Core Viewpoint - The company "I Love My Home" has actively engaged in charitable activities, particularly focusing on supporting early childhood education in rural areas through material donations to kindergartens in Beijing's Daxing District [1][3]. Group 1: Donation Details - The donation included over 80 types of books totaling more than 500 copies, as well as over 30 types of toys and sports equipment, tailored to the cognitive characteristics and interests of preschool children [3][6]. - The donated items aim to stimulate children's learning, assist in emotional management, and promote physical fitness [3][6]. Group 2: Community Engagement - The donation initiative is a result of the collaboration between the company's party committee and the local party committee, which began in July with the establishment of a special donation working group [6][9]. - The company conducted on-site research and needs assessment to understand local educational challenges, ensuring that the donated materials are both educational and engaging [6][9]. Group 3: Corporate Social Responsibility - The company has developed a public welfare work system that includes various initiatives such as rural revitalization and community service, receiving high praise from the government, media, and the public [9][10]. - In community service, the company has established nearly 3,000 "Party Member Service Stations" to provide various free services, conducting over 400 community welfare activities this year, benefiting more than 100,000 residents [10]. - The company plans to continue its focus on community welfare, rural revitalization, and children's education, aiming to launch more targeted and sustainable public welfare projects [12].

Market Performance - On September 10, the real estate service sector rose by 1.0%, led by Huangting International [1] - The Shanghai Composite Index closed at 3812.22, up 0.13%, while the Shenzhen Component Index closed at 12557.68, up 0.38% [1] Individual Stock Performance - Huangting International (code: 000056) closed at 3.01, with an increase of 8.27% and a trading volume of 2.4416 million shares, amounting to a transaction value of 711 million yuan [1] - Zhujiang Shares (code: 600684) closed at 5.83, up 5.42%, with a trading volume of 743,100 shares and a transaction value of 426 million yuan [1] - Other notable stocks include: - Zhi Shang Ji Yu (code: 001914) at 12.41, up 1.22% [1] - Wo Ai Wo Jia (code: 000560) at 3.11, up 0.97% [1] - Zhongtian Service (code: 002188) at 5.80, up 0.87% [1] Capital Flow Analysis - The real estate service sector experienced a net outflow of 83.2957 million yuan from institutional investors, while retail investors saw a net inflow of 75.608 million yuan [2] - The capital flow for individual stocks shows: - Huangting International had a net inflow of 39.2422 million yuan from institutional investors [3] - Zhujiang Shares had a net inflow of 35.1417 million yuan from institutional investors [3] - ST Mingcheng (code: 600136) had a net inflow of 1.8429 million yuan from retail investors [3]

我爱我家所属申万行业为：房地产-房地产服务-房产租赁经纪。所属概念板块包括：新零售、低价、数 字经济、房屋租赁、华为鸿蒙等。 截至7月31日，我爱我家股东户数9.06万，较上期减少1.00%；人均流通股24888股，较上期增加1.01%。 2025年1月-6月，我爱我家实现营业收入56.58亿元，同比减少2.69%；归母净利润3840.02万元，同比增 长30.80%。 分红方面，我爱我家A股上市后累计派现5.30亿元。近三年，累计派现1012.87万元。 9月9日，我爱我家盘中上涨2.33%，截至10:14，报3.08元/股，成交1.89亿元，换手率2.75%，总市值 72.55亿元。 资金流向方面，主力资金净流入1832.77万元，特大单买入3116.12万元，占比16.52%，卖出1411.30万 元，占比7.48%；大单买入4550.91万元，占比24.13%，卖出4422.97万元，占比23.45%。 我爱我家今年以来股价涨1.12%，近5个交易日涨2.33%，近20日涨3.36%，近60日涨3.84%。 今年以来我爱我家已经2次登上龙虎榜，最近一次登上龙虎榜为4月28日，当日龙虎榜净买入-2299 ...

Market Overview - On September 5, the real estate service sector rose by 1.31% compared to the previous trading day, with Huangting International leading the gains [1] - The Shanghai Composite Index closed at 3812.51, up 1.24%, while the Shenzhen Component Index closed at 12590.56, up 3.89% [1] Individual Stock Performance - Huangting International (000056) closed at 68.7, up 4.33% with a trading volume of 850,000 shares [1] - Ningbo Fuda (600724) closed at 5.33, up 3.90% with a trading volume of 384,700 shares [1] - Pearl River Shares (600684) closed at 5.35, up 2.10% with a trading volume of 810,100 shares [1] - Te Fa Service (300917) closed at 46.02, up 2.06% with a trading volume of 56,200 shares [1] - Zhongtian Service (002188) closed at 5.51, up 2.04% with a trading volume of 160,100 shares [1] - Wo Ai Wo Jia (000560) closed at 2.97, up 1.37% with a trading volume of 750,300 shares [1] - Shilian Hang (002285) closed at 2.40, up 1.27% with a trading volume of 442,800 shares [1] - ST Mingcheng (600136) closed at 1.87, up 1.08% with a trading volume of 76,400 shares [1] - New Dazheng (002968) closed at 10.51, up 0.38% with a trading volume of 37,200 shares [1] - China Merchants Jiyu (001914) closed at 11.92, down 0.75% with a trading volume of 94,500 shares [1] Capital Flow Analysis - The real estate service sector saw a net inflow of 58.44 million yuan from institutional investors, while retail investors experienced a net outflow of 80.47 million yuan [2][3] - Major stocks with significant net inflows include: - Wo Ai Wo Jia (000560) with a net inflow of 31.44 million yuan [3] - Ningbo Fuda (600724) with a net inflow of 20.89 million yuan [3] - Te Fa Service (300917) with a net inflow of 20.46 million yuan [3] - Shilian Hang (002285) with a net inflow of 14.66 million yuan [3] - Notable stocks with net outflows include: - South City Property (603506) with a net outflow of 6.80 million yuan [3] - China Merchants Jiyu (001914) with a net outflow of 13.71 million yuan [3]

