Core Viewpoint - The announcement details the special audit report on non-operating fund occupation and other related fund transactions for Guanghui Logistics Co., Ltd. for the year 2024, highlighting the financial interactions with related parties and the amounts involved [1]. Summary by Sections Non-Operating Fund Occupation - The report includes a summary table of non-operating fund occupation by related parties, detailing the cumulative amounts and the nature of these transactions [1]. - The total amount of non-operating fund occupation by major shareholders and their subsidiaries is specified, indicating significant financial ties [2]. Related Party Transactions - The report outlines various related party transactions, including prepayments and other receivables, with specific amounts listed for each related entity [3][4]. - For instance, Xinjiang Guanghui Real Estate Development Co., Ltd. has a prepayment amount of 5.09 million RMB for leasing fees, indicating ongoing operational relationships [2][3]. Financial Figures - The report provides detailed financial figures, such as the total amount of receivables from related parties, which includes significant sums like 56,084.9 million RMB for performance compensation from Guanghui Energy Co., Ltd. [4][5]. - Other notable amounts include 1,900.87 million RMB for guarantee fees and various other receivables across different subsidiaries, reflecting the interconnected financial structure of the company [6][7]. Audit Assurance - The board of directors assures that the announcement contains no false records or misleading statements, emphasizing the commitment to transparency and accuracy in financial reporting [1].

在4月29日观点指数研究院发布的《运营承压与融资纾困 | 2025一季度不动产资本金融报告》中，我们 发现，一季度中概股、港股、A股不动产行业IPO募资数量和规模占比没有太大变化。联掌门户、三易 科技等案例，印证社区流量价值与物业管理数字化已经成为资本新焦点，智能立体车库等细分赛道依托 政策红利快速崛起。 观点指数 2025年一季度，中国不动产资本市场在政策调整、融资约束与行业出清的多重压力下，呈现 出深度分化与结构性变革的特征。资本市场端，IPO市场呈现"小额高频"趋势，中概股募资规模缩水但 估值逻辑转向场景流量与技术驱动，港股打破传统淡季规律实现量价齐升，A股融资规模则延续收缩， 但行业分布向高附加值领域集中。联掌门户、三易科技等案例，印证社区流量价值与物业管理数字化已 经成为资本新焦点，智能立体车库等细分赛道依托政策红利快速崛起。 一季度IPO整体变化趋势 中概股"小额高频"发行模式：中概股IPO数量从13家增长到22家，募资总额从16.78亿美元下降到2.84亿 美元。去除极端数据后的均值可以更准确地反映大部分IPO的平均情况，2024年一季度亚玛芬体育募资 15.71亿美元，扣除亚玛芬体育后2024 ...

事关城市更新，中办、国办重磅发文。 5月15日，据新华社消息，中办、国办印发《关于持续推进城市更新行动的意见》（以下简称《意见》），其 中提出八项主要任务，包括：加强既有建筑改造利用，推进城镇老旧小区整治改造，开展完整社区建设，推进 老旧街区、老旧厂区、城中村等更新改造，完善城市功能，加强城市基础设施建设改造，修复城市生态系统， 保护传承城市历史文化。 券商中国记者梳理了《意见》的十大要点： 1、推进城镇老旧小区整治改造。更新改造小区燃气等老化管线管道，整治楼栋内人行走道、排风烟道、通 风井道等，全力消除安全隐患，支持有条件的楼栋加装电梯。 2、整治小区及周边环境，完善小区停车、充电、消防、通信等配套基础设施，增设助餐、家政等公共服务 设施。加强老旧小区改造质量安全监管，压实各参建单位责任。结合改造同步完善小区长效管理机制，注 重引导居民参与和监督，共同维护改造成果。 3、加强既有建筑改造利用。稳妥推进危险住房改造，加快拆除改造D级危险住房，通过加固、改建、重建 等多种方式，积极稳妥实施国有土地上C级危险住房和国有企事业单位非成套住房改造。分类分批对存在抗 震安全隐患且具备加固价值的城镇房屋进行抗震加固。持续 ...

