Grunt 11th September | OPEN Securities Research Reports pointed out that China Merchants Shekou Industrial Zone Holdings (001979.SZ) August sales scale has shrunk slightly, sales price has slipped slightly, industry ranking remains leading. The company actively acquires land, focusing on core cities for land acquisition, with sufficient available supply, smooth financing channels, and bullish on future market share continuously increasing. Maintain a 'buy' rating. In August 2024, the company achieved a contracted sales amount of 14.004 billion yuan, a decrease of 28.20% year-on-year, and achieved a contracted sales area of 0.574 million square meters, a decrease of 25.68% year-on-year. According to Ke Rui data, the company's total sales amount from January to August 2024 ranked 5th. The proportion of land acquisition in August to sales amount was 17.6%, focusing investment on core cities, with the three parcels of land acquired located in Shanghai, Hangzhou, and Zhengzhou. In addition, the company was authorized to issue indemnificatory apartment reits, further enhancing its operational capabilities.