Summary of the Conference Call for Nandu Property Company Overview - Nandu Property is the first independent third-party property service company listed on A-shares, established in 1994. As of Q1 2025, it operates in nearly 40 cities, primarily in Jiangsu, Zhejiang, and Shanghai, with approximately 700 signed projects covering nearly 100 million square meters and serving over one million households. The company employs around 8,900 people directly and 15,000 through outsourcing, totaling about 25,000 employees [2][4][5]. Financial Performance - The company has a robust financial position with cash and cash equivalents exceeding 1 billion, net cash flow from operating activities at 179 million, and total liabilities of 30 million, indicating a healthy overall debt structure. Since 2017, Nandu Property has distributed a total of 319 million in dividends, with an average dividend payout ratio of around 35% and a dividend yield exceeding 3% [2][5]. Industry Challenges - The property management industry faces multiple challenges, including labor shortages, cost pressures, and high demands for safety and quality. The vacancy rate for basic positions like cleaning and security exceeds 25% in first-tier cities, while rising labor costs and difficulties in adjusting pricing further complicate the situation. Owners are increasingly demanding higher safety and quality standards, which require specialized personnel, but the supply of skilled labor is insufficient [2][6]. Technological Solutions - The introduction of advanced technologies, particularly through the integration of AI and intelligent robotics, is seen as a potential solution to these industry challenges. The "Giant Rise Intelligent Technology" aims to address labor shortages and cost pressures by integrating large models with practical applications. According to forecasts, the property market size is expected to approach 1.5 trillion by 2025, with a potential market size of nearly 100 billion if 20% of basic services are replaced by intelligent solutions [2][7][11]. Strategic Upgrades - Nandu Property is actively pursuing strategic upgrades by establishing a dual-core driving model of "Ecology + Technology." This involves integrating AI and intelligent robotics into property management and investing in companies like Cloud Elephant Robotics to explore a closed-loop model of "Algorithm + Hardware + Scene" [2][10][12]. Market Potential - The external market space is estimated to be around 1.5 trillion, with cleaning and order management costs accounting for 45% to 60%. If machine replacement efficiency reaches 20%, the external market space could exceed 100 billion. The company plans to leverage joint ventures to promote the machine replacement process and explore new market opportunities [11][12]. Internal Efficiency Gains - Internally, the company estimates that small cleaning machines can replace 1.5 employees, while larger machines can replace 2 to 2.5 employees. In expansive areas like airports, one machine could replace 3 to 6 personnel. A conservative estimate suggests that a 10% replacement rate could increase net profit by 17%, while a 30% replacement rate could lead to over a 50% increase [12][29]. Collaboration and Market Dynamics - Nandu Property's collaboration with Cloud Elephant Robotics is driven by the vast blue ocean market in the property sector, which presents significant application opportunities. The partnership aims to combine technological advancements with practical applications in property management [16][25]. Demand Dynamics - The domestic demand for intelligent solutions is expected to surge due to severe labor shortages, rising labor costs, and government policies encouraging the adoption of new property services and AI technologies. The acceptance of robots in property management is growing, with clients showing a willingness to invest in robotic solutions for cost savings [17][26]. Conclusion - Nandu Property is positioned to leverage technological advancements and strategic partnerships to address industry challenges and capitalize on market opportunities. The company's proactive approach to integrating AI and robotics into its operations is expected to enhance efficiency, reduce costs, and improve service quality, ultimately driving growth in the evolving property management landscape [2][10][31].

Investment Overview - The company has signed a partnership agreement with Jiang Sai Zhi Bo Le Equity Investment Management Co., Ltd., Zhejiang University Net New Technology Co., Ltd., and Hangzhou Jingye Intelligent Technology Co., Ltd. to jointly invest in Hangzhou Sai Zhi Zhu Long Venture Capital Partnership (Limited Partnership) [1] - The target total fundraising scale of the investment fund is RMB 100 million, with the company contributing RMB 33 million, accounting for 33% of the total fundraising scale [1] Fund Progress - The investment fund has completed the business registration process and obtained a business license from the market supervision and management department [2] - The fund has also completed the private investment fund registration procedures with the Asset Management Association of China, obtaining the Private Investment Fund Registration Certificate [2]

