Core Viewpoint - The report from Pacific Securities indicates that I Love My Home's net profit attributable to shareholders for the first three quarters of 2025 reached 0.42 billion yuan, representing a year-on-year increase of 398.75% [1] Financial Performance - The significant growth in net profit is primarily driven by an increase in brokerage transaction volume and a reduction in related operating costs [1] - Management expenses and financial costs decreased by 15.48% and 29.71% to 0.67 billion yuan and 0.36 billion yuan, respectively [1] - The gross profit margin for sales in the first three quarters of 2025 was 9.08%, an increase of 1.72 percentage points year-on-year [1] - Other income rose by 99.37% to 0.048 billion yuan compared to the same period last year [1] Business Operations - The asset management business, operated under the "Xiangyu" brand, focuses on housing rental management and has expanded its market presence in major cities such as Beijing, Hangzhou, Shanghai, Suzhou, and Guangzhou [1] - As of September 30, 2025, the managed housing units reached approximately 330,000, an increase of about 27,000 units since the beginning of the year [1] - The company's various business segments have shown growth rates exceeding the market average, and its market share continues to increase steadily [1] Investment Outlook - The overall transaction amount in housing remains on an upward trend, with significant achievements in cost reduction and efficiency improvement, leading to a notable increase in net profit and a continuous recovery in profitability [1] - The company is rated as "Accumulate" based on its performance and growth prospects [1]

Investment Rating - The report assigns a rating of "Accumulate" for the company [1][11]. Core Insights - The company reported a significant increase in net profit attributable to shareholders, with a growth of 398.75% year-on-year, despite a slight decline in revenue [4][6]. - The total transaction amount in the housing sector continues to grow, indicating resilience in the company's core business [5][8]. Summary by Sections Financial Performance - For the first three quarters of 2025, the company achieved operating revenue of 8.165 billion yuan, a year-on-year decrease of 6.81%, while the net profit attributable to shareholders was 42 million yuan, marking a year-on-year increase of 398.75% [4][6]. - The company's gross transaction value (GTV) for housing reached approximately 196.2 billion yuan, reflecting a year-on-year growth of 5.2% [5]. Business Segments - The brokerage business, new housing business, and asset management business accounted for 79.82%, 13.20%, and 6.98% of GTV, respectively, with year-on-year changes of +5.10%, +9.30%, and -3.50% [5]. - The brokerage business saw a transaction volume of 54,626 units for second-hand housing, a growth of 5.6% year-on-year, while new housing transactions reached 8,150 units, up 0.4% [7]. Cost Management - The company successfully reduced operational costs, with management and financial expenses decreasing by 15.48% and 29.71% to 670 million yuan and 364 million yuan, respectively [6]. - The gross profit margin for the first three quarters of 2025 was 9.08%, an increase of 1.72 percentage points year-on-year [6]. Future Projections - The company is expected to achieve net profits of 155 million yuan, 229 million yuan, and 270 million yuan for the years 2025, 2026, and 2027, respectively, with corresponding PE ratios of 44.97, 30.39, and 25.77 [8][11].

Core Viewpoint - The judicial auction of 115 million shares held by the actual controller of I Love My Home, Xie Yong, has been successfully completed, significantly impacting his shareholding and the company's ownership structure [1][2]. Group 1: Auction Details - The auction took place on the "Taobao" judicial auction platform, with an initial starting price of 278.76 million yuan, and the final transaction price was 316.64 million yuan, slightly above the market price of 315.68 million yuan [2]. - The shares included 32.5 million unrestricted shares and 82.5 million restricted shares, with the auction occurring after an initial failed attempt on September 27 due to no bids [2]. - The starting price for the second auction was approximately 11.7% lower than the first auction [2]. Group 2: Impact on Shareholding - Following the auction, Xie Yong's shareholding will decrease from 130 million shares to 15 million shares, reducing his ownership percentage from 5.52% to 0.64% [2]. - The total shares controlled by Xie Yong and his concerted parties will drop from 426,028,689 shares, representing 22.97% of the total share capital, to 18.09% [2]. Group 3: Company Statement - I Love My Home stated that despite the significant reduction in the actual controller's shareholding, the company's control will remain unchanged, with Xie Yong still recognized as the actual controller [4]. - The company emphasized that its operations are normal and it maintains independent business capabilities, indicating no major impact on governance or daily operations [4]. Group 4: Financial Performance - In 2023, I Love My Home reported its largest loss since going public, with total revenue of 12.09 billion yuan and a net loss of 850 million yuan, marking the second consecutive year of losses [6]. - However, in 2024, the company showed signs of recovery with a revenue of 12.536 billion yuan, a year-on-year increase of 3.67%, and a net profit of 73.41 million yuan, reversing the previous year's losses [6]. - For the first three quarters of 2025, the company achieved a total housing transaction value of approximately 196.2 billion yuan, a year-on-year increase of 5.2%, and a net profit of about 42.33 million yuan, reflecting a significant growth of 398.75% compared to the previous year [6].

