一、本次权益变动情况 本次交易的方案为：公司拟通过发行股份及支付现金的方式向信宸设施管理 购买嘉信立恒 75.1521%股权（对应 2,306.9737 万元注册资本），并拟向不超过 35 名符合条件的特定对象发行股份募集配套资金；本次募集配套资金总额不超过 45,857.2220 万元，发行股份数量不超过本次发行股份购买资产完成后上市公司 总股本的 30%。 关于本次重大资产重组涉及控股股东、实际控制人 及其他 5%以上股东权益变动的提示性公告 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，无虚假记 载、误导性陈述或者重大遗漏。 新大正物业集团股份有限公司（以下简称"公司"、"上市公司"或"新大正"） 拟通过发行股份及支付现金的方式向 TS Capital Facility Management Holding Company Limited（以下简称"信宸设施管理"）等 8 名交易对方购买其合计所持 有的嘉信立恒设施管理（上海）有限公司（以下简称"标的公司""嘉信立恒"） 75.1521%股权（对应 2,306.9737 万元注册资本），并拟向不超过 35 名特定投资者 发行股份募集配套资金（ ...

| 重组报告书 | 预案 | 主要差异情况说明 | | --- | --- | --- | | 章节 | 章节 | | | | | 1、增加相关证券服务机构及人员声明 | | 声明 | 声明 | 2、更新上市公司及全体董事、高级管理人员声明、交易对 | | | | 方声明 | | 释义 | 释义 | 为便于投资者阅读理解，新增和调整部分释义 | | 重大事项提示 | 重大事项提示 | 1、增加本次重组方案的调整情况； | | | | 2、更新交易标的公司评估情况、支付方式、发行股份及募 | | | | 集配套资金情况和本次交易方案相关内容； | | | | 3、更新本次交易对上市公司的影响，包括股权结构、主营 | | | | 业务、主要财务指标的影响分析； | | | | 4、更新本次交易已履行及尚需履行的决策和报批程序； | | | | 5、更新及补充本次重组对中小投资者权益保护的安排； | 新大正物业集团股份有限公司（以下简称"公司"或"上市公司"）拟通过 发行股份及支付现金的方式购买嘉信立恒设施管理（上海）有限公司（以下简称 "嘉信立恒"或"标的公司"）75.1521%股权（对应 2,306.9737 ...

证券代码：002968 证券简称：新大正 公告编号：2026-002 新大正物业集团股份有限公司 关于召开2026年第一次临时股东会的通知 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、召开会议的基本情况 （一）股东会届次：2026年第一次临时股东会 （二）股东会的召集人：公司董事会于2026年1月23日召开的第三届董事会第 十七次会议决定召开本次股东会。 （三）会议召开的合法、合规性：本次股东会的召开合法、合规，符合《公司法》等有 关法律、行政法规、部门规章、规范性文件、深圳证券交易所（以下简称"深交所"）业 务规则和《公司章程》的规定。 （四）会议召开的日期、时间： 1、股权登记日持有公司股份的普通股股东或其代理人。于股权登记日下午 收市时在结算公司登记在册的公司全体普通股股东均有权出席股东会，并可以以 书面形式委托代理人出席会议和参加表决，该股东代理人不必是本公司股东（授 权委托书模板详见附件2）； 1、现场会议：2026年2月9日15:00开始； 2、网络投票： （1）通过深交所交易系统进行网络投票的具体时间为2026年2月9日 9:15-9:2 ...

证券代码：002968 证券简称：新大正 公告编号：2026-001 新大正物业集团股份有限公司 第三届董事会第十七次会议决议公告 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。 第一部分 董事会会议召开情况 新大正物业集团股份有限公司（以下简称"公司"）第三届董事会第十七次会 议于2026年1月23日在上海外滩茂悦酒店以现场会议方式召开。会议通知于2026年1 月15日以书面及通讯方式发出。会议应出席董事8名，实际出席董事8名。本次会议 由公司董事长李茂顺先生召集并主持，公司全体监事及高级管理人员列席了会议。 本次会议的召集和召开符合《公司法》等法律法规及《公司章程》《董事会议事规 则》的有关规定，本次会议的召集和召开程序合法有效。 第二部分 董事会会议审议情况 经与会董事认真审议，以记名投票方式通过以下决议： 一、审议通过《关于公司符合发行股份及支付现金购买资产并募集配套资金暨 关联交易有关条件的议案》 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司重大资 产重组管理办法》《上市公司证券发行注册管理办法》《上市公司监管指引第9号 ——上市公 ...

