Recently, Midea Real Est Holdings Limited released its interim financial report as of June 30, 2024, showing a significant decline in both revenue and net income. During the reporting period, the company's revenue was 25.134 billion yuan, a year-on-year decrease of 30.8%; net income was 0.596 billion yuan, a year-on-year decrease of 64.2%. These series of data reflect the challenges the company is facing in the current severe market environment. Despite these challenges, the company is actively exploring new development models and business restructuring to achieve sustainable growth in the future. With the changing market environment, investors and market participants will closely monitor the subsequent development of Midea Real Est and the effectiveness of its strategic implementation.