Market Overview - On September 1, the real estate service sector rose by 0.81% compared to the previous trading day, with Zhongtian Service leading the gains [1] - The Shanghai Composite Index closed at 3875.53, up 0.46%, while the Shenzhen Component Index closed at 12828.95, up 1.05% [1] Stock Performance - Zhongtian Service (002188) closed at 5.89, with a significant increase of 10.09%, trading volume of 229,400 shares and a turnover of 130 million yuan [1] - Other notable performers included: - Zhujiang Shares (600684) at 5.14, up 3.84%, with a turnover of 247 million yuan [1] - Nandu Property (603506) at 13.81, up 2.14%, with a turnover of approximately 90.61 million yuan [1] - TeFa Service (300917) at 47.83, up 1.70%, with a turnover of 373 million yuan [1] Capital Flow - The real estate service sector saw a net inflow of 5.1555 million yuan from institutional investors, while retail investors experienced a net outflow of 16.6452 million yuan [2] - The overall capital flow for individual stocks showed varied results, with Zhongtian Service experiencing a net inflow of 12.3241 million yuan from institutional investors [3] Individual Stock Capital Flow - Key stocks and their capital flow: - Zhongtian Service: Institutional net inflow of 12.3241 million yuan, retail net outflow of 12.6140 million yuan [3] - Zhujiang Shares: Institutional net inflow of 9.4859 million yuan, retail net outflow of 3.8449 million yuan [3] - Nandu Property: Retail net inflow of 1.9831 million yuan, but institutional net outflow of 2.3390 million yuan [3]

Market Overview - On August 27, the real estate service sector declined by 3.12%, with Zhongtian Service leading the drop [1] - The Shanghai Composite Index closed at 3800.35, down 1.76%, while the Shenzhen Component Index closed at 12295.07, down 1.43% [1] Individual Stock Performance - Zhongtian Service (002188) closed at 5.59, down 5.41% with a trading volume of 127,200 shares and a transaction value of 73.12 million yuan [1] - Te Fa Service (300917) closed at 47.19, down 5.24% with a trading volume of 90,900 shares and a transaction value of 4.42 billion yuan [1] - World Union (002285) closed at 2.46, down 4.28% with a trading volume of 557,400 shares and a transaction value of 140 million yuan [1] - New Dazheng (002968) closed at 10.76, down 4.01% with a trading volume of 78,500 shares and a transaction value of 86.23 million yuan [1] - Pearl River Shares (600684) closed at 4.90, down 3.92% with a trading volume of 395,200 shares and a transaction value of 19.87 million yuan [1] Capital Flow Analysis - The real estate service sector experienced a net outflow of 201 million yuan from institutional investors, while retail investors saw a net inflow of 159 million yuan [1] - The table shows the capital flow for individual stocks, indicating varying levels of net inflow and outflow among different companies [2] Detailed Capital Flow for Selected Stocks - World Union (002285) had a net inflow of 2.29 million yuan from institutional investors, but a net outflow of 6.79 million yuan from retail investors [2] - Zhongtian Service (002188) saw a net inflow of 1.41 million yuan from institutional investors, with a net outflow of 7.84 million yuan from retail investors [2] - Pearl River Shares (600684) experienced a significant net outflow of 50.69 million yuan from institutional investors, while retail investors had a net inflow of 42.35 million yuan [2] - Te Fa Service (300917) had a net outflow of 52.61 million yuan from institutional investors, with a net inflow of 46.53 million yuan from retail investors [2]

财务报表中对有大幅变动的财务项目的原因说明如下：货币资金变动幅度为-39.25%,原因:股利分红、奖 金发放等支出。应收款项变动幅度为18.12%,原因:客户结算周期特性致报告期末应收款项季节性增加。 长期股权投资变动幅度为-57.33%,原因:本期对联营企业实施投资回收。在建工程变动幅度为232.84%,原 因:投入数字化建设资本性支出。预付款项变动幅度为94.26%,原因:年初支付经营性预付款项按期分摊， 叠加营运资金占用。财务费用变动幅度为37.36%,原因:支付借款利息。投资活动产生的现金流量净额变 动幅度为94.37%,原因:本期对联营企业实施投资回收。其他收益变动幅度为-30.01%,原因:政府补助减 少。投资收益变动幅度为80.0%,原因:联营企业经营绩效提升确认相应收益。资产处置收益变动幅度 为-119.12%,原因:固定资产清理处置确认净损失。营业外收入变动幅度为119.97%,原因:非经常性损益项 目中赔偿收益增加。营业外支出变动幅度为98.48%,原因:本期确认非经常性赔偿性支出及违约金。 证券之星价投圈财报分析工具显示：业务评价：公司去年的ROIC为9.66%，资本回报率一般。去年的净 ...

