Third, actively innovate and embrace change. Focusing on the five major directions of "youth, fashion, trend, lifestyle, community and theme", Powerlong Commercial will comprehensively consider the country code philippines mobile characteristics of projects in different cities and carry out project transformation to actively seek change and actively innovate and embrace change. As the first batch of innovative transformation pilot projects, Qibao Baolong City, Ningbo Yinzhou Powerlong Plaza, Zhuhai High-tech Powerlong Plaza, and Xiamen Tong'an Powerlong Plaza have completed special innovation plans and will promote implementation in the second half of this year.
In addition, the continuous deepening of smart business has also been an innovation point of Powerlong Commercial. At present, Powerlong Commercial has entered the full trial operation of AI automation.
The financial report shows that as of June 30, 2024, the group recorded operating income of 7.957 billion yuan, an increase of 17.1% over the same period last year; gross profit was 2.703 billion yuan, a year-on-year increase of 20.0%; net profit was 1.908 billion yuan, a year-on-year increase of 36.0%; core net profit was 1.766 billion yuan, a year-on-year increase of 24.2%.
Among the group's business segments, revenue from commercial waterway business was 2.85 billion yuan, a year-on-year increase of 23.4%; revenue from property waterway business was 5.102 billion yuan, a year-on-year increase of 13.8%; and revenue from ecosystem business was 50 million yuan.
In the first half of the year, the group opened seven new shopping centers and signed seven new commercial light-asset expansion projects, all of which were projects in first- and second-tier cities.
During the reporting period, CR Land had 108 shopping centers in operation, with retail sales of RMB 100.7 billion, a year-on-year increase of 19.7%. Among them, 46 shopping centers ranked first in retail sales in the local market, an increase of 15% from the end of 2023.