MIDEA REAL EST (03990) announced its interim results for the six months ended June 30, 2025. Revenue from continuing operations reached RMB 1.997 billion, representing a 41.3% year-over-year increase. Net profit attributable to shareholders was RMB 305 million, down 18.73% compared to the same period last year. Basic earnings per share stood at RMB 0.21, with the company proposing an interim dividend of HK$0.15 per share.

During the reporting period, property management services revenue totaled RMB 930 million, up 8.7% from RMB 856 million in the corresponding period of 2024. This growth was primarily driven by business expansion and the progressive delivery of existing residential projects. As of the end of the reporting period, the contracted area for property management services reached 96.06 million square meters, with 79.46 million square meters under management. The company manages 64 industrial parks covering 9.74 million square meters.

Asset operations encompass commercial operations and industrial park leasing and sales businesses. The company operates 13 commercial complexes with a total operating area exceeding 700,000 square meters, including 5 self-owned commercial properties. The average occupancy rate of operating commercial complexes exceeds 90%. Three self-owned industrial parks complement the group's commercial portfolio, establishing a more comprehensive asset operation and management system.

Real estate technology represents a business segment cultivated by the group, focusing entirely on building quality properties and providing green full-value-chain business scenario services. Development services became a new business segment following the completion of distribution in specie and disposal (restructuring) on October 22, 2024. This segment primarily undertakes full-chain development management of real estate development assets held by the controlling shareholder post-restructuring, covering the entire process or phased development management services including property design, development, planning and construction, and sales. The company also plans to expand third-party construction management services.