【财华社讯】保利物业(06049.HK)公布，公司接获公司控股股东保利发展的通知，公司执行董事兼董事 长吴兰玉已获委任为保利发展副总经理。 本文源自：财华网 ...

智通财经APP讯，保利物业(06049)发布公告，公司执行董事兼董事长吴兰玉已获委任为保利发展副总经 理。 ...

POLY PROPERTY SERVICES CO., LTD. 保利物業服務股份有限公司 （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分內容而產生或因依 賴該等內容而引致之任何損失承擔任何責任。 承董事會命 保利物業服務股份有限公司 董事長兼執行董事 吳蘭玉 中國廣州，2025年8月8日 於本公告日期，本公司執行董事為吳蘭玉女士及姚玉成先生；本公司非執行董事 為劉平先生及劉智慧先生；及本公司獨立非執行董事為王小軍先生、譚燕女士及 張禮卿先生。 （股份代號：06049） 自願性公告 控股股東委任副總經理 保利物業服務股份有限公司（「本公司」）接獲本公司控股股東保利發展控股集團股 份有限公司（「保利發展」）的通知，本公司執行董事兼董事長吳蘭玉女士已獲委任 為保利發展副總經理。 如本公司董事會之組成或董事之角色和職能有任何後續變動，本公司將適時另行 公告。 ...

Investment Rating - The investment rating for the real estate industry is "Positive" (maintained) [4][5][59] Core Viewpoints - The report emphasizes the importance of implementing the spirit of the Central Urban Work Conference and conducting high-quality urban renewal [3][47] - The report highlights that since September 2024, the central government's clear requirement has been to stabilize the real estate and stock markets, which is crucial for boosting social expectations and facilitating domestic demand circulation [5][50] Market Performance - The Shanghai Composite Index fell by 0.9%, the Shenzhen Component Index by 1.6%, the ChiNext Index by 0.7%, and the CSI 300 Index by 1.8%, while the real estate sector (Shenwan) dropped by 3.4% [5][8] - In terms of individual stocks, the top five gainers were Zhujiang Co. (+13.5%), Dazhong Electronics (+10.3%), Zhangjiang Hi-Tech (+6.8%), ST Nanzhi (+6.1%), and Quzhou Development (+5.9%), while the top five losers included Hainan Airport (-8.4%), Jindi Group (-8.1%), Lujiazui (-7.9%), China Merchants Shekou (-7.7%), and Hainan Expressway (-7.7%) [5][8] Data Tracking New Housing Transactions - For the week of July 26 to August 1, 205,000 square meters of new homes were sold across 42 key cities, a 19.9% increase from the previous week, but a 20.8% decrease year-on-year [14][18] - In July, a total of 761,000 square meters of new homes were sold, representing a 31.8% decrease month-on-month and an 18.3% decrease year-on-year [18] Second-Hand Housing Transactions - For the week of July 26 to August 1, 185,000 square meters of second-hand homes were sold across 21 key cities, a 5.4% decrease from the previous week, but a 2.5% increase year-on-year [29][35] - In July, a total of 854,000 square meters of second-hand homes were sold, reflecting a 2.1% decrease month-on-month and a 3.9% decrease year-on-year [35] Industry News - The Central Political Bureau meeting emphasized the need for high-quality urban renewal and the implementation of policies to stabilize the real estate market [47][48] - The National Taxation Administration reported that since the implementation of the housing tax refund policy, 11.1 billion yuan has been refunded, alleviating the tax burden on residents [47][48] Company Announcements - Lujiazui achieved a revenue of 6.598 billion yuan in the first half of 2025, a year-on-year increase of 33.9%, while the net profit attributable to shareholders was 815 million yuan, a year-on-year decrease of 7.9% [50][51] - Dazhong City completed a targeted issuance of 2.426 billion yuan, increasing its total share capital to 4.286 billion shares [50][51]

Core Insights - The report highlights the expansion of the top 50 property service companies in China, with a total new contract area of approximately 69.68 million square meters in July 2025, showing a decrease in expansion activity compared to June [1][11] - The leading sectors for third-party expansion in July were schools (27.4%), residential (24.2%), and office spaces (22.4%), indicating a shift in focus towards educational projects [1][13] - Country Garden Services secured the highest contract amount in July for a city service project, totaling nearly 140 million yuan, specifically for a sanitation integration project in Ningde City [1][19][22] Expansion Analysis - In July, the total new third-party expansion area reached 62.42 million square meters, with only six companies achieving a scale of over 3 million square meters, representing 36.4% of the total [11] - The top three companies for new commissioned project expansions were Yalife Group (4.38 million square meters), Shimao Services (4.11 million square meters), and China Overseas Property (4 million square meters) [12][11] - The overall new commissioned project expansion area for the top 50 companies decreased by 22.6% from June's 14.01 million square meters to 10.84 million square meters in July [23] Sector Performance - The top-performing companies in various sectors included Yalife Group in school projects (2.24 million square meters), Country Garden Services in residential projects (1.2 million square meters), and Shimao Services in office projects (1.44 million square meters) [16][18] - The diversification into non-residential sectors is becoming a competitive advantage for leading property companies, as they seek new profit growth points [16] Contract Amounts - The total contract amount for the top 10 city service projects in July was approximately 840 million yuan, with Country Garden Services leading at nearly 140 million yuan for a three-year sanitation project [20][22] - The report indicates that the top five companies for new associated presale areas were Greentown Services, Wanwu Cloud, Poly Property, China Merchants Jinling, and China Overseas Property, maintaining high conversion capabilities [23]

FF301 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 致：香港交易及結算所有限公司 公司名稱: 保利物業服務股份有限公司（於中華人民共和國註冊成立的股份有限公司） 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 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06049 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 347,000,090 | RMB | | 1 | RMB | | 347,000,090 | | 增加 / 減少 (-) | | | | | | | RMB | | | | 本月底結存 | | | 347,000,090 | RMB | | 1 | RMB | | 347,0 ...

