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 ...

Group 1 - The core index of the China Trading Service Real Estate Index (CESCPD) experienced a slight decline of 0.01%, closing at 1417.95 points with a trading volume of 2.491 billion [1] - Over the past month, the CESCPD index has increased by 8.47%, by 9.17% over the last three months, and has risen 16.00% year-to-date [1] - The CESCPD index tracks the overall performance of publicly listed companies in the mainland real estate development, services, management, and park industries within the Hong Kong Stock Connect [1] Group 2 - The top ten weighted stocks in the CESCPD index include China Resources Land (10.41%), China Overseas Development (9.49%), Beike-W (8.86%), Longfor Group (8.68%), China Resources Mixc Lifestyle (7.62%), Country Garden Services (4.86%), Sunac China (4.67%), China Jinmao (4.12%), Wanwu Cloud (3.99%), and Poly Property (3.65%) [1] - The CESCPD index is fully composed of stocks listed on the Hong Kong Stock Exchange, with a 100% allocation [1] - The index's holdings are entirely focused on the real estate sector, with a 100% allocation to this industry [1]

公司章程 保利物业服务股份有限公司 公司章程 二〇二五年七月修订 | 第一章 | 总 则 | | 1 | | --- | --- | --- | --- | | 第二章 | 公司经营宗旨和经营范围 | | 2 | | 第三章 | 股份和注册资本 | | 3 | | 第四章 | 股份增减和回购 | | 5 | | 第五章 | 股票和股东名册 | | 6 | | 第六章 | 股东的权利和义务 | | 8 | | 第七章 | 股东大会 | | 10 | | 第八章 | 董事会 | | 16 | | 第九章 | 公司董事会秘书 | | 20 | | 第十章 | 总经理及其他高级管理人员 | | 21 | | 第十一章 | 公司董事和高级管理人员的资格和义务 | | 22 | | 第十二章 | 党委 | | 24 | | 第十三章 | 财务会计制度 | | 25 | | 第十四章 | 利润分配 | | 26 | | 第十五章 | 审计 | | 28 | | 第十六章 | 会计师事务所的聘任 | | 28 | | 第十七章 | 公司的合并与分立 | | 28 | | 第十八章 | 公司解散和清算 | | 29 | | 第 ...

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分內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 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） （股份代號：06049） (1) 於2025年7月29日舉行的2025年第二次臨時股東大會、2025年第二 次內資股類別股東大會及2025年第二次H股類別股東大會之投票結果； 及 (2) 取消設立監事會 茲提述保利物業服務股份有限公司（「本公司」）日期為2025年7月11日有關2025年 第二次臨時股東大會（「臨時股東大會」）、2025年第二次內資股類別股東大會（「內 資股類別股東大會」）及2025年第二次H股類別股東大會（「H股類別股東大會」） 的通函（「通函」）及通告（「通告」）（統稱「臨時股東大會文件」）。除非文義另有所 指，本公告所用詞彙與臨時股東大會文件所界定者具有相同涵義。 董事會欣然宣佈，臨時股東大會、內資股類別股東大會及H股類別股東大會已於 2025年7 ...

Core Insights - The article highlights the successful implementation of community-oriented services in the ancient town of Zhouzhuang, Jiangsu, facilitated by the property service team of Poly Development, which has improved the management and operational efficiency of the scenic area [1][3]. Group 1: Community Services and Management - The introduction of a "convenience service boat" by Poly Property has enhanced logistics for local businesses and residents, especially after the "motor ban" in the scenic area [1]. - The property service team has adopted a grid management model and smart management platform to address the challenges of managing a community-type scenic area, which includes over 200 original residents and more than 1,000 shops [1]. - The scenic area, covering only 0.47 square kilometers, has been divided into five grids for better order maintenance and environmental management, with dedicated personnel assigned to each grid [1]. Group 2: Digital Management Platform - Zhouzhuang has launched a digital comprehensive management platform that integrates over 500 high-definition cameras for real-time monitoring of issues such as littering and illegal construction, as well as assisting in locating missing persons [2]. - The management platform allows for efficient tracking of maintenance issues, with a system in place for rapid response to reported problems [2]. - The platform also plays a crucial role in guiding and dispersing tourist traffic during peak times, enhancing overall visitor experience [2]. Group 3: Community Engagement and Support - The establishment of a convenience service station by Poly Property, in collaboration with the government, provides essential services to residents, merchants, and tourists, including repairs and emergency assistance [2]. - The service station offers special support for elderly residents, including small appliance repairs and delivery of essential goods, fostering community engagement [2]. - The positive changes brought by Poly Property's involvement have been recognized by local stakeholders, indicating a successful model of shared governance and community vitality [3].

Group 1 - The core viewpoint of the article highlights the performance of the China Securities Hong Kong Property Management and Services Theme Index, which has shown significant growth over various time frames, including a 5.53% increase in the past month, a 5.99% increase in the past three months, and a 15.01% increase year-to-date [1] - The index comprises 30 listed companies involved in property management services, community value-added services, and non-owner value-added services, reflecting the overall performance of the Hong Kong market in this sector [1] - The index is based on a reference date of December 31, 2019, with a base point of 1000.0 [1] Group 2 - The top ten weighted companies in the index include Poly Property (10.75%), Greentown Service (10.52%), Wanwu Cloud (10.27%), Sunac Services (10.06%), Evergrande Property (10.06%), Yongsheng Services (9.96%), Country Garden Services (9.87%), China Overseas Property (9.83%), Yasheng Life Services (9.5%), and China Resources Mixc Life (9.17%) [1] - The index's holdings are entirely composed of companies listed on the Hong Kong Stock Exchange, with a 100% representation in the real estate management sector [1] - The index samples are adjusted biannually, with adjustments occurring on the next trading day following the second Friday of June and December [2]