Group 1 - Vanke achieved a revenue of 105.3 billion and sales income of nearly 70 billion in the first half of the year, with over 45,000 high-quality deliveries and a sales collection rate exceeding 100% [1] - The commercial business generated a revenue of 4.1 billion with an overall occupancy rate of 93%, and multiple new projects received positive market feedback, leading to steady growth in foot traffic and sales [1] - The overall foot traffic in Vanke's commercial business increased by 7.8% year-on-year, with sales rising by 7.2% and overall sales per square meter increasing by 7.6% [1] Group 2 - Vanke has established good cooperation with over 12,000 brands and has nearly 45 million digital members, showcasing its expanding brand influence [2] - The company has developed a full-chain capability in commercial operations, providing services in design development, commercial operation, asset management, and capital management, and has served notable asset owners like Blackstone and GIC [2] - Vanke's commercial REIT has shown good performance, with the underlying asset in Hangzhou achieving a foot traffic increase of over 5% and an occupancy rate of 99% [2] Group 3 - Industry analysts note that consumers are increasingly focused on quality-price ratios and have diverse and trendy demands, which Vanke's new commercial projects are effectively addressing [3] - The successful performance of Vanke's commercial REIT and recognition from well-known institutions for its light-asset operations are expected to facilitate a healthy exit path for assets, allowing for sustainable development [3]