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12月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中海物業集團有限公司 呈交日期: 2026年1月5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) | 02669 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 30,000,000,000 | HKD | | 0.001 | HKD | | 30,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 30,000,000,000 | HKD | | 0.001 | HKD | | 30,000,000 | 本月底法定 ...

Investment Rating - The report maintains an "Overweight" rating for the real estate industry [4][6] Core Views - The real estate market in 2025 is expected to remain sluggish, with new home transactions down by 15.8% year-on-year, while second-hand home transactions show a slight increase of 3.9% [11][22] - The report emphasizes that the policy environment is expected to become more stringent, similar to the conditions seen in 2008 and 2014, indicating that the current policy adjustments are still in progress [4] - The report suggests that the real estate sector serves as an early economic indicator, making it a valuable asset class for investment [4] - The competitive landscape in the industry is improving, with leading state-owned enterprises and select mixed-ownership and private companies expected to perform better in land acquisition and sales [4] - The report highlights a focus on first-tier and select second-tier cities for investment, as these areas are likely to see better performance during market rebounds [4] Summary by Sections New Home Transactions - In 2025, the cumulative new home transaction volume in 30 sample cities reached 98.217 million square meters, a decrease of 15.8% year-on-year [11] - First-tier cities accounted for 26.191 million square meters, down 12.0%, while second-tier cities saw a decline of 15.6% to 49.040 million square meters [11] - December 2025 saw a significant drop in new home transactions, with a total of 9.679 million square meters, reflecting a year-on-year decrease of 40.0% [2][11] Second-Hand Home Transactions - The total area of second-hand home transactions in 2025 was 103.989 million square meters, marking a year-on-year increase of 3.9% [22] - First-tier cities recorded a total of 43.287 million square meters in second-hand home transactions, up 4.4% year-on-year [22] Market Performance - The report notes that the real estate index decreased by 0.7% this week, lagging behind the CSI 300 index by 0.10 percentage points, ranking 19th among 31 sectors [34] - The report identifies a total of 28 stocks that increased in value this week, while 82 stocks experienced declines [34] Credit Bond Issuance - In the week of December 29 to January 4, only one credit bond was issued by real estate companies, totaling 250 million yuan, a decrease of 44.82 million yuan from the previous week [45]

Core Viewpoint - The rapid development of the internet has led property companies to utilize both traditional and new media platforms to create a comprehensive communication matrix, achieving boundary-less and full coverage of information dissemination [1][12]. Group 1: Brand Communication Strategies - Property companies are increasingly experimenting with new digital media channels, leveraging platforms like WeChat and Douyin to enhance brand exposure and communication reach [1][12]. - The use of personalized and practical functional modules on platforms such as WeChat public accounts and video accounts has increased the breadth of brand communication, allowing audiences to understand corporate brand concepts from multiple channels and perspectives [1][12]. Group 2: Monitoring and Research Findings - The China Index Academy conducted a monitoring study on brand communication information of property service companies for the year 2025, focusing on WeChat public accounts, video accounts, and Douyin [1][12]. - The report titled "Top 50 Brand Communication of Property Service Companies in China (2025)" highlights companies that effectively utilize new media to maximize communication benefits and enhance brand influence [1][12]. Group 3: WeChat Public Account Performance - In 2025, the top 50 property service companies' WeChat public accounts collectively achieved approximately 39.528 million reads, with an average of about 790,000 reads per account [5][17]. - The top three companies by WeChat public account reads were Country Garden Services Group (5,049,017), China Overseas Property Management (3,712,369), and Poly Property Services (2,643,051) [3][5]. Group 4: WeChat Video Account Performance - The top 30 property service companies' WeChat video accounts garnered a total of 12.52 million likes and shares, with an average of approximately 417,000 per account [9][20]. - The leading WeChat video accounts were New Hope Property Services (5,048,000), Shenzhen Jindi Property Management (1,127,180), and Country Garden Services (775,562) [7][20]. Group 5: Douyin Video Account Performance - The top five property service companies on Douyin achieved a total of 3.316 million likes and shares, with New Hope Services leading at over 2.155 million [10][22]. - Other notable companies included Wanwu Cloud Space Technology (376,408) and Green City Smart Living (290,513) [10][22].

