Shenzhen Zhenye Group(SZ:000006)2022-12-08 09:45Group 1: Company Impact and Projects - The Qianhai concept currently has little impact on the company, with the Xinghai Mingcheng project near Qianhai mostly sold out and no new land acquisitions planned in the area [2] - The cooperation project with Shenzhen Metro Group is under construction, but future collaboration remains uncertain [3] - The company has not received any updates regarding state-owned enterprise reform plans, indicating uncertainty in future implementations [3] Group 2: Financial Performance and Market Trends - The company anticipates a significant decrease in performance due to project development cycles, with fewer projects settled in the first half of the year compared to the previous year [3] - There are indications of some cities relaxing purchase and loan restrictions, but the Ministry of Housing and Urban-Rural Development has stated that such relaxations in first-tier cities are unlikely [3] - The company has focused on real estate development and has no current plans to diversify into other sectors [3] Group 3: Commercial Real Estate Considerations - The company has previously developed commercial real estate projects, such as Xinghai Mingcheng Phase 7, but is cautious about entering the commercial real estate market due to an oversupply of large projects and the impact of e-commerce [4]