（来源：淘金ETF） 1. 我爱我家（000560） 是国内房产经纪龙头企业，成立于2000年，依托线下超3000家门店的网络布局，主营业务聚焦房产租 赁、二手房交易、新房代理及家居服务，是租售同权政策的核心受益标的。作为行业首批参与住房租赁 试点的企业，公司已累计服务超千万家庭，旗下"相寓"品牌在长租公寓领域具备显著规模优势，管理房 源超40万套。除租售同权外，公司还叠加了社区经济、数字化转型等热点概念，通过"线上平台+线下 门店"的模式提升运营效率。未来看点在于，随着租售同权政策深化，公司凭借成熟的租赁服务体系和 房源储备，有望进一步抢占市场份额，同时数字化工具的持续投入将推动服务体验升级，在行业周期复 苏中率先受益。 2. 华发股份（600325） 是珠海国资委旗下的老牌房企，成立于1992年，主营业务聚焦房地产开发、商业运营及物业服务，核心 布局粤港澳大湾区，是区域型房企的代表。作为租售同权板块的重要参与者，公司通过自持商业物业与 长租公寓项目，积极响应政策导向，旗下"华发优家"租赁品牌已落地多个核心城市。除租售同权外，公 司还叠加了大湾区建设、国企改革等热点概念，依托珠海本土资源优势，深度参与城市更 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误导性陈述或重大遗 漏。 一、本期业绩预计情况 二、与会计师事务所沟通情况 本次业绩预告情况已与注册会计师进行预沟通，公司与会计师事务所在业绩预告方面不存在重大分歧。 本次业绩预告未经注册会计师审计。 三、业绩变动原因说明 公司本报告期项目交房结转收入较上期结转收入减少，且受房地产行业项目销售价格持续下行因素的影 响，公司根据企业会计准则对存货进行初步减值测试，根据谨慎性原则，预计对具有减值迹象的部分房 地产项目计提资产减值损失，本报告期利润由此减少。 四、其他相关说明 1、业绩预告期间：2025年1月1日至2025年12月31日 2、预计的经营业绩： 预计净利润为负值 ■ 1、本次业绩预告是公司财务部门初步测算的结果，具体财务数据将在公司2025年年度报告中予以详细 披露。 2、《中国证券报》《证券时报》《上海证券报》《证券日报》和巨潮资讯网（www.cninfo.com.cn）为 公司选定的信息披露媒体，公司所有信息均以在上述媒体刊登的信息为准，敬请广大投资者理性投资， 注意风险。 特 ...

二、与会计师事务所沟通情况 本次业绩预告情况已与注册会计师进行预沟通，公司与会计师事务所在业绩预告方面不存在重大分歧。 本次业绩预告未经注册会计师审计。 登录新浪财经APP 搜索【信披】查看更多考评等级 股票代码：000863 股票简称：三湘印象 公告编号：2026-001 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误导性陈述或重大遗 漏。 一、本期业绩预计情况 1、业绩预告期间：2025年1月1日至2025年12月31日 2、预计的经营业绩： 预计净利润为负值 1、本次业绩预告是公司财务部门初步测算的结果，具体财务数据将在公司2025年年度报告中予以详细 披露。 2、《中国证券报》《证券时报》《上海证券报》《证券日报》和巨潮资讯网（www.cninfo.com.cn）为 公司选定的信息披露媒体，公司所有信息均以在上述媒体刊登的信息为准，敬请广大投资者理性投资， 注意风险。 特此公告。 三湘印象股份有限公司 董事会 2026年1月31日 三、业绩变动原因说明 公司本报告期项目交房结转收入较上期结转收入减少，且受房地产行业项目销售价格持续下行因素的影 响，公司根据企业会计准则对存货 ...

经济观察网2026年1月30日，三湘印象（000863）发布2025年度业绩预告，预计2025年净利润亏损1.21 亿元。扣除非经常性损益后的净利润亏损1.19亿元。 ...

Financial Performance - The company expects a net loss of approximately 121 million yuan for the fiscal year 2025, compared to a profit of 19.28 million yuan in the same period last year[3] - The net profit after deducting non-recurring gains and losses is expected to be a loss of about 119 million yuan, down from a profit of 39.45 million yuan in the previous year[3] - Basic earnings per share are projected to be a loss of approximately 0.10 yuan per share, compared to earnings of 0.02 yuan per share in the prior year[3] Revenue Decline - The decrease in revenue is attributed to a reduction in project handover income and a decline in real estate sales prices, leading to asset impairment losses being recognized[5] Financial Reporting - The preliminary financial data is subject to further detailed disclosure in the company's 2025 annual report[6]

