Core Viewpoint - Country Garden Services has initiated a systematic organizational restructuring to enhance its core capabilities and clarify responsibilities, following the completion of its parent company's debt restructuring plan [1][2]. Organizational Restructuring - The company has consolidated its previous segments into two main business units: "Large Property Segment" and "Incubation Business Segment" [2][3]. - The restructuring aims to strengthen the existing property management base while fostering new growth engines through the Incubation Business Segment [2][3]. Management Changes - The company has undergone significant personnel changes, with Huang Peng resigning as CFO but continuing as Executive President, while Tian Tian has been appointed as the new CFO [4]. - The management structure has been clarified, allowing key executives to focus on their respective business areas [4]. Industry Context - The restructuring reflects a broader transformation within the property management industry, as companies seek to enhance their independent market operations and identify new growth opportunities amid a changing real estate landscape [5][6]. Financial Performance - In the first half of the year, Country Garden Services reported revenue of 23.185 billion yuan, a year-on-year increase of 10.2%, while net profit declined by 14.8% to approximately 1.568 billion yuan [7]. - The company managed a total area of approximately 106 million square meters across 8,108 properties, with a significant focus on first- and second-tier cities [7]. Business Development - The company is transitioning from traditional property management to a modern lifestyle service platform, with a focus on sectors such as alcohol, retail, and new energy [9]. - The introduction of the "Zero Resident" cleaning robot in various cities indicates the company's commitment to innovation and efficiency in service delivery [9].

Core Viewpoint - Country Garden Services has announced a change in its Chief Financial Officer (CFO), with Huang Peng resigning to focus on the group's incubation business, effective December 5, 2025. Tian Tian has been appointed as the new CFO, responsible for financial management and capital market operations. The company is undergoing a systematic organizational restructuring to optimize governance and drive business innovation and transformation [1][2]. Organizational Structure Adjustment - The organizational restructuring involves the integration of the basic property management, new business growth, and functional service segments into a "large property segment." The former strategic incubation business segment has been renamed to "incubation business segment," which will include environmental services, commercial management, and asset management among others [1][2]. - The "large property segment" aims to create value, focus on deep cultivation, reduce costs, and streamline authority. The core basic property service business will enhance customer satisfaction and operational efficiency through a tiered service system and digital operations [2][3]. New CFO Profile - The newly appointed CFO, Tian Tian, is a member of the Chinese Institute of Certified Public Accountants (CPA) and the Association of Chartered Certified Accountants (ACCA). He has extensive experience in financial management and capital operations, having previously served as CFO in various companies, including a renewable energy logistics firm and a publicly listed company [3]. Response to National Initiatives - The organizational changes are seen as a proactive response by Country Garden Services to the national "Property Service Quality Improvement Action," emphasizing the strengthening of service foundations while allowing space for high-value innovative business incubation [4]. Community Engagement and Digital Innovation - Country Garden Services has established 612 party branches and over 1,000 joint party branches across its projects, forming a network that supports over 30 million owners and promotes community governance [5]. - The company is investing in digital and intelligent technologies, with over 130 cleaning robots deployed in various cities, aiming to make smart property management a core competitive advantage [5]. - The company has introduced a "full lifecycle health check" service for aging properties, addressing systemic risks associated with property deterioration [5].