Market Overview - On September 4, the real estate service sector rose by 0.78% compared to the previous trading day, with Nandu Property leading the gains [1] - The Shanghai Composite Index closed at 3765.88, down 1.25%, while the Shenzhen Component Index closed at 12118.7, down 2.83% [1] Individual Stock Performance - Nandu Property (603506) closed at 13.74, up 4.17% with a trading volume of 57,900 shares and a transaction value of 78.25 million yuan [1] - Ningbo Fuda (600724) closed at 5.13, up 1.99% with a trading volume of 488,700 shares [1] - Shilianhang (002285) closed at 2.37, up 1.28% with a trading volume of 464,900 shares [1] - Xindazheng (002968) closed at 10.47, up 1.26% with a trading volume of 46,900 shares [1] - Zhongtian Service (002188) closed at 5.40, up 1.12% with a trading volume of 242,300 shares [1] - Te Fa Service (300917) closed at 45.09, up 0.69% with a trading volume of 54,200 shares [1] - Zhujiang Co. (600684) closed at 5.24, up 0.58% with a trading volume of 486,800 shares [1] - China Merchants Jiyu (001914) closed at 12.01, up 0.33% with a trading volume of 70,800 shares [1] - ST Mingcheng (600136) closed at 1.85, unchanged with a trading volume of 98,300 shares [1] - Wo Ai Wo Jia (000560) closed at 2.93, down 0.34% with a trading volume of 1,034,000 shares [1] Capital Flow Analysis - The real estate service sector saw a net inflow of 34.92 million yuan from main funds, while retail funds experienced a net outflow of 29.99 million yuan [2] - Main funds showed a significant net outflow in Ningbo Fuda (-20.88 million yuan) and ST Mingcheng (-0.03 million yuan) [3] - Te Fa Service had a net inflow of 18.34 million yuan from main funds, indicating strong interest [3]

Market Overview - On September 3, the real estate service sector declined by 2.59% compared to the previous trading day, with Ningbo Fuda leading the decline [1] - The Shanghai Composite Index closed at 3813.56, down 1.16%, while the Shenzhen Component Index closed at 12472.0, down 0.65% [1] Stock Performance - The following stocks in the real estate service sector experienced notable price changes: - Huangting International: Closed at 2.79, up 1.09% with a trading volume of 680,000 shares [1] - Ningbo Fuda: Closed at 5.03, down 4.73% with a trading volume of 692,500 shares and a transaction value of 352 million [2] - ST Mingcheng: Closed at 1.85, down 1.60% with a trading volume of 90,500 shares [1] - Other stocks such as Zhongtian Service, Wo Ai Wo Jia, and Shilian Hang also saw declines ranging from 1.88% to 2.84% [1][2] Capital Flow - The real estate service sector saw a net outflow of 38.19 million from institutional investors, while retail investors experienced a net inflow of 50.12 million [2] - The following stocks had significant capital flow: - Huangting International: Main capital inflow of 11.05 million, with a net retail outflow of 8.12 million [3] - Ningbo Fuda: Main capital inflow of 1.02 million, with a net retail outflow of 24.63 million [3] - ST Mingcheng: Main capital outflow of 2.99 million, with a net retail inflow of 1.90 million [3]

Core Insights - The real estate service sector saw a slight increase of 0.15% on September 2, with Ningbo Fuda leading the gains [1] - The Shanghai Composite Index closed at 3858.13, down 0.45%, while the Shenzhen Component Index closed at 12553.84, down 2.14% [1] Stock Performance - Ningbo Fuda (600724) closed at 5.28, up 10.00% with a trading volume of 564,300 shares [1] - Pearl River Shares (600684) closed at 5.31, up 3.31% with a trading volume of 601,100 shares [1] - Other notable performances include: - Royal International (000056) at 2.76, up 1.10% [1] - ST Mingcheng (600136) at 1.88, down 0.53% [1] - New Dazheng (002968) at 10.62, down 0.93% [1] Capital Flow - The real estate service sector experienced a net outflow of 13.42 million yuan from institutional investors, while retail investors saw a net inflow of 26.96 million yuan [2] - The overall net outflow from retail investors was 13.54 million yuan [2] Individual Stock Capital Flow - Ningbo Fuda had a net inflow of 60.06 million yuan from institutional investors, while retail investors had a net outflow of 28.40 million yuan [3] - Pearl River Shares saw a net inflow of 12.82 million yuan from institutional investors, with a net outflow of 1.13 million yuan from retail investors [3] - Other stocks like New Dazheng and ST Mingcheng experienced mixed capital flows, with varying levels of institutional and retail investor activity [3]

