Group 1: Real Estate Asset Management Business - As of June 30, 2025, the company managed projects totaling 470.19 billion yuan, an increase of 1.05 billion yuan from the beginning of the year [1] - The managed area was 2.5479 million square meters, a decrease of 0.0067 million square meters from the beginning of the year [1] - The number of operational projects increased to 13 from 9 in the same period last year [1] Group 2: Property Leasing Business - The leased property area was 210,400 square meters, generating operational revenue of 341 million yuan, with equity operational revenue of 167 million yuan [2] - The property leasing business includes projects from real estate investment funds within the consolidation scope [2]