Core Insights - The company reported a significant decline in contract sales area and amount for September 2025, with a contract sales area of 79,000 square meters, down 67% year-on-year, but up 9% month-on-month [1] - The total contract sales amount for September 2025 was 1.08 billion yuan, representing a 59% year-on-year decrease, while also showing a 9% increase compared to August [1] - For the period from January to September 2025, the cumulative contract sales area was 893,000 square meters, down 19% year-on-year, and the cumulative contract sales amount was 13.25 billion yuan, down 22% year-on-year [1] - The tourism sector saw a decrease in visitor numbers, with 4.51 million visitors in September, down 12% year-on-year, and a total of 59.56 million visitors from January to September, down 1% year-on-year [1]