Core Viewpoint - The company is currently executing a "1+5" strategic plan, focusing on its core real estate business while simultaneously advancing five other business segments: services, leasing, hotels, elderly care, and industrial investment [1] Group 1: Business Strategy - The company remains committed to refining and strengthening its real estate operations, ensuring safe operations and quality [1] - The company plans to maintain a moderate scale ratio with leading enterprises in the real estate sector [1] - Non-real estate investment areas include new energy, internet, and health projects, with a focus on effective post-investment management of existing projects [1] Group 2: Financial Performance - In the first half of 2025, the company achieved revenue of 45.449 billion yuan, representing a year-on-year increase of 87.8% [1] - The company reported a net profit attributable to shareholders of 1.853 billion yuan, reflecting a year-on-year growth of 58.87% [1]

业务结构优化，物管服务新拓突破千万级项目 公司明确未来将聚焦"开发服务+物管服务+资产运营+房地产科技"四大板块，通过整合资源，推动业务 间的协同效应。具体来看，公司1H25物管服务资产运营、房地产科技和开发服务收入分别为人民币 929.99亿元、274.93亿元、286.97亿元和504.70亿元，同比分别+8.7%、+13.9%-9.2%、开发服务为新增 业务单元。其中，公司1H25物管服务在管与合约面积分别为7946万平方米与9606万平方米，同比分别 增长5%与4%，新签7个金额超千万级别的非住业态项，持续发力园区及医养核心业态。 开发业务贡献业务新增长点 智通财经APP获悉，国泰海通发布研报称，维持美的置业(03990)"增持"评级。该行预测2025/26/27年 EPS为人民币0.42/0.57/0.74元，给予公司25年12xPE，目标价5.46港元。公司1H25核心净利翻倍，持续 兑现行业有竞争力的派息政策，开发业务贡献业务新增长点。(本文非特别注明，均为人民币计价，1港 元=0.92元人民币) 国泰海通主要观点如下： 核心净利翻倍，持续兑现行业有竞争力的派息政策 2025年上半年公司实现营业 ...