行业人士表示，在存量竞争加剧的行业背景下，以"灵石"为代表的智能技术正成为激活不动产价值的核 心引擎，推动行业从规模扩张向质量效益转型，为城市可持续发展注入持久动力。 （文章来源：新华财经） "目前，第三代'灵石'已开始部署蒸馏大模型，并衍生出端侧灵石，植入扫地车、巡逻车等机器人体 内。'灵石'开始构建涵盖软件、机器人、低碳及增值服务的全方位生态。"朱保全表示，为每个不动产 配置"灵石"，助力不动产业主降费提租，是万物云从"服务红海"走向"算力蓝海"的未来战略。 据悉，"灵石"目前已实现44种场景的商用化，未来还将接入算力服务，为不动产打造ESG标签，为企业 提供碳服务等。 新华财经上海12月12日电当前不动产行业正从增量开发全面转向存量运营，写字楼空置率走高、人力与 能耗成本上涨等问题凸显，传统粗放式管理已难以为继。在此背景下，如何借助AI与低碳技术，助力 资产持有者在新型城镇化周期下实现精益运营并提升资产回报，成为了行业目光集聚所在。 12日，万物云宣布旗下核心科技产品"灵石3.0"全面开启商业化。据万物云董事长朱保全介绍，类似于 汽车拥有"自动驾驶"系统，"灵石"能够帮助不动产进化为具备感知与思考能力的 ...

"这是公司成立以来，我第一次做报告不讲物业。"12月12日，万物云（02602.HK）董事长朱保全在万 物云睿见大会上感慨道，当日万物云启动了"灵石3.0"产品的全面商业化。依托这款产品，智慧与低碳 成为这家头部物业企业走出"服务红海"的两大关键抓手。 围绕定位于"不动产管理AI大脑"的"灵石3.0"，万物云与云深处、优必选等机器人企业，宁德时代 （300750）、隆基绿能（601012）等低碳伙伴，启动"灵石生态联盟"；与中国铁建（601186）、华住酒 店集团、海康威视（002415）等21家企业完成战略客户签约仪式，将共同推动"灵石"在更多空间场景的 落地应用。 记者看到，会场所在的上海国际传媒港已经全面应用"灵石"产品，在"灵石"的分配下，摄像头检测落地 的垃圾派单给清洁机器人，自动的完成了垃圾清理任务。这是第一代"灵石"基于视频流信息即可完成的 任务之一，朱保全将之形容为实现从"人找事"到"事找人"的转变。 以降本增效为导向，此类聚焦单一领域的智能产品应用在业内已经较为常见。今年以来，新大正 （002968）物业携手赛特智能推出智能清洁机器人，南都物业（603506）投资云象机器人，均旨在推动 智慧 ...

Investment Rating - The industry investment rating is "Buy" [2] Core Viewpoints - The Central Economic Work Conference emphasizes stabilizing the real estate market, focusing on risk resolution and encouraging the acquisition of existing properties for affordable housing [5][8] - The overall tone of the conference is the most positive of the year, indicating a responsive approach to the industry's downward trend [14] - The policy shift from "stimulating demand" to "digesting inventory and optimizing supply" reflects a strategic change in real estate policy [14] Summary by Sections Economic Work Conference Insights - The conference held on December 11, 2025, updated its stance on real estate, focusing on stabilizing the market and managing risks effectively [5][8] - Key measures include controlling new land supply, revitalizing existing land and commercial properties, and promoting the construction of quality housing [5][8] Policy Evolution - The shift in policy from "stimulating demand" to "controlling increment, reducing inventory, and optimizing supply" has been noted since April 2024 [14] - The emphasis on "risk prevention" suggests that 2026 may see intensified contradictions within the real estate sector [14] Company Valuation and Financial Analysis - The report includes a detailed valuation and financial analysis of key companies in the real estate sector, with several companies rated as "Buy" [6] - Notable companies include Vanke A, China Overseas Development, and Poly Developments, all showing potential for strong performance [6][17] Recommendations - The report recommends several A-share and H-share companies for investment, indicating a focus on both development and property management sectors [17]

克而瑞物管发布2025年11月中国物业服务企业新增合约面积TOP50。数据显示，11月，TOP50企业新增合约面积约5216万平方米，新增第三方拓展规模 4735万平方米，头部企业规模持续扩张。10月企业拓展热度相较10月下降，下降24.73%；全委项目共计拓展496个，相较于10月491个略微上升。11月第 三方拓展规模前三的业态是住宅、学校、办公，其中住宅项目占比27.6%，学校项目占比22.9%，办公项目占比18.5%，城市服务项目来看，碧桂园服务以 近1.4亿元的合同额，成为11月城市服务项目合同金额冠军。该项目福鼎市城区环卫一体化项目，服务期限为3年。 2025年11月，TOP50企业新增合约面积约5216万平方米；TOP10企业新增合约面积3083万平方米，占比59.08%，11月华润万象生活新增合约面积最高为 449万平方米。11月头部物企拓展规模竞争TOP10门槛较上月168略微下降，为131万平方米。 | 9 | 雅生活集团 | 143 | | --- | --- | --- | | 10 | 万达商管 | 131 | | 11 | 金茂服务 | 118 | | 12 | 新城悦服务 | 1 ...