2025 年 5 月 6 日，南都物业服务集团股份有限公司（以下简称"公司"）与浙 江赛智伯乐股权投资管理有限公司（简称"赛智伯乐"）、浙大网新科技股份有限公 司和杭州景业智能科技股份有限公司签署了《杭州赛智助龙创业投资合伙企业（有 限合伙）之合伙协议》，共同投资杭州赛智助龙创业投资合伙企业（有限合伙）（以 下简称"合伙企业"或"投资基金"）。投资基金目标募集总规模为人民币 10,000 万元，其中公司作为有限合伙人以自有资金认缴出资人民币 3,300 万元，占基金目 标募集总规模的 33%。具体内容详见公司 2025 年 5 月 7 日披露于《上海证券报》及 上海证券交易所网站（www.sse.com.cn）的《关于公司参与设立投资基金的公告》 （公告编号：2025-022）。 二、投资基金进展 证券代码：603506 证券简称：南都物业 公告编号：2025-024 南都物业服务集团股份有限公司 关于公司参与设立投资基金的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 一、对外投资概述 1、名称：杭州赛智助龙 ...

Group 1 - The A-share real estate sector is active, with New Dazheng hitting the daily limit, indicating strong investor interest [1] - Nandu Property and Debi Group both increased by over 5%, reflecting positive market sentiment towards these companies [1] - Guangyu Group and Huayuan Real Estate saw gains of over 3%, contributing to the overall upward trend in the real estate sector [1]

以下文章来源于睿兽Pro ，作者Bestla 睿兽Pro . 创业邦旗下横跨一二级市场的科创数据平台。实时投资数据、追踪产业创新。找数据、做分析、链资 源，就上睿兽分析。 上周基金重点事件回顾丨04.27-05.11 睿兽分析每周整理最值得关注的 基金重点事件 ，帮 助大家及时了解全球私募股权基金市场动向。 政府引导基金 光谷人才二期基金成功设立 金进行公示，公示期为2025年4月30日至2025年5月9日（含），公示期为5个工作日。任何单位和个人如 对公示项目有异议，可在公示期内以书面形式提出，并列举异议理由和相关证明材料。以个人名义提出 的，需写明自己的真实姓名、单位、联系地址及联系方式等；以单位名义提出的，需加盖单位公章。原 则上匿名异议不予受理。 （石景山金融） 江苏南通高端装备产业专项母基金招GP 江苏省战略性新兴产业母基金与南通市共同出资设立20亿元高端装备产业专项母基金，现启动第一批子 基金管理机构公开遴选。该基金采用有限合伙制，存续期15年（投资期8年+退出期7年），重点投资机器 人、工业母机、商业航天等高端装备领域。基金要求子基金规模不低于5亿元，注册在江苏省内，对省内 企业投资不低于政府出 ...

证券代码：603506 证券简称：南都物业 公告编号：2025-023 南都物业服务集团股份有限公司 2024年年度股东大会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 本次会议采取现场投票和网络投票相结合的方式召开。公司董事长韩芳女士主持 本次股东大会现场会议。本次会议的召集召开及表决方式符合《公司法》《证券 法》《上市公司股东大会规则》等法律、法规、规范性文件及《公司章程》的有 关规定。 (五)公司董事、监事和董事会秘书的出席情况 二、 议案审议情况 (一)非累积投票议案 1、 议案名称：关于公司 2024 年度董事会工作报告的议案 审议结果：通过 (一)股东大会召开的时间：2025 年 5 月 12 日 (二)股东大会召开的地点：浙江省杭州市西湖区紫荆花路 2 号联合大厦 A 座 1 单 元百年阁会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 66 | | --- | - ...

法律意见书 编号: TCYJS2025H0593 号 致;南都物业服务集团股份有限公司 浙江天册律师事务所(以下简称"本所")接受南都物业服务集团股份有限公 司(以下简称"南都物业"或"公司"）的委托,指派本所律师参加公司 2024年 年度股东大会,并根据《中华人民共和国证券法》(以下简称"《证券法》")、 《中华人民共和国公司法》〈以下简称"《公司法》"〉和《上市公司股东大会规 则》(以下简称"《股东大会规则》")等法律、法规和其他有关规范性文件的要 求出具本法律意见书。 在本法律意见书中,本所律师仅对本次股东大会召集、召开程序、出席人员的 资格、召集人的资格、表决程序及表决结果的合法有效性发表意见,不对会议所审 议的议案内容和该等议案中所表达的事实或数据的真实性和准确性发表意见。 法律意见书 浙江天册律师事务所 关于南都物业服务集团股份有限公司 2024 年年度股东大会的 本法律意见书仅供公司 2024年年度股东大会之目的使用。本所律师同意将本 法律意见书随南都物业本次股东大会其他信息披露资料一并公告,并依法对本所 在其中发表的法律意见承担法律责任。 本所律师根据《股东大会规则》的要求,按照律师行业公认的 ...