Major Events - The National Housing and Urban-Rural Construction Work Conference was held in Beijing from December 22 to 23, 2025, focusing on the review of 2025's work and planning for the "14th Five-Year Plan" achievements and key tasks for 2026 [7][51] - The conference emphasized the importance of stabilizing the real estate market and implementing property service quality improvement actions, exploring new models of coordination among community party organizations, residents' committees, owners' committees, and property service enterprises [7][51] Policy Dynamics - The Nanjing Housing Security and Real Estate Bureau released a draft work plan for the "List-based Management of Law Enforcement in Residential Communities," aiming to establish a long-term management mechanism for residential communities [13][59] - The plan focuses on integrating various stakeholders and optimizing collaborative governance paths, utilizing digital platforms for smart management to create a clear, orderly, and efficient community governance structure [16][59] Corporate Dynamics - Shimao Services announced plans to enter the sewage treatment market in Liaoning Province through a partnership agreement with Huludao Yongsheng Project Management Consulting [17][60] - China Overseas Property announced a capital increase agreement with China Construction Asset Management, involving a total investment of approximately RMB 39 million [21][64] - Jin Ke Services disclosed the results of a temporary shareholders' meeting, where a delisting resolution was approved [24][66] Capital Market - The Hang Seng Index closed at 25,818.93 points, up 0.50%, with 16 property service companies rising, and 29 companies outperforming the index [32][74] - During the fourth week of December 2025, 2,098 new projects were added across key cities, covering a total construction area of 100.96 million square meters, including 479 residential projects and 398 commercial office projects [34][75] New Projects - The fourth week of December 2025 saw a total of 2,098 new projects, with 1,015 in the industrial sector and 206 in other categories [34][75] - The distribution of new projects included significant contributions from major cities, indicating a robust pipeline for future development [38][75] Tender Information - A total of 11,553 property-related tender notices were published in key regions such as Beijing-Tianjin-Hebei and Guangdong-Hong Kong-Macau, with non-residential projects making up the majority [41][81]

Core Viewpoint - China Overseas Property (02669.HK) has announced a capital increase agreement involving its subsidiaries and China State Construction Asset Management, with a total investment of approximately RMB 39 million [1] Group 1: Investment Details - Beijing China Overseas, China Overseas Hongyang, and China Overseas Haihui will contribute approximately RMB 13.9 million, RMB 13.9 million, and RMB 11.2 million respectively to the target company [1] - A total of approximately RMB 37.8 million will be allocated to increase the registered capital of the target company, while around RMB 1.2 million will be used to enhance the capital reserves [1] - China State Construction Asset Management will waive its preemptive rights related to the capital increase [1]

Core Viewpoint - The company is expanding its business operations through a capital increase agreement with China State Construction Asset Management and China State Construction Property Management, which will enhance its position as a leading property management company in mainland China [1][2]. Group 1: Capital Increase Agreement - The company, through its subsidiaries, will invest a total of approximately RMB 39 million in the target company, with RMB 37.8 million allocated for increasing the registered capital and RMB 1.2 million for capital reserves [1]. - After the capital increase, the company will hold a combined 70% equity stake in the target company, which will become a subsidiary and its financial performance will be consolidated into the company's financial statements [1]. Group 2: Strategic Business Expansion - The capital increase will provide an opportunity for the company to expand its business footprint and operational scale in Zhangjiakou, reinforcing its competitive position in the urban auxiliary facilities management sector [2]. - The target company's existing portfolio includes approximately 17 projects, supported by an experienced professional team, which is expected to generate stable income [2]. Group 3: Management and Integration - Since August 2023, the target company has entrusted its property management and newly established urban auxiliary facilities management business to the company, facilitating a smooth transition and alignment with the company's policies and corporate culture [3]. - The strategic cooperation through the management agreement has already led to the successful acquisition of several large urban auxiliary facilities management projects in Zhangjiakou for 2024 [3].

