Tianjin Tianbao Infrastructure Co Ltd

On the morning of August 31, the real estate sector strengthened at one point. Tefa Information Service touched a 20 percent daily limit-up, while Yukaifa, Tianbao Infrastructure, and World Union Properties were among several stocks that touched 10 percent limit-ups during the session. 5i5j, whose share price has been climbing recently, opened at a one-word limit-up, with buy orders at the top of the order book once exceeding 5 million lots, securing its third limit-up in five days. Earlier, 5i5j's 2026 semi-annual report showed that, driven by significant growth in second-hand home transaction volumes and market share in core cities, first-half revenue reached 4.702 billion yuan, down 16.90 percent year on year, while net profit attributable to the parent company was 80.79 million yuan, up 110.39 percent year on year. In terms of news, on August 28, the Ministry of Housing and Urban-Rural Development, the Ministry of Natural Resources, and the National Financial Regulatory Administration jointly issued a notice on improving the commercial housing sales system. The People's Bank of China and the National Financial Regulatory Administration jointly issued opinions on reforming and improving real estate credit management to accelerate the construction of a new development model for real estate. On the same day, the China Securities Regulatory Commission released opinions on capital market support for building a new development model for real estate. Kaiyuan Securities believes that after this policy release, the industry will shift from selling "futures" to selling "spot" properties, and future competition among developers will focus on product strength and financing capability.