Core Insights - The real estate industry is currently undergoing a deep adjustment phase, with construction management becoming a significant direction for many real estate companies to transform [4] - The "2025 China Urban Development and Real Estate Innovation Conference" highlighted that typical construction management companies saw a 17.6% year-on-year increase in newly planned construction area in the first half of 2025 [4] Company Performance - Far East Group's construction management brand, Yuan Yang Jian Guan, ranked 13th in the "2025 China Real Estate Construction Management Company Brand Influence TOP 20" [1] - In the first half of this year, Yuan Yang Jian Guan expanded its project count to 33 and signed new project areas totaling 562 million square meters, ranking 8th in the industry [4] - In Q2 of this year, Yuan Yang Jian Guan expanded 22 construction management projects across 16 cities, with newly signed areas reaching the industry's TOP 3 [4] Industry Trends - The competitive landscape is evolving, with a decrease in the concentration of new contracts among leading companies, while mid-tier and emerging players are accelerating their expansion [4] - The construction management industry is entering a new stage of high-quality development, emphasizing the need for companies to return to service fundamentals, strengthen professional capabilities, and focus on product innovation to gain a competitive edge [4]