Core Insights - The company reported a revenue of 1.386 billion yuan and a gross profit of 163 million yuan for the six months ending June 30, 2025, with a loss attributable to shareholders of 310 million yuan, translating to a loss per share of 0.26 yuan [1] - The company is focusing on market expansion and optimizing project structure and quality to establish a foundation for sustainable high-quality development [1] Group 1 - The company has intensified its market expansion strategy, increasing the newly contracted construction area by 3.9 million square meters, with third-party contributions rising from 64% in the same period last year to 96% [1] - The company maintains a high operational barrier in its core business areas, with 99% of the managed construction area in first and second-tier cities [1] Group 2 - The company is actively responding to competition in the existing market by accumulating service experience in niche sectors and expanding the scale advantages of industrial parks and logistics parks [2] - As of June 30, 2025, the property management services achieved a contracted construction area of 12.2 million square meters, a decrease of 1% compared to the end of 2024, while the managed area increased by 1% to 9.35 million square meters [2]

Group 1 - The company reported a revenue of 1.386 billion yuan and a gross profit of 163 million yuan for the six months ending June 30, 2025, with a loss attributable to shareholders of 310 million yuan, resulting in a loss per share of 0.26 yuan [1] - The company is focusing on market expansion strategies, optimizing project structure and quality to establish a foundation for sustainable high-quality development [1] - The company has increased its contract construction area by 3.9 million square meters, with the proportion of new contract construction area from third parties rising from 64% in the same period last year to 96%, covering various types of properties including commercial, office buildings, industrial parks, public buildings, and scenic areas [1] Group 2 - The company is actively responding to competition in the existing market by accumulating service experience in niche sectors and further expanding the scale advantages of industrial parks and logistics parks [2] - The company is deepening its large client strategic collaboration, tapping into quality customer resources, and providing customized solutions to meet deep customer needs, successfully expanding into public building projects such as the Zhengzhou Customs Office and the Shenyang New Min City Market Supervision Bureau [2] - As of June 30, 2025, the property management services achieved a contracted building area of 12.2 million square meters, a decrease of 1% compared to the end of 2024, while the managed building area increased by 1% to 93.5 million square meters [2]