5i5j(SZ:000560)2023-05-23 10:21Group 1: Industry Overview - In 2022, the overall housing transaction commission scale in China decreased by approximately 20% to 255 billion CNY due to the impact of macroeconomic conditions on the real estate market [1] - The domestic housing transaction market is expected to experience a mild recovery in 2023 and 2024, with long-term growth anticipated in the stock housing and rental markets [1] - The housing transaction commission scale is projected to reach nearly 480 billion CNY by 2030, driven by stable industry transaction volumes [2] Group 2: Company Performance - In 2022, the total transaction volume (GTV) of housing services exceeded 260 billion CNY, maintaining a leading position in the industry [2] - The company’s market share in core cities like Beijing and Hangzhou continued to improve, with Hangzhou holding the top position [2] - The "Xiangyu" business segment achieved a revenue of 5.6 billion CNY in 2022, reflecting a year-on-year growth of 75% [3] Group 3: Strategic Initiatives - The company launched a new brand proposition, "Live Every Kind of Life," aimed at enhancing customer service for diverse consumer types [2] - A comprehensive digital strategy was introduced to improve internal management efficiency and reduce operational costs through various digital platforms [2] - The company is collaborating with leading AI firms to develop a real estate brokerage model that enhances service personalization and operational efficiency [3] Group 4: Market Outlook - The domestic rental market is expected to grow steadily, with a projected market size exceeding 3 trillion CNY by 2030, driven by factors such as increased mobility and longer rental durations [3] - The company plans to strengthen the "Xiangyu" brand and expand its market presence in first-tier and new first-tier cities [3] - The overall real estate market is anticipated to stabilize in 2023, with a steady recovery in transaction volumes compared to the previous year [4]