Core Viewpoint - Country Garden Services (06098) announced a share buyback plan, indicating confidence in its stock value and potential for future growth [1] Group 1: Share Buyback Details - The company plans to repurchase 600,000 shares at a total cost of HKD 3.831 million [1] - The buyback price per share ranges from HKD 6.37 to HKD 6.40 [1]

Group 1 - The company, Country Garden Services (06098), announced a share buyback plan [1] - The total amount allocated for the buyback is HKD 3.831 million [1] - The company plans to repurchase 600,000 shares at a price range of HKD 6.37 to HKD 6.40 per share [1]

Group 1: Real Estate Land Supply - Beijing has released a list of 8 plots of land for residential use, covering approximately 27 hectares and a building scale of about 630,000 square meters, which will be supplied in the near future [1] - The land plots are located near transit stations in areas with strong market demand and well-developed infrastructure and public services [1] - The distribution includes 1 plot in the core area (Dongcheng District), 2 plots in the central urban area (Chaoyang District), and 5 plots in sub-centers and plain areas (Tongzhou, Shunyi, Changping, Daxing, and Fangshan Districts) [1] Group 2: Company Sales Performance - Gindal Group reported a contract sales amount of 2.22 billion yuan in August, a year-on-year decrease of 58.89%, with a signed area of 180,000 square meters, down 51.87% year-on-year [2] - Country Garden disclosed a contract sales amount of approximately 2.96 billion yuan in August, with a sales area of about 350,000 square meters [3] Group 3: Bond Issuance and Interest Payment - Poly Development announced the interest payment details for its corporate bond "24 Poly 07," which has a total issuance of 500 million yuan and a term of 7 years, with a coupon rate of 2.5% [4] - The interest payment date is set for September 10, with a distribution of 25 yuan (including tax) per bond [4] Group 4: Market Expansion of Property Companies - In August, the top 50 property companies added a total contract area of approximately 54.9 million square meters, indicating continued expansion among leading firms [5] - The average new contract area for these top 50 companies was 1.1 million square meters, while the third-party market expansion area totaled 47.14 million square meters, averaging 940,000 square meters [5]

Core Viewpoint - Country Garden Services (stock code: 06098) demonstrates confidence in its development and proactive management strategy through a share buyback of HKD 3.9138 million, acquiring 609,000 shares on September 3, 2025 [1] Summary by Relevant Categories - **Share Buyback Details** - The company repurchased shares worth HKD 3.9138 million [1] - A total of 609,000 shares were bought back [1] - **Management Strategy** - The share buyback reflects the company's confidence in its future development [1] - Indicates a proactive management approach to enhance shareholder value [1] - **Market Performance Outlook** - The market performance of the company is expected to be closely monitored following this buyback action [1]

Core Viewpoint - Country Garden Services (碧桂园服务) announced a share buyback plan, indicating confidence in its stock value and future prospects [1] Group 1 - The company will spend HKD 3.9138 million to repurchase 609,000 shares [1]

Core Insights - The report from the China Index Academy indicates that in August 2025, the top 50 property service companies in China added approximately 54.9 million square meters of new contract area, reflecting continuous expansion among leading firms [1] - The average new contract area for these companies was 1.1 million square meters [1] - Notable companies such as China Resources Vientiane Life Co., Shanghai Yongsheng Property Management Co., and Shimao Services Holdings Ltd. experienced rapid growth, each adding over 5 million square meters of new contract area [1]

Group 1 - The property service industry is facing challenges in collection rates, but companies are achieving steady profit growth through operational improvements and technology enhancements, particularly in brand service [1] - In the first half of 2025, 14 sample property service companies reported a revenue growth rate of 5.3%, a decrease of 1.6 percentage points year-on-year, with basic property service revenue growth at 8.1%, down 3.9 percentage points [1][2] - The gross profit margin for basic property services in the first half of 2025 was 16.2%, a slight decline of 0.5 percentage points year-on-year, indicating a relatively stable profitability level despite macroeconomic pressures [1] Group 2 - The value-added services for homeowners are in a period of adjustment, with revenue declining by 5.6% year-on-year in the first half of 2025, and the revenue share decreasing to 9.7% [2] - Non-homeowner value-added service revenue has been declining since 2022, with a year-on-year decrease of 8.5% in the first half of 2025, now accounting for 6.5% of total revenue [2] Group 3 - Companies are enhancing their receivables and cash flow management, with a net cash outflow of 1.7 billion yuan reported by 11 sample companies in the first half of 2025, indicating a need for improved cash flow management [3] - The brand strength of companies is leading to better cash flow performance compared to the industry average, despite challenges in collection rates [3] Group 4 - Companies are becoming more proactive in dividend distribution, with an average dividend payout ratio of 73% and an average dividend yield of 6.2% expected for the year [4] - In the first half of 2025, 14 sample companies reported a 3.1% year-on-year increase in cash and cash equivalents, indicating a positive trend in liquidity [4]

智通财经APP获悉，中信证券发布研报称，物业服务行业确实面临物业费收缴率方面的挑战，但企业通 过提升运营，科技提效，尤其是品牌服务的影响力，回归基础服务，上半年继续实现了盈利的稳步增 长。盈利结构方面，周期性业务占比进一步下降。现金流方面，品牌公司的优势更加突出。加大分红派 息逐渐进入正循环，行业预期6.2%的股息率水平具备吸引力。看好物业服务行业。 中信证券主要观点如下： 企业回归基础服务，多渠道优化在管面积。 2025年上半年，14家物业服务样本企业收入增速为5.3%，同比下降1.6个百分点，其中基础物业服务收 入增速为8.1%，同比下降3.9个百分点，尽管增速放缓，基础物业服务依然是物业公司增长的主要来 源。在管面积稳步增长，2025年上半年同比提升4.4%。企业主动提升增量和存量合约质量，一方面对 于存量低效项目进行退盘，另一方面外拓时规模和质量并重，聚焦优势赛道，加速布局存量房外拓能 力。整体来看，虽然面临宏观压力，但企业仍然通过各种手段积极提升管理效能，2025年上半年样本企 业基础物业服务毛利率为16.2%，同比下降0.5个百分点，但仍处于合理水平。同时企业之间毛利率相对 收敛，部分高毛利企业可 ...

Core Viewpoint - Country Garden Services (06098) announced a share buyback plan, indicating confidence in its stock value and future prospects [1] Group 1 - The company will spend HKD 2.514 million to repurchase 391,000 shares [1]

Core Viewpoint - Country Garden Services (06098.HK) announced a share buyback on September 2, 2025, spending HKD 2.5141 million to repurchase 391,000 shares at a price of HKD 6.43 per share [1] Group 1 - The total expenditure for the share buyback is HKD 2.5141 million [1] - The number of shares repurchased is 391,000 [1] - The buyback price per share is HKD 6.43 [1]