Gelonghui October 11th | Yunnan Metropolitan Real Estate Development (600239.SH) announced that the company's current main business is property services and commercial operation, with a very small proportion of the real estate business following the disposal of the original real estate projects.

On August 27, 2024, the company disclosed the 'Yunnan Metropolitan Real Estate Development Co., Ltd. 2024 Semi-Annual Report', with total assets decreasing from 12.299 billion yuan at the beginning of 2024 to 11.794 billion yuan, total liabilities of 9.443 billion yuan, an asset-liability ratio of 80.07%, reduced by 1.04 percentage points compared to the end of the previous year. Net assets attributable to the parent company were 1.408 billion yuan. With the disposal of real estate projects, the scale of the company's real estate business has been significantly reduced. In the first half of 2024, real estate business income accounted for only 17.52% of the total income. The company will closely focus on its global strategy, with property services and commercial management at the core, improving management efficiency, and transitioning to a light asset operation service.