Core Viewpoint - The company, Wanwu Cloud (02602.HK), has announced its intention to repurchase H-shares in the open market, utilizing a budget of RMB 500 million as authorized by shareholders at the annual meeting on May 16, 2025 [1] Summary by Sections Share Buyback Authorization - The board of directors has decided to exercise the general authority granted by shareholders to repurchase H-shares [1] - The company is permitted to buy back up to 115,649,292 H-shares, which represents 10% of the total H-shares issued as of the special resolution passed at the shareholders' meeting [1] Financial Implications - The funds required for the share buyback will be sourced from the company's own financial resources [1]

Core Points - The company, Wanwu Cloud, has announced that its board of directors has begun exercising the general authorization obtained at the 2025 annual shareholders' meeting to repurchase H-shares [1] - The planned repurchase will utilize a maximum fund of RMB 500 million [1] - The company aims to buy back up to 116 million H-shares, which represents 10% of the total issued H-shares [1] - The repurchase price will be determined based on market conditions and fluctuations in H-share prices [1] - The repurchase period will last until the end of the 2025 annual shareholders' meeting or until the authorization is revoked by the shareholders' meeting [1] - The funding for the repurchase will come from the company's own financial resources [1]

董事会相信，在当前市况下回购股份将彰显公司对自身业务发展及前景充满信心，并最终使公司受益及 为股东创造价值回报，符合公司及股东的整体利益。 根据股份回购授权，公司获准回购最多115,649,292股H股，占公司于股东周年会上通过特别决议案当日 已发行H股总数(不包括库存股份及已回购但尚未注销的H股)的10%，并维持足够的公众持股量。此次股 份回购所需资金将以公司自有财务资源拨付。 万物云(02602.HK)公告，董事会谨宣布，其已开始行使其于根据公司股东于2025年5月16日举行的公司 股东周年会上授予董事会回购公司H股的一般性授权项下权力。董事会决定适时行使股份购回授权于公 开市场回购H股，拟动用的资金上限为人民币5亿元，实际回购价格将参照(其中包括)市场情况、公司H 股现行市价相较公司H股发行价格的波动等因素，并结合《香港联合交易所有限公司证券上市规则》及 公司须遵守的所有适用法律及法规所厘定。 ...

万物云公告，董事会已开始行使其于2025年股东周年会上获得的回购H股的一般性授权。计划在公开市 场回购H股，拟动用资金上限为人民币5亿元。根据授权，可回购最多1.16亿股H股，占已发行H股总数 的10%。回购价格将根据市场情况、H股市价波动等因素确定。回购期至2025年股东周年会结束时或股 东会撤销授权之日止。资金来源为公司自有财务资源。 ...

Core Viewpoint - The company, Wanwu Cloud (02602), has announced a decision by its board to utilize the share buyback authorization to repurchase H-shares in the open market, with a funding cap of RMB 500 million [1] Summary by Relevant Sections Share Buyback Plan - The board plans to repurchase H-shares based on market conditions and the current market price of the company's H-shares compared to their issuance price, adhering to the rules of the Hong Kong Stock Exchange and applicable laws [1] - The company is authorized to buy back a maximum of 115,649,292 H-shares, which represents 10% of the total H-shares issued as of the special resolution passed at the annual general meeting, while maintaining sufficient public float [1] Financial Implications - The funds required for the share buyback will be allocated from the company's own financial resources [1] - The board believes that the share buyback under current market conditions reflects the company's confidence in its business development and prospects, ultimately benefiting the company and creating value for shareholders [1]

Onewo Inc. 萬物雲空間科技服務股份有限公司 （於中華人民共和國註冊成立的股份有限公司） 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全部或任何部分內容所產生或因依賴 該等內容而引致的任何損失承擔任何責任。 股份回購之實施期至下列兩者最早之日期為止：(i)本公司2025年股東周年會結束 時；或(ii)本公司任何股東會通過特別決議案撤銷或更改相關特別決議案所述給予 的授權之日。 1 本公司將遵照公司章程、《香港聯合交易所有限公司證券上市規則》、香港《公司 收購、合併及股份回購守則》、中華人民共和國法律以及本公司須遵守的所有適用 法律及法規進行股份回購。 董事會相信，本公司目前的財務資源將使其能夠在維持穩健財務狀況的同時實施 股份回購。 股東及潛在投資者應注意，本公司之場內股份購回將視乎市況進行，並將由董事 會及╱或其授權人士全權酌情決定。概無法保證任何購回的時間、數目或價格， 或本公司是否將進行任何購回。股東及潛在投資者在買賣本公司股份時務請審慎 行事。 （股份代號：2602） 自願性公告 有意於市場上進行股份回購 ...