合作洽谈联系方式：baomei@58.com 2 58安居客研究院 房地产数智化营销简报 全国租赁市场报告 2026 年 2 月 1 58安居客研究院 58安居客研究院 58安居客研究院 58安居客研究院 58安居客研究院 58安居客研究院 58安居客研究院 58安居客研究院 58安居客研究院 58安居客研究院 58安居客研究院 58安居客研究院 58安居客研究院 58安居客研究院 58安居客研究院 目 录 摘要：............................................................................................................. 3 一、全国 40 城租赁市场景气度概况............................................................. 4 二、重点城市租赁市场收益率表现................................................................ 5 三、全国 40 城租赁市场供需情况.......... ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：000757 证券简称：浩物股份 公告编号：2026-06号 四川浩物机电股份有限公司 关于公司下属公司与关联方签订 《房屋租赁协议》暨关联交易的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 一、关联交易概述 1、四川浩物机电股份有限公司（以下简称"公司"）全资子公司内江市鹏翔投资有限公司（以下简称"内 江鹏翔"）下属天津市浩物名宣汽车销售服务有限公司（以下简称"天津名宣"）与公司关联方天津融诚 荣浩物产有限公司（以下简称"荣浩公司"）于2024年签订的《房屋租赁协议》即将到期。为保证天津名 宣的日常经营及办公，其将继续承租荣浩公司名下房产。 2、鉴于荣浩公司为公司实际控制人张荣华女士控制的企业，根据《深圳证券交易所股票上市规则》的 相关规定，荣浩公司为公司关联方，本次交易构成关联交易。 2026年2月12日，天津名宣与荣浩公司签订《房屋租赁协议》，租期自2026年2月24日起至2029年2月23 日止，年租金为3,629,447.22元，租赁期租金合计为10,888,341.66元。 三 ...

58安居客研究院 58 ANJUKE INSTITUTE 全国租赁市场报告 2026 年１月 合作洽谈联系方式：baomei@58.com 2 摘要: 合作洽谈联系方式：baomei@58.com m ची STEI 58安居客研究院 目 | 摘要： ……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………… 3 | | --- | | 一、全国 40 城租赁市场景气度概况 . | | 二、重点城市租赁市场收益率表现 | | 三、全国 40 城租赁市场供需情况 | | 1、全国 40 城租赁领先指数-价格指数表现 …………………………………………………………………………………………………………………………………………………………………………………………6 | | 2、全国 40 城租赁领先指数-挂牌与需求热度表现 | | 3、全国 40 城租赁领先指数-挂牌周期表现 | 根据安居客租赁市场景气度指数显示， 1 月全国 40 城的市场景气度指数持续呈现 ● ...

Investment Rating - The report maintains a "Buy" rating for the company, Beike (BEKE), with a target price of HKD 58.37 for the Hong Kong stock and USD 22.45 for the US stock based on a 18x adjusted PE for 2026 [9]. Core Insights - The report highlights that the second-hand housing market is stabilizing, which positively impacts Beike's performance. In January 2026, the number of second-hand housing transactions in 79 cities increased by 33% year-on-year, indicating a potential rebound in the market [9][15]. - Beike's market share remains stable and is expected to grow, with a market share of 32% in 2025, up 1 percentage point from 2024. The company is well-positioned to benefit from market recovery in core cities [9][54]. - The report provides a sensitivity analysis for Beike's performance under different market scenarios for 2026, indicating a high confidence in earnings recovery driven by cost reduction and market improvement [9][64]. Summary by Sections 1. Market Stability and Performance Impact - The total residential transaction volume in 2025 was 1.4 billion square meters, down 5% year-on-year, but showed signs of stabilization when excluding policy effects from Q4 2024. The second-hand market accounted for 47% of this volume, marking a continuous increase over four years [13][14]. - In early 2026, the annualized second-hand transaction volume is projected to be 860 million square meters, a 24% increase from 2025, suggesting a strong start to the year [15][18]. 2. Core Business Resilience and Market Share Growth - Beike's estimated gross transaction value (GTV) for 2025 is projected at RMB 2.1 trillion, a decrease of 6% year-on-year, with Q4 2025 GTV expected to be RMB 432.3 billion, down 42% [20][29]. - The company has a long-term strategy focused on enhancing operational capabilities, with a significant portion of GTV (over 80%) coming from first and second-tier cities, which are expected to show market elasticity during recovery phases [39][42]. - Beike's market share in 2025 is estimated at 32%, with a stable growth trajectory despite market challenges, indicating strong defensive capabilities [54][62]. 3. Earnings Forecast and Valuation - The report outlines three scenarios for Beike's earnings in 2026: optimistic, neutral, and pessimistic, with expected adjusted net profits of RMB 87 billion, RMB 73 billion, and RMB 60 billion respectively, reflecting year-on-year growth rates of 59%, 33%, and 10% [67][71]. - The valuation is based on a general cash flow approach and adjusted PE method, with a target price reflecting the company's potential in a recovering market [9][64].

