Core Viewpoint - Yuexiu Services (06626) anticipates a significant decline in profit for the fiscal year ending December 31, 2025, with a projected drop of approximately 20% to 25% in profit attributable to equity holders compared to the fiscal year ending December 31, 2024, and a core net profit decline of about 45% to 50% [1] Financial Performance - The expected decline in profit and core net profit is primarily attributed to a decrease in gross margin due to several factors [1] - The real estate industry's deep adjustment has led to a reduction in high-margin value-added services, such as brokerage services [1] - The phase-out of revenue from home decoration services, which are nearing completion, has resulted in decreased income and gross profit from this segment [1] - Increased operational expenses due to ongoing investments aimed at enhancing service quality and stabilizing commercial project occupancy rates [1] - Rising labor costs driven by policy adjustments [1] Future Outlook - For 2026, the company aims to pursue high-quality long-term growth and actively respond to industry adjustments [1] - The focus will be on scaling non-residential business and accelerating the adjustment of value-added services to cultivate profit growth points [1] - The company is committed to optimizing its structure and improving efficiency, moving towards its vision of becoming a "trusted smart city service provider" [1]

智通财经APP讯，越秀服务(06626)发布公告，根据本集团截至2025年12月31日止年度(2025财年)的未经 审核综合管理层账目的初步评估及董事会目前可获得的资料，预期2025财年的权益持有人应占盈利较截 至2024年12月31日止年度(2024财年)同比下降约20%至25%，而核心净利润预期较2024财年下降约45% 至50%。核心净利润指剔除商誉减值影响的权益持有人应占盈利。 展望2026年，本集团将继续追求高质量长期增长，积极应对行业调整，实现非住业务高质拓规模，加快 调整增值业务，培育利润增长点，实现结构优化与效益提升，向"客户信赖的智慧城市服务商"的愿景迈 出坚实一步。 权益持有人应占盈利和核心净利润的预期下降主要受毛利率下降影响，原因如下：(1)受房地产行业深 度调整影响，高毛利的增值业务缩减(如经纪业务);(2)阶段性房屋硬装业务陆续结算完毕，来自该业务 的收入及毛利润减少;(3)持续投入成本以提升服务品质、稳定商业项目出租率，整体运营支出有所上升; (4)因政策调整导致人工成本增长。 ...

Group 1 - The company expects a negative net profit for the fiscal year 2025, primarily due to market environment changes and intensified industry competition, leading to a decline in data center rental prices and underperformance in sales from key data centers [2][4] - The company plans to recognize asset impairment for three data centers based on the principle of prudence, with the final impairment amount to be determined by an evaluation report and audit data [2] - Revenue from traditional cable television and broadband services has decreased due to changes in consumer habits and market conditions, alongside a reduction in government subsidies compared to the previous year [2] Group 2 - The company signed a strategic cooperation framework agreement with Shenzhen Happiness Health Industry Group, aiming to leverage each other's strengths in the health and elderly care sectors [8][10] - The cooperation will focus on providing customized full-scenario smart network integration solutions for elderly care institutions and community points, enhancing service capabilities and customer experience [10][11] - The agreement is valid for three years and will automatically renew, allowing both parties to explore further business collaborations based on the framework [13][14]

Core Viewpoint - Shenzhen Holdings (00604) reported a significant decline in contract sales for Q4 2025, with a focus on adjusting marketing strategies to enhance sales amid market fluctuations [1] Real Estate Development - The company achieved an unaudited contract sales amount of approximately RMB 3.473 billion in Q4 2025, a year-on-year decrease of 61.56%, with a contract sales area of about 189,700 square meters [1] - For the entire year of 2025, the total unaudited contract sales amounted to approximately RMB 13.311 billion, down 21.55% year-on-year, with a total contract sales area of about 617,900 square meters [1] - The company ensured quality project delivery, completing 16 phased projects in 2025 with a total construction area of approximately 1.545 million square meters [1] - Several projects received industry accolades, including awards for design excellence [1] Urban Comprehensive Operation - The company’s operational capabilities were recognized, with its subsidiary, Deep Industry Operations, being awarded "2025 Leading Brand in Property Service Quality" and ranking 15th in the "Top 100 Property Service Companies in the Guangdong-Hong Kong-Macao Greater Bay Area" [2] - Deep Industry Commercial Management received multiple honors, including "Top 5 in Commercial Property Service Capability" [2] - The company is expanding its operational projects, including the successful bid for the Huafu Village project, marking the first project under its community commercial product line [2] Service Quality Improvement - Deep Industry Commercial Management introduced high-end retail brands and technology-driven stores, enhancing the commercial experience [3] - The company is exploring smart city service scenarios, winning an award for innovative applications in urban sanitation [3] - The Deep Industry Investment Plaza achieved full occupancy within seven months, demonstrating effective management in a competitive market [3] Market Expansion - The company accelerated its light asset output and diversified its business operations, successfully securing commercial projects for major banks and service agreements for serviced apartments [4] - Significant progress was made in the mid-to-high-end segment of the property sector, with successful bids for various projects, enhancing the company's national presence [4]