证券之星消息，1月23日房地产服务板块较上一交易日下跌0.44%，特发服务领跌。当日上证指数报收于 4136.16，上涨0.33%。深证成指报收于14439.66，上涨0.79%。房地产服务板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 002285 | 世联行 | 2.90 | 1.40% | 58.74万 | 1.68 亿 | | 600136 | ST明诚 | 1.71 | 1.18% | 13.73万 | 2338.02万 | | 002968 | 新大正 | 14.18 | 0.50% | 5.80万 | 8090.84万 | | 001914 | 招商积余 | 11.75 | 0.17% | 10.21万 | 1.19亿 | | 000056 | 皇庭国际 | 2.10 | 0.00% | 28.92万 | 6058.22万 | | 600684 | 珠江股份 | 4.74 | -0.21% | 20.70万 | 9759.27万 | | 002188 | 中天 ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 600684 | 珠江股份 | 4.75 | -1.45% | 28.67万 | 1.35亿 | | 002968 | 新大正 | 14.11 | -1.40% | 5.21万 | 7362.29万 | | 300917 | 特发服务 | 41.35 | -0.58% | 7.10万 | 2.94亿 | | 000560 | 我爱我家 | 3.16 | 0.00% | 200.83万 | 6.37亿 | | 002285 | 世联行 | 2.86 | 0.00% | 66.30万 | 1.88 Z | | 001914 | 招商积余 | 11.73 | 0.43% | 12.64万 | 1.48亿 | | 603506 | 南都物业 | 14.46 | 0.84% | 3.68万 | 5311.85万 | | 002188 | 中天服务 | 6.81 | 1.19% | 16.90万 | 1.14亿 | | 600136 | ST明诚 | 1.69 ...

Group 1 - The real estate service sector increased by 4.46% on January 20, with Xin Dazheng leading the gains [1] - The Shanghai Composite Index closed at 4113.65, down 0.01%, while the Shenzhen Component Index closed at 14155.63, down 0.97% [1] - Key stocks in the real estate service sector showed significant price increases, with Xin Dazheng rising by 7.57% to a closing price of 14.07 [1] Group 2 - The real estate service sector saw a net inflow of 344 million yuan from institutional investors, while retail investors experienced a net outflow of 224 million yuan [2] - Major stocks like "Wo Ai Wo Jia" had a net inflow of 24.5 million yuan from institutional investors, but a net outflow of 138 million yuan from retail investors [3] - "Te Fa Service" recorded a net inflow of 54.04 million yuan from institutional investors, while retail investors had a net outflow of 69.07 million yuan [3]

Investment Rating - The report assigns an "Overweight" rating for the real estate sector [4]. Core Insights - The report highlights that the rental yield in major cities has shifted from a negative outlook to a neutral stance due to the CPI turning positive and the continuous decline in risk-free rates. This indicates potential stabilization in asset prices in key cities [2]. - The rental yield in first-tier cities has increased from 1.6% in 2020 to 1.9% in 2025, although it remains below the mortgage loan rates and slightly above the risk-free rates. The "rental yield + CPI" metric is expected to improve as the CPI in some first-tier cities turns positive [4]. - Second-tier cities are showing signs of price stabilization, with the "rental yield + CPI" metric improving from 2.3% in 2023 to 2.6% in 2024 and maintaining that level in 2025. Cities like Hefei and Xi'an are expected to see further improvements in their rental yields [4]. Summary by Sections Rental Yield Analysis - The historical rental yield was 1.5%, but when adjusted for CPI, it is not considered low. The report emphasizes the need to differentiate between actual and nominal yields [4]. - The nominal rental yield is adjusted to account for potential inflation, making it a more comparable metric. The report suggests that the high inflation period has made the first-tier cities' rental yield of 1.5% equivalent to an international nominal yield of 3.5% [4]. Market Trends - The report notes that the rental yield plus CPI in first-tier cities is around 2.5%, which is now higher than the risk-free rate. This indicates a potential shift in market dynamics [5]. - The report also points out that the proportion of declining listing prices has increased, indicating a weakening in the second-hand housing market, with about 19% of listings showing price declines [4][18]. Future Outlook - The report anticipates that as the CPI continues to rise and the risk-free rate declines, asset prices in key cities may transition from a negative outlook to a neutral one. This is particularly relevant for second-tier cities, which are expected to have a stronger rental yield plus CPI metric [4].

