Core Insights - The company reported a revenue of RMB 6.203 billion for the six months ending June 30, 2025, representing a 53% year-on-year decline [1] - The company is actively transforming its business model, with the share of light asset business revenue increasing, particularly in property management and related services, which now account for 45% of total revenue [1] - The company recorded a gross loss of RMB 4.966 billion during the period [1] - The profit attributable to the company's owners was RMB 10.202 billion, a significant turnaround from a loss of RMB 5.382 billion in the same period last year, primarily due to non-cash gains from the completion of overseas debt restructuring [1] - The total amount of loans decreased to RMB 66.997 billion following the debt restructuring, while total equity increased to RMB 8.227 billion [1]