Group 1 - The core point of the news is that China Overseas Property (02669) has entered into a capital increase agreement with China State Construction Asset Management and China State Construction Property Management, involving a total investment of approximately RMB 39 million, which will enhance the company's stake in the target company to 70% [1][2] Group 2 - The capital increase will provide an opportunity for the company to expand its business footprint and operational scale in Zhangjiakou, reinforcing its position as a leading property management company in mainland China [2] - The main objective of the company is to participate in and expand urban operation services, particularly in urban auxiliary facility management, which aligns with the target company's business focus [2] - The target company has a portfolio of approximately 17 projects and an experienced professional team, which is expected to generate stable income for the company [2][3] Group 3 - Since August 2023, the target company has entrusted its property management and newly established urban auxiliary facility management business to the company, allowing for a smooth takeover and alignment with the company's policies and corporate culture [3] - The strategic cooperation under the management agreement has already led to the successful acquisition of several large urban auxiliary facility management projects in Zhangjiakou for 2024 [3]

格隆汇12月24日丨中海物业(02669.HK)发布公告，2025年12月24日，北京中海、中海宏洋及中海海惠 (均为公司的间接全资附属公司)与中建资产管理(为中建集团的直接全资附属公司)及目标公司(即中建物 业管理有限公司)订立增资协议，据此，北京中海、中海宏洋及中海海惠须分别向目标公司出资约为人 民币1390万元、人民币1390万元及人民币1120万元(即合计人民币3900万元)。其中，约为人民币3780万 元将用于增加目标公司的注册资本，约为人民币120万元将用于增加目标公司的资本储备。中建资产管 理将放弃其与增资有关的优先认购权。增资完成后，北京中海、中海宏洋及中海海惠将分别持有目标公 司约25%、25%及20%经扩大股权(即合计70%股权)。 ...

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之內容概不負責， 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。 CHINA OVERSEAS PROPERTY CHINA OVERSEAS PROPERTY HOLDINGS LIMITED 中海物業集團有限公司 （於開曼群島註冊成立之有限公司） (股份代號：2669) 關連交易 對中建物業管理有限公司增資 增資協議 緒言 董事會欣然宣佈，於二零二五年十二月二十四日，北京中海、中海宏洋及中海海 惠（均為本公司之間接全資附屬公司）與中建資產管理（為中建集團之直接全資附 屬公司）及目標公司訂立增資協議，據此，北京中海、中海宏洋及中海海惠須分 別向目標公司出資約為人民幣13.9百萬元、人民幣13.9百萬元及人民幣11.2百萬元 （即合計人民幣39.0百萬元）。其中，約為人民幣37.8百萬元將用於增加目標公司之 註冊資本，約為人民幣1.2百萬元將用於增加目標公司之資本儲備。中建資產管理 將放棄其與增資有關之優先認購權。 於增資完成後，北京中海、中海宏洋及中海海惠將分別持有 ...

Core Insights - The total market capitalization of 63 listed property companies reached 267.416 billion yuan, reflecting a significant increase of approximately 238.234 billion yuan, with a growth rate of 816.37% [1] Market Performance Summary - Among the 63 property companies, 57 maintained stable market values, accounting for 90% of the total [1] - Four companies experienced an increase in market value, totaling an increase of 13.641 billion yuan [1] - Two companies saw a decline in market value [1] Top Gainers - The company with the highest market capitalization increase was Zhongtian Service, which rose by 35.82%, adding 644 million yuan to its total market value of 2.443 billion yuan [1] - The top ten companies by market capitalization increase include Zhongtian Service, Zhujiang Co., New Dazheng, China Merchants Jiyu, Tefa Service, Nandu Property, Runhua Service, Lingyue Service Group, Suxin Service, and Likao Health Life [1] Top Losers - The company with the largest market capitalization decline was Country Garden Services, which reported a 0% decline, resulting in a total market value of 19.024 billion yuan [1] - The top ten companies by market capitalization decline include Country Garden Services, Greentown Services, Color Life, China Overseas Property, Yalife Service, Poly Property, Zhongao Home, Qifu Life Services, Pujiang China, and Xingye Wulian [1]