中国发展网讯2025年4月公布的合肥经开区2025年第一季度物业服务质量排名中，位于莲花中心朝霞社 区的应流花园小区连续第三次斩获榜首殊荣。近年来，应流花园小区先后荣膺合肥市生活垃圾分类精准 投放"示范小区"、安徽省"皖美红色物业"示范小区、合肥市"和美小区"等多项称号，为基层治理与物业 服务深度融合提供标杆样本。 激活服务"红引擎" 物业服务既关乎居民的日常生活品质，又影响着基层治理的成效。2023年4月，久全物业党支部正式成 立，"红色物业"模式在应流花园小区落地开花，通过构建"社区党委-小区党支部-业委会-物业"四方联动 机制，将党的组织优势转化为治理效能，以党建温度提升群众满意度，搭建起为民服务的"连心桥"。 物业服务不是"独角戏"。四方联动机制建立了"红色议事厅"协商平台，形成"收集民意-分类研判-协同处 置-反馈评价"的闭环工作流程。针对小区环境整治、设施改造等民生事项，通过入户走访、业主座谈等 渠道广泛征集居民诉求，确保重大决策"居民议、居民定、居民督"。这种"有事好商量，众人事情众人 办"的模式，不仅激活了居民参与社区治理的"主人翁"意识，更让基层党组织成为凝聚民心的"强磁 场"。 织密民生" ...

Core Insights - The real estate development sector is experiencing a performance bottoming phase in 2024 due to declining gross margins and increased impairment losses, with no significant improvement observed in Q1 of this year [1] - Companies focusing on core cities and property leasing have shown performance growth despite the overall sector challenges [1] Group 1: Financial Performance - Sample real estate companies are projected to achieve revenues of 4.03 trillion yuan in 2024, a year-on-year decline of 19%, with a net loss of 371.9 billion yuan, an increase in losses by 281.1 billion yuan compared to 2023 [1] - The gross margin for sample companies is expected to decrease by 2.2 percentage points in 2024, with A-share companies recording an additional impairment of 63.5 billion yuan compared to the previous year [1] Group 2: Leverage and Debt Structure - The overall asset-liability ratio for sample companies is expected to be 71.6% by the end of 2024, a decrease of 0.3 percentage points from the previous year, with state-owned enterprises showing a more significant reduction [2] - A-share development companies saw a 0.9 percentage point decrease in interest-bearing debt ratio in Q1 2025 compared to the end of the previous year, indicating a marginal improvement in debt structure [2] Group 3: Market Dynamics and Investment Confidence - The sales concentration of the top 100 real estate companies is declining, with total sales expected to be 3.08 trillion yuan in 2024, a year-on-year decrease of 27.4%, while the market share is projected to drop by 4.9 percentage points to 36.3% [3] - Despite a 31% year-on-year decline in land acquisition amounts for the top 100 companies, there was a 42% increase in land acquisition amounts in the first four months of this year, indicating improved investment confidence [3] Group 4: Strategic Recommendations - Companies with a focus on core city development, property management, and related sectors are recommended, including A-share companies such as Binjiang Group and China Merchants Shekou, as well as Hong Kong-listed companies like Beike and Yuexiu Property [4]

各位早上好今天是5月14号星期三欢迎来到又一期的摩根士丹利周期论鉴我是中国基础材料行业的分析师David徐卓凡那么在开始之前我要例行先读一个disclaimer请注意本会议仅面向摩根士丹利的机构客户以及财务顾问本会议不对媒体开放如果您来自媒体尽请推出本次会议随后与我们联系了解进一步详情 请注意本次会议的内容和您的问题可能会被录音那在今天的webcast呢我们首先由交易行业的首席骞雷和大家分享一下上周非常火爆的ChinaFest会议的小节包括这个春秋顺丰和G2等公司 接下来我们由地产行业的首席Stefan和我们聊一下房地产取消预售制度可能对地产开发商以及物管的前瞻风险最后保险业的分析师Rick会做一些近况的更新以及对二季度保险的一个展望那么在会议过程中您可以随时在屏幕左方的提问消息框里向我们发送您的问题 不多做赘述现在我们把时间先交给倩蕾谢谢大家好我是倩蕾那我就给大家讲一下就是我们上周开China VICE会议包括之前也是一级报其实是在4月底集中的这个出完了给大家讲一下就是我们从这个 易记报和ChinaBank会议之后所了解到的一些行业的新的变化吧我觉得比较着重可以提醒大家的是航空因为我们觉得航空跟市场聊下来还 ...

