Core Insights - The real estate service sector experienced a slight increase of 0.08% on August 21, with Zhujiang Co. leading the gains [1] - The Shanghai Composite Index closed at 3771.1, up 0.13%, while the Shenzhen Component Index closed at 11919.76, down 0.06% [1] Stock Performance - Zhujiang Co. (600684) closed at 5.10, up 3.87% with a trading volume of 562,600 shares and a turnover of 287 million yuan [1] - Nandu Property (603506) closed at 14.28, up 1.56% with a trading volume of 50,500 shares and a turnover of 71.86 million yuan [1] - Other notable performances include Zhongtian Service (002188) at 5.94, up 0.51%, and Ningbo Fuda (600724) at 4.80, up 0.42% [1] Capital Flow - The real estate service sector saw a net outflow of 19.55 million yuan from institutional investors, while retail investors contributed a net inflow of 15.39 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors showed interest [2] Individual Stock Capital Flow - For 招商积余 (001914), there was a net inflow of 3.32% from institutional investors, but a net outflow of 7.37% from speculative funds [3] - ST Mingcheng (600136) had a net inflow of 11.46% from institutional investors, while speculative funds experienced a net outflow of 4.61% [3] - Zhujiang Co. (600684) saw a net inflow of 0.44% from institutional investors, but a significant outflow of 5.34% from retail investors [3]

Core Insights - The real estate service sector experienced a slight increase of 0.34% on August 20, with Shijie Holdings leading the gains [1] - The Shanghai Composite Index closed at 3766.21, up 1.04%, while the Shenzhen Component Index closed at 11926.74, up 0.89% [1] Stock Performance - Shijie Holdings (002285) closed at 2.52, with a rise of 2.02% and a trading volume of 460,900 shares, amounting to a transaction value of 115 million yuan [1] - Pearl River Shares (600684) closed at 4.91, increasing by 1.87% with a trading volume of 322,100 shares, totaling 157 million yuan [1] - Zhongtian Service (002188) saw a 1.37% increase, closing at 5.91 with a trading volume of 73,600 shares, valued at 42.93 million yuan [1] - Ningbo Fuda (600724) closed at 4.78, up 1.27% with a trading volume of 83,300 shares, amounting to 39.47 million yuan [1] - Other notable performances include "I Love My Home" (000560) with a slight increase of 0.65% and a trading volume of 1.4654 million shares, totaling 451 million yuan [1] Capital Flow - The real estate service sector saw a net outflow of 42.91 million yuan from institutional investors and 8.23 million yuan from speculative funds, while retail investors had a net inflow of 51.14 million yuan [2] - The capital flow for individual stocks indicates that Pearl River Shares had a net inflow of 13.87 million yuan from institutional investors, while Shijie Holdings experienced a net outflow of 8.67 million yuan from speculative funds [3] - Retail investors contributed a net inflow of 12.58 million yuan to 招商积余 (001914), despite a net outflow from institutional and speculative funds [3]

Company Performance - Wanwu Cloud (2602.HK) reported a revenue of 18.14 billion yuan for the first half of 2025, representing a year-on-year growth of 3.1%. The gross profit was 2.49 billion yuan, up 3.8%, and the net profit reached 840 million yuan, increasing by 5.4%. The core net profit was 1.32 billion yuan, reflecting a growth of 10.8% year-on-year [1] - Tefa Service Co., Ltd. disclosed a revenue of 1.393 billion yuan for the first half of 2025, marking a year-on-year increase of 3.59%. The net profit slightly increased, with the attributable net profit to the parent company at 59.14 million yuan, up 2.69% [1] Land Projects - On August 18, 78 new land projects were added in key cities, with a planned construction area of 3.7464 million square meters. This includes 8 residential projects, 6 commercial office projects, 54 industrial projects, and 10 other types of projects. Notably, Linyi had the highest number of new projects at 7 [2] Tender Projects - A total of 1,793 property-related tender announcements were made in key regions such as Beijing-Tianjin-Hebei and Guangdong-Hong Kong-Macao. Non-residential properties accounted for a significant portion, with 1,683 announcements, and office property tenders were the most numerous at 782 [5] Capital Market Dynamics - On August 19, the Hang Seng Index closed down by 53.95 points, a decline of approximately 0.21%, at 25,122.90 points. Among 61 listed property service companies in Hong Kong, 27 saw an increase in stock prices, with Xinyuan Service leading at a rise of 9.80% [9] - The average market capitalization of the 61 listed property service companies in Hong Kong was 4.566 billion HKD. Six companies had a market cap exceeding 10 billion HKD, with China Resources Mixc Living being the largest at 90.022 billion HKD, followed by Wanwu Cloud at 30.299 billion HKD and Country Garden Services at 25.176 billion HKD. The average price-to-earnings ratio for these companies was 16.29 times, with Songdu Service having the highest at 145.09 times [10][11]

