格隆汇8月8日丨华润万象生活(01209.HK)宣布，公司将于2025年8月26日举行董事会会议，藉以（其中 包括）批准公司及其附属公司截至2025年6月30日止六个月的中期业绩和有关公告，以及考虑派发中期 股息（如有）。 ...

Core Viewpoint - The Shandong Province's Shanghe County Housing and Urban-Rural Development Bureau is actively implementing measures to ensure safety and productivity in the construction and urban management sectors in response to ongoing high-temperature weather conditions [1][2][3] Group 1: Construction Sector Response - The bureau has enforced staggered work hours to avoid peak heat times, ensuring that outdoor construction activities are scheduled during cooler periods [1] - A "cooling off" initiative has been launched, providing frontline workers with heat-relief supplies such as herbal medicine, cooling oil, and fruit [1] - Over 160 personnel have been deployed for inspections across more than 90 projects, identifying and rectifying over 190 safety hazards related to scaffolding, temporary electricity, and fire safety [1] Group 2: Landscaping and Property Management - Landscaping efforts are adjusted to avoid midday heat, with 200 towels, 20 kilograms of green tea, and 300 bottles of herbal medicine distributed to workers [2] - Irrigation practices have been optimized using early morning and evening watering schedules, along with the installation of shade nets for heat-sensitive plants [2] - Property management has been instructed to enhance facility inspections, addressing 32 safety issues to ensure operational integrity during high temperatures [2] Group 3: Gas Safety Measures - The bureau has convened meetings to reinforce safety protocols in the gas sector, emphasizing labor protection and equipment safety [2] - A total of 25 safety awareness campaigns have been conducted, distributing over 2,310 informational pamphlets to educate the public on safe gas usage [2] Group 4: Future Actions - The bureau plans to continue monitoring safety measures and weather alerts, ensuring compliance with summer heat work regulations [3] - Ongoing safety inspections will focus on construction, property management, and landscaping, with a dynamic management system for tracking identified hazards [3] - Companies are required to enhance emergency preparedness and conduct drills to improve response capabilities [3]

Financial Data and Key Metrics Changes - Total revenues from continuing operations for the second quarter were $23.5 million, down 8.6% from the prior year, but up 12.6% sequentially from the first quarter [11][16] - Gross profit margins for the second quarter were $8.4 million, or 35.8%, compared to $9.6 million and 37.3% in the year-ago period [16] - Adjusted EBITDA for the second quarter was $1.1 million, or 4.9% of revenue, compared to $300,000, or 1%, in the year-ago quarter [19] Business Line Data and Key Metrics Changes - The property management group's contribution to overhead for 2025 is estimated to be in the range of $11 million to $12 million, down from over $20 million in 2022 and 2023 [7][8] - SG&A expenses for the second quarter were $12.6 million, including a $980,000 reserve for accounts receivable, compared to $10.7 million in the prior year's quarter [19] Market Data and Key Metrics Changes - The property management industry is experiencing pressure from higher interest rates and insurance premiums, leading to a cautious spending attitude among customers [12][28] - There is a noted seasonal lift in revenues due to higher apartment turnovers, which is expected to continue into the third quarter [11][16] Company Strategy and Development Direction - The company is focusing on strategic initiatives to improve top-line growth, including the implementation of AI-powered platforms for sales and recruiting [13][14] - The company plans to reduce head office G&A expenses to around $10 million annually post-sale of the professional division [7][19] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding revenue growth, noting that while there may be some pent-up demand, operators are primarily managing existing resources [28][46] - The company anticipates a gradual recovery in spending as economic conditions stabilize, particularly if interest rates decrease [30][62] Other Important Information - The company expects to have approximately $45 million in cash on hand post-transaction, which translates to about $4.4 per share [59][60] - The company is actively pursuing cost reductions, particularly in software expenses, to improve profitability [35] Q&A Session Summary Question: What is the target for adjusted EBITDA as a percentage of sales? - Management indicated that with a reduced overhead cost of $10 million, adjusted EBITDA could reach around 8% to 10% as top-line revenue increases [24] Question: Is there pent-up demand among current customers? - Management acknowledged some pent-up demand but emphasized that operators are primarily reallocating resources rather than increasing spending significantly [26][28] Question: What are the expectations for cash on hand post-transaction? - Management confirmed that approximately $45 million would be available post-transaction, allowing for strategic flexibility [59][60] Question: How is the company addressing G&A costs? - Management is reviewing software costs and other areas to identify further opportunities for cost reduction [35][86] Question: What is the expected revenue trend for the upcoming quarters? - Management noted a positive trend in revenue for June and anticipated a seasonal lift in Q3, although year-over-year comparisons may still show declines [62][66]

