| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 000560 | 我爱我家 | 3.07 | -3.46% | 274.59万 | 8.57亿 | | 002188 | 中天服务 | 6.13 | -2.08% | 9.29万 | 5778.43万 | | 603506 | 南都物业 | 12.05 | -1.95% | 2.04万 | 2480.37万 | | 001914 | 招商积余 | 11.16 | -1.59% | 1 7.53万 | 8468.82万 | | 002968 | 新大正 | 11.81 | -1.34% | 2.55万 | 3035.88万 | | 300917 | 特发服务 | 41.82 | -0.90% | 10.12万 | 4.24亿 | | 600684 | 珠江股份 | 4.54 | -0.66% | 12.63万 | 5775.61万 | | 000056 | 皇庭国际 | 2.37 | 0.00% | 36.28万 | 8669.08万 | | 002 ...

Core Viewpoint - The A-share market has seen a decline in real estate stocks, with several companies experiencing significant drops in their share prices [1] Group 1: Company Performance - Binjiang Group and China Wuyi both fell over 5% [1] - Caixin Development dropped nearly 5% [1] - I Love My Home, Sanxiang Impression, and Hefei Urban Construction all decreased by over 3% [1] - Huaxia Happiness, Jindi Group, Te Fa Service, China National Trade, China Merchants Shekou, New Town Holdings, and Vanke A all saw declines exceeding 2% [1]

（编辑 任世碧） 证券日报网讯 我爱我家11月25日在互动平台回答投资者提问时表示，公司作为房产经纪领域的龙头公 司，始终将合规经营与客户利益置于首位。首先，在房屋交易流程的各个环节，公司始终坚持并严格遵 循国家相关部门颁布的各项法律法规、政策指引，以及公司内部制定的完备操作规程与制度。此外，公 司始终秉持"以客户为中心"的服务理念，在具体业务实践中，公司不仅严格履行居间服务方的责任与义 务，更致力于在交易的全过程中平衡并维护买卖双方的正当利益。 ...

证券日报网讯我爱我家（000560）11月25日在互动平台回答投资者提问时表示，截至2025年10月31日， 公司股东总户数为82，108户。 ...

Core Viewpoint - The company "I Love My Home" has shown a positive stock performance recently, with a notable increase in trading volume and a significant rise in net profit year-on-year despite a decrease in revenue [1][2]. Group 1: Stock Performance - On November 25, "I Love My Home" stock rose by 2.25%, reaching 3.18 CNY per share, with a trading volume of 165 million CNY and a turnover rate of 2.35%, resulting in a total market capitalization of 7.49 billion CNY [1]. - Year-to-date, the stock price has increased by 4.40%, with a 7.43% rise over the last five trading days, a 10.42% increase over the last 20 days, and a slight 0.32% increase over the last 60 days [1]. - The company has appeared on the "Dragon and Tiger List" twice this year, with the most recent instance on April 28, where it recorded a net buy of -22.99 million CNY [1]. Group 2: Financial Performance - For the period from January to September 2025, "I Love My Home" reported an operating income of 8.165 billion CNY, a year-on-year decrease of 6.81%, while the net profit attributable to shareholders increased by 398.75% to 42.327 million CNY [2]. - Cumulatively, the company has distributed 530 million CNY in dividends since its A-share listing, with 10.129 million CNY distributed over the last three years [3]. Group 3: Shareholder Information - As of October 31, 2025, the number of shareholders for "I Love My Home" increased by 3.44% to 82,100, with an average of 27,475 shares held per shareholder, a decrease of 3.33% [2]. - The top ten circulating shareholders include new entrants and changes in holdings, with notable increases from Hong Kong Central Clearing Limited and a decrease from Southern CSI Real Estate ETF [3].

Investment Rating - The report maintains an "Outperform" rating for the real estate industry [6] Core Insights - The real estate market is experiencing significant downward pressure on both volume and price, necessitating new policy measures to boost confidence [16][20] - Short-term policies such as mortgage interest subsidies and personal income tax deductions are expected to be implemented to alleviate the current market downturn [39] - The report highlights a potential for structural recovery in the housing market, particularly in first-tier cities, if purchasing restrictions are fully lifted [39] Summary by Sections 1. Market Overview - The real estate market is facing increased downward pressure, with sales volume and prices declining significantly. In October 2025, cumulative sales area decreased by 6.8% year-on-year, and sales value dropped by 9.6% [16] - The report notes that the sales area for new homes in 45 cities totaled 2.72 million square meters, with first-tier cities experiencing a year-on-year decline of 43.19% [5] 2. Policy Directions - The report anticipates policy measures focusing on loosening purchase restrictions, providing mortgage interest subsidies, and implementing personal income tax deductions to stimulate demand [28][31] - There is a growing expectation for the central government to engage in large-scale market-oriented housing stockpiling to stabilize the market [37] 3. Stock Market and Credit Bonds - The A-share real estate sector underperformed the market, with a decline of 5.83%, while the Hong Kong real estate sector outperformed with a decline of 4.94% [41][53] - As of November 21, 2025, the cumulative issuance of real estate credit bonds reached 3,815.39 billion, with a net financing amount of -421.33 billion [41] 4. REITs Market - The REITs index experienced a decline of 1.12% this week, with transaction volumes decreasing by 8.80% [3][12] 5. Land Market - The report indicates a significant increase in land supply and transaction area across major cities, with a 92.79% increase in supply and a 24.37% increase in transaction area [4] 6. Investment Recommendations - The report suggests focusing on three areas within the real estate sector: commercial real estate (e.g., New Town Holdings, China Resources), property management (e.g., Greentown Service), and real estate brokerage (e.g., Beike, Wo Ai Wo Jia) [40]

