Policy Direction - The long-term policy anchor of "housing is for living, not for speculation" stabilizes the market, ensuring housing returns to its residential essence and mitigating excessive financialization and speculation [2][3] - In the next five years, both central and local governments will implement diversified regulations on land supply, financial credit, and taxation to promote a more rational real estate market [2][3] Market Supply and Demand - The real estate market's supply-demand relationship will undergo significant changes influenced by demographic, economic, and social factors [4][5] - On the demand side, an aging population will increase the demand for senior housing, while younger generations will focus on personalized and high-quality housing, with smart and eco-friendly homes becoming popular [4][5] - On the supply side, land supply regulation will lead to more reasonable housing supply, prompting developers to adjust strategies to meet market demand, particularly in high-quality housing [4][5] Technology Application - The application of emerging technologies will enhance operational efficiency and service quality in the real estate industry [6][7] - Big data analysis will help better understand market demands and customer preferences, providing a basis for corporate decision-making [6][7] Regional Differentiation - There are significant differences in the real estate market across different regions, with first-tier and some second-tier cities having mature markets and strict policies, while third and fourth-tier cities have substantial potential but face challenges like population outflow [9] - Future development in third and fourth-tier cities may focus on unique characteristics, such as tourism and industrial real estate, supported by policy [9] Transformation Direction and Key Features - The real estate industry is expected to transition towards a stable, healthy, and diversified direction over the next five years [11] - Key features include normalized policy regulation, optimized supply-demand structure, widespread technology application, and ongoing regional differentiation [11] - Real estate companies should align with policy directions, monitor market demand changes, enhance technological innovation, and develop strategies based on regional characteristics [11]

证券代码：002285 证券简称：世联行 益后的净利润三者孰低为负值，且扣除后的营业收入低于 3 亿元；或者追溯重述后 最近一个会计年度期末净资产为负值。（五）中国证监会行政处罚决定书表明公司已 披露的最近一个会计年度财务报告存在虚假记载、误导性陈述或者重大遗漏，导致 该年度相关财务指标实际已触及本款第一项、第二项情形。（六）本所认定的其他情 形。关于公司 2025 年的经营状况可持续关注公司后续披露的定期报告。公司始终以 稳健经营为基础，努力提升内在价值和可持续发展能力，积极发展公司主营业务， 公司在做好基本面的同时，及时准确传递公司信息，加强与投资者的交流，增进资 本市场对公司价值的认同。 深圳世联行集团股份有限公司 投资者关系活动记录表 编号：2025-023 | | □特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活动 | □媒体采访 √业绩说明会 | | 类别 | □新闻发布会 □路演活动 | | | □现场参观 | | | □其他（请文字说明其他活动内容） | | 参与单位名称及 | 线上参与公司 2024 年度业绩说明会的投资者 | | 人员姓名 | | | 时间 | ...