原本规划是小区停车场，结果却被一楼商家占用，堆放冰箱、废弃沙发等杂物……近日，记者来到东莞 南城宏明花园，这里是商住混合小区，在一层商铺的尽头，有居民投诉称，这里的停车位长期被商家占 用，成了自建仓库和废品收集地，业主强烈要求拆除。 针对业主的投诉，宏明花园的物业公司宏远物业回应称，关于垃圾泡沫的堆放， 物业已经选好了新的 垃圾场地，目前正筹建，建好以后会全部搬走。 8月1日，南城街道方面回应南都记者称，有关单位现场对物业项目负责人进行约谈，要求每日及时清运 垃圾，杜绝长期堆积。同时，对宏远物业发出了整改通知书和进行信用扣分。物业将在10 月1日前恢复 原规划停车位。 业主投诉 停车场被商铺杂物堆满 质疑存在火灾安全隐患 8月1日，南城街道回应南都记者称，近期，接宏明花园住户投诉称，宏明花园存在杂物堆放的情况。接 诉后，南城街道房管部门立即联合宏远社区到现场核查处置。经核查，宏明花园为商住混合小区，1-2 层为宏远电脑通讯城，集中经营二手厨具电器，杂物堆放区域原规划为停车场。 南城街道表示，有关单位现场对物业项目负责人进行约谈，要求每日及时清运垃圾，杜绝长期堆积。同 时，根据《东莞市住房和城乡建设局物业服务企 ...

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分內容而產生或因依賴該等內容而引致的任何損失 承擔任何責任。 （於百慕達註冊成立的有限公司） （股份代號：1168） 自願公告－ 延長委託貸款 延長委託貸款 茲提述(i)本公司日期為2022年10月20日的公告，內容有關（其中包括）向借貸人授出委託貸款 A 及其第一次延長事宜；(ii)本公司日期為2022年12月28日的公告，內容有關向借貸人授出委託貸 款B；(iii)本公司日期為2023年8月18日的公告，內容有關將本金為人民幣100,000,000元的餘 下委託貸款A的到期日第二次延長至2024年8月18日；及(iv)本公司日期為2024年7月25日的 公告，內容有關將本金為人民幣100,000,000元的餘下委託貸款A的到期日第三次延長至2025年 8月13日。於本公告日期，包括委託貸款B在內，借貸人未償還貸款人的貸款本金總額為人民幣 150,000,000元。 董事會宣佈，於2025年8月7日，貸款人（本公司的全資附屬公司）與借貸人及受託人訂立第四 份委託貸 ...

近日，北京遭遇极端强降雨，引发部分区域洪涝灾害。雨情之下，责任在肩，星夜驰援，协同作战。首 开集团、首创城发集团、北京建工、金隅集团、北京城建集团、东方雨虹等企业闻"汛"而动，迅速集结 力量，调配充沛物资，抢通道路、安置居民、修复基础设施，用专业的力量和暖心的服务，生动诠释了 同舟共济、守护家园的担当精神。 首开集团 守护民生 温暖到家 面对严峻汛情，首开集团全面部署防汛及后续保障工作。首开集团第一时间召开紧急会议，层层压实责 任，紧盯重点区域风险隐患，加强物资和队伍管理，严格落实值守制度。其中，集团客服中心96139热 线满负荷运转，保障居民诉求畅通，及时处理881件居民诉求。 作为大型国有物业企业，首开城运集团投入大量人力开展巡查抢险，加强低洼路段、设备间巡视。据不 完全统计，截至7月29日，首开城运集团累计投入6367人次开展雨中巡查抢险，检查平房10239间次、楼 房8296幢次，发现房屋漏雨474处，疏通排水125处，全力保障居民正常生活。 在门头沟区永定镇，首开天岳恒公司门城项目部积极配合街道转移居民，耐心劝说并安全护送老人撤 离。统计数据显示，截至7月29日，各项目部累计转移安置居民186人。 ...