Core Viewpoint - I Love My Home Group reported significant growth in its new housing business, driven by favorable external policies and internal operational efficiencies [1][2][3] Financial Performance - The company achieved a net profit attributable to shareholders of 38.4 million yuan, a year-on-year increase of 30.8% - The net profit excluding non-recurring items reached 49.91 million yuan, a substantial year-on-year growth of 213.89% [1] Business Segments - The new housing business generated a Gross Transaction Value (GTV) of approximately 18.3 billion yuan, reflecting a year-on-year increase of 32.6% - Revenue from the new housing segment was 469 million yuan, up 24.32% year-on-year, with a gross margin of approximately 13.42%, a slight increase of 0.06 percentage points [1] Market Environment - The "Good House" policy has positively impacted the real estate market in first-tier cities, leading to a recovery in housing transactions - For instance, in Beijing, the number of residential transactions in the first half of 2025 reached 18,563 units, a year-on-year increase of 23.89%, with a transaction value of 145.995 billion yuan, up 29.7% [1] Internal Strengths - The company has established deep partnerships with major developers, leveraging its extensive store network and industry experience to enhance its new housing business - The focus on risk control, quality assurance, and efficiency over the past three years has significantly reduced accounts receivable and improved risk management capabilities [2] Digital Transformation - Continuous investment in digitalization has improved operational efficiency across various stages, from property information synchronization to customer matching and transaction follow-up [2] Future Outlook - The new housing business is expected to maintain its growth momentum due to a favorable policy environment and the company's established risk control and efficiency-oriented business model - The company is well-positioned to expand its market share during the upcoming industry consolidation [3]

Group 1 - The core business segment of the company, the asset management business (Xiangyu), has maintained both scale and efficiency, managing 319,000 rental units, a year-on-year increase of 9% [1] - The average rental turnover days have decreased to 8.8 days, a reduction of 0.7 days compared to the same period in 2024, with a stable rental rate at 95.2% [1] - Despite a 17.41% year-on-year decline in revenue due to the new product "Xiangyu Preferred" adopting net accounting, the adjusted gross profit margin reached 14.05%, an increase of 2.22 percentage points, indicating strong profitability [1] Group 2 - The company has innovatively launched a "dual-commuting rental" tool utilizing digital means to enhance user experience, allowing users to input work location, preferred transportation, and acceptable commuting time to quickly match suitable rental options [1] - The company has partnered with JD Logistics to create an integrated solution covering product selection, quality control, and logistics, reducing user waiting times [2] - The rental market in China is approaching a scale of 2 trillion yuan, with expectations to exceed 3 trillion yuan by 2030, showing an annual compound growth rate of 5% to 10% [2] - As a leading long-term rental apartment brand with 24 years of experience, the company has served over 2 million homeowners and 5 million tenants, positioning itself for steady growth through digital capabilities and continuous service innovation [2]

Core Viewpoint - I Love My Home (我爱我家) reported a net profit of 38.4 million yuan for the first half of 2025, marking a 30.8% increase year-on-year, and a non-net profit of 49.9 million yuan, up 213.89% year-on-year, demonstrating resilience in a challenging industry environment [1] Group 1: Business Strategy - The company focuses on core city operations, emphasizing a "precision farming" approach, which has become increasingly significant amid macroeconomic and policy challenges [2] - I Love My Home has deepened its presence in key cities like Beijing, Shanghai, and Hangzhou for over 20 years, with a total of 859,000 second-hand housing listings across 10 cities as of August 7, 2025 [2] - The company has maintained a strong market share in major cities, with continuous growth in Shanghai and stable positions in Beijing and Hangzhou [2][3] Group 2: Management Team - The management team at I Love My Home is experienced, with an average tenure exceeding 10 years, providing stability and insight during market fluctuations [4] - Many leaders have over 15 years of experience in key cities, having risen from frontline positions, which fosters a strong alignment with the company's culture and strategic goals [4] Group 3: Talent Development - The company invests continuously in talent development, viewing agents as core assets, which supports its resilience during industry adjustments [5][6] - I Love My Home has established a robust talent pipeline with clear selection and evaluation standards, ensuring high-quality personnel across various management levels [6] - Initiatives like the "Spark Plan" and leadership academy are in place to cultivate future leaders and maintain organizational vitality [6]