Core Points - I Love My Home (000560) announced that its actual controller, Xie Yong, successfully auctioned 115 million shares through Taobao's judicial auction platform for 317 million yuan, representing 88.46% of his holdings and 4.88% of the company's total share capital [1][3] - If the auctioned shares are transferred, Xie Yong's holdings will decrease to 15 million shares, or 0.64% of the total share capital, while the combined control of Xie Yong and his concerted parties will reduce to 426 million shares, or 18.09% of the total share capital [3] - The auction will not change the company's controlling shareholder or actual controller, as Xizang Taihe remains the controlling shareholder and Xie Yong continues to be the actual controller [3] Financial Performance - I Love My Home reported continuous losses in 2022 and 2023, totaling over 1.1 billion yuan [4] - In 2024, the company showed signs of recovery with a revenue of 12.536 billion yuan, a year-on-year increase of 3.67%, and a net profit of 73.41 million yuan, marking a turnaround from losses [4] - For the first three quarters of this year, the company achieved a revenue of 8.165 billion yuan, a year-on-year decrease of 6.81%, but a net profit of 42.33 million yuan, a significant increase of 398.75% year-on-year [4]

Core Points - I Love My Home announced that its actual controller, Mr. Xie Yong, has successfully auctioned part of his shares through a judicial auction [2] - The auction involved 115,000,000 shares of the company, which were sold for a total price of RMB 316,640,000 [2] Summary by Category - **Company Announcement** - I Love My Home received notification from its actual controller regarding the successful auction of shares [2] - The auction was conducted on the Taobao judicial auction platform [2] - **Auction Details** - The shares auctioned were 115,000,000, with the winning bid placed by Beijing Yuan Cheng Asset Management Co., Ltd. [2] - The auction took place on November 9, 2025, and the final price was RMB 316,640,000 [2]

Market Performance - The real estate service sector increased by 1.9% compared to the previous trading day, with Huangting International leading the gains [1] - The Shanghai Composite Index closed at 4018.6, up 0.53%, while the Shenzhen Component Index closed at 13427.61, up 0.18% [1] Individual Stock Performance - Huangting International (code: 000056) closed at 2.40, with a rise of 3.45% and a trading volume of 474,900 shares, amounting to a transaction value of 113 million [1] - Ningbo Fuda (code: 600724) closed at 5.64, up 2.92%, with a trading volume of 159,100 shares and a transaction value of 88.86 million [1] - Te Fa Service (code: 300917) closed at 41.12, increasing by 2.80%, with a trading volume of 46,600 shares and a transaction value of 190 million [1] - Other notable stocks include Shilianhang (code: 002285) with a 2.08% increase, and Zhenjiang Co. (code: 600684) with a 1.62% increase [1] Capital Flow Analysis - The real estate service sector saw a net inflow of 63.84 million from main funds, while retail funds experienced a net outflow of 38.53 million [1] - The capital flow for individual stocks indicates that Zhujiang Co. (code: 600684) had a main fund net inflow of 23.74 million, while retail funds saw a net outflow of 27.53 million [2] - Te Fa Service (code: 300917) recorded a main fund net inflow of 11.53 million, with retail funds experiencing a net outflow of 3.02 million [2]

