Core Viewpoint - China Resources Vientiane Life (01209) shows a positive market response with a 3.94% increase in stock price, currently at HKD 43.76, with a trading volume of HKD 81.1269 million [1]. Group 1: Financial Projections - CICC forecasts a 20% to 25% year-on-year growth in retail sales for shopping centers in 2025, with same-store sales expected to increase by 10% to 15% [1]. - Daiwa Securities predicts a 12.2% year-on-year growth in core net profit for China Resources Vientiane Life in 2025, with revenue expected to grow by 6.8% [1]. Group 2: Business Segments - The property and office segments are expected to remain stable, with the basic property management business projected to maintain growth supported by active external expansion, with new contract amounts for the year expected to remain around RMB 1 billion, consistent with 2023-2024 [1]. - The value-added services segment is anticipated to face some pressure due to environmental factors, but the impact is considered manageable [1]. - Revenue from property management is expected to grow only by 1.4% due to a significant contraction in value-added service income, while revenue from commercial operations is estimated to grow by 16.8% driven by shopping center revenue growth [1].