Core Viewpoint - Sichuan Haowu Electromechanical Co., Ltd. has approved a related party transaction involving a lease agreement with a company controlled by its actual controller, Zhang Ronghua, which is deemed necessary for the daily operations of its subsidiaries [10][12][20]. Group 1: Related Party Transaction - The company’s wholly-owned subsidiary, Neijiang Pengxiang Investment Co., Ltd., will lease properties from Tianjin Rongcheng Rong Haowu Property Co., Ltd., a related party, for a total area of 14,052.58 square meters [10][18]. - The total annual rent for the properties is 8,719,625.90 yuan, with a total lease term of 3 years amounting to 26,158,877.70 yuan, which represents 1.69% of the company's most recent audited net assets [10][18]. - The transaction has been approved by the board of directors with all independent directors voting in favor, ensuring compliance with relevant regulations [11][22]. Group 2: Election of Vice Chairman - The company has elected Mo Tonglei as the vice chairman of the tenth board of directors, with a unanimous vote of 9 in favor and no opposition [5][6]. - Mo Tonglei's term will last until the end of the current board's tenure [5][23]. Group 3: Independent Directors' Opinion - Independent directors have expressed that the lease agreement is fair and in line with market principles, ensuring it does not harm the interests of the company or its shareholders [22].

近期，郑州市房屋租赁管理部门结合2025年下半年全市房屋租赁信访投诉情况，排查出16家住房租赁企业存在严重违规行为。这些企业涉及变 相克扣租房押金、违规隔断出租、企业及合同未备案、未按要求开展住房租赁资金监管、推诿投诉调解等问题，严重侵害了租客的合法权益。 为帮助市民防范租房陷阱，郑州市住房保障和房地产管理局发布消费警示，提醒广大租客提高警惕，多措并举规避风险。 据悉，此次被曝光的16家住房租赁企业，主要通过"高收低租、长收短付"等模式吸引租客，随后以各种理由克扣押金、拖延维修、推诿调解， 甚至突然失联，导致租客面临经济损失与居住困境。此类行为不仅扰乱市场秩序，更严重影响租客的生活安宁。 租客应优先选择信誉良好、证照齐全的租赁企业，主动避开此次公示的违规企业。若选择个人房源，务必核验房东身份证与房屋产权证明，防 范"二房东"无授权转租。同时，切勿轻信"低价好房"噱头，明显低于市场价的房源往往暗藏"高收低租、长收短付"骗局，易导致中介携款跑 路。 推荐使用郑州市官方租房合同范本，仔细阅读租金支付周期、押金退还条件、违约责任等条款，将口头承诺写入合同，警惕"霸王条款"。合同 中应明确房屋是否为隔断房、水电燃气计费 ...

Core Viewpoint - The company has entered into a lease agreement with Lao Wang (Shanghai) Catering Management Co., Ltd. for a property in Ningbo, which has now been mutually agreed to be terminated early, with specific financial terms outlined for the early termination [1] Group 1: Lease Agreement Details - The company signed a lease contract with Lao Wang for a property located at 1-9 Dali Street, Haishu District, Ningbo, with a lease term of 10 years from August 1, 2024, to July 31, 2034 [1] - The annual rent is set at 1.5 million yuan from August 1, 2024, to July 31, 2029, and will increase to 1.575 million yuan from August 1, 2029, to July 31, 2034 [1] Group 2: Early Termination Agreement - The lease will be terminated early, with the new end date set for January 31, 2026 [1] - Lao Wang is required to pay a penalty of 337,500 yuan for the early termination, which can be deducted from the security deposit already paid [1] - The company stipulates that Lao Wang must clear and return the leased property by January 31, 2026, and any delay will incur a fee at double the annual rent rate for each day overdue, along with covering all associated costs during the occupancy period [1]

