CIFI Holdings Group (00884) announced its annual results for the period ending December 31, 2025. During the year, the group, including its joint ventures and associates, delivered over 22,000 property units. Since 2022, cumulative deliveries have reached nearly 300,000 units. The company has completed a comprehensive offshore debt restructuring, while its onshore bond restructuring plan was approved by bondholders and bond repurchase options have been executed. Outstanding debt has decreased to 50.4 billion yuan, a reduction of over 60 billion yuan from the peak in 2021. The company recorded a net profit attributable to equity shareholders of approximately 17.67 billion yuan, achieving a turnaround into profitability aided by gains from debt restructuring. Rental income from investment properties and other related services amounted to about 1.64 billion yuan. Net cash generated from operating activities has been positive for four consecutive years. Looking ahead, the company will maintain strategic focus, prioritizing credit repair as a foundation for development and cash flow security as a lifeline for operations. It will emphasize asset management and a shift toward a capital-light model as core new directions, steadfastly implementing a development strategy characterized by "light assets, low debt, and high quality." The firm will concentrate on three key areas: rental income, self-developed projects, and real estate asset management, advancing its "second entrepreneurship" initiative. Through organizational optimization and refined management, the company aims to deepen its presence in core regions, enhance business competitiveness, and rebuild its core strengths by leveraging superior professional capabilities and operational efficiency. This approach is expected to support steady, high-quality, and sustainable growth, enabling the company to achieve a stable breakthrough and upward trajectory in the industry's next phase.