Core Insights - The company reported a revenue of 18.14 billion RMB for the mid-2025 period, reflecting a year-on-year growth of 3.1% [1] - Gross profit reached 2.49 billion RMB, with a year-on-year increase of 3.8% [1] - Net profit was 840 million RMB, showing a year-on-year growth of 5.4% [1] - Core net profit amounted to 1.32 billion RMB, up by 10.8% year-on-year [1] Financial Performance - Cash assets stood at 11.46 billion RMB, indicating a solid financial position [1] - Operating net cash flow increased by 2.05 billion RMB year-on-year [1] - The company plans to distribute a total dividend of 1.1 billion RMB, resulting in an annualized dividend yield of approximately 9% [1] Business Segments - Revenue from residential property services reached 10.28 billion RMB, growing by 10.4% year-on-year, with 168 new projects added [1] - Property and facility management services generated 5.17 billion RMB, up by 7.7% year-on-year, with 291 new projects [1] - Revenue from residential-related asset services (leasing, buying, maintenance, renovation) surged by 39.6% to 860 million RMB, with 89 new stores added [1] - BPaaS solutions revenue was 860 million RMB, reflecting a year-on-year growth of 9.0% [1] Strategic Initiatives - The company completed 300 butterfly city renovations, covering 1,688 projects, contributing 230 million RMB to gross profit [2] - The "elastic pricing" model successfully acquired 114 residential projects, generating an annualized saturated income of 670 million RMB, a year-on-year increase of 31.5% [2] - Revenue from related business with developers decreased to 6.5%, indicating a divergence between core business growth and developer-related revenue decline [2] Operational Efficiency - The company improved efficiency through technology, with the first batch of 6 AI employees officially onboarded [2] - Administrative expenses were 890 million RMB, down by 77.37 million RMB year-on-year, representing a decrease of 8.0% [2]