美股中概股盘前涨跌互现，贝壳涨3%，富途控股涨1%，拼多多、携程涨0.1%，京东持平，阿里巴巴跌 0.5%，蔚来跌2%。 本文源自：金融界AI电报 ...

2月24日，贝壳联合创始人、董事长兼首席执行官彭永东和联合创始人单一刚在内部全员信中透露，在 贝壳和链家迈向25周年之际，将共同捐赠1000万股A类贝壳普通股，税后资金将用于设立"健康家贝守 护金"，作为贝壳和链家员工以及行业服务者约50万人的保障金。按2月23日收盘价，该笔捐赠价值约4 亿元，项目将于年内启动。 "健康家贝守护金"包含三个子项目。"生命急护金"用于突发重疾确诊的情况，一经确诊、资料齐全，可 在2个工作日内快速申领2万元。这一急护金不同于市面上的事后保险报销模式，而是定位于"生命救 急"，第一时间为困境中的家庭送去及时保障。 另两个项目则是对特殊情况的保障和兜底。失去劳动能力或符合条件的员工和居住行业服务者家庭可 获"家暖帮扶金"专项一次性给予的10万元，符合"家暖帮扶金"条件的受益人还可根据子女在读的学龄阶 段通过"子女教育金"专项获得2万到10万元不等的一次性教育资金，助家庭渡过难关。"家暖帮扶 金"和"子女教育金"是在原有贝壳员工相关保障的基础上升级而来，不仅提高了员工的总保障金额，受 益面也扩展到了平台服务者。 据悉，本次"健康家贝守护金"专项受益人群超过50万人，从入职6个月以上的贝 ...

Core Viewpoint - Beike-W (02423) has seen a significant stock price increase, attributed to its inclusion in the Hang Seng China Enterprises Index, which is expected to enhance its market visibility and investor interest [2][5]. Group 1: Stock Performance - Beike-W's stock price rose over 10% during trading, with a current increase of 8.71%, reaching HKD 47.94, and a trading volume of HKD 4.95 billion [2][5]. Group 2: Index Inclusion - On February 13, the Hang Seng Index Company announced that Beike-W will be added to the Hang Seng China Enterprises Index, effective after market close on March 6, 2026, and starting March 9, 2026 [2][5]. Group 3: Financial Forecast - According to CMB International, Beike-W's revenue for Q4 of the previous year is expected to decline by 28.5% year-on-year to RMB 22.2 billion, with a projected non-GAAP net profit of RMB 427 million and a non-GAAP net profit margin of 1.9% [2][5]. - The firm remains optimistic about Beike's strong technological capabilities, quality service, and established broker network, anticipating market share growth in the housing transaction business [2][5]. - For 2026, Beike is expected to implement cost optimization measures in its core real estate transaction business, leading to a projected non-GAAP net profit of RMB 7 billion, a year-on-year increase of approximately 42% compared to the forecasted RMB 4.9 billion for 2025 [2][5].

Group 1 - The core message highlights that on the occasion of the 25th anniversary of Beike and Lianjia, Beike's co-founders, Peng Yongdong and Shan Yigang, will donate 10 million shares of Class A common stock, valued at approximately 400 million yuan, as a security fund for around 500,000 employees and industry service providers [1] - This donation is widely recognized in the industry as a demonstration of corporate responsibility and sets a benchmark for the protection of rights for practitioners in the housing service industry [1] - The long-term implications of this initiative are expected to positively influence the healthy development of the industry [1]

Core Viewpoint - Beike's stock price surged over 11% during trading, driven by a significant donation announcement from its founders, which is seen as a positive move for the industry and its employees [1] Group 1: Company Actions - Beike's co-founders, Peng Yongdong and Shan Yigang, announced a donation of 10 million shares of Class A common stock, valued at approximately 400 million yuan [1] - The donation is intended as a security fund for around 500,000 employees in the Beike and Lianjia ecosystem, highlighting the company's commitment to its workforce [1] Group 2: Industry Impact - The donation has been widely recognized within the industry as a demonstration of corporate responsibility, setting a benchmark for employee rights protection in the housing service sector [1] - This initiative is expected to contribute positively to the long-term healthy development of the housing service industry [1]

招银国际发布研报称，预测受高基数影响，贝壳-W去年第四季收入将按年下跌28.5%至222亿元人民币 (下同)，计及一次性成本控制措施后，预测季度非通用会计准则(non-GAAP)净利润为4.27亿元，non- GAAP净利润率料达1.9%。 但该行强调，仍看好贝壳拥有强大的技术能力、优质的服务质量以及成熟的经纪人合作网络，有望在房 屋交易业务中扩大市场份额，预期2026年集团对核心房产交易业务推行成本优化措施，加上新业务盈利 改善，将推动盈利复苏，预计2026年全年non-GAAP净利润达70亿元，较2025年预测达49亿元按年增长 约42%。 贝壳-W(02423)盘中涨超10%，截至发稿，涨9.36%，报48.14港元，成交额3.19亿港元。 消息面上，2月13日，恒生指数公司宣布截至2025年12月31日的恒生指数系列季度检讨结果，恒生中国 企业指数加入贝壳-W等成份股。变动将于2026年3月6日(星期五)收市后实施并于2026年3月9日(星期一) 起生效。 ...

