展望2026年，本集团将继续追求高质量长期增长，积极应对行业调整，实现非住业务高质拓规模，加快 调整增值业务，培育利润增长点，实现结构优化与效益提升，向"客户信赖的智慧城市服务商"的愿景迈 出坚实一步。 该信息由智通财经网提供 智通财经APP讯，越秀服务(06626)发布公告，根据本集团截至2025年12月31日止年度(2025财年)的未经 审核综合管理层账目的初步评估及董事会目前可获得的资料，预期2025财年的权益持有人应占盈利较截 至2024年12月31日止年度(2024财年)同比下降约20%至25%，而核心净利润预期较2024财年下降约45% 至50%。核心净利润指剔除商誉减值影响的权益持有人应占盈利。 权益持有人应占盈利和核心净利润的预期下降主要受毛利率下降影响，原因如下：(1)受房地产行业深 度调整影响，高毛利的增值业务缩减(如经纪业务);(2)阶段性房屋硬装业务陆续结算完毕，来自该业务 的收入及毛利润减少;(3)持续投入成本以提升服务品质、稳定商业项目出租率，整体运营支出有所上升; (4)因政策调整导致人工成本增长。 ...

Core Viewpoint - Yuexiu Services (06626) anticipates a significant decline in profit for the fiscal year ending December 31, 2025, with a projected decrease of approximately 20% to 25% in profit attributable to equity holders compared to the fiscal year ending December 31, 2024, and a core net profit decline of about 45% to 50% [1] Financial Performance - The expected decline in profit and core net profit is primarily attributed to a decrease in gross margin [1] - Contributing factors include: 1. A reduction in high-margin value-added services, such as brokerage services, due to a deep adjustment in the real estate industry [1] 2. The completion of phase-based housing hard decoration projects, leading to decreased revenue and gross profit from this business [1] 3. Increased operational expenses due to ongoing investments aimed at enhancing service quality and stabilizing commercial project occupancy rates [1] 4. Rising labor costs resulting from policy adjustments [1] Future Outlook - For 2026, the company aims to pursue high-quality long-term growth and actively respond to industry adjustments [1] - The focus will be on scaling non-residential business and adjusting value-added services to cultivate profit growth points [1] - The company is committed to optimizing its structure and improving efficiency, moving towards its vision of becoming a "trusted smart city service provider" [1]

智通财经APP讯，越秀服务(06626)发布公告，根据本集团截至2025年12月31日止年度(2025财年)的未经 审核综合管理层账目的初步评估及董事会目前可获得的资料，预期2025财年的权益持有人应占盈利较截 至2024年12月31日止年度(2024财年)同比下降约20%至25%，而核心净利润预期较2024财年下降约45% 至50%。核心净利润指剔除商誉减值影响的权益持有人应占盈利。 展望2026年，本集团将继续追求高质量长期增长，积极应对行业调整，实现非住业务高质拓规模，加快 调整增值业务，培育利润增长点，实现结构优化与效益提升，向"客户信赖的智慧城市服务商"的愿景迈 出坚实一步。 权益持有人应占盈利和核心净利润的预期下降主要受毛利率下降影响，原因如下：(1)受房地产行业深 度调整影响，高毛利的增值业务缩减(如经纪业务);(2)阶段性房屋硬装业务陆续结算完毕，来自该业务 的收入及毛利润减少;(3)持续投入成本以提升服务品质、稳定商业项目出租率，整体运营支出有所上升; (4)因政策调整导致人工成本增长。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容所產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 （在香港註冊成立的有限公司） （股份代號：06626） 內幕消息 由於本集團仍在編製及落實其二○二五財年之年度業績，本公告所載資料僅基於董 事會經參考目前可得資料而作出之初步評估，而非基於經本集團核數師審核或審閱 之任何數據或資料而作出。董事會在進一步審閱及落實本集團於二○二五財年之年 度業績後，可能會作出調整。 本公司股東及潛在投資者於買賣本公司證券時務請審慎行事。 盈利警告 本公告乃越秀服務集團有限公司（「本公司」）根據第571章《證券及期貨條例》（「證券 及期貨條例」）第XIVA部的內幕消息條文（定義見上市規則）及香港聯合交易所有限 公司證券上市規則（「上市規則」）第13.09(2)條作出。 本公司（連同其附屬公司統稱「本集團」）董事（「董事」）會（「董事會」）謹此知會本公司 股東及潛在投資者，根據本集團截至二○二五年十二月三十一日止年度（「二○二五 財年」）的未經審核綜合管理層賬目的初步評估及董 ...

