"十四五"中国物业管理行业市场总结 （一）发展环境：融入国家战略，强化市场规范，回归服务本源 1. 行业定位校准：明确"质量提升"核心主线，参与城市治理和民生保障 2025年是"十四五"的收官之年，也是"十五五"的谋篇之年。站在承前启后的关键节点，我们需系统复盘过去五年的发展成果， 精准把握国家"十五五"战略方向与行业脉络，聚焦核心，明确路径，为打赢"十五五"转型升级攻坚战奠定坚实基础。 经历"十四五"前期的多元探索和高速发展，行业逐步转向注重服务品质、理性务实的发展阶段。"十四五"期间，行业从"其他服 务业"被调整为"鼓励类-商业服务业"，产业地位提升，标志着国家层面对物业管理行业认知的深化和战略定位的精准化。步 入"十五五"，行业将明确"质量提升"发展主线，同时成为城市治理和民生保障的参与者，兼顾经济属性和社会属性。 图："十四五"以来物业管理行业定位变化 "十四五"期间，物业企业持续探索多元服务，由"物业服务保障者"逐步向"生活服务提供商"转变。2020年10月，《中共中央关于 制定国民经济和社会发展第十四个五年规划和二〇三五年远景目标的建议》提到：推动生活性服务业向高品质和多样化升级， 加快发展健康、 ...

Core Viewpoint - New Dazheng plans to acquire a controlling stake in Jiaxin Liheng through a combination of share issuance and cash payment, while also raising supporting funds by issuing shares to no more than 35 qualified investors [1][2] Group 1: Acquisition Details - New Dazheng intends to purchase a total of 75.15% equity in Jiaxin Liheng, with 65.15% from TS Capital Facility Management Holding Company Limited and Beijing Xinrunheng Equity Investment Partnership [1][2] - The share issuance price is set at 8.44 yuan per share, which is 80% of the average trading price of New Dazheng's stock over the 120 trading days prior to the pricing date [1] - The transaction is expected to constitute a major asset restructuring, with TS anticipated to become a shareholder holding over 5% of New Dazheng post-transaction [2] Group 2: Jiaxin Liheng's Business Overview - Jiaxin Liheng specializes in International Facility Management (IFM), providing services to various commercial clients, focusing on integrated facility management, green energy management, and large event security [3] - Established in 2020, Jiaxin Liheng operates under several brands and has a diversified revenue model centered around IFM services [3] - Financial performance for Jiaxin Liheng shows revenues of 2.904 billion yuan, 3.035 billion yuan, and 2.075 billion yuan for the years 2023, 2024, and the first eight months of 2025, respectively, with net profits of 116 million yuan, 126 million yuan, and 85 million yuan [3] Group 3: Strategic Implications for New Dazheng - The acquisition will allow New Dazheng to expand its business reach significantly in key regions such as the Yangtze River Delta, Bohai Bay, Greater Bay Area, and Chengdu-Chongqing Economic Circle [5] - The transaction will enable New Dazheng to transition from property management to comprehensive facility management, enhancing its capabilities in new areas such as green energy management and space asset management [5] - Following the completion of the transaction, New Dazheng aims to implement its national strategy more effectively [5]