Core Viewpoint - The real estate industry is undergoing a structural adjustment, with companies shifting from "heavy asset development" to "light asset operation" in response to tightening financing and profit pressures [1][2]. Group 1: Strategic Divestiture - China Communications Real Estate (中交地产) announced a complete divestiture of its loss-making real estate business, focusing instead on property management and asset management, marking a significant shift towards light asset operations [2][3]. - The divested assets are primarily high-debt and cyclical projects, which will alleviate financial pressure and restore net asset safety margins for the company [2][3]. - This strategic move is not merely a reactive measure but a proactive adjustment towards building a sustainable business model, emphasizing the stability and replicability of light asset operations [2][3]. Group 2: Industry Trends - Other real estate companies have also made similar transitions, such as Huayuan Real Estate and Pearl River Shares, indicating a broader industry trend away from heavy asset models due to declining market risk appetite and stricter policy guidance [3]. - Companies that have shifted focus to light asset operations have generally experienced valuation recovery, with property management firms like China Merchants Jinling and Nandu Property showing significantly higher price-to-earnings ratios compared to traditional real estate developers [3]. Group 3: Central Enterprise Value Reassessment - As a subsidiary of China Communications Group, 中交地产 will operate its light asset business under the "China Communications Service" brand, leveraging the central enterprise's resource synergies [4]. - The company is expected to gain more opportunities for managing core assets due to the group's strategic positioning in major cities and transportation sectors [4]. - Unlike private property management firms that often expand in a scattered manner, central enterprise platforms emphasize resource integration, providing a higher starting point for operational space and project development [4]. Group 4: Conclusion - The divestiture of heavy assets is not a retreat but a repositioning for future growth, as companies like 中交地产 actively adjust to provide new valuation paradigms in the capital market [5]. - The transition to light asset operations is expected to improve financial conditions and operational efficiency, while also offering new growth potential for listed platforms [5]. - In the ongoing pursuit of high-quality development in the real estate sector, light asset operation platforms with central enterprise backgrounds and resource integration capabilities will become new focal points in the market [5].

近日，成都市金牛区某小区向业主返还物业费结余款项，引发社会关注。据报道，今年以来，济南、南 通、昆明等地也有小区将公共收益以现金或抵扣物业费的形式返还业主。小区物业费结余是否返还，与 物业服务计费方式密切相关。 根据我国《物业服务收费管理办法》，业主与物业管理企业可以采取包干制或者酬金制等形式约定物业 服务费用。包干制下，业主向物业管理企业支付固定物业服务费用，盈余或亏损均由物业管理企业享有 或承担，物业费属于企业收入，业主难以知道"钱花在了哪里"；酬金制下，预收的物业服务资金按约定 比例或数额提取酬金支付给物业管理企业，其余全部用于物业服务合同约定的支出，结余或不足均由业 主享有或承担。上述成都市某小区采取的就是酬金制，由业主委员会推动物业返还历年来物业费结余款 项给业主。 立足居民期盼，各地需进一步规范社区物业服务收费行为，切实保障业主和物业服务企业合法权益，加 快推动物业服务行业高质量发展。在物业费返还业主这一有益尝试基础上，应通过规范物业服务收费及 公共收益管理、加强服务信息公开、建立服务信用评价机制等举措，进一步提升物业管理水平及服务质 量。同时，要善用新时代"枫桥经验"，搭建公共事务协商平台，推动 ...

立足居民期盼，各地需进一步规范社区物业服务收费行为，切实保障业主和物业服务企业合法权益，加 快推动物业服务行业高质量发展。在物业费返还业主这一有益尝试基础上，应通过规范物业服务收费及 公共收益管理、加强服务信息公开、建立服务信用评价机制等举措，进一步提升物业管理水平及服务质 量。同时，要善用新时代"枫桥经验"，搭建公共事务协商平台，推动居民诉求高效解决，实现社区共建 共治共享，不断增强居民的获得感与幸福感。 近日，成都市金牛区某小区向业主返还物业费结余款项，引发社会关注。据报道，今年以来，济南、南 通、昆明等地也有小区将公共收益以现金或抵扣物业费的形式返还业主。小区物业费结余是否返还，与 物业服务计费方式密切相关。 根据我国《物业服务收费管理办法》，业主与物业管理企业可以采取包干制或者酬金制等形式约定物业 服务费用。包干制下，业主向物业管理企业支付固定物业服务费用，盈余或亏损均由物业管理企业享有 或承担，物业费属于企业收入，业主难以知道"钱花在了哪里"；酬金制下，预收的物业服务资金按约定 比例或数额提取酬金支付给物业管理企业，其余全部用于物业服务合同约定的支出，结余或不足均由业 主享有或承担。上述成都市某小区 ...

Group 1 - Guangzhou Lingwei Property Management Co., Ltd. has been established with Peng Zhihua as the legal representative [1] - The company's business scope includes security system monitoring services, IoT application services, heating services, and property management [1] - Lingwei Technology (301373) holds 100% ownership of the newly established company [1]