Group 1 - Beike-W (02423) shares rose over 10% during trading, closing at 48.14 HKD with a transaction volume of 319 million HKD [1] - The Hang Seng Index Company announced that Beike-W will be included in the Hang Seng China Enterprises Index as of March 6, 2026, with the change effective from March 9, 2026 [1] - CMB International forecasts a 28.5% year-on-year decline in Beike-W's Q4 revenue to 22.2 billion RMB, with a projected non-GAAP net profit of 427 million RMB and a non-GAAP net profit margin of 1.9% [1] Group 2 - CMB International remains optimistic about Beike's strong technological capabilities, quality service, and established broker network, which are expected to help expand market share in the housing transaction business [1] - The company is expected to implement cost optimization measures in its core property transaction business by 2026, alongside improvements in profitability from new business, leading to a projected non-GAAP net profit of 7 billion RMB for the year, representing a 42% year-on-year increase from the forecasted 4.9 billion RMB in 2025 [1]

Core Insights - The co-founders of Beike, Peng Yongdong and Shan Yigang, announced a donation of 10 million Class A ordinary shares, valued at approximately 400 million RMB as of February 23, 2026, to establish the "Health Home Guardian Fund" [1] - This fund aims to provide support for over 500,000 employees and platform service providers through three sub-plans: emergency medical funds, family assistance funds, and children's education funds [1] - This donation follows a previous contribution of 9 million shares (valued at about 440 million RMB) made in December 2025, bringing the total donations to 840 million RMB [1] Stock Performance - Beike's stock has experienced fluctuations, with the latest price for Hong Kong shares at 44.02 HKD (as of February 24), reflecting a decline of 2.18% on that day and a cumulative drop of 9.24% over the past five days [1] - The latest price for U.S. shares is 17.05 USD, showing an increase of 0.95% on the same day, but a slight decrease of 0.76% over the last five days [1] - Institutional holdings have decreased, with the proportion dropping to 5.17% as of February 20, indicating significant net outflows [1] - Technical indicators suggest that the Hong Kong stock price is near the lower band of the Bollinger Bands, indicating short-term pressure [1]

Core Viewpoint - On February 24, Beike's co-founders announced a donation of 10 million shares of Class A common stock, valued at approximately 400 million yuan, to establish the "Health Home Guardian Fund" for employees and industry service providers, benefiting around 500,000 individuals [1][2]. Group 1: Donation Details - The donation is part of Beike and Lianjia's 25th anniversary celebrations, marking the second donation within a year, totaling 840 million yuan [1]. - The project is set to launch within the year, with the funds aimed at providing health security for employees and service providers [4]. Group 2: Fund Structure - The "Health Home Guardian Fund" consists of three sub-projects: - "Life Emergency Fund" provides a one-time payment of 20,000 yuan for confirmed critical illnesses, with funds accessible within two working days [2][5]. - "Home Warmth Assistance Fund" offers a one-time payment of 100,000 yuan for those who lose their ability to work or meet specific criteria [2][5]. - "Child Education Fund" provides additional one-time educational funding ranging from 20,000 to 100,000 yuan based on the child's schooling stage for beneficiaries of the "Home Warmth Assistance Fund" [2][5]. Group 3: Beneficiary Scope - The initiative will cover over 500,000 individuals, including employees of Beike and Lianjia with over six months of service, as well as platform service providers such as brand owners, store owners, agents, and maintenance staff [2][7].

Core Viewpoint - The company is establishing the "Health Home Guardian Fund" with a donation of 10 million shares of Class A common stock, valued at approximately 400 million yuan, to provide financial security for around 500,000 employees and industry service providers as it approaches its 25th anniversary [1] Group 1: Donation Details - The donation is part of a larger commitment, with the founders having donated a total of 84 million yuan in the past year, including a previous donation of 9 million shares [1] - The "Health Home Guardian Fund" will be launched within the year and aims to enhance the financial security of employees and service providers [1] Group 2: Fund Components - The fund consists of three sub-projects: - "Life Emergency Fund" provides 20,000 yuan within two working days upon diagnosis of a critical illness, differing from traditional insurance reimbursement models [2] - "Home Warmth Assistance Fund" offers a one-time payment of 100,000 yuan to employees or service providers who lose their ability to work [2] - "Child Education Fund" provides one-time educational funding ranging from 20,000 to 100,000 yuan based on the child's schooling stage [2] Group 3: Beneficiary Scope - The fund will benefit over 500,000 individuals, including employees of the company and service providers who have been with the platform for over six months [2] - The coverage extends to various roles within the company, including brand owners, store owners, agents, and service personnel [2] Group 4: Historical Context - The company previously launched the "Green Plan" in 2008 to support service providers and their families with disease-related financial assistance, having disbursed over 755 million yuan to more than 54,000 individuals by the end of 2025 [4] - The "Green Plan" has provided significant support, including a record 1.29 million yuan to a Beijing agent for their daughter's education [4]