Core Viewpoint - China Jinmao is committed to high-quality urban development and has achieved counter-cyclical growth during the real estate industry adjustment period, focusing on real estate development, premium holdings, quality services, and construction technology [1][2][3] Financial Performance - In 2024, China Jinmao reported revenue of 59.053 billion yuan and a net profit attributable to shareholders of 1.065 billion yuan, marking a 115% year-on-year increase [2] - The company achieved a contracted sales amount of 98.3 billion yuan, ranking 12th in the industry, with 90% of sales coming from first- and second-tier cities [2][3] - Management expenses, sales expenses, and financial expenses decreased by 25%, 23%, and 16% respectively, showcasing effective cost control [2] Business Strategy - The company emphasizes high-quality products and services while optimizing its business layout to create greater value for shareholders [3] - China Jinmao's subsidiary, Jinmao Services, reported revenue of 2.966 billion yuan, a 9.7% increase, with a net profit of 384 million yuan, reflecting strong internal collaboration [3] Product Innovation - The "Three Understandings and Six Environments" system is designed to enhance living quality by integrating technology into residential solutions, aligning with government goals for high-quality housing [6] - The "Jin Yu Man Tang" product line effectively meets diverse market demands, combining green technology with innovative design [7] Market Performance - In the first half of 2025, China Jinmao achieved a contracted sales amount of 53.347 billion yuan, a 19.77% year-on-year increase, with strong sales performance across various product series [9] - The company has established a significant presence in 15 major cities, with notable sales records in high-end residential projects [9] Sustainable Development - China Jinmao has improved its ESG governance and performance, receiving high ratings from various institutions, including MSCI ESG and GRESB [12][13] - The company has obtained 315 green building certifications, demonstrating its commitment to sustainable practices and community integration [12][13]