Group 1 - The core viewpoint of the news is that a comprehensive financial policy package has been introduced to support the stability of the market and expectations, particularly benefiting the elderly care sector [1][3] - The People's Bank of China has established a 500 billion yuan service consumption and elderly care relending tool to enhance financial support for key areas such as elderly care and service consumption [3] - The elderly care industry in China is projected to reach a scale of 9 trillion yuan in 2022, with expectations to exceed 12 trillion yuan by 2025, indicating a significant growth phase ahead [4][5] Group 2 - The elderly care concept stocks have shown strong performance, with multiple stocks such as Jinming Precision Machinery and Xinhua Jin experiencing significant price increases, some reaching the daily limit [2] - The new policy tool is an expansion and upgrade of the previous inclusive elderly care relending policy, which had a smaller quota of 40 billion yuan and was initially piloted [3] - The silver economy is expected to grow substantially, with projections indicating it could reach 30 trillion yuan by 2035, accounting for 10% of GDP, driven by various sectors including elderly services and health care [4]

Core Viewpoint - The company, Nandu Property Service Group Co., Ltd., is participating in the establishment of an investment fund focused on artificial intelligence and embodied intelligence sectors, contributing 33% of the total capital with an investment of 33 million RMB [2][3][24]. Group 1: Investment Overview - The investment target is Hangzhou Saizhi Zhulong Venture Capital Partnership (Limited Partnership), referred to as "Zhulong Fund" [2]. - The company will invest 33 million RMB, representing 33% of the total committed capital of 100 million RMB for the fund [2][11]. - The fund aims to leverage the rapid development of AI technology and government support policies to enhance the company's strategic development and competitive edge in the AI and embodied intelligence sectors [3][24]. Group 2: Fund Structure and Management - The fund is structured as a limited partnership, with Zhejiang Saizhi Bole Equity Investment Management Co., Ltd. as the general partner [5][10]. - Other limited partners include Zhejiang University Net New Technology Co., Ltd. and Hangzhou Jingye Intelligent Technology Co., Ltd., both of which are publicly listed companies [9][10]. - The fund's lifespan is set for 6 years, with a 2-year investment period followed by a 4-year exit period, extendable by 2 years upon agreement by all partners [14]. Group 3: Investment Strategy and Decision-Making - The fund will focus on investments in artificial intelligence, robotics, and embodied intelligence, aiming to build a robust industrial chain in these areas [15]. - An investment decision committee, consisting of 6 members, will oversee investment decisions, requiring a majority vote for approval [17]. - The exit strategies for investments include public offerings, mergers, transfers, and buybacks, with the goal of maximizing returns [18]. Group 4: Financial Implications and Impact - The investment is expected to align with the company's strategic direction, enhancing its ability to cultivate high-growth projects and achieve capital appreciation [24]. - The investment will not interfere with the company's daily operations or financial needs, ensuring that it does not harm the interests of shareholders, particularly minority shareholders [24].

证券代码：603506 证券简称：南都物业 公告编号：2025-022 南都物业服务集团股份有限公司 关于公司参与设立投资基金的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示 一、对外投资概述 （一）基本情况 随着科技的快速发展，人工智能技术正加速向垂直领域渗透，物业服务正成为 人工智能技术落地的重要场景。近年来，国家和地方政府出台了一系列支持政策， 为支持 AI 及具身智能技术场景落地提供了良好的政策环境和机遇。为深化落实公司 战略发展规划，借助专业投资机构力量及资源优势，进一步拓宽人工智能及具身智 投资标的名称：杭州赛智助龙创业投资合伙企业（有限合伙）（以下简称"助 龙基金"、"基金"或"合伙企业"）。 投资金额：南都物业服务集团股份有限公司（以下简称"南都物业"或"公 司"）作为有限合伙人以自有资金认缴出资 3,300 万元，占认缴出资总额的 33%。 本次交易无需提交公司董事会及股东大审议。本次交易不构成关联交易， 不构成《上市公司重大资产重组管理办法》规定的重大资产重组。 相关风险提示：合伙 ...