Core Viewpoint - The company emphasizes a strategy of "reform to promote development" and aims for "stable growth" while achieving high-quality development to address uncertainties in the market [1] Financial Performance - In the first half of the year, the company achieved revenue of 8.524 billion yuan, a year-on-year increase of 6.5%, and core net profit grew by 15% to 2.011 billion yuan [2] - The board declared an interim dividend of 0.529 yuan per share, an increase of 89.6% year-on-year, and a special dividend of 0.352 yuan per share, marking the first time 100% of core net profit is distributed [2] Retail and Market Position - The company recorded retail sales of 122 billion yuan, a year-on-year increase of 21.1%, outperforming the overall retail market [2] - As of the end of the period, the company operated 125 shopping centers, with 53 ranking first in local markets and 104 in the top three [2] Business Expansion and Innovation - The company opened 4 new shopping centers and successfully explored new product forms at the Xi'an Airport commercial project [2] - The company signed 6 new external projects, with a total of 75 projects yet to open, supporting future growth in its commercial management business [3] Property Management - The company managed 22.79 million square meters of property, with an occupancy rate of 74.1% for 27 projects [3] - The property management segment achieved a managed area of 420 million square meters, a year-on-year increase of 1.8% [4] Membership and Digital Services - The company integrated membership resources through the acquisition of "HuaRun Tong," with total membership exceeding 72 million, and commercial members growing by 32% to 65 million [5] - The company focused on enhancing digital services, achieving 100% coverage of its project management system [7] ESG and Sustainability Initiatives - The company actively integrates ESG strategies into its operations, focusing on low-carbon initiatives and community support, serving 400,000 people through its "Warm Station" program [8]