Core Viewpoint - The company reported a decline in revenue and net profit for the first half of 2025 compared to the same period in 2024, indicating challenges in its operational performance and market conditions [2][6]. Financial Performance - Total revenue for the reporting period was approximately 469 million yuan, a decrease of 0.18% from the previous year [2]. - Net profit attributable to shareholders was approximately 46.31 million yuan, down 21.90% year-on-year [2][6]. - The net cash flow from operating activities was approximately 232 million yuan, reflecting a decrease of 6.89% compared to the previous year [2]. - Basic and diluted earnings per share were both 0.04 yuan, representing a decline of 20% from the previous year [2]. - The weighted average return on equity was 0.55%, down from 0.71% in the previous year [2]. Asset and Equity Position - Total assets at the end of the reporting period were approximately 12.99 billion yuan, a decrease of 2.22% from the end of the previous year [3]. - Net assets attributable to shareholders were approximately 8.48 billion yuan, an increase of 0.45% from the previous year [3]. Revenue Breakdown - Main business revenue was approximately 463.78 million yuan, with other business income contributing approximately 5.27 million yuan, leading to an overall revenue decline of 2.44% [5]. - Revenue from property leasing and management was approximately 293.16 million yuan, down 1.06% year-on-year due to slight decreases in rental levels [5][6]. - Sales from shops and supporting properties were approximately 24.20 million yuan, a significant decline of 34.27% primarily due to reduced sales from the Chengdu Leather City Phase II project [5]. - Financial services revenue was approximately 97.06 million yuan, down 11.94% due to structural optimization and contraction in some business areas [6]. - Revenue from health care services increased by 11.78% to approximately 34.84 million yuan, reflecting improvements in service quality [6]. - Revenue from commodity sales and services surged by 85.13% to approximately 28.52 million yuan, indicating growth in supply chain commerce [6].