这本书如此写法，读者受众面向的是普罗大众，所以你显然已经猜到它不是教你一夜暴富，也不是教你 如何判断现在有没有发财的行业风口，而是从生活中的柴米油盐起步，首先强调的是安全性。 贯穿本书的是一种对安全性的强调。书中用表格的方式清晰解构了家庭收支平衡表，家庭的短债和长 债，资产，收入和支出开支表。麻雀虽小，五脏俱全，这么一看，家庭就是一个小公司，也需要认 真"经营"好财务。作者认为，首先确保的应该是财务的安全性，在安全性确保的基础上再稳健地追求收 益。 （格致出版社《白领1000万财务自由笔记：低利率时代的逆袭手册》） 特约评论员 夏宁 《白领1000万财务自由笔记》主要是针对普通上班族的一本个人理财指导书，与其说是理财，还不如说 是如何经营好自己及家庭的财务状况，如何更好地为家庭提供保障。 这本书非常通俗易懂，以一个普通上班族小A为人物主线，作者老谭则与之共同梳理、为其在个人财 务、家庭负债、创业尝试方面指点迷津。 有了小A这样一位主人公，这本书显然不会太枯燥，不同于以往一板一眼教理财投资的书，也不是学理 型的宏观叙事风格，更不是教你如何拆解公司的财务报表，它讲述了低利率背景下普通打工人应该怎么 处理好自己的财 ...

Core Viewpoint - The report from CICC indicates that with a significant improvement in market risk appetite, Longfor Group's financial security has been solidified, maintaining an outperform rating with a target price of HKD 11.5, corresponding to 0.46 times the 2025 target P/B and a 9% upside potential [1] Financial Performance - In the first half of 2025, the company reported a revenue increase of 25% year-on-year to CNY 58.75 billion, primarily due to an increase in development settlement scale; the core net profit attributable to shareholders was CNY 1.38 billion, in line with market expectations [1] - The company declared an interim dividend of CNY 0.07 per share, with a slight increase in the payout ratio to 34.2% [1] Debt Management - The company has successfully reduced interest-bearing liabilities by CNY 6.5 billion to CNY 169.8 billion compared to the end of 2024, leading to a decrease in net debt ratio and pre-deduction debt ratio by 0.5 percentage points and 1.2 percentage points to 51.2% and 56.1%, respectively [2] - The financing cost for the first half of 2025 decreased to 3.58%, with the average loan term extended to 10.95 years [2] Operational Performance - The company's operational business revenue increased by 2.5% year-on-year to CNY 7.01 billion, with shopping center retail sales rising by 17% year-on-year to CNY 40.2 billion [3] - The service business revenue remained stable at CNY 6.26 billion, with the managed area approximately 400 million square meters [3] Strategic Focus - The company aims to further reduce interest-bearing liabilities by approximately CNY 20 billion to around CNY 145 billion by the end of 2025, with about CNY 100 billion being operational property loans and long-term loans [4] - The company expects to achieve a net cash inflow of approximately CNY 10 billion for the year, with positive contributions from both development and diversified cash flows [4] Future Outlook - The company anticipates that rental income growth from shopping malls will normalize starting in 2026, with plans to open 10 new malls in the second half of the year [5] - The operational and service businesses are expected to continue serving as a stabilizing force for the company's cash flow and core net profit [5]