Core Viewpoint - I Love My Home (000560) announced that its actual controller, Xie Yong, sold 115 million shares (88.46% of his holdings, 4.88% of total shares) through a second auction on Taobao from November 8-9, which was won by Beijing Yuan Cheng Asset Management Co., Ltd. for 317 million yuan [1] Summary by Relevant Sections - **Shareholding Changes** - If the transaction is finalized, Xie Yong's shareholding will decrease to 15 million shares (0.64% of total shares) [1] - The combined shareholding of Xie Yong and his concerted actors, as well as the controlling shareholder, will drop to 426 million shares (18.09% of total shares) [1] - **Impact on Control** - The sale will not affect the control rights of the company [1]

本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 我爱我家控股集团股份有限公司（以下简称"公司"）近日接到实际控制人 谢勇先生通知，并通过公开渠道查询，获悉谢勇先生持有的公司部分股份司法拍 卖竞拍成功，具体事项如下： 一、股东部分股份被拍卖的基本情况 证券代码：000560 证券简称：我爱我家 公告编号：2025-050 号 我爱我家控股集团股份有限公司 关于公司实际控制人部分股份被司法拍卖的进展公告 1 1.根据《网络竞价成功确认书》提示，在网络拍卖中竞买成功的用户，必须 依照标的物《竞买须知》《竞买公告》要求，按时交付标的物网拍成交余款、办 理相关手续。标的物最终成交以浦东新区法院出具拍卖成交裁定为准。鉴于上述 相关程序尚未完毕，上述拍卖股权最终完成司法划转尚存在不确定性。 2.本次司法拍卖股权受让人应遵守《证券法》《上市公司股东减持股份管理 暂行办法》《深圳证券交易所上市公司自律监管指引第 18 号——股东及董事、高 级管理人员减持股份》等法律法规、规范性文件的相关规定。本次司法拍卖的出 让方及受让方后续股份变动时，应当遵守股份变动比例、信息披露等相关限制 ...

Core Insights - The 2025 Huaxia Urban Industry Chain Development Conference was held in Beijing, focusing on "Industry-City Integration and Boundless Coexistence" to explore diverse solutions for high-quality urban development [1] - I Love My Home was recognized for its "2025 Community Good Neighbor Festival" and its long-standing "Good Neighbor Service" system, which emphasizes community engagement and support [1][3] Group 1: Community Engagement - Communities are essential for residents to achieve a better quality of life, and high-quality community services enhance residents' happiness and sense of belonging [3] - I Love My Home has established a "Good Neighbor Service" system over 25 years, providing professional and efficient services to help families secure quality housing [3][6] - The "Good Neighbor Festival" launched in 2025 reflects the company's service philosophy, encouraging community feedback through an online "Community Review" activity that collected 3,680 resident responses [3][4] Group 2: Service Initiatives - Offline, I Love My Home set up "Public Real Estate Corners" in 100 communities in Beijing, offering one-on-one free consultations on real estate transactions and related topics [4] - The company also conducts community activities such as free haircuts and educational classes, bringing convenience and warmth directly to residents [4][6] - Over the past three years, I Love My Home has provided services to over 100,000 families and organized more than 1,000 community events, distributing nearly 50,000 care packages [8] Group 3: Future Plans - The company plans to continue upgrading service levels and expanding service boundaries to meet residents' housing needs while deepening integration with cities and communities [9]

Market Overview - On November 7, the real estate service sector rose by 0.28% compared to the previous trading day, with China Merchants Jin Yu leading the gains [1] - The Shanghai Composite Index closed at 3997.56, down 0.25%, while the Shenzhen Component Index closed at 13404.06, down 0.36% [1] Individual Stock Performance - China Merchants Jin Yu (001914) closed at 11.60, up 1.75% with a trading volume of 94,100 shares and a transaction value of 109 million yuan [1] - I Love My Home (000560) closed at 2.91, up 1.04% with a trading volume of 928,800 shares and a transaction value of 269 million yuan [1] - Other notable performers include Zhongtian Service (002188) at 6.44, up 0.63%, and Shilianhang (002285) at 2.40, up 0.42% [1] Capital Flow Analysis - The real estate service sector saw a net inflow of 23.17 million yuan from institutional investors, while retail investors experienced a net outflow of 135.92 million yuan [2] - The main capital flow data indicates that I Love My Home had a significant net outflow of 37.47 million yuan from institutional investors [3] - Conversely, Huangting International (000056) experienced a net inflow of 9.17 million yuan from institutional investors [3]