Group 1 - The actual controller of the company, Mr. Xie Yong, has had 15,000,000 shares released from judicial freeze, which accounts for 0.64% of the total share capital [1] - Together with his concerted actioner, Tibet Taihe Xianji Investment Management Co., Ltd., Mr. Xie holds a total of 426,028,689 shares, representing 18.09% of the total share capital, with no shares currently frozen [1] Group 2 - The company has approved a guarantee limit of up to 4 billion RMB for its subsidiaries' debt financing for the year 2025, with specific allocations for subsidiaries based on their asset-liability ratios [4] - A guarantee of 224 million RMB has been provided for its wholly-owned subsidiary, Beijing Wo Ai Wo Jia Real Estate Brokerage Co., Ltd. [4] - On November 21, 2025, a credit agreement was signed with China Merchants Bank Beijing Branch, providing a credit limit of up to 30 million RMB for Beijing Wo Ai Wo Jia [6] Group 3 - As of December 31, 2024, Beijing Wo Ai Wo Jia had total assets of 5.46 billion RMB and total liabilities of 2.46 billion RMB, with a net profit of 70.58 million RMB for the year [7] - As of September 30, 2025, the total assets of Beijing Wo Ai Wo Jia increased to 7.14 billion RMB, with total liabilities of 4.20 billion RMB and a net profit of 45.27 million RMB for the first nine months [7] Group 4 - The company has confirmed that the guarantee provided is within the approved limit and will support the sustainable development of Beijing Wo Ai Wo Jia's business [10] - The total amount of external guarantees after this transaction is 2.17 billion RMB, which is 23.09% of the company's latest audited net assets [11]

Core Insights - The real estate service sector experienced a decline of 1.19% on November 21, with Zhongtian Service leading the drop [1] - The Shanghai Composite Index closed at 3834.89, down 2.45%, while the Shenzhen Component Index closed at 12538.07, down 3.41% [1] Stock Performance - Shilianhang (002285) saw a significant increase of 9.96%, closing at 2.87, with a trading volume of 2.8435 million shares and a transaction value of 797 million [1] - Zhongtian Service (002188) dropped by 7.04%, closing at 5.94, with a trading volume of 160,100 shares and a transaction value of 97.7867 million [2] - Other notable declines included Zhujiang Co. (600684) down 4.49% and Ningbo Fuda (600724) down 4.69% [1][2] Capital Flow - The real estate service sector saw a net outflow of 22.1977 million from institutional investors and 13.9504 million from speculative funds, while retail investors had a net inflow of 36.1481 million [2] - Shilianhang had a net inflow of 132 million from institutional investors, but a net outflow of 45.2078 million from speculative funds [3] - The overall trend indicates a shift in capital dynamics within the sector, with retail investors showing resilience amidst institutional and speculative outflows [2][3]

Group 1 - The company announced that its actual controller, Mr. Xie Yong, has informed the company that all of his 15,000,000 shares have been released from judicial freeze [1]

证券代码：000560 证券简称：我爱我家 公告编号：2025-054 号 我爱我家控股集团股份有限公司 关于为全资子公司提供担保的进展公告 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。 一、担保情况概述及审批情况 我爱我家控股集团股份有限公司（以下简称"公司"、"本公司"）于 2025 年 4 月 8 日和 2025 年 5 月 13 日分别召开第十一届董事会第十次会议暨 2024 年度 董事会和 2024 年年度股东大会，审议通过了《关于 2025 年度为子公司债务融资 提供担保额度的议案》,同意公司 2025 年度为子公司债务融资提供不超过 40 亿元 的担保额度，其中，为资产负债率低于 70%的子公司提供担保的预计额度不超过 30.80 亿元，为资产负债率超过 70%的子公司提供担保的预计额度不超过 9.20 亿 元。其中，公司为全资子公司北京我爱我家房地产经纪有限公司（以下简称"北 京我爱我家"）提供的担保额度为 224,000 万元。股东大会授权董事会安排经营 管理层根据各子公司主营业务经营情况按步骤实施其所需的融资担保额度，并在 符合规定的被担 ...