Group 1 - The core point of the article is that TeFa Service (300917) announced the completion of a share reduction plan by its shareholder, Jiaxing Chuangze Investment Partnership (Limited Partnership) [1] - The shareholder reduced its holdings by 690,263 shares, which represents 0.41% of the total share capital [1] - After the reduction, the shareholder holds 4,362,880 shares, accounting for 2.58% of the total share capital [1]

Core Viewpoint - Shenzhen TeFa Service Co., Ltd. disclosed the results of a shareholder reduction announcement, indicating a planned reduction of shares by a significant shareholder [1] Group 1: Shareholder Reduction Details - The shareholder, Jiaxing Chuangze Investment Partnership (Limited Partnership), had previously announced a reduction plan on October 21, 2025, intending to reduce up to 1,690,000 shares (1% of total share capital) between November 12, 2025, and February 11, 2026 [1] - The actual reduction period occurred from June 13 to July 4, 2025, during which 690,263 shares were sold through centralized bidding, representing 0.41% of the company's total share capital [1] - The average selling price was 43.23 yuan per share, with a price range between 42.00 yuan and 46.15 yuan per share [1] Group 2: Shareholding Changes - Following the reduction, the shareholder's ownership percentage decreased from 2.99% to 2.58% [1]

Group 1 - The core point of the article is that the shareholder, Jiaxing Chuangze Investment Partnership (Limited Partnership), has reduced its stake in the company by selling 690,263 shares, which represents 0.41% of the total share capital [1] - After the reduction, the shareholder now holds 4,362,880 shares, accounting for 2.58% of the total share capital [1]

证券代码：300917 证券简称：特发服务 公告编号：2026-009 深圳市特发服务股份有限公司 关于公司股东减持计划时间届满暨减持结果的公告 注：上表若出现合计数与各分项数据之和尾数不符的，均为四舍五入原因所致，特此告知。 公司股东嘉兴创泽投资合伙企业（有限合伙）保证向本公司提供的信息内 容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一 致。 深圳市特发服务股份有限公司（以下简称"公司"）于 2025 年 10 月 21 日 披露了《股东减持股份预披露公告》（公告编号：2025-046），股东嘉兴创泽投 资合伙企业（有限合伙）计划以集中竞价方式减持公司股份不超过 1,690,000 股（占公司总股本的 1%），实施期限为自减持公告披露之日起 15 个交易日后的 三个月内（2025 年 11 月 12 日至 2026 年 2 月 11 日）。 公司于近日收到该股东出具的《关于股份减持计划时间届满的告知函》，现 将有关情况公告如下： 上述减持股份的来源:执行法院裁定（含因资本公积金转增股本而相应增加 的股份） 股东名称 减持方式 减持期间 ...

Summary of Key Points Core Viewpoint - The major shareholder of Economic Observation Network, Xinyu Yinkun Enterprise Management Co., Ltd., plans to reduce its stake by up to 5.07 million shares, representing 3% of the company's total share capital, between February 13, 2026, and May 12, 2026 [1]. Group 1: Share Reduction Details - The planned reduction includes a maximum of 1.69 million shares through centralized bidding, which accounts for 1% of the total share capital [2]. - Additionally, up to 3.38 million shares will be reduced through block trading, representing 2% of the total share capital [2].

Core Insights - The real estate service sector experienced a significant increase of 3.94% on February 4, with "I Love My Home" leading the gains [1] - The Shanghai Composite Index closed at 4102.2, up 0.85%, while the Shenzhen Component Index closed at 14156.27, up 0.21% [1] Group 1: Stock Performance - "I Love My Home" (code: 000560) closed at 3.61, with a rise of 10.06% and a trading volume of 4.1629 million shares [1] - "Te Fa Service" (code: 300917) saw a closing price of 42.50, increasing by 6.52% with a trading volume of 166,900 shares [1] - "World Union" (code: 002285) closed at 2.87, up 5.90%, with a trading volume of 984,700 shares [1] - "Huangting International" (code: 000056) closed at 1.88, increasing by 5.03% with a trading volume of 944,200 shares [1] - "Zhongshan Service" (code: 002188) closed at 7.24, up 1.69%, with a trading volume of 250,600 shares [1] Group 2: Capital Flow - The real estate service sector saw a net inflow of 335 million yuan from institutional investors, while retail investors experienced a net outflow of 155 million yuan [2] - "I Love My Home" had a net inflow of 254 million yuan from institutional investors, but a net outflow of 168 million yuan from retail investors [3] - "Te Fa Service" recorded a net inflow of 46.64 million yuan from institutional investors, with a net outflow of 23.48 million yuan from retail investors [3]