Core Viewpoint - The company has entered into a lease agreement with Lao Wang (Shanghai) Catering Management Co., Ltd. for a property in Ningbo, which has now been mutually agreed to be terminated early [1] Group 1: Lease Agreement Details - The company signed a lease contract on July 16, 2024, to rent out a property located at 1-9 Dali Street, Haishu District, Ningbo, for a period of 10 years from August 1, 2024, to July 31, 2034 [1] - The annual rent is set at 1.5 million yuan from August 1, 2024, to July 31, 2029, and will increase to 1.575 million yuan from August 1, 2029, to July 31, 2034 [1] Group 2: Early Termination Agreement - The company has agreed to terminate the lease contract early, with the new termination date set for January 31, 2026 [1] - Lao Wang Company is required to pay a penalty of 337,500 yuan for the early termination, which can be deducted from the security deposit already paid [1] - The company expects Lao Wang to clear and return the leased property by January 31, 2026, with penalties for any delays calculated at double the annual rent rate [1]

Core Insights - The housing rental market in Beijing is facing increasing issues such as contract disputes, company bankruptcies, and housing quality concerns, particularly affecting new citizens and young renters [3][4] Group 1: Contract Disputes - The number of housing rental contract disputes is on the rise, with 566 cases reported from January 2022 to November 2025, showing a gradual increase each year [2] - Key issues in disputes include unsuitable housing provided by rental companies (25%), unclear contract terms (10%), and unauthorized subleasing (4%) [2] - In appeals, 53% of cases involve rental companies, indicating significant contention between companies and tenants or landlords [2] Group 2: Regulatory Measures - The implementation of the "Housing Rental Regulations" on September 15, 2025, aims to establish a legal framework for the housing rental market [2] - A total of 17.1 billion yuan has been placed under regulatory supervision to prevent companies from misappropriating rental deposits or fees [4] - Over 800 rental companies in Beijing have signed agreements with regulatory banks to ensure compliance with the new regulations [4] Group 3: Housing Quality Issues - 25% of disputes involve housing that is deemed unsuitable for living, often due to issues like excessive formaldehyde, noise, and illegal subletting [5][6] - Tenants have the right to terminate contracts and seek compensation if the housing does not meet legal or contractual standards [5][6] Group 4: Contractual Traps - Rental contracts often contain "trap clauses" that can undermine tenant rights, such as misleading titles or restrictions on direct agreements with landlords [7][8] - Courts have ruled against such clauses that violate the principle of contractual freedom, emphasizing the need for transparency in rental agreements [7][8] Group 5: Collaborative Governance - The Beijing government is working with various departments to enhance oversight and protect renters, including monitoring rental listings and addressing complaints against non-compliant companies [8][9] - Recommendations for rental companies include proper registration, maintenance checks, and transparent communication with tenants [9]

Core Viewpoint - The report highlights the increasing trend of disputes related to small housing rental contracts involving intermediary agencies in Beijing, emphasizing the need for improved management and regulation in the housing rental market [1][2]. Group 1: Dispute Trends and Statistics - In 2023 and 2024, the Chaoyang District Court in Beijing received and concluded 705 cases related to small housing rental contracts involving intermediaries, with a notable increase of 171 cases in 2024 compared to 2023 [1][2]. - Cases with a value of less than 10,000 yuan accounted for nearly 60% of all cases, indicating a high frequency of disputes despite the relatively small amounts involved [1]. - The resolution statistics show that 21.3% of cases were concluded by judgment, 32.5% by mediation, and 46.1% were withdrawn [1]. Group 2: Issues with Intermediary Agencies - Many disputes arise from intermediaries going missing, failing to return deposits, or providing false information about rental properties, which increases market volatility and reduces transaction stability [1][2]. - A significant portion of cases (87%) occur between intermediaries and tenants, with many intermediaries failing to respond to court summons, indicating a trend of negligence or even closure [2]. Group 3: Legal Recommendations and Rights - In cases where intermediaries default or go out of business, property owners can demand that actual tenants vacate the premises, but tenants face challenges in reclaiming deposits and overpaid rent [3]. - Tenants can request contract termination if the rental property poses safety risks, such as poorly constructed partitioned rooms that do not meet safety standards [4]. - Tenants can also seek contract cancellation for renting properties with excessive formaldehyde or other hidden defects, provided they can prove the presence of such issues [5][6]. Group 4: Responsibilities of Tenants and Landlords - Tenants are advised to use properties reasonably and to be aware of their legal rights; landlords can terminate contracts if tenants misuse properties [7][8]. - Disputes over deposit refunds often arise from misunderstandings regarding property wear and tear, with courts typically considering normal usage when adjudicating these cases [9]. Group 5: Recommendations for Intermediary Agencies - Intermediary agencies are encouraged to operate with integrity and improve management practices, including using standardized contracts and ensuring financial transparency [10]. - Agencies should establish effective communication channels for feedback and complaints, and comply with judicial processes to enhance their reputation and contribute to a healthier rental market [10].