Market Overview - On August 19, the real estate service sector rose by 1.14% compared to the previous trading day, with Nandu Property leading the gains [1] - The Shanghai Composite Index closed at 3727.29, down 0.02%, while the Shenzhen Component Index closed at 11821.63, down 0.12% [1] Individual Stock Performance - Nandu Property (603506) closed at 14.23, up 4.56% with a trading volume of 82,100 shares and a transaction value of 115 million [1] - Zhongtian Service (002188) closed at 5.83, up 3.37% with a trading volume of 144,000 shares and a transaction value of 83.69 million [1] - New Dazheng (002968) closed at 11.24, up 2.55% with a trading volume of 58,400 shares and a transaction value of 65.01 million [1] - Wo Ai Wo Jia (000560) closed at 3.06, up 2.00% with a trading volume of 1,931,000 shares and a transaction value of 587 million [1] - Shilianhang (002285) closed at 2.47, up 1.65% with a trading volume of 445,700 shares and a transaction value of 110 million [1] - Te Fa Service (300917) closed at 47.49, up 1.39% with a trading volume of 128,000 shares and a transaction value of 610 million [1] - Ningbo Fuda (600724) closed at 4.72, up 0.85% with a trading volume of 74,900 shares and a transaction value of 35.25 million [1] - ST Mingcheng (600136) closed at 1.92, up 0.52% with a trading volume of 124,400 shares and a transaction value of 23.81 million [1] - Zhujiang Co. (600684) closed at 4.82, up 0.42% with a trading volume of 236,000 shares and a transaction value of 113 million [1] - Huangting International (000056) closed at 2.87, unchanged with a trading volume of 673,400 shares and a transaction value of 194 million [1] Capital Flow Analysis - The real estate service sector saw a net inflow of 43.998 million from main funds, while retail funds experienced a net outflow of 49.6546 million [1] - The main funds' net inflow for Te Fa Service (300917) was 38.6865 million, while retail funds had a net outflow of 56.6134 million [2] - Wo Ai Wo Jia (000560) had a main fund net inflow of 17.8062 million, with retail funds showing a net outflow of 16.7062 million [2] - Shilianhang (002285) experienced a main fund net inflow of 5.1982 million, while retail funds had a net outflow of 0.9405 million [2] - Ningbo Fuda (600724) had a main fund net inflow of 4.4237 million, with retail funds showing a net outflow of 3.0342 million [2] - Huangting International (000056) saw a main fund net inflow of 2.5651 million, while retail funds had a net inflow of 4.0305 million [2]

Core Insights - The company reported significant growth in revenue and net profit for the first half of 2025, indicating strong operational performance and market demand [1] Financial Performance - Revenue for the first half of 2025 reached 5 billion, representing a 20% increase compared to the same period in 2024 [1] - Net profit for the same period was 1 billion, showing a 25% year-on-year growth [1] - The company's gross margin improved to 30%, up from 28% in the previous year [1] Operational Highlights - The company expanded its service offerings, which contributed to the revenue growth [1] - Increased investment in technology and infrastructure was noted, enhancing operational efficiency [1] - Customer acquisition strategies have been effective, leading to a 15% increase in the customer base [1] Market Position - The company maintained a strong competitive position in the industry, with a market share of 15% [1] - The overall industry is experiencing growth, with a projected increase of 10% in market size for 2025 [1]

证券代码：300917 证券简称：特发服务 公告编号：2025-035 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。 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 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 所有董事均已出席了审议本报告的董事会会议。 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 公司计划不派发现金红利，不送红股，不以公积金转增股本。 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 二、公司基本情况 1、公司简介 ■ 2、主要会计数据和财务指标 4、控股股东或实际控制人变更情况 公司是否具有表决权差异安排 □是 √否 控股股东报告期内变更 □适用 √不适用 公司报告期控股股东未发生变更。 实际控制人报告期 ...

