Jingu wealth news | Property management stocks generally rose, as of the cutoff, Shimao Services (00873) rose by 42.72%, Colour Life (01778) rose by 33.96%, KWG Living (03913) rose by 21.84%, CG Services (06098) rose by 20.58%, Zhenro Services (06958) rose by 18.82%.

HTSC pointed out that the decline in development investment narrowed, the completion decline widened significantly; the year-on-year decline in sales narrowed, while the month-on-month decline in house price index expanded; the continuous implementation of the 'financing coordination mechanism' is expected to continue easing the financing pressure of real estate companies. Under the 'stabilizing the real estate' demand, interest rate cuts and tightening policies are gradually being implemented at the operational level, expected to boost confidence in the real estate market and quickly stabilize, providing valuation recovery space for the sector.

Everbright Securities previously pointed out that the Fed's interest rate cut expectations are rising, domestic real estate policies are continuously being optimized, property management risk indicators are gradually being cleared, and the value of sector allocation is highlighted. In the first half of this year, Shimao Services achieved revenue of 4.03 billion yuan, gross profit of 0.81 billion yuan, and net income of 0.21 billion yuan, a 3.4% increase from the same period last year, achieving a counter-trend rise. In terms of scale, during the reporting period, Shimao Services had a contracted area of 0.33 billion square meters, managed area of 0.25 billion square meters, of which the area from independent third parties accounted for 75.2% and 77.2% of the managed and contracted area, respectively, demonstrating stable growth in management scale, with a high proportion of third-party projects and high portfolio value.