Group 1: Real Estate Development - In Q3 2025, the company reported an unaudited contract sales amount of approximately 3.025 billion RMB, with a contract sales area of about 128,700 square meters [1] - For the first three quarters of 2025, the total unaudited contract sales reached approximately 9.838 billion RMB, representing a 24.0% increase year-on-year, with a total sales area of about 428,200 square meters, up 36.3% year-on-year [1] - The average selling price per square meter was approximately 22,973 RMB, with key projects successfully delivered in Q3, including Shenzhen Shenye Yunhai Bay and Chengdu Shenye Dongyuefu [1] Group 2: Property Upgrade and Innovation - The company is enhancing its commercial competitiveness and asset attractiveness through continuous property upgrades and business model innovation [2] - A cinema area asset upgrade is underway at Shenye Shangcheng Commercial, with plans to launch a new concept garden "The Gardens" that integrates global cuisine and high-end cinema functions by early next year [2] Group 3: Urban Comprehensive Operation - The company received multiple accolades for its operational strength, including recognition as a leading brand in property service quality in China for 2025 [3] - Shenye Shangcheng has successfully attracted 13 Fortune 500 companies after its office upgrade and has been designated as a "Foreign Business Service Point" [3] - The company is expanding its operational projects, including the successful bid for the Huafu Village project, which will be the first project under the "Shenye Shiji" community commercial product line [3] Group 4: Technology Industry Investment Services - The company's subsidiary, Jinghua, has made significant progress in expanding its client base and advancing cooperation projects, with a notable improvement in agricultural operating efficiency [4] - The sales of agricultural products have increased by over 160% year-on-year, and the Dapeng Four Seasons Coastal Garden has received 60,000 visitors, being recognized as a "Child-Friendly Practice Site" in Shenzhen [4] - The company aims to accelerate the construction of a new development model, focusing on urban asset management, comprehensive operations, and technology industry investment services to ensure high-quality development [4]

Core Insights - Shenzhen Holdings (00604.HK) reported an unaudited contract sales amount of approximately 3.025 billion RMB for Q3 2025, with a contract sales area of about 128,700 square meters [1] - The company maintained strong sales during the "Eleven" holiday period, with projects like Shenzhen Shenye Yunzhu, Shanshui Dongcheng, and Huizhou Banshan Mingyuan achieving regional sales champions [1] - For the first three quarters of 2025, the company's unaudited total contract sales reached approximately 9.838 billion RMB, representing a 24.0% increase year-on-year, with a total contract sales area of about 428,200 square meters, up 36.3% year-on-year, and an average selling price of approximately 22,973 RMB per square meter [1] - Key projects such as Shenzhen Shenye Yunhai Bay, Shenye Yiyuefu, and Chengdu Shenye Dongyuefu were successfully delivered in Q3 [1]