文｜时代财经App

yubolifangdichanyewudemeidezhiye，zouchudazhangxingqing。

6yue24ri，meidezhiye（03990.hk）gujiayilubaozhang，gaodianshixiangbishangyigejiaoyirifanbei。zuizhong，meidezhiyeshoubao6.37gangyuan/gu，meigushangzhang2.62gangyuan，zhangfugaoda69.87%。

qianyiriwanjian，meidezhiyefabuneibuzhongzugonggao，gongsijianyijiangfangdichankaifayewu（xiacheng“fangkaiyewu”）dequanyizhongzuzhisirengongsichiyou，youcizujiansirengongsijituan。tongguoshiwufenpaisirengongsigufendefangshi，jiangsirengongsijituancongmeidezhiyejituanboli。genjugonggao，sirengongsizhimeidejianye（ yingshuweijingqundao ）youxiangongsi（xiacheng“meidejianye”）。

jiezhigonggaoriqi，meidezhiyedekonggugudongshichuangshirenhexiangjiandeerxiludeyan，yongyou81.13%deyifaxinggufen，erhexiangjianshiludeyandeyizhixingdongren。

shidaicaijinglejiedao，2023nian，meidejianyeshixianweijingshenheshouru699yiyuan，zaimeidezhiyenianduzongshouruzhongdezhanbidadao94.97%；weijingshenheshuiqianjinglirun41yiyuan，xiangdangyuzhengtijinglirunde91.11%。

erbolilefangkaiyewudemeidezhiye（xiacheng“baoliujituan”），jiangshiyigeshouruguimojinyoushushiyideshangshigongsi。

剥离房开业务，上市主体“轻装上阵”

zhongzujishiwufenpaiwanchenghou，baoliujituandekonggugudongjiqichigubaochibubian，qizhong，jiangjixuyoukonggugudongchigu81.13%，qitagudongchigu18.87%。

meidejianyezeyoukonggugudonganzhaoqizaimeidezhiyeyuanyouchigubilijixuchiyou81.13%，konggugudongjiangzaicichigubilidejichushang，shougouhuoanpaiqiquanzifushugongsishougouweibeixuanzexianjindegudongjienadesuoyousirengongsigufen，yuxiagufenyouqitaxuanzeshiwufenpaidegudongchiyou。

zhideyitideshi，xuanzexianjindegudongchiyoudemeiyigugufenjiangkehuode5.90gangyuanxianjindaijia，gaijiagexiangbineibuzhongzugonggaoqiandezuihouyigejiaoyirishoupanjia3.75gangyuan/guyijiayue57.33%。

cicijiaoyiwanchenghou，meidejianyejituanzejiangjixuzhuyaocongshifangkaiyewu，baokuodanbuxianyuxiangmutouzihuodong，erbaoliujituandezhuyingyewujiangshengxiawuyeguanlifuwuyewu、shangyewuyejichanyeyuanyewu、fangdichankejiyewu、jianshexiangmuguanliyewu。

yufangkaiyewubiqilai，xianyouqitazhuyingyewudetiliangjiaoxiao。gonggaoxianshi，2023nian，jihuajinxingbolidemeidejianyeweijingshenheshouruwei699yiyuan，weijingshenheshuiqianjinglirunwei41yiyuan；erbaoliujituanshixianweijingshenhebeikaoshouruwei35yiyuan，duiyingdeweijingshenhebeikaoguimujinglirunwei3yiyuan。

jiezhi2023nian12yue31ri，meidezhiyefangdichankaifajixiaoshouyewu（bubaokuomeidezhiyechiyoujiyunyingdeshangyewuyehechanyeyuan）sheji319gewuyekaifaxiangmu，tudichubeidezongjianzhumianjiyue2650wanpingfangmi。

wuyeguanlifuwusuiweijinciyufangkaiyewudedierdayewu，danshouruguimoquebudaohouzhede3%。shidaicaijinglejiedao，2023nian，meidezhiyedewuyeguanlifuwuyewushixianshouru15.22yiyuan；jiezhi2023nian12yue31ri，meidezhiyezaizhongguo66gechengshifuwu385gewuyexiangmu，zongheyuejianzhumianjiyue9032wanpingfangmi，zaiguanmianji6535wanpingfangmi，disanfangzhanbi18%，feizhuzhaizhanbi12%。

fangkaiyewubeibolichushangshigongsitixihou，baoliujituanyouyikuodayewufanwei。genjugonggao，liuzaishangshigongsitixineidejianshexiangmuguanliyewu，muqiandeyewuneirongweixiangdifangzhengfujiguanlianfangmeidekonggujituantigongfuwu，baokuo（danbuxianyu）xianggongliyiyuanhexuexiaoyijiyongzuokangti、yiliaojibangongdengxiangguanyongtudegeleijianzhuhuojingyingchangsuotigonggongchengjiansheguanli、zhinengxitonganzhuangjiqitaxiangguanpeitaofuwu。

zhongzuwanchenghou，jianshexiangmuguanliyewudefuwufanweijiangtuozhanzhizhuzhaiwuyedejianshexiangmuguanli，baokuoweibolidefangkaiyewusuochiyoudewuyetigongfuwu。ciwai，baoliujituanhaijihuaduoyuanhuagaiyewudekehuqunti，tuozhandulidisanfangkehu。

qizhong，zhuzhaiwuyedejianshexiangmuguanlifuwuneirongzhuyaobaokuowuyekaifa、sheji、guihuajijianzao（lirujianduhekongzhixiangmujianshejieduanderenwuhehuodong，baokuozaijianloudongdejindu、chengben、zhiliangheanquanguanli）、xiaoshoujishichangtuiguang。

huanyanzhi，zhongzujishiwufenpaiwanchenghou，baoliujituanjiangchengweimeidejianyededaijiangongsi。