Core Viewpoint - The A-share real estate sector has seen significant gains, particularly driven by the launch of a program in Shanghai to acquire second-hand housing for affordable rental housing projects, targeting new citizens, young people, and graduates [1] Group 1: Market Performance - Real estate stocks in the A-share market experienced substantial afternoon gains, with notable performers including I Love My Home and Huafa Co., which hit the daily limit [1] - Other companies such as Rong'an Real Estate, Jingtou Development, and Caixin Development also reached their daily limit previously, while China Merchants Shekou and City Investment Holdings rose over 7% [1] - The following companies showed significant increases: Jindi Group and Tefa Service over 6%, and Zhongzhou Holdings, Jingneng Real Estate, Binjiang Group, and Shilianhang over 5% [1] Group 2: Company Data - Rong'an Real Estate: 10.27% increase, market cap of 6.495 billion [2] - Jingtou Development: 10.09% increase, market cap of 4.445 billion [2] - I Love My Home: 10.06% increase, market cap of 8.503 billion [2] - Huafa Co.: 9.95% increase, market cap of 12.2 billion [2] - Caixin Development: 9.92% increase, market cap of 2.927 billion [2] - China Merchants Shekou: 7.50% increase, market cap of 98.2 billion [2] - City Investment Holdings: 7.13% increase, market cap of 1.39 billion [2] - Jindi Group: 6.69% increase, market cap of 15.1 billion [2] - Tefa Service: 6.52% increase, market cap of 7.183 billion [2] - New Town Holdings: 6.19% increase, market cap of 40.2 billion [2] - Zhongzhou Holdings: 5.88% increase, market cap of 5.87 billion [2] - Jingneng Real Estate: 5.79% increase, market cap of 2.898 billion [2] - Binjiang Group: 5.74% increase, market cap of 37.8 billion [2] - Shilianhang: 5.54% increase, market cap of 5.699 billion [2]

Market Performance - The real estate service sector increased by 1.52% on February 3, with TeFa Service leading the gains [1] - The Shanghai Composite Index closed at 4067.74, up 1.29%, while the Shenzhen Component Index closed at 14127.1, up 2.19% [1] Individual Stock Performance - TeFa Service (300917) closed at 39.90, up 3.07% with a trading volume of 86,200 shares and a transaction value of 3.47 billion [1] - World Union (002285) closed at 2.71, up 3.04% with a trading volume of 491,800 shares and a transaction value of 133 million [1] - ST Mingcheng (600136) closed at 1.75, up 2.34% with a trading volume of 166,100 shares and a transaction value of 28.86 million [1] - I Love My Home (000560) closed at 3.28, up 2.18% with a trading volume of 1,884,200 shares and a transaction value of 616 million [1] - Zhongtian Service (002188) closed at 7.12, up 2.15% with a trading volume of 284,700 shares and a transaction value of 204 million [1] Capital Flow Analysis - The real estate service sector experienced a net outflow of 5.73 million from institutional investors and 30.98 million from speculative funds, while retail investors saw a net inflow of 36.70 million [2] - The capital flow for individual stocks shows that I Love My Home had a net outflow of 15.62 million from institutional investors, while retail investors had a net inflow of 10.58 million [3] - World Union had a net inflow of 6.67 million from institutional investors, but a net outflow of 13.87 million from speculative funds [3]

Market Overview - On January 29, the real estate service sector rose by 4.56% compared to the previous trading day, with TeFa Service leading the gains [1] - The Shanghai Composite Index closed at 4157.98, up 0.16%, while the Shenzhen Component Index closed at 14300.08, down 0.3% [1] Stock Performance - TeFa Service (300917) closed at 42.60, up 10.13% with a trading volume of 220,900 shares [1] - Zhujiang Shares (600684) closed at 4.92, up 10.07% with a trading volume of 824,500 shares [1] - Wo Ai Wo Jia (000560) closed at 3.33, up 9.90% with a trading volume of 3,395,100 shares [1] - Other notable performers include Shilianhang (002285) up 5.13% and Zhaoshang Jiyu (001914) up 3.50% [1] Capital Flow - The real estate service sector saw a net inflow of 461 million yuan from institutional investors, while retail investors experienced a net outflow of 179 million yuan [2] - The main capital flow data indicates that Wo Ai Wo Jia had a net inflow of 257 million yuan from institutional investors, but a net outflow of 121 million yuan from retail investors [3] - Zhujiang Shares also had a significant net inflow of 121 million yuan from institutional investors, with a net outflow of 70 million yuan from retail investors [3]

Group 1 - The A-share market saw a significant rally in the liquor and real estate sectors, with the liquor index rising over 9% and several stocks hitting the daily limit, including Guizhou Moutai which increased by over 8% [1] - The liquor index had previously dropped to 2532.899 points, marking a decline of over 24% since early 2025, while the real estate sector had risen over 26% during the same period [1] - Both liquor and real estate are considered cyclical sectors, with their last simultaneous surge occurring during the "924" market rally, where the real estate index rose over 28% and the liquor sector over 36% within five trading days [1] Group 2 - Wanlian Securities indicates that the liquor industry is currently in a bottoming phase, with low valuations and high dividends providing support for stock prices, and anticipates an upward turning point as channel inventories clear [2] - Guojin Securities notes positive changes in the real estate market since the beginning of 2026, with increased transaction volumes and stabilization in second-hand housing prices, marking a departure from previous trends [2] - The current improvement in the real estate market is characterized by a lack of optimization policies and a decrease in the number of second-hand listings in key cities, contrasting with past market recoveries [2]