Core Insights - The company reported a revenue of approximately RMB 390 million for the first half of 2025, representing a year-on-year decrease of about 0.5% [1] - Gross profit was approximately RMB 73 million, showing a year-on-year increase of about 7.4%, with a gross margin of approximately 18.7%, up 1.4 percentage points from 17.3% in the same period of 2024 [1] - The net profit for the period was approximately RMB 1 million, reflecting a significant year-on-year decrease of about 88.9% [1] Revenue Breakdown - Property management services generated revenue of approximately RMB 344 million, accounting for about 88.2% of total revenue, an increase of about 6.5% compared to RMB 323 million in the same period of 2024 [1] - Non-owner value-added services reported revenue of approximately RMB 7 million, representing about 1.8% of total revenue, a decrease of about 56.3% from RMB 16 million in the same period of 2024 [1] - Community value-added services achieved revenue of approximately RMB 32 million, making up about 8.2% of total revenue, down 5.9% from RMB 34 million in the same period of 2024 [1] - Apartment operation and management services generated revenue of approximately RMB 7 million, accounting for about 1.8% of total revenue, a decrease of about 63.2% from RMB 19 million in the same period of 2024 [1] Operational Metrics - As of June 30, 2025, the company had a contracted construction area of approximately 33.06 million square meters, with managed construction area of approximately 28.79 million square meters, reflecting an increase of about 0.6% from December 31, 2024 [1]