Core Insights - Shenzhen Holdings (00604.HK) announced significant business progress for Q4 2025, highlighting achievements in both urban comprehensive operations and real estate development. Urban Comprehensive Operations - The company has received recognition for its operational capabilities, with its subsidiary, Deep Industry Operations, being awarded "2025 Leading Brand in Property Service Quality" and ranking 15th in the "2025 Guangdong-Hong Kong-Macao Greater Bay Area Property Service Power Top 100" list, the highest among state-owned enterprises in Shenzhen [2] - Deep Industry Operations has successfully introduced high-end retail brands and innovative concepts, such as the first "Shanghai Tang" in South China and a flagship store featuring humanoid robots, showcasing a dual breakthrough in luxury and technology [3] - The company has accelerated its asset-light expansion strategy, successfully securing commercial projects like the China Merchants Bank Global Headquarters and signing technical service agreements for serviced apartments, enhancing its project reserve and market recognition [4] Real Estate Development - The company has actively adjusted its marketing strategies to promote sales amid market fluctuations, achieving an unaudited contract sales amount of approximately 3.473 billion RMB and a sales area of about 189,663 square meters in Q4 2025 [5] - The company has maintained strict control over project timelines to ensure high-quality delivery, with several projects, including Shanghai Shen'an Shangju and Shenzhen Shenye Yinying Tower, successfully completed and delivered on schedule [5] - In 2025, the company completed 16 phased projects with a total construction area of approximately 1.545 million square meters, continuing to provide high-quality products to the market [5]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （於香港註冊成立之有限公司） （股份代號：00604） 二零二五年第四季度主要業務進展 深圳控股有限公司（「本公司」，連同其附屬公司統稱為「本集團」）向本公司 股東提供隨附二零二五年第四季度主要業務進展的新聞稿（「新聞稿」）。 新聞稿所載列的資料是根據本集團內部資料匯總編制而成，該等資料尚未經核數 師審核或審閱，因此僅供投資者參考。 本公司股東及潛在投資者於買賣本公司股份時務請審慎行事。 承董事會命 深圳控股有限公司 主席 王昱文 香港，二零二六年一月十九日 於本公告日期，董事會由七位董事組成，其中王昱文先生、蔡潯女士、嚴中宇先生及史 曉梅女士為本公司執行董事，而李偉強先生、黃友嘉博士及宮鵬教授為本公司獨立非執 行董事。 [請即時發放] (2026 年 1 月 19 日- 香港) 深圳控股有限公司(「深圳控股」或「集團」；香港聯 交所上市編號：604.HK) 宣佈 2025 年第四季度主要業務進展。 城 ...

Core Viewpoint - The 15th National Games will be held in Guangdong, Hong Kong, and Macau in November 2025, marking a significant milestone in China's sports development. Yuexiu Services, as a state-owned enterprise in Guangzhou, plays a crucial role in the event by providing professional services and operational support, particularly for the cross-border cycling event at the Hong Kong-Zhuhai-Macao Bridge and the operational guarantee at Guangzhou Baiyun Station [1][5][15]. Group 1: Event Participation and Logistics - The cycling event on November 8 marked the first cross-border competition in the history of the National Games, with 104 participants completing a 231.8 km course across the Hong Kong-Zhuhai-Macao Bridge [2][5]. - Yuexiu Services implemented a high-level response mechanism to ensure logistical support for the event, focusing on meticulous preparation and detail-oriented management [3][5]. Group 2: Operational Support at Hong Kong-Zhuhai-Macao Bridge - During the preparation phase, Yuexiu Services conducted safety inspections, calibrated guiding signs, and performed comprehensive equipment checks to ensure no detail was overlooked [3][5]. - On the event day, the team was on-site early to provide guidance and support, ensuring a clean, safe, and orderly environment around the event [3][5]. Group 3: Operational Support at Guangzhou Baiyun Station - Guangzhou Baiyun Station served as a key reception hub during the National Games, with Yuexiu Services ensuring a smooth travel experience for visitors through professional service and operational support [8][9]. - The team developed a comprehensive support plan, conducted staff training, and provided various services, including emergency assistance and lost item recovery, showcasing their commitment to customer care [9][13]. Group 4: Professional Capabilities and Service Expansion - Yuexiu Services has demonstrated its long-term commitment to enhancing service capabilities in non-residential sectors, launching the IFM comprehensive logistics service solution to meet diverse project needs [14][15]. - The company manages over 72.31 million square meters of property, with 62% located in the Guangdong-Hong Kong-Macao Greater Bay Area, indicating its significant presence in the region [14][15].