证券代码：002968 证券简称：新大正 公告编号：2025-031 新大正物业集团股份有限公司 关于股份回购进展情况的公告 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。 新大正物业集团股份有限公司（以下简称"公司"）于 2025 年 4 月 27 日召开 第三届董事会第十三次会议和第三届监事会第十一次会议，审议通过了《关于公 司回购股份方案的议案》，同意公司使用自有资金以集中竞价交易方式回购部分公 司已在境内发行的人民币普通股（A 股）股票，用于后续实施员工持股计划或股 权激励。拟用于回购资金总额不低于人民币 1,000 万元、不超过人民币 2,000 万元， 回购价格不超过人民币 13.96 元/股，2024 年度权益分派实施后相应调整为不超过 13.78 元/股。具体回购股份数量以回购期限届满时实际回购股份数量为准。具体 内容详见公司在《证券时报》《上海证券报》和巨潮资讯网（www.cninfo.com.cn） 披露的相关公告。 根据《上市公司股份回购规则》《深圳证券交易所上市公司自律监管指引第 9 号——回购股份》等相关规定，公司在回购期间应当在每个 ...

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]

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]

Core Viewpoint - The recent financial report of Xinda Zheng (002968) indicates a decline in revenue and net profit for the first half of 2025, while showing improvements in profitability margins [1] Financial Performance Summary - Total revenue for the first half of 2025 was 1.503 billion yuan, a decrease of 12.88% year-on-year [1] - Net profit attributable to shareholders was 71.18 million yuan, down 12.96% year-on-year [1] - In Q2 2025, total revenue was 761 million yuan, a decline of 11.41% year-on-year, with net profit at 37.35 million yuan, down 11.85% year-on-year [1] - Gross margin increased by 7.14% to 13.64%, and net margin rose by 3.67% to 5.34% [1] - Total expenses (selling, administrative, and financial) amounted to 105 million yuan, accounting for 7.01% of revenue, an increase of 5.31% year-on-year [1] - Earnings per share decreased by 13.89% to 0.31 yuan, while operating cash flow per share improved by 10.81% to -0.64 yuan [1] Significant Financial Changes - Cash and cash equivalents decreased by 39.25% due to dividend payments and bonuses [3] - Accounts receivable increased by 18.12% due to seasonal increases in customer settlement cycles [3] - Long-term equity investments decreased by 57.33% due to investment recoveries from associates [3] - Construction in progress increased by 232.84% due to capital expenditures on digital transformation [3] - Financial expenses rose by 37.36% due to interest payments on loans [3] - Net cash flow from investing activities increased by 94.37% due to investment recoveries [3] Business Evaluation - The company's return on invested capital (ROIC) for the previous year was 9.66%, indicating average capital returns [4] - The net profit margin was 3.76%, suggesting low added value for products or services [4] - Historical data shows a median ROIC of 19.88% since the company went public, with the worst year being 2024 at 9.66% [4] - The cash flow situation is a concern, with cash and cash equivalents to current liabilities ratio at 88.07% [4] - Accounts receivable have reached 795.22% of profit, indicating potential collection issues [4] - Analysts expect the company's performance in 2025 to reach 130 million yuan, with an average earnings per share forecast of 0.57 yuan [4]

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]

Core Viewpoint - The company is undergoing a critical transformation from scale-driven growth to quality enhancement in the property industry, facing challenges such as a shrinking incremental market and intensified competition in the existing market [2]. Financial Performance - In the first half of 2025, the company achieved operating revenue of 1.503 billion yuan, a net profit attributable to shareholders of 71 million yuan, and a net profit of 65 million yuan after deducting non-recurring items, with basic earnings per share of 0.31 yuan [2]. Strategic Initiatives - The company has implemented significant initiatives including restructuring its system, proactively exiting low-efficiency projects, accelerating digital transformation, and promoting a city partner program to adapt to market changes and strengthen its long-term development foundation [2]. - The company’s market expansion capabilities have rapidly recovered, with a gross profit margin increase of 0.9 percentage points compared to the same period last year [2]. Marketing and Technology Development - Since the fourth quarter of last year, the company has initiated a systematic reform of its marketing system, focusing on product upgrades, channel optimization, cooperative innovation, and network coverage, which has led to exceeding market expansion targets in the first half of the year [2]. - The company is accelerating its digital transformation under a technology-driven strategy, establishing a data-driven intelligent decision-making system, and enhancing service scenarios and management processes through digital upgrades [2]. Application of Emerging Technologies - The company is actively promoting the application of emerging technologies such as robotics and artificial intelligence in various scenarios, including deploying cleaning robots and inspection drones in schools [3]. - Leveraging its leading full-scenario operational capabilities in public property management and long-term data accumulation, the company is exploring the synergistic effects of "scenarios + technology" in collaboration with hardware development and manufacturing partners [3].

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 ...