贝壳-W(02423)发布公告，于2025年11月28日斥资299.64万美元回购52万股。 ...

格隆汇12月1日丨贝壳-W(02423.HK)发布公告，2025年11月28日耗资300万美元回购52万股。 ...

表格類別： 股票 狀態： 新提交 公司名稱： 貝殼控股有限公司 呈交日期： 2025年12月1日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 不同投票權架構公司普通股 | 股份類別 | A | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 02423 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有已發 行股份（不包括庫存股 份）數目百分比 (註3) | | 庫存股份數目 | 每股發行/ ...

Core Viewpoint - The launch of the fund custody service by Beike's "Beike" brand marks a significant milestone in the home decoration industry, aiming to enhance consumer protection and establish a new standard for safety in home renovation services [1][2]. Group 1: Fund Custody Service Overview - The fund custody service is designed to address two major pain points in the home decoration industry: loss of consumer control after payment and the risk of fund misappropriation [2]. - The service operates on a mechanism of "node acceptance, mutual confirmation, and bank disbursement," ensuring that renovation funds are deposited into a dedicated bank account and released only upon completion of agreed milestones [1][2]. - As of October 2025, the fund custody service has been launched in 43 cities, serving over 25,000 families, with a user adoption rate exceeding 92% and a completion release rate of 97% within seven days [2]. Group 2: Industry Impact and Expert Opinions - The fund custody service is seen as a proactive upgrade in service quality, contributing to the establishment of a trustworthy transaction mechanism in the home decoration industry and enhancing consumer rights protection [2]. - Experts emphasize the importance of collaborative efforts among various stakeholders to create a fair, transparent, and safe consumer environment in the home decoration sector [2].

Core Viewpoint - The "Housing Fund Direct Rent Payment" model launched by Beike Shengxin Rent in certain cities has achieved significant results, particularly in Jinan, where it addresses the housing needs of the youth population [1] Group 1: Service Implementation - In November 2023, Beike Huiju Jinan Station, in collaboration with the Jinan Housing Provident Fund Center, became the first in the country to introduce the "Housing Fund Direct Rent Payment" service [1] - The cumulative amount of rent paid directly through the housing fund has exceeded 11 million yuan, benefiting nearly 2,000 tenants and reducing deposits by 4 million yuan [1] Group 2: User Experience - The "Housing Fund Direct Rent Payment" is a core benefit of Beike Shengxin's rental offerings, allowing eligible tenants with a qualifying Alipay Sesame Credit score to enjoy "zero deposit monthly payment" convenience, significantly alleviating financial pressure [1] - Previously, tenants had to pay rent upfront and then withdraw from their housing fund, which was cumbersome and financially burdensome. Now, eligible users can complete the authorization application online through the Beike platform, with the system automatically transferring rent monthly after approval from the housing fund center [1] Group 3: Company Vision - Beike Huiju Jinan Station's General Manager, Li Yantao, stated that the company is actively responding to Jinan's initiative to build a youth-friendly city, aiming to lower the rental threshold for new citizens and young people through innovative payment methods associated with "Shengxin Rent" [1]

Core Viewpoint - Vanke has completely sold its shares in Beike, ending an 8-year capital cooperation, driven by liquidity pressures and a need to address debt maturity issues [1][4]. Group 1: Background of Cooperation - Vanke's investment in Beike began in 2017, when it invested 3 billion yuan for approximately 7.2% equity in the company, then known as Lianjia [2]. - The partnership was seen as a strong collaboration between offline channels and developers, especially as Beike transitioned to a new business model during its rapid expansion [3]. Group 2: Financial Pressures and Strategic Shift - Vanke faced significant financial challenges in 2024, reporting a net loss of 49.48 billion yuan and a 26.6% decline in contracted sales area, leading to a critical cash flow situation [4]. - The decision to sell Beike shares was influenced by the need to alleviate debt pressure, as Vanke's debt was maturing and financing channels were restricted [4][9]. - Despite a decline in Beike's stock price, Vanke's initial investment has yielded a favorable return based on current valuations [4]. Group 3: Changes in Business Focus - Beike's revenue structure has shifted, with new home business revenue decreasing and non-real estate transaction business growing to 45% of total revenue, reducing strategic alignment with Vanke [5]. - Vanke's holding in Beike transitioned from a strategic investment to a financial one, diminishing its rationale for retaining the shares [5]. Group 4: Industry Trends and Responses - The broader real estate industry is witnessing a trend of companies divesting non-core assets to improve cash flow and reduce financial burdens, as exemplified by Vanke's "slimming down" strategy [6][8]. - Other companies, like Sunac China, have also liquidated their Beike shares to support debt restructuring efforts [6]. Group 5: Future Outlook - Vanke's debt crisis remains severe, with estimated domestic bond repayments of approximately 15.546 billion yuan and USD bond interest of about 30 million [9]. - The company's ability to resolve its debt issues will depend on policy support, market recovery, and its own financial recovery capabilities [9].

智通财经APP讯，贝壳-W(02423)发布公告，于2025年11月26日该公司斥资300万美元回购52.07万股，回 购价格为每股5.71-5.84美元。 ...

贝壳-W(02423)发布公告，于2025年11月26日该公司斥资300万美元回购52.07万股，回购价格为每股 5.71-5.84美元。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 第 2 頁 共 8 頁 v 1.3.0 表格類別： 股票 狀態： 新提交 公司名稱： 貝殼控股有限公司 呈交日期： 2025年11月27日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 不同投票權架構公司普通股 | 股份類別 A | | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 02423 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | | 事件 | ...

贝壳-W(02423)发布公告，于2025年11月25日该公司斥资约300万美元回购51.55万股，回购价格为每股 5.75-5.85美元。 ...