Core Viewpoint - The company reported a significant increase in revenue and profit for the six months ending June 30, 2025, indicating strong performance in its property management services [1] Financial Performance - Revenue for the period reached 1.823 billion RMB, representing a year-on-year increase of 13.76% [1] - Shareholders' profit amounted to 216 million RMB, reflecting a year-on-year growth of 13.23% [1] - Basic earnings per share were reported at 0.16 RMB [1] Revenue Sources - Property management services remained the largest source of revenue for the company, generating approximately 1.058 billion RMB, which accounted for about 58.0% of total revenue [1] - Revenue from property management services increased by approximately 23.1% compared to the same period last year, driven by an increase in the total managed building area [1]

公告称，物业管理服务仍集团的最大收益来源。于本期内，物业管理服务收入达约10.58亿元，占集团 总收益约58.0%。来自物业管理服务的收入较上年同期约8.59亿元增加约23.1%，此增长主要得益自在管 总建筑面积增长。 智通财经APP讯，建发物业(02156)发布截至2025年6月30日止六个月中期业绩，收益18.23亿元(人民 币，下同)，同比增加13.76%;股东应占溢利2.16亿元，同比增加13.23%;每股基本盈利0.16元。 ...

Group 1 - The core viewpoint of the article highlights that Jianfa Property (02156.HK) reported a revenue of approximately RMB 1,822.9 million for the six months ending June 30, 2025, representing a year-on-year growth of about 13.8% [1] - The group's profit for the period was approximately RMB 221.3 million, also reflecting a year-on-year increase of about 13.8% [1] - The profit attributable to equity holders of the company was approximately RMB 216.0 million, which is a year-on-year growth of about 13.2% [1]

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 的 內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 告 的 全 部 或 任 何 部 分 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 C&D Property Management Group Co., Ltd 建發物業管理集團有限公司 （於英屬處女群島註冊成立的有限公司） （股份代號：2156） 截 至 二 零 二 五 年 六 月 三 十 日 止 六 個 月 中 期 業 績 公 告 摘 要 – 1 – 1. 本集團本期收入約為人民幣1,822.9百萬元，較上年同期約人民幣1,602.4 百 萬 元 增 長 約13.8%。 2. 本 集 團 本 期 毛 利 約 為 人 民 幣458.7百 萬 元，較 上 年 同 期 約 人 民 幣403.2 百 萬 元 增 加 約13.8%。本 期 毛 利 率 約 為25.2%，較 上 年 同 期 毛 利 率 約 為 ...

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Insights - The report highlights a decline in new housing transaction volume and value, with a year-on-year decrease of 4.0% in sales area and 6.5% in sales value for the first seven months of 2025 [5][14] - The report indicates a continued downward trend in sales data, with July showing a significant drop of 7.8% in sales area and 14.1% in sales value compared to the previous year [5][14] - The report notes that the construction data shows a narrowing decline, with new construction area down 19.4% year-on-year, while completion area decreased by 16.5% [6][20] - The report emphasizes that the investment in real estate development has seen an increasing decline, with a 12.0% drop in investment amount for the first seven months of 2025 [7][24] - The report mentions that the funding available to real estate developers has decreased by 7.5%, with only personal mortgage loans showing a month-on-month increase [7][27] Summary by Sections Sales Data - In the first seven months of 2025, the total sales area of commercial housing was 516 million square meters, down 4.0% year-on-year, with residential sales area down 4.1% [5][14] - The sales value for the same period was 4.96 trillion yuan, a decrease of 6.5% year-on-year, with residential sales value down 6.2% [5][14] Construction Data - The new construction area for the first seven months was 352 million square meters, down 19.4% year-on-year, with residential new construction down 18.3% [6][20] - The completion area was 250 million square meters, down 16.5% year-on-year, with residential completion down 17.3% [6][20] Investment Trends - Real estate development investment for the first seven months was 5.36 trillion yuan, down 12.0% year-on-year, with residential investment down 10.9% [7][24] - The funding available to developers was 5.73 trillion yuan, down 7.5% year-on-year, with domestic loans and personal mortgage loans showing slight increases [7][27] Investment Recommendations - The report suggests that the traditional off-season in July and August will see continued weakness in supply and demand, with a recommendation for strong credit real estate companies that can capture improvement-driven customer demand [8][33] - It also highlights companies benefiting from both residential and commercial real estate recovery, as well as those with high-quality property management services [8][33]

格隆汇8月12日丨建发物业(02156.HK)公告，公司将于2025年8月22日(星期五)举行董事会会议，以考虑 及通过公司及其附属公司截至2025年6月30日止的6个月中期业绩，及派发中期股息(如有)，以及处理任 何其他事项。 ...