每经AI快讯，1月29日，三大指数涨跌不一，沪指窄幅震荡，上证50指数涨超1%，创业板指冲高回落， 科创50指数跌超3%。沪深两市成交额3.23万亿，较上一个交易日放量2646亿。盘面上，市场热点快速 轮动，全市场超3500只个股下跌。从板块来看，白酒板块午后爆发，泸州老窖（000568）、水井坊 （600779）、舍得酒业（600702）、皇台酒业（000995）、酒鬼酒（000799）涨停。有色金属板块反复 活跃，金属铜、贵金属领涨，西部黄金（601069）7天4板，中国黄金（600916）5连板，北方铜业 （000737）2连板创历史新高。油气股延续强势，洲际油气（600759）7天5板，准油股份（002207）2连 板，中曼石油（603619）4天3板。房地产板块震荡反弹，大悦城（000031）、三湘印象（000863）、我 爱我家（000560）涨停。下跌方面，芯片产业链下挫，美埃科技、京仪装备跌超9%。截至收盘，沪指 涨0.16%，深成指跌0.3%，创业板指跌0.57%。 ...

Core Viewpoint - The real estate sector is experiencing a significant rebound in stock prices, with many companies seeing substantial gains, indicating a potential recovery in the market [1][2]. Group 1: Stock Performance - A-share real estate companies such as Zhujiang Holdings, Dayuecheng, Sanxiang Impression, and Shen Shen Fang A have risen over 10% [1]. - In the Hong Kong market, Contemporary Land has surged over 61%, while China Aoyuan and Longguang Group have increased by over 34% and 25%, respectively [1][2]. Group 2: Regulatory Changes - Reports indicate that some real estate companies are no longer required to report the "three red lines" indicators to regulatory authorities, which were previously mandatory since mid-2020 [2][3]. - The "three red lines" policy aimed to control leverage and prevent financial risks in real estate, with key metrics including asset-liability ratios and net debt ratios [3]. Group 3: Market Dynamics - The current market environment has led to a decline in funding for real estate companies, with a four-year average decrease of 17.5% in funds received, surpassing the 15.7% decline in new housing sales [4]. - The shift in the market has resulted in a focus on low-leverage, high-quality asset management by leading real estate firms, moving away from previous high-leverage expansion models [4][5]. Group 4: Future Financing Models - A new financing model is emerging, characterized by the "lead bank system," where a designated bank or syndicate oversees project financing, ensuring that funds are allocated appropriately [6]. - As of December 2025, 21 distressed real estate companies have undergone debt restructuring, with a total debt relief of approximately 1.2 trillion yuan, easing short-term repayment pressures [6].

Core Viewpoint - The real estate sector has experienced a significant surge in both A-shares and Hong Kong stocks, indicating a potential shift in market dynamics and investor sentiment [1][5][9]. Group 1: Real Estate Sector Performance - A-shares real estate ETF rose nearly 3%, while Hong Kong's property stocks surged over 6%, with notable increases in companies like Sunac China and Hongyang Real Estate, both rising over 20% [1][5]. - Specific stock performances included China Aoyuan up 27.4%, Sunac China up 23.3%, and Hongyang Real Estate up 22.58% [5][6]. - The overall performance of the real estate sector suggests a clean clearing of chips, with low valuations attracting investor interest [9]. Group 2: Market Dynamics and Signals - The rise in real estate stocks coincides with a notable increase in the liquor sector, indicating structural volatility in the market as these sectors are seen as lagging behind in previous downturns [1][9]. - The recent surge in commodities, including gold and copper, reflects heightened inflation expectations, which could impact sectors like AI negatively [2][9]. - The performance of 30-year treasury futures has been unexpectedly strong, suggesting a complex market narrative that does not align with traditional economic theories regarding inflation and bond prices [3][9]. Group 3: Policy and Regulatory Environment - Reports indicate that several real estate companies are no longer required to report "three red lines" metrics monthly, suggesting a more lenient regulatory environment [7]. - Analysts believe that recent policy adjustments, such as the reduction of the value-added tax on second-hand homes and the lowering of commercial property loan down payments, may support a stabilization in the real estate market [7].

1月29日，房地产板块震荡反弹，大悦城、三湘印象涨停，新城控股、滨江集团、京投发展、华夏幸福 跟涨。消息面上，记者从多家房企相关人士处获悉，目前其所在公司已不被监管部门要求每月上报"三 条红线"指标。不过，部分出险房企被要求向总部所在城市专班组定期汇报资产负债率等财务指标。 ...

房地产板块震荡反弹，大悦城、三湘印象涨停，新城控股、滨江集团、京投发展、华夏幸福跟涨。 ...