Core Insights - Vanke Property is leading the transformation of property services from traditional models to "transparency, precision, and personalization" through technology and innovation [1] Group 1: Digital Service Report - The "Digital Service Report" is an industry-first initiative that visualizes 18 core service data points, including public revenue flow and complaint handling, allowing homeowners to access this information via the "Live Here" app [2] - The introduction of the Digital Service Report has improved transparency in public revenue usage and increased response efficiency for complaints, establishing a trust bridge between property management and homeowners [2] Group 2: Smart Selection Service and Balance Platform - The "Smart Selection Service" model allows homeowners to customize services from 12 modular options, breaking away from traditional package services and ensuring that service offerings meet actual community needs [3] - The "Balance Platform" system enhances community governance by providing transparency, ease of participation, and intelligent decision-making, significantly improving the efficiency of managing public affairs [3] Group 3: Industry Outlook - The essence of smart services is to empower human needs through technology, with Vanke Property creating a governance system that combines digital tools, innovative customization, and transparent collaboration [4] - Vanke Property aims to expand the coverage of the Digital Service Report and Smart Selection Service in Nanjing, continuously optimizing the Balance Platform to facilitate efficient collaboration among property management, homeowners, and homeowners' committees [4]

Group 1 - The report by the China Index Academy indicates that the average total assets of real estate listed companies in 2024 will be 148.92 billion yuan, with an average net asset of 32.86 billion yuan and average operating income of 29.74 billion yuan, suggesting a slow recovery in the new housing market focusing on core cities [1] - The report emphasizes that with the implementation of policies on both supply and demand sides in the real estate sector, along with an increase in the supply of "good housing" projects, the core city market is expected to continue its recovery [1] - Investors are likely to pay more attention to companies' sustainable operational capabilities, favoring those that maintain stable operations, demonstrate land acquisition abilities, and possess strong operational businesses [1] Group 2 - The report highlights that in 2024, despite being in a deep adjustment cycle, the top 10 companies in terms of comprehensive strength will adapt to market changes, grasp market demand rhythms, and leverage their advantages in market layout, land and capital resources, and management models to maintain stable performance [1] - The real estate sector is projected to experience a decline followed by a slight recovery, with the overall market capitalization of real estate listed companies showing a downward trend, although the decline is expected to narrow compared to the previous year [1] - The property management industry is undergoing a deep transformation, with accelerated market competition leading to a reshaping of the industry landscape, where leading companies are expected to dominate due to their scale advantages, brand effects, and diversified service capabilities [2]

资金往来未经董事会批准，核数师已要求公司进一步解释进行资金往来的理据。因此，董事会已启动对 资金往来展开调查程序，就公司所知及根据公司的初步内部审阅，发现公司曾进行若干属于向关联人士 提供财务资助性质的资金往来，录得最高未偿还余额为8亿元。 截至去年12月31日，上述财务资助已全数偿还，目前无未偿还余额。 已延迟一个多月披露年报，新城悦服务(HK01755，股价2.8港元，市值24.4亿港元)传来新动态。 5月13日晚间，新城悦服务发布公告表示，公司宣布延迟刊发2024年全年业绩和2024年年报之后，在审 核2024年全年业绩之过程中，核数师发现与关联人士之间的若干资金往来并无记入公司编制的记账记录 及财务报表，同时，发现公司提供的银行对账单存在若干不一致之处。 成立独立调查委员会及委任独立调查律师鉴于上文所述，独立调查委员会成立并由公司三位独立非执行 董事组成，即张燕、朱伟及姜旭之，就资金往来进行调查。同时，公司委任独立调查顾问进行调查及就 相关事宜向独立调查委员会提供意见。调查将动用一切合理所需之取证手段及IT工具，以查明所有未披 露的关联方资金往来及其发生的根本原因，识别导致银行对账单不一致的情况，确认 ...

"这里工作既有稳定收入，又能兼顾家庭，而且公司还为我们购买了意外险，让我倍感安心。"南通春雨 物业管理有限公司58岁的保洁员曹永美说。从5月起，在春雨公司工作的保安、保洁等灵活就业人员均 有了劳动权益保障。此前通过集体协商，春雨公司签订了南通市首份针对保安、保洁等灵活就业人员的 专项集体合同，在最低工资标准、保险保障、职业培训等方面达成多项保障条款，诠释了"零工不零 保"的用工理念。这是海安经济技术开发区探索灵活就业人员权益保障实践的生动缩影。 □ 本报记者丁亚鹏通讯员邰生华冯婧 海安开发区辖区企业密集、用工需求大，灵活就业群体规模可观，仅纳入海安市物业协会管理的企业就 有22家，从事保洁的大多是五六十岁的人员。春雨物业是辖区内一家物业服务企业，90%以上员工从事 保安和保洁工作。他们当中有的需要照顾家庭，有的超过退休年龄，灵活就业成为他们的最优选择。 为保障灵活就业人员切身利益，春雨物业公司探索出一个精准对接不同群体保障需求的方案：对已参加 城乡居民基本养老保险(农保/居保)的从业人员，按月发放养老保险专项补贴；对已享受养老保险待遇的 超龄从业人员，统一投保意外伤害险和雇主责任险等商业保险；对符合条件且有意 ...