Core Viewpoint - In a challenging industry environment, the company achieved a contract sales amount of 61.5 billion yuan in the first half of the year, representing an 11% year-on-year increase, outperforming the top 100 real estate companies' average decline of 11.8% [1] Sales Performance - The company maintained a sales ranking within the top 8 nationally, with 80.5% of sales coming from first-tier cities, amounting to 49.5 billion yuan [1] - In Beijing, the company achieved a contract sales amount of 19.72 billion yuan, a significant increase of 255.1% year-on-year, making it the leading real estate firm in the city [1] - The company's main market, Guangzhou, generated a sales amount of 15.756 billion yuan, ranking second, with several projects experiencing strong sales [1] - In Shanghai, the company recorded a sales amount of 14.492 billion yuan, ranking sixth [1] Investment Strategy - The company’s total equity investment reached 10.96 billion yuan in the first half, with 92% directed towards high-quality land in core cities such as Beijing, Shanghai, Guangzhou, and Hangzhou [1] - As of the end of June, the company acquired approximately 1.48 million square meters of land in core cities, with 68% located in first-tier cities [2] Land Reserve and Financial Health - The company has a total land reserve of 20.43 million square meters, with 94% located in first- and second-tier core cities, providing a strong foundation for achieving annual targets [3] - The company reported a revenue of 47.57 billion yuan for the first half of the year, a year-on-year increase of 34.6%, with a gross profit of 5.06 billion yuan [4] Future Outlook - The company plans to continue precise investments, focusing on eight strategically important cities and projects with high customer engagement and quick cash flow [5] - The company has a cash flow of 4.46 billion yuan at the end of the period, with a reduction in interest-bearing debt to 103.86 billion yuan, and a weighted average borrowing cost down to 3.16% [6]