Market Overview - On August 26, the real estate service sector declined by 0.31% compared to the previous trading day, with China Merchants Jin Yu leading the decline [1] - The Shanghai Composite Index closed at 3868.38, down 0.39%, while the Shenzhen Component Index closed at 12473.17, up 0.26% [1] Individual Stock Performance - Zhongtian Service (002188) closed at 5.91, up 2.25% with a trading volume of 90,900 shares and a turnover of 53.31 million yuan [1] - Nandu Property (603506) closed at 14.39, up 1.12% with a trading volume of 52,200 shares and a turnover of 74.73 million yuan [1] - ST Mingcheng (600136) closed at 1.95, up 1.04% with a trading volume of 166,200 shares and a turnover of 32.23 million yuan [1] - Other notable performances include New Dazheng (002968) at 11.21, up 0.45%, and Ningbo Fuda (600724) at 4.85, up 0.41% [1] Capital Flow Analysis - The real estate service sector experienced a net outflow of 171 million yuan from institutional investors, while retail investors saw a net inflow of 163 million yuan [2] - The overall capital flow indicates that while institutional investors are pulling back, retail investors are actively buying into the sector [2] Detailed Capital Flow for Individual Stocks - China Merchants Jin Yu (001914) saw a net outflow of 4.97 million yuan from institutional investors, with a net inflow of 4.79 million yuan from retail investors [3] - Significant outflows were noted for other stocks such as World Union (002285) with a net outflow of 18.98 million yuan from institutional investors and a net inflow of 9.12 million yuan from retail investors [3] - Pearl River Shares (600684) experienced a net outflow of 31.70 million yuan from institutional investors, while retail investors contributed a net inflow of 26.77 million yuan [3]

Group 1 - The core viewpoint of the article is that Xindazheng (002968.SZ) reported its semi-annual results for 2025, highlighting the current institutional and public fund holdings in the company [1] - As of August 25, 2025, three institutional investors disclosed holding a total of 43.3995 million shares of Xindazheng, representing 19.18% of the total share capital [1] - The institutional holding percentage decreased by 0.27 percentage points compared to the previous quarter [1] Group 2 - Among public funds, only one fund, Dongfanghong Vision Value Mixed A, increased its holdings, with an increase ratio of 0.12% [1] - One new public fund disclosed its holdings this period, which is the Agricultural Bank of China - Zhaoshang Quality Discovery Mixed A [1] - Two public funds that were previously disclosed did not report again this period, including Southern CSI All Index Real Estate ETF and Everbright Prudential Quantitative Stock A [1]

Group 1 - Poly Property achieved a revenue of 8.392 billion, a year-on-year increase of 6.6%, with a net profit of 890 million, up 5.3% [3][5] - China Overseas Property reported total revenue of 7.089 billion, a growth of 3.67%, and a net profit of 769 million, increasing by 4.29% [4][7] - Sunac Services recorded a revenue of 3.547 billion, with a net profit of 142 million, marking a return to profitability [4][8] - Jinke Services reported a net profit of 65.02 million, recovering from a loss of 194 million in the previous year [4][9] - Jinmao Services achieved total revenue of approximately 1.783 billion, a growth of 19.6%, with a profit of about 184 million, up 1.9% [4][10] - New Dazheng reported a revenue of 1.503 billion, a decrease of 12.88%, with a net profit of 71.17 million, down 12.96% [4][11] - Yexing Group expects a profit of approximately 12.8 million, a growth of 94% [4][12] Group 2 - Yuexiu Services signed 37 new projects, adding a contract area of 5.96 million square meters [4][16] - China Overseas Property renewed its service contract for the North District Welfare Service Complex in Hong Kong [4][17] - China Energy Conservation Property won the bid for the property management service project at Hangzhou West Station [4][19] - Hongrongyuan Property signed a contract to provide comprehensive property management services for the Shiyue City project in Shenzhen [4][20] - New Dazheng won a procurement project from Beijing Guoyao Asset Management with a bid amount of 25.72 million [4][21] -卓越商企服务 announced a transfer of properties valued at 363 million to offset receivables from its parent company [4][23] Group 3 - The Shenzhen Property Management Association called for active participation in the "Patriotic Health Movement and Civilized City Construction" [4][25] - Guomao Property participated in the compilation of the national standard for carbon emission evaluation in civil buildings, effective from September 1, 2025 [4][26][27] - Jindi Smart Services contributed to the "Liaoning Province Good House Technical Guidelines," marking a new phase in residential quality improvement [4][28] Group 4 - The report highlighted the performance metrics of various listed property companies for the first half of 2025, showcasing revenue growth and profitability trends [4][29]

