Group 1 - Longfor Group reported a contract sales amount of 2.45 billion yuan in January 2026, along with the acquisition of two premium land parcels totaling 142,900 square meters at a land cost of 865 million yuan [1] - The company's operating revenue for January 2026 reached 2.43 billion yuan (including tax), reflecting a year-on-year growth of 5.1%, indicating sustained growth in its operational business [1] - Longfor Group's management emphasized that the continuous development of its operational and service business will be a key growth driver to navigate the challenges of the current market environment [1] Group 2 - The real estate industry is expected to shift towards high-quality development in residential projects and an increased focus on operational real estate as a mainstream trend [2] - Companies are anticipated to balance risks by investing in relatively stable operational real estate, enhancing their ability to withstand market cycles [2] - Major state-owned enterprises are likely to strategically increase their investments in operational real estate, transitioning towards a "development + holding" model [2]

Group 1 - Longfor Group reported a contract sales amount of 2.45 billion yuan in January 2026, along with the acquisition of two premium land parcels totaling 142,900 square meters, with a land cost of 865 million yuan [1] - The company's operating revenue for January 2026 reached 2.43 billion yuan (including tax), reflecting a year-on-year growth of 5.1%, indicating sustained growth in its operational business [1] - Longfor Group's management emphasized that the continuous development of operational and service businesses will be a key growth driver to navigate the challenges of the current market environment [1] Group 2 - Industry experts believe that the future trend will focus on high-quality development in residential projects and an increased emphasis on operational real estate businesses [1] - According to CICC, companies can achieve risk balance and enhance their ability to navigate market cycles by investing in relatively stable operational real estate [1] - It is anticipated that several large state-owned enterprises will strategically increase their focus on operational real estate, transitioning towards a "development + holding" model [1]