Core Insights - Longfor Group reported total contract sales of 45.74 billion yuan and a sales area of 3.496 million square meters from January to August 2025, with operational revenue of 18.86 billion yuan, including approximately 10.05 billion yuan from operational business and about 8.81 billion yuan from service business [1] Group 1 - In August, the real estate market continued to experience a downturn, with the top 100 real estate companies seeing a 13.1% year-on-year decline in sales, marking a historical low [1] - Longfor Group's real estate development sales in August reached 4.73 billion yuan, maintaining a stable ranking at 12th in the industry [1] - Beijing and Shanghai have lifted some restrictions in non-core areas, which is expected to boost market expectations and gradually increase transaction volumes in the upcoming months [1] Group 2 - Longfor Group plans to accelerate its project launches in September, aligning with the "good housing" policy, focusing on high-volume cities like Chengdu, Chongqing, and Suzhou [2] - The company aims to open five new commercial projects in September, including four new shopping malls in Wuhan and Chongqing, which will enhance its operational income [2] - Longfor Group's management emphasized that operational income will be a key support for the company to navigate through economic cycles and optimize its debt structure [2]