Group 1 - The company plans to expand over 10 light-asset management projects in 2025, focusing on high-quality projects in key cities while also paying attention to the existing market [1] - The company achieved a significant milestone by completing its 14th Five-Year Plan goal of expanding 50 third-party commercial projects ahead of schedule in 2024 [1] - In 2024, the company signed 12 new commercial light-asset projects, including 8 key city TOD projects, and secured the operating rights for Shenzhen Bay Cultural Plaza [1] Group 2 - As of the reporting period, the total managed area reached 413 million square meters, a year-on-year increase of 11.6%, with a contracted area of 450 million square meters, up 5.9%, covering 173 cities nationwide [2] - The company reported a comprehensive revenue of 17.043 billion yuan, a year-on-year growth of 15.4%, and a core net profit growth of 20.1% to 3.507 billion yuan [2] - The total retail sales for the year increased by 18.7% to 215 billion yuan [2]