contract sales reached approximately 9.838 billion RMB, representing a 24.0% increase year-on-year, with a total sales area of about 428,200 square meters, up 36.3% year-on-year [1] - The average selling price per square meter was approximately 22,973 RMB [1] Property Upgrade and Innovation - The company is enhancing its commercial competitiveness and asset attractiveness through continuous property upgrades and business model innovation [2] - A cinema area asset upgrade is underway at Deep Industry Shangcheng Commercial, with plans to launch a new concept garden "The Gardens" that integrates global cuisine and high-end cinema functions by early next year [2] Urban Comprehensive Operation - The company received recognition for its operational strength, being awarded multiple honors including "2025 Leading Brand in Property Service Quality" and "2025 Excellent Brand in Industrial Property Service" [3] - Deep Industry Shangcheng has successfully attracted 13 Fortune 500 companies after upgrading its office space and has been designated as a "Foreign Business Service Point" [3] - The company is expanding its operational projects, with the first community commercial product line project "Deep Industry Shiji" set to launch in Huafu Village [3] Technology Industry Investment Services - The subsidiary Jinghua Company has made significant progress in expanding its client base and advancing cooperation projects, with a notable improvement in production management levels [4] - The agricultural business has seen a substantial increase in sales, with agricultural product sales growing over 160% year-on-year [4] - The company is accelerating the construction of a new development model, focusing on urban asset management, comprehensive operations, and technology industry investment services to ensure high-quality development [4]

Core Insights - Zhuhai Zhengfang Group has evolved from a small team of 5 in 1996 to a diversified group with total assets of 47.6 billion yuan, aiming to be a leading urban comprehensive operator in the Bay Area [6][13] - The company is actively responding to local development strategies and policies, focusing on urban construction, industrial innovation, and cultural tourism integration [6][10] Group 1: Industrial Development - Zhengfang Group operates over 700,000 square meters of industrial space, attracting more than 200 enterprises, including 27 national high-tech companies and 12 provincial specialized enterprises [7] - The company has established a service system to support the entire industrial ecosystem, including a 2.3 billion yuan fund focused on new energy, healthcare, and integrated circuits [7][11] Group 2: Cultural and Tourism Projects - The company has successfully revitalized the Xianglu Bay area with affordable amenities, such as 1 yuan beach chairs and free toy rentals, enhancing the local tourism experience [9][10] - Zhengfang Group is upgrading cultural tourism projects along the Lover's Road, creating a scenic cluster of landmarks that promote the integration of urban and natural landscapes [10][11] Group 3: Residential Development - The company is developing residential projects that blend traditional Lingnan aesthetics with modern living, aiming to enhance urban quality and meet local housing needs [12][13] - The Zhengfang Nanwan Mansion features a 1,000 square meter sunken landscape courtyard and high-end amenities, reflecting the company's commitment to innovative and comfortable living spaces [12]

Group 1 - The first Lujiazui Financial Services Forum and the opening ceremony of Century Financial Plaza L HUB were successfully held in Shanghai, where the "L FOR MORE" white paper was released [1] - Lujiazui Group is actively exploring its role as a city comprehensive operator to deeply participate in urban industrial upgrading and development [1] - The newly launched L HUB is a key implementation of this strategic transformation, effectively filling the gap for high-quality light business communication spaces in Lujiazui Financial City [1] Group 2 - The L HUB covers an area of over 3,600 square meters and integrates business office, green concepts, and humanistic spaces [2] - It features a conference room that can accommodate 200 people, along with spaces for roadshows, children's crafts, and more, catering to various needs such as coffee, reception, work, socializing, leisure, and parent-child interaction [2] - The L FOR MORE business ecosystem is built through four dimensions: products, spaces, supporting facilities, and services, promoting sustainable development in the commercial office market [1]