格隆汇1月13日丨贝壳-W(02423.HK)公告，1月12日耗资350万美元回购59.78万股。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 貝殼控股有限公司 呈交日期： 2026年1月13日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | | 不同投票權架構公司普通股 | 股份類別 A | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | | 02423 | 說明 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | 事件 | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | 每股發行/出售價 (註4) | 已發行股份總數 | | | ...

Core Viewpoint - Beike has issued an internal notice emphasizing self-regulatory behavior across its platform, reiterating a neutral market perspective and strict adherence to company values [1] Group 1: Internal Regulations - The notice outlines "Three Musts" focusing on service standards, which include providing honest and professional services to stabilize the market, ensuring the authenticity of property information and fulfilling commitments, and offering comprehensive and objective information to assist users in making rational decisions [1] - The "Six Prohibitions" include banning subjective speculation that undermines the market, distorting interpretations of national policies, and disseminating false information [1] Group 2: Enforcement and Compliance - The company has stated that violations will be strictly punished internally, with reports of employees and agents in locations such as Hangzhou and Changsha already facing severe penalties for non-compliance [1]

Core Viewpoint - Beike has issued an internal notice emphasizing self-regulatory behavior across its platform, reiterating a neutral market perspective and strict adherence to company values [1] Group 1: Internal Regulations - The notice outlines "Three Musts" focusing on service standards, which include providing honest and professional services to stabilize the market, ensuring the authenticity of property information and fulfilling commitments, and offering comprehensive and objective information to assist users in making rational decisions [1] - The "Six Prohibitions" include banning subjective speculation that undermines the market, distorting interpretations of national policies, and disseminating false information [1] Group 2: Enforcement and Compliance - The company has stated that violations will be strictly punished internally, with reports of employees and agents in locations such as Hangzhou and Changsha already facing severe penalties for non-compliance [1]

Investment Rating - The report maintains a "Recommendation" rating for the real estate sector [2] Core Insights - The real estate sector index increased by 5.1% in the second week of January 2026, ranking 11th among 31 primary industry sectors [8][10] - New housing transactions in 20 monitored cities saw a 37% year-on-year decrease, while the average daily transaction volume increased by 104% week-on-week [22][27] - The report highlights three main issues in the real estate market: declining new housing demand, unresolved inventory issues, and the negative impact of land finance on the economy [34][35] Summary by Sections Industry Basic Data - The total market capitalization of the real estate sector is approximately 12,626.37 billion [2] Policy News - In Shenyang, new policies were implemented to optimize housing fund loans, including extending the minimum down payment policy to December 31, 2026, and increasing the loan limit for new citizens and youth [18][19] - Shanghai emphasized creating a fair market competition environment through new regulations [18][19] Sales Data - In the second week, the average daily transaction volume for new homes in 20 cities was 21.8 million square meters, with total transactions of 153 million square meters [26][27] - The average daily transaction volume for second-hand homes in 11 cities was 30.3 million square meters, with total transactions of 212 million square meters [27][32] Financing - The report notes that most companies issuing bonds this week are local state-owned enterprises, with New Hope Real Estate issuing the largest amount of 8.8 billion [33] Investment Recommendations - The report suggests focusing on three areas to find alpha in the real estate market: precision in land acquisition for developers, stable assets like leading shopping centers, and leading real estate agencies [34][35]

Core Viewpoint - The Hong Kong stock exchange is witnessing a surge in listings from key players in the smart automotive and high-end manufacturing sectors, driven by the need for internationalization and capital raising to compete in a highly competitive environment [1][2]. Group 1: Industry Trends - The industry is shifting from providing standalone smart cockpit or smart driving modules to offering a deeply integrated "central brain," which reduces procurement and development costs for automakers but increases demands on suppliers' cross-domain technology integration capabilities [2]. - The smart automotive sector is characterized by high technical barriers, significant R&D investments, and high growth expectations, necessitating continuous capital input [2][3]. Group 2: Company Strategies - Desay SV's decision to pursue a Hong Kong listing is driven by the urgency to secure funding for technological advancements and to enhance its international presence, with the goal of establishing a global brand [1][2]. - The company emphasizes its competitive edge in the "cockpit and driving integration" sector, highlighting its cost optimization and performance capabilities compared to non-integrated solutions [1]. Group 3: Competitive Landscape - The automotive industry is experiencing intense competition, with various players, including startups and tech giants, entering the market with diverse business models and technologies [3]. - Companies are preparing for a "comprehensive consumption war," where the funds raised from the Hong Kong listing will be crucial for navigating the complexities of competition and ensuring agility in response to cross-industry challenges [3].

贝壳-W(02423)发布公告，于2026年1月9日斥资350万美元回购61.62万股。 ...

智通财经APP讯，贝壳-W(02423)发布公告，于2026年1月9日斥资350万美元回购61.62万股。 ...

格隆汇1月12日丨贝壳-W(02423.HK)发布公告，2026年1月9日耗资350万美元回购61.62万股。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 貝殼控股有限公司 呈交日期： 2026年1月12日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 不同投票權架構公司普通股 | 股份類別 A | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 02423 | 說明 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有已發 行股份（ ...