Core Insights - The company reported a revenue of RMB 228 million for the first half of 2025, representing a 12.3% increase compared to the same period in 2024 [1] - Gross profit was RMB 47.8 million, a decrease of 23.4% year-on-year, with a gross margin of 21.0%, down 9.7 percentage points from 2024 [1] - The net profit after tax was RMB 19.8 million, reflecting a 16.1% decline compared to the previous year [1] Revenue Breakdown - Property services revenue reached RMB 140 million, accounting for 61.4% of total revenue, up from RMB 125 million in 2024, marking a 12.3% year-on-year growth [1] - Asset operation services generated RMB 80.1 million, representing 35.2% of total revenue, an increase of 19.8% from RMB 66.9 million in 2024 [1] - Investment and development revenue was RMB 7.8 million, making up 3.4% of total revenue, a decrease of 32.2% from RMB 11.5 million in 2024 [1]