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 的 內 容 概 不 負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 C&D Property Management Group Co., Ltd 建 發 物 業 管 理 集 團 有 限 公 司 （於英屬處女群島註冊成立的有限公司） 主席兼執行董事 喬海俠 香港，二零二五年八月十二日 於本公告日期，本公司執行董事為喬海俠女士（ 主席 ）及黃黨輝先生（ 行政總裁 ）； 本公司非執行董事為林偉國先生及許伊旋先生；及本公司獨立非執行董事為李卓 然先生、李國泰先生及胡一威先生。 （股份代號：2156） 董事會會議召開日期 建發物業管理集團有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司將於 二零二五年八月二十二日（ 星期五 ）舉行董事會會議，以考慮及通過本公司及其附 屬 公 司 截 至 二 零 二 五 年 六 月 三 十 日 止 的 六 個 月 中 期 業 績 ， 及 派 發 中 期 股 息（ 如 有 ） ...

Core Viewpoint - The delivery of takeout in residential areas, particularly high-end communities, faces challenges in balancing efficiency and safety, with various property management companies implementing effective solutions to address these issues [1][2][3]. Group 1: Delivery Challenges - The "last 100 meters" delivery issue remains unresolved, with no unified industry standards, leading to conflicts between delivery riders and property management [1][5]. - High-end residential areas like Rinheng Park Century in Shanghai have implemented strict delivery protocols, causing frustration among delivery riders due to time-consuming processes [2][3]. - The increasing number of "people-vehicle separated" communities complicates the delivery process, with differing opinions among residents on how to manage deliveries safely [3][6]. Group 2: Successful Management Cases - Some property management companies have successfully collaborated with internet delivery platforms to enhance delivery efficiency, such as implementing shuttle services for riders [1][4]. - The "Rider-Friendly Community" initiative is being promoted across various provinces, aiming to improve the delivery experience for riders while ensuring safety for residents [1][8]. - Examples of effective management include the implementation of dedicated delivery vehicles in large residential areas, allowing riders to switch to community-provided vehicles for faster delivery [6][7]. Group 3: Technological Solutions - Leading property companies are leveraging technology to streamline the entry process for delivery riders, significantly reducing wait times at entry points [7][8]. - Initiatives like the "Rider-Friendly Map" in Shanghai have been introduced to optimize delivery routes, saving riders an average of 20% in delivery time [9]. - Local governments are also taking steps to categorize residential areas based on delivery access, simplifying the entry process for riders and reducing conflicts [8][9].

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 致：香港交易及結算所有限公司 公司名稱: 建發物業管理集團有限公司 呈交日期: 2025年8月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02156 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | 3,000,000,000 | | HKD | | 0.01 | HKD | | 30,000,000 | | 增加 / 減少 (-) | | | 0 | | | | HKD | | 0 | | 本月底結存 | | | 3,000,000, ...

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Views - The report indicates that the real estate market is moving towards stabilization, with new housing prices showing a decrease in month-on-month (MoM) but a smaller year-on-year (YoY) decline. The second-hand housing prices are experiencing a similar trend, with a YoY decline narrowing while the MoM decline is expanding [8][19][26]. Summary by Sections New Housing Market - In June 2025, new housing prices in first, second, and third-tier cities decreased by -0.3%, -0.2%, and -0.3% respectively, with a total of 70 cities showing a MoM decline of -0.3%, which is a 0.1 percentage point increase in decline compared to May [14][15]. - The YoY decline for new housing prices in first, second, and third-tier cities was -1.4%, -3.0%, and -4.6% respectively, leading to an overall YoY decline of 3.7% for 70 cities, which is a reduction of 0.4 percentage points compared to the previous month [14][15]. Second-Hand Housing Market - The second-hand housing prices in June 2025 saw a MoM decline of -0.6%, with first, second, and third-tier cities experiencing declines of -0.7%, -0.6%, and -0.6% respectively. This represents an increase in the decline of 0.1 percentage points compared to May [19][21]. - The YoY decline for second-hand housing prices across 70 cities was -6.1%, with first, second, and third-tier cities showing declines of -3.0%, -5.8%, and -6.7% respectively, indicating a narrowing of the decline for some tiers [19][22]. Regional Performance - In June 2025, Shanghai led the new housing market with a MoM increase of +0.4% and a YoY increase of +6.0%. Among the 35 key cities, only Shanghai, Hangzhou, and Taiyuan saw YoY increases in new housing prices [26][27]. - The second-hand housing prices in June across 35 cities showed a decline, with only Xining experiencing a MoM increase of +0.1%. The overall trend indicates a consistent decline in second-hand housing prices since early 2024 [26][27]. Investment Recommendations - The report suggests focusing on strong credit real estate companies that are well-positioned to meet the needs of improvement-oriented customers, such as Greentown China, China Merchants Shekou, and China Overseas Development [8][26]. - It also recommends companies benefiting from both residential and commercial real estate recovery, such as China Resources Land and Longfor Group, as well as high-quality property management firms under the "Good House, Good Service" policy [8][26].