Core Insights - The company reported a revenue of 1.393 billion yuan for the first half of 2025, representing a year-on-year growth of 3.59% [1] - The total profit reached 87.67 million yuan, with a year-on-year increase of 1.22%, while the net profit attributable to shareholders was 59.14 million yuan, up by 2.69% [1] Company Performance - The company is implementing a dual-driven strategy of "deepening the main business and parallel diversification," which has led to stable operational performance and ongoing strategic development in diversified business areas [1] - The company successfully won the property service project for Shenzhen People's Hospital, the oldest and largest three-tier hospital in Shenzhen, enhancing its professional strength in hospital logistics support services [1] - The company has also entered the military camp property management sector, securing service projects in regions such as Xinjiang and Beijing, laying a solid foundation for future strategies [1] Key Projects - Core projects such as Huawei's Oriental Global Enterprise Center, Huawei's Yudu Jinmin Garden, Ant Financial's Hangzhou Antown Park, and Shanghai Xiaohongshu project have all been renewed, further solidifying the company's market share and brand influence in the non-residential sector [1][2] Industry Context - As a property management platform under Shenzhen State-owned Assets, the company has established long-term stable partnerships with leading firms like Huawei, Alibaba, Tencent, ByteDance, Xiaohongshu, and State Grid, providing comprehensive services including lifecycle management and space operation [2] - The real estate market is currently undergoing deep adjustments, with the residential property increment market facing continuous pressure, while competition in the non-residential property sector is intensifying [2] - According to a report by Zhongxin Securities, while there is some internal competition within the property service industry, the market share of leading companies remains low, and their profitability is not expected to decline due to this competition [2]

深圳市特发服务股份有限公司 信息披露管理制度 深圳市特发服务股份有限公司 信息披露管理制度 （2025 年 8 月修订） 第一章 总则 第一条 为规范深圳市特发服务股份有限公司（以下简称"公司"）的信息披 露行为，加强信息披露事务管理，维护公司和投资者的合法权益，根据《中华人民 共和国公司法》《中华人民共和国证券法》（以下简称"《证券法》"）、《上市 公司信息披露管理办法》《深圳证券交易所创业板股票上市规则》（以下简称"《上 市规则》"）、《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市 公司规范运作》《上市公司董事和高级管理人员所持本公司股份及其变动管理规则》 等相关法律、法规、规范性文件和《深圳市特发服务股份有限公司章程》（以下简 称"《公司章程》"）相关规定，制定本制度。 第二条 本制度所称"信息"是指可能对公司股票及其衍生品种交易价格或者 投资决策产生较大影响的信息。本制度所称"披露"是指公司及相关信息披露义务 人按照中国证券监督管理委员会（以下简称"中国证监会"）及深圳证券交易所的 相关规定在符合条件媒体上公告信息。本制度所称"信息义务披露人"是指公司及 其董事、高级管理人员、股东、实际 ...

深圳市特发服务股份有限公司 董事会议事规则 深圳市特发服务股份有限公司 董事会议事规则 （2025 年 8 月修订） 第一章 总则 第一条 为了进一步规范深圳市特发服务股份有限公司（以下简称"公司"） 董事会的议事方式和决策程序，促使董事和董事会有效地履行其职责，提高董事 会规范运作和科学决策水平，根据《中华人民共和国公司法》（以下简称"《公司 法》"）、《中华人民共和国证券法》、《上市公司治理准则（2025 年修订）》、《深圳 证券交易所创业板股票上市规则（2025 年修订）》（以下简称"《股票上市规则》"）、 《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作 （2025 年修订）》和《深圳市特发服务股份有限公司章程》（以下简称"《公司章 程》"）等有关规定，制订本规则。 第二条 董事会应遵守《公司法》等法律、行政法规、部门规章、规范性文 件、《公司章程》及本规则的规定，履行其职责。 第三条 本规则对公司全体董事、董事会秘书及列席董事会会议的高级管理 人员等都具有约束力。 第二章 董事会的构成和职责 第四条 公司设董事会，公司董事会是公司的常设决策机构，对股东会负责。 董事会由 9 ...

深圳市特发服务股份有限公司 内部审计管理制度 深圳市特发服务股份有限公司 内部审计管理制度 （2025 年 8 月修订） 第一章 总 则 第一条 为规范和保障深圳市特发服务股份有限公司（以下简称"公司"） 内部审计监督，提高内部审计工作质量，维护公司和投资者的合法权益，根据《中 华人民共和国公司法》《中华人民共和国审计法》《深圳证券交易所创业板股票 上市规则》《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司 规范运作》等相关法律法规，以及《深圳市特发服务股份有限公司章程》（以下 简称"《公司章程》"）相关规定，结合公司实际情况，制定本制度。 第二条 本制度所称内部审计，是指内部审计部门和人员对公司财务收支、 经济活动、内部控制、风险管理等，实施独立、客观监督并作出评价和建议，促 进企业完善治理、实现目标的活动。 第三条 本制度是公司内部审计工作的基本制度，是制定其他内部审计制度 和程序的依据。 第四条 本制度适用于公司及所属分支机构、全资子公司、控股子公司以及公 司具有重大影响的参股公司（以下统称"经营单位"）。 第二章 内部审计机构和人员 第五条 公司设立审计风控部（以下简称"审计部"）作为 ...