8月25日晚间，新大正(002968)披露2025年半年报。报告显示，上半年，物业行业正步入从规模驱动向 质量提升的关键转型阶段，面对增量市场空间收窄、存量市场竞争加剧的严峻挑战，公司实现营业收入 15.03亿元，实现归母净利润0.71亿元，扣非后净利润0.65亿元，基本每股收益0.31元。 报告期内，公司立足行业发展趋势，开展了包括公司体系重构、主动退出低质效项目、加速推进数字化 转型、推动城市合伙人计划等重要工作。积极应对市场变革，夯实长期发展基础。公司市场拓展能力实 现快速修复，毛利率较上年同期提升0.9个百分点。 据了解，新大正自去年四季度启动系统性市场营销体系改革，以"产品力升级、渠道优化、合作创新、 网络覆盖"为核心，全面推进营销体系重构。目前，公司技术中台能力系统与全国体系化作战模式基本 成型，上半年市场新拓任务超额完成预期目标，将有效支撑未来营收增长动能。 在科技驱动战略引领下，公司加速数字化转型步伐，以"业务先行、管理跟进、数据打通"为路径，构建 数据驱动的智能决策体系，推动服务场景智能化、管理流程数字化升级；持续拓展行业赋能边界，通过 智慧服务提升客户体验，助力城市美好生活建设。 此外，公 ...

二、公司基本情况 1、公司简介 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002968 证券简称：新大正 公告编号：2025-028 一、重要提示 本半年度报告摘要来自半年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规划，投 资者应当到证监会指定媒体仔细阅读半年度报告全文。 应出席会议的董事8人，亲自出席会议的董事7人，委托出席会议的董事1人。因身体原因，董事王荣先 生授权委托董事刘文波先生代为出席会议并行使表决权。 非标准审计意见提示：□适用 √不适用 董事会审议的报告期利润分配预案或公积金转增股本预案：□适用 √不适用 董事会决议通过的本报告期优先股利润分配预案：□适用 √不适用 ■ 2、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据：□是 √否 ■ 3、公司股东数量及持股情况 单位：股 ■ 持股5%以上股东、前10名股东及前10名无限售流通股股东参与转融通业务出借股份情况：□适用 √不适 用 前10名股东及前10名无限售流通股股东因转融通出借/归还原因导致较上期发生变化：□适用 √不适用 4、控股股东或实际控制人变更情况 公司报告期控股股东、实际控制人未 ...

Group 1 - The core point of the article is that New Dazheng (SZ 002968) held its 14th meeting of the third board of directors on August 22, 2025, to discuss the appointment of the board secretary and other documents [1] - For the first half of 2025, New Dazheng's revenue composition was 99.87% from property management and services, with other businesses contributing only 0.13% [1] - As of the report, New Dazheng's market capitalization is 2.5 billion yuan [1] Group 2 - The A-share market has seen trading volumes exceed 2 trillion yuan for eight consecutive days, indicating strong market activity [1] - Major brokerage firms are actively recruiting for the autumn season, with 25 different positions available, reflecting a demand for talent in the industry [1]

（文章来源：证券日报） 证券日报网讯 8月25日晚间，新大正发布公告称，公司聘任杨谭先生为公司董事会秘书。 ...