Core Viewpoint - The launch of the "Spring Festival 30 Billion Free Order" campaign by Qianwen APP has led to a massive surge in orders for milk tea shops, resulting in over 10 million orders within just 9 hours, significantly impacting the tea beverage industry and stock prices of related companies [1][6][12]. Group 1: Impact on the Milk Tea Industry - The Qianwen APP's free order card can be used in over 300,000 milk tea shops nationwide, including popular brands like Mixue Ice Cream, Luckin Coffee, and Nayuki [3][6]. - Many stores reported overwhelming order volumes, with some locations experiencing a tenfold increase in orders compared to normal days, leading to operational challenges [6][22]. - The stock prices of several tea beverage companies rose significantly, with Gu Ming increasing over 5% and Cha Bai Dao rising over 4% following the campaign [6][12]. Group 2: Historical Context and Comparison - This event follows a similar "takeout war" that occurred in July 2025, where tea beverage shops also faced an unprecedented surge in orders, leading to operational chaos and complaints from staff [7][10]. - The previous "takeout war" resulted in a 50% increase in orders for some brands, highlighting the volatility and challenges faced by the industry during such promotional events [7][10]. Group 3: Consumer Behavior and Market Dynamics - The milk tea market in China is projected to reach 354.72 billion yuan by 2024, with a growth rate of 6.4%, indicating a strong consumer base primarily consisting of young women and white-collar workers [16][18]. - Milk tea's low decision-making cost and high repurchase rate make it an attractive product for platforms looking to engage users, as it serves as a low-cost method to acquire and retain customers [16][21]. Group 4: Operational Challenges - The sudden influx of orders during the Qianwen APP campaign led to significant operational strain on milk tea shops, with many unable to meet the demand due to insufficient staffing and supply chain issues [22][23]. - Customer experiences were negatively impacted, with reports of long wait times and order inaccuracies, which could harm long-term customer trust and repeat business [23][25].

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年1月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 越秀服務集團有限公司 呈交日期: 2026年2月4日 I. 法定/註冊股本變動 不適用 FF301 第 1 頁 共 10 頁 v 1.2.0 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06626 | 說明 | 普通股 | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 1,502,212,177 | | | | 1,502,212,177 | | 增加 / 減少 (-) | | | | | | | | | 本月底結存 | | | 1,502,212,177 | | 0 | | 1,502,21 ...

Core Viewpoint - The founder of Wild Man Mr. Cui Jianwei believes that direct sales and franchising are not opposing concepts, citing the success of Mixue Ice City as an example [1][4]. Group 1: Direct Sales vs. Franchising - Wild Man initially operated only direct sales stores and began franchising in 2024, indicating a strategic shift [1][4]. - The rapid development of the tea beverage industry has led to the maturity of both brand owners and franchisees, suggesting a more collaborative environment [1][4]. - Successful brands like Mixue and Gu Ming serve as valuable lessons for others in the industry, demonstrating that franchising can be effective [1][4]. Group 2: Market Insights - The tea beverage market has numerous brands and listed companies, indicating a competitive landscape that fosters innovation and learning [1][4]. - The performance of Gu Ming post-IPO has been strong, with the founder expressing interest in purchasing its stock, highlighting investor confidence in the sector [1][4]. - The essence of success lies in the commitment of the team to excel in their business, rather than the choice between direct sales and franchising [1][4].

Investment Rating - The report recommends a positive investment outlook for the real estate sector, highlighting specific stocks in various categories such as development, commercial residential, property management, and cultural tourism [1]. Core Insights - The report emphasizes the shift in the real estate industry from a focus on quantity to a focus on quality, driven by the new requirements set forth during the "15th Five-Year Plan" period, which aims for high-quality development [1][13]. - It identifies six key tasks to achieve high-quality development, including optimizing affordable housing supply and enhancing property service quality [1][61]. Summary by Sections 1. High-Quality Development as a New Requirement - The report discusses the significant changes in the real estate market, transitioning from a supply-demand imbalance to a potential oversupply situation, necessitating a focus on high-quality development [3][6]. - It outlines the central government's shift in policy from reducing leverage and total volume to stabilizing the real estate market and promoting quality [6][7]. 2. Understanding High-Quality Development - The report defines high-quality development as essential for meeting the people's aspirations for a better life, advancing modernization, and facilitating the transformation of the real estate industry [22][24]. - It presents three major significances, four key requirements, and six essential tasks for high-quality development [21][28]. 3. Policy Expectations for the 15th Five-Year Plan - The report anticipates that future policies will focus on risk prevention, quality improvement, and transformation in the development sector [62]. - It emphasizes the need for a balanced approach between short-term market stabilization and long-term structural reforms [36][60]. 4. Six Key Tasks for High-Quality Development - The report outlines six tasks: optimizing affordable housing supply, promoting sustainable market development, reforming development and financing systems, enhancing housing quality, improving property service quality, and establishing a safety management system for the entire lifecycle of housing [61][62].

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年12月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 越秀服務集團有限公司 呈交日期: 2026年1月7日 I. 法定/註冊股本變動 不適用 FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 增加已發行股份（不包括庫存股份）: 普通股 (AA1) 減少庫存股份: 普通股 (AA2) 本月內因行使期權所得資金總額： HKD 0 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | | 股份類別 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06626 | 說明 | 普通股 | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 1,502,212,177 | | | | 1,502,212,177 | | 增加 / ...

格隆汇12月31日丨越秀服务(06626.HK)公告，于2025年12月31日，公司与广州地铁订立2026年广州地铁 物业管理及增值服务框架协议，据此，集团可提供，而广州地铁服务接受方集团可购买广州地铁物业管 理及增值服务，期限自2026年1月1日(或所有先决条件获达成的有关较后日期)起至2028年12月31日止。 ...