Group 1 - The core viewpoint emphasizes the importance of quality improvement in urban development to stabilize the market and build confidence through good housing and pricing strategies [3][7]. - The report highlights the successful entry of state-owned enterprises in Quzhou, indicating a significant turnaround in business operations [3][7]. - The annual representative work focuses on innovative strategies while maintaining core values, suggesting a balance between tradition and innovation in the industry [3]. Group 2 - The report is part of a broader research framework aimed at understanding urban development and its implications for investment opportunities [6][7]. - The insights are derived from a detailed analysis of the urban work conference, which outlines the potential for asset updates and acquisitions in the sector [7].

证券研究报告：房地产|行业周报 发布时间：2025-07-21 行业投资评级 强于大市|维持 | 行业基本情况 | | --- | | 收盘点位 | | 2080.0 | | --- | --- | --- | | 52 | 周最高 | 2656.47 | | 52 | 周最低 | 1627.84 | 行业相对指数表现 -10% -4% 2% 8% 14% 20% 26% 32% 38% 44% 50% 2024-07 2024-10 2024-12 2025-02 2025-05 2025-07 房地产 沪深300 资料来源：聚源，中邮证券研究所 研究所 分析师:高丁卉 SAC 登记编号:S1340524080001 Email:gaodinghui@cnpsec.com 目前房地产行业仍处于总量过剩与结构性短缺的状态，根据国家 统计局数据，25 年 1-6 月全国商品房销售面积同比下降 3.5%，销售 额下降 5.5%，6 月单月销售面积同比降幅扩大至 5.5%，销售额降幅达 10.8%，主因高基数及需求疲软。但开竣工降幅收窄，反映"保交楼" 推进及核心城市土拍回暖，去年主力在售的及今年预计入市的第四代 ...