Investment Rating - The report assigns an "Overweight" rating for the real estate industry [4]. Core Insights - The real estate sector is expected to experience a noticeable decline in 2025, aligning with earlier predictions that companies would maintain positive cash flow and that there would be no financial risks throughout the year. The focus will shift from finance to economic aspects in 2026 [2]. - The anticipated theme for 2026 is "high-quality development," with an emphasis on urban renewal. Recommended companies include Vanke A, Poly Developments, China Overseas Development, and Longfor Group among others [59]. - The total investment in real estate development is projected to be 8.3 trillion yuan, with sales amounting to 8.4 trillion yuan, achieving the goal of no financial risks for the year. The industry is expected to continue reducing investment, primarily in construction, which will further alleviate spending pressures [59][60]. Summary by Sections Investment Overview - In 2025, the cumulative real estate development investment is expected to decline by 17.2% compared to 2024, with residential investment decreasing by 16.3% [13][11]. - The total sales amount for commercial housing is projected to drop by 12.6% year-on-year [10][11]. Sales and Construction Data - The total sales area of commercial housing for 2025 is estimated at 881 million square meters, reflecting an 8.7% year-on-year decrease [25][10]. - The new construction area is expected to decline by 20.4% year-on-year, while the completion area is projected to decrease by 18.1% [18][9]. Funding Sources - The total funding for real estate development is anticipated to reach 9.31 trillion yuan, with a year-on-year decline of 13.4% [43][11]. - Domestic loans are expected to account for 15.14% of the funding sources, with a year-on-year decrease of 7.3% [47][49]. Market Dynamics - The unsold housing area at the end of 2025 is projected to be 766 million square meters, with a year-on-year increase of 1.6% [60][37]. - The report emphasizes the importance of understanding the real estate sector's impact on the economy, focusing on physical construction rather than virtual rental income [61].

Market Performance - The real estate service sector increased by 1.12% on January 19, with Zhongtian Service leading the gains [1] - The Shanghai Composite Index closed at 4114.0, up 0.29%, while the Shenzhen Component Index closed at 14294.05, up 0.09% [1] Individual Stock Performance - Zhongtian Service (002188) closed at 6.58, up 4.11% with a trading volume of 200,600 shares and a turnover of 130 million yuan [1] - Nandu Property (603506) closed at 14.37, up 3.08% with a trading volume of 61,200 shares and a turnover of 86.45 million yuan [1] - Wo Ai Wo Jia (000560) closed at 3.00, up 1.69% with a trading volume of 1,337,100 shares and a turnover of 398 million yuan [1] - Other notable stocks include Ningbo Fuda (600724) at 6.39, up 1.59%, and Huangting International (000056) at 2.04, up 1.49% [1] Capital Flow Analysis - The real estate service sector saw a net inflow of 65.85 million yuan from institutional investors, while retail investors experienced a net outflow of 6.77 million yuan [2] - The overall capital flow indicates that institutional investors are more optimistic about the sector compared to retail investors [2] Detailed Capital Flow for Individual Stocks - Wo Ai Wo Jia (000560) had a net outflow of 53.83 million yuan from institutional investors, indicating a bearish sentiment [3] - Zhongtian Service (002188) experienced a net inflow of 10.08 million yuan from institutional investors, showing positive investor sentiment [3] - Other stocks like Nandu Property (603506) and Ningbo Fuda (600724) also had minor net inflows from institutional investors [3]