On September 23, xiamen c&d inc. held the 2024 interim earnings conference, with Chairman Lin Mao, Vice General Manager and Secretary of the Board of Directors Jiang Guizhi, and CFO Wei Zhuo in attendance. At the conference, the management responded to significant market concerns regarding asset impairment, land investment, and market expectations. Regarding market expectations, Lin Mao stated that the overall real estate market situation in the second half of this year remains uncertain. Although there were policies to reduce down payments and interest rates in the first half of the year, the backlog in the second-hand housing market remains severe. July and August are traditionally low seasons, with poor market performance. Concerning the real estate market and expectations, there has been no further deterioration on the margins in the recent market, but there are no clear signs of market recovery either. Lin Mao stated that the company's goal is to maintain market share as much as possible and the company has the resources and capabilities to expand its operational scale. However, the specific sales scale in the medium to long term depends on the progress and recovery of the market, and will be adjusted in real time according to market changes. Lin Mao indicated that the future real estate industry is moving towards improving demand-oriented development. The industry landscape will gradually shift towards demand improvement, which is expected to be more sustainable and stable. (The Paper)