主动变革，仍看好房地产行业

jinguanjinjinianfangdichanchuyudiaozhengqi，danduiyumeidezhiyeeryan，fangkaiyewuyirannengweiqidailaipoweifenghoudeshouruhelirun。weihefangkaiyewuhaishizoushanglebeibolidedaolu？

genjugonggao，meidezhiyedongshirenwei，jianyifenpaidemudeshishigudongnenggoubianxianqizaimeidezhiyedetouzi，bingjianshaoqiyumeidezhiyegufenxiangguandefangkaiyewutouzifengxian，tongshishidemeidezhiyezhuanzhuyufazhanbaoliuyewu。

meidezhiyedongshijinyibuzhichu，gongsisuiranzai2023nianduweichijiankangdecaiwubilv，bingshefamanzu“sandaohongxian”deyaoqiu，danmeidezhiyerengxuchengdanchenzhongfudanjizhaiwuyizhichiqifangkaiyewu，erbafangkaiyewucongmeidezhiyeboli，jiangkejianshaomeidezhiyedefuzhaiheyufangkaiyewudezhongzichanshuxingxiangguandexinyongfengxian。

2023nianniandubaogaoxianshi，jiezhibaogaoqimo，meidezhiyezongxianjinjiyinxingcunkuanwei201.4yiyuan，qizhong，xianjinjixianjindengjiawuwei175.5yiyuan，yuandingdaoqiriweisangeyueyishangdedingqicunkuanwei5000wanyuan，shouxianzhixianjinwei25.4yiyuan。erjiezhibaogaoqimo，meidezhiyejingfuzhailvwei35.8%，xianjinduanzhaibi1.44，kouyuzichanfuzhailv67.3%，youxifuzhai380.7yiyuan。

ciwai，meidezhiyedongshirenweiqingzichanbaoliuyewuxiangduijiaogaodelirunlvbeifangkaiyewuxiangduijiaodidelirunlv chongjian，yincitouzizhenanyidanduduiqingzichanbaoliuyewujinxingguzhi，erzhongzujishiwufenpaihou，meidezhiyedegujiajianggenghaodifanyingbaoliuyewudejiazhi。

zaifangdichandediaozhengqi，meidezhiyebiaoxianwenjian，danzi2023nianyilai，gongsigujiayiranzaibodongzhongchixuxiatan。zaifabuneibuzhongzugonggaodezuihouyigejiaoyiri（2024nian6yue21ri），meidezhiyeshoubao3.75gangyuan/gu，duibi2023niandediyigejiaoyirigujia10.12gangyuan/gu（zhu：2023nian1yue3ri，qianfuquan），diequle62.94%。

buguo，meidezhiyenijiangfangkaiyewujinxingneibuzhongzu，zhiruyoukonggugudonghexiangjianjiazukonggudesirengongsi，bingbuyiweizhefangdichanbubeikanhao。julejiemeidezhiyerenshixiaoxi，“zheicizhongzushimeidetixideyicizhudongbiange，shiduixinchangtaixiafangdichanyewuzhuanxingjinxingdetansuo，jijichangshizhongzichannadiyukaifayunyingfenlidefangdichanjingyingmoshi，rangtudihuiguiziben、kaifahuiguinengli。meidezhiyehemeidekongguduizheigexingyehaishiyouxinxinde，tamenyehuijixujianshouzaizheigexingyeli”。

shangshurenshibuchongdao，ruguozhongzudeyishunlishishi，fangdichankaifayewudenadiguimokeyigengzhijiedijiezhukonggugudongdezijinshili，congerdadaotuozhankongjiandemude。shangshigongsicaopanfangdichanxiangmuzewuxushouzhiyuzishendezijinguimo，canyudefangdichankaifaguimojiangkeyizuodegengduo。

jinnianyilai，youjihuabolifangdichanyewudeshangshigongsibuzhimeidezhiye。3yue，“ningbodichanyige”shanzigufen（xianming“shanzigaoke”）xuanbu，gongsinitongguochanquanjiaoyijigougongkaiguapaizhuanrangfangdichanyewuxiangguanguquanhezhaiquanzichan，jiangquanmiantuichufangdichanyewu，jizhongjingliheziyuanjujiaoweiraoyizhengchezhizaoweihexindeqichechanyeshengtai，jiakuaixianggaokejigongsizhuanxing。

4yue26ri，laopaifangqihuayuangufenfabuguanyuchouhuazhongdazichanchushoujiguanlianjiaoyidetishixinggonggao。gonggaoxianshi，huayuandichanjihuajianggongsichiyoudefangdichankaifayewuxiangguanzichanjifuzhaizhuanrangzhikonggugudongbeijingshihuayuanjituanyouxiangongsi，erjiaoyiwanchengzhihou，huayuandichanjiangjujiaoyudaijian、jiudianjingying、zichanguanliyuyunying、wuyeguanli、chengshiyunyingfuwudengyewu，shixianyewudezhanlvezhuanxing。

zhongzhiyanjiuyuanqiyeyanjiuzongjianliushuizhichu，fangqigoujianxinfazhanmoshijianggengjiacezhongqingzichanyunyingguanliyewu，youzhuyushangshigongsizaicaiwufangmian“qingzhuangshangzhen”，“zhongzichankaifayewubolizhuanrang，qiduiyingdezichanjifuzhaiyetongshizhuanrang，nengjiangdiqiyedegangganlvjifuzhaishuiping，jianqingchangzhaiyali，zengqiangkangfengxiannengli，zhulichuanyuezhouqi”。