Core Points - The total amount of 9.419 million yuan will be distributed to 872 homeowners in Chengdu's Jin Niu District as a "red envelope" refund from the property management fees that were not fully utilized [1][3] - The refund process has already begun, with over half of the homeowners completing their registration [1][3] Group 1 - The 9.419 million yuan refund originates from the surplus of property management fees collected since the community's completion in 2017, with annual income from property and parking fees nearing 100 million yuan [3][4] - The property management operates on a commission-based model, where 10% of the collected fees are retained as commission, while the remainder is allocated for service expenses [3][4] - The establishment of the homeowners' committee in late 2023 and the implementation of the "double transparency" system in Chengdu have facilitated the demand for financial transparency from the property management [4][6] Group 2 - Homeowners have expressed satisfaction with the refunds, with some receiving amounts equivalent to their annual property and parking fees [2][4] - The "double transparency" system requires property management companies to publicly disclose their financial activities, which has led to increased accountability and responsiveness to homeowner concerns [10][12] - Other cities, including Jinan, Nantong, and Kunming, have also initiated similar refund programs, indicating a growing trend in property management practices across China [12][13] Group 3 - The distribution of refunds is seen as a victory for the commission-based model, emphasizing that surplus property fees belong to all homeowners [12][13] - Experts caution that while immediate financial returns are appealing, they may lead to future challenges, such as increased resistance to future fee hikes or maintenance costs [13] - The ultimate goal should be to create a sustainable community asset management strategy rather than focusing solely on annual refunds [13]

Group 1 - The core viewpoint of the report is that among the rated Chinese property management stocks, only China Resources Mixc Lifestyle (01209) receives a "Buy" rating, with expectations of maintaining double-digit profit growth and a dividend payout ratio of 100%, leading to an estimated dividend yield of about 5% and a target price of HKD 44 [1] - The report indicates that Chinese property management stocks have seen a cumulative price increase of over 20% year-to-date, suggesting that the valuation recovery phase has ended [1] - Due to a cautious outlook on the industry fundamentals, the company has downgraded profit forecasts for several property management firms, anticipating a slowdown in profit growth to single digits [1] Group 2 - Based on valuation, the rating for Poly Property (06049) has been downgraded from "Buy" to "Neutral," while China Overseas Property (02669) has been downgraded from "Neutral" to "Underperform," with target prices raised to HKD 37 and HKD 5.5 respectively; it is expected that China Overseas Property will have the lowest dividend yield in the industry at only 3.6% this year [1] - The rating for Greentown Service (02869) has been upgraded from "Underperform" to "Neutral," as its high-end brand aligns with the market demand differentiation trend, with the target price increased from HKD 3.8 to HKD 5 [1]

报告指，中国物管股年初至今股价累计上涨逾20%，预期估值修复期已结束。考虑到行业基本面仍持审 慎看法，该行下调对一众物管商的盈利预测，预期盈利增长幅度将放缓至单位数。 智通财经APP获悉，美银证券发布研报称，所评级的中国物管股当中，目前只有华润万象生活(01209) 获"买入"评级，美银证券预期该公司盈利维持双位数增幅，而且派息比率高达100%，股息回报率料达 约5%，予目标价44港元。 基于估值，将保利物业(06049)的评级从"买入"降至"中性"，中海物业(02669)也从"中性"降至"跑输大 市"，目标价分别升至37港元及5.5港元，预期中海物业今年预测股息回报率仅录3.6%，属行业最低。同 时该行将绿城服务(02869)的评级从"跑输大市"升至"中性"，认为其高端品牌符合市场需求分化的趋势， 目标价从3.8港元上调至5港元。 ...

POLY PROPERTY SERVICES CO., LTD. 保利物業服務股份有限公司 （於中華人民共和國註冊成立的股份有限公司） 審核委員會職權範圍 第一章 成員 第二章 秘書 1 第一條 審核委員會（「審核委員會」）須由保利物業發展股份有限公司（「本公司」） 董事會（「董事會」）成立，且須由最少三名成員組成。 第二條 審核委員會須全部由非執行董事組成，當中成員（「成員」）須以獨立非執 行董事佔大多數及最少一名具備合適專業資格或會計或相關財務管理專 長之獨立非執行董事。 第三條 審核委員會的主席須由董事會委任，並須為獨立非執行董事。 第四條 本公司現有核數公司前合夥人於(a)不再為該公司合夥人之日；或(b)不再 於該公司享有任何財務利益之日（以日期較後者為準）起計兩年期間內不 得擔任本公司審核委員會的成員。 第五條 成員的任期與董事一致。成員任期屆滿，連選可連任。成員在任期內如 不再擔任董事職務，則自動失去成員資格，成員未達到規定最低人數 時，董事會應予以補充。 第六條 審核委員會的秘書由本公司的公司秘書、聯席公司秘書或其受委人擔任。 第七條 審核委員會可不時委任其他任何具備合適資格及經驗的人士為審核委 ...