Core Viewpoint - The company, Ocean Service (06677), is making significant strides in market expansion through a clear development strategy and an excellent "integrated transportation and operation" model, enhancing its brand influence and market competitiveness [1] Group 1: Grid Expansion - Ocean Service is leveraging its professional facility management capabilities to deepen its presence in core cities and high-potential sectors, exemplified by winning the IFM service project for Beijing Zhaoxin Building, which showcases its operational excellence in high-end office building management [2] - The project validates Ocean Service's professional advantages in facility management and lays a solid foundation for future expansions into verticals such as high-tech corporate headquarters and research parks [2] Group 2: Deepening Client Relationships - The company is continuously deepening strategic collaborations with enterprise clients, as evidenced by its recent win of the integrated property management service project for CNOOC Services' Tianjin Intelligent Manufacturing Center, extending its service coverage across multiple cities [3] - This renewed partnership reflects the trust clients have in Ocean Service's professional capabilities and service quality, indicating a shift towards deeper and broader collaborations [3] Group 3: Land and Property Synergy - Ocean Service successfully signed a contract for property services at the first phase of Hancheng Garden in Tianjin Eco-City, marking a significant implementation of its "land and property synergy" model [4] - Collaborating with international developers like Keppel Land enhances the company's service quality and project management capabilities, providing new momentum for market expansion in high-potential areas [4] Group 4: Strategic Focus and Future Outlook - The company is committed to enhancing regional coverage through grid expansion, deepening multi-sector services via client relationships, and integrating resources through land and property synergy, all of which complement each other to achieve external growth objectives efficiently [5] - Looking ahead, Ocean Service aims to leverage its national layout, multi-sector service experience, and brand synergy to continuously improve service precision and market penetration, focusing on sustainable value creation with partners [5]

Core Viewpoint - The company, Ocean Service, is making significant strides in market expansion through a clear development strategy and an integrated "transportation and operation" model, enhancing its brand influence and market competitiveness [1] Group 1: Grid Expansion - Ocean Service is leveraging its professional facility management capabilities to deepen its presence in core cities and high-potential sectors, exemplified by winning the IFM service project for Beijing Zhaoxin Building, which showcases its operational excellence in high-end office building management [2] - The project validates Ocean Service's professional advantages and lays a solid foundation for future expansions into verticals such as high-tech corporate headquarters and research parks [2] Group 2: Deepening Client Relationships - The company is enhancing strategic cooperation with enterprise clients, evidenced by its recent win of the integrated property management service project for CNOOC's Tianjin Intelligent Manufacturing Center, extending its service reach across multiple cities [3] - This continued collaboration reflects clients' trust in Ocean Service's professional capabilities and service quality, indicating a deeper and broader development of client partnerships [3] Group 3: Land and Property Synergy - Ocean Service successfully secured the property service project for the first phase of Hancheng Garden in Tianjin Eco-City, marking a significant implementation of the "land and property synergy" model [4] - Collaborating with international developers like Keppel Land enhances the company's service quality and project management capabilities, providing new momentum for market expansion in high-potential areas [4] Group 4: Strategic Focus and Service Expansion - The company is enhancing regional coverage through grid expansion, deepening multi-sector services via client relationships, and integrating resources through land and property synergy, all contributing to efficient achievement of external expansion goals [5] - Looking ahead, Ocean Service aims to leverage its national layout, multi-sector service experience, and brand synergy to continuously improve service precision and market penetration, focusing on sustainable value creation with partners [5]

Core Viewpoint - Country Garden Services reported a solid performance in the first half of 2025, with a revenue of 23.19 billion yuan, reflecting a year-on-year growth of 10.2%, and a core net profit attributable to shareholders of approximately 1.57 billion yuan, indicating a robust business foundation and steady growth in core business revenue [1] Group 1: Financial Performance - The company achieved a revenue of 23.19 billion yuan in the first half of 2025, marking a 10.2% increase compared to the previous year [1] - The core net profit attributable to shareholders was approximately 1.57 billion yuan [1] Group 2: Business Operations - The total number of managed property projects reached 8,108, with a managed area of 1.06 billion square meters, including 90 million square meters of residential area under "three supplies and one industry" [1] - Approximately 40.2% of the managed area is located in first- and second-tier cities [1] Group 3: Customer Satisfaction and Service Improvement - The company invested about 259 million yuan in community recreational facilities and upgrades to enhance customer experience [1] - A focus on customer satisfaction is emphasized as a key foundation for the company's sustainable development [1] Group 4: Market Expansion - Significant progress was made in market expansion, particularly in the Integrated Facility Management (IFM) sector, with successful projects acquired from China Coal Group, The Chinese University of Hong Kong (Shenzhen), and China Mobile in Guangdong and Shaanxi provinces [2] - The establishment of a dedicated IFM business group marks a strategic move towards enhancing service capabilities and building a comprehensive service moat [2]