大中华区2025年第二季度物业摘要

jll.com© 20240304050607080910111314151617181920212223242627282930313233353637384041424345464748492© 2025•••2025202530.170%MCN2025 21%29%/22.3%170.5115.81.554.720251.5 | 202532025245,4585.0%0.41.530.7%27.60.8%3.1%2.9%6188.5%24.9%10%21206.927.5%61.0%4050%2110.5%0.3A8.4%1.1B10.8%C0.112.1%12212.8%/2025218002025202620272028© 2025 | 2025•••4202521190179202517940202525%10%2026© 2025 | 2025•••520252025570.55LPR103.5%2520253.610.4%20252.219.6%1.615.5%20253.83.7%20242020252050703.4%4114013.8%1639300.7%202560.3%0.10.4%0.3%0.5%0.6%0.2%0.3%202511.6%13.6%3.6%2025730© 2025••• | 20256研究部专题文章2025 — 2025IPZ— Pop Mart22024502025100ZIPIP2025IP© 20251202522019-20257IP = IPJellycatZ0204060801001202019年2020年2021年2022年2023年2024年2025年预测销售额（亿元人民币）研究部专题文章20243D20%202450%+---2025213.5%202450.3%© 2025128研究部专题文章© 20259研究部专题文章202514.8%1622018202293%-96%80%562022-20242025-202729880%83%© 202512021-2024210研究部专题文章1202422022-2024+201920241006620240.75%2019 -20242022 - 202474%85%202430%2022 -202412YTD© 2025•••(YTD)68,315 (YTD)0 12.0%252-18.8%-3%0%3%6%9%12%15%18%-20020406080100120201920202021202220232024YTD2025YTDCBD | 202513••413,700• | 202557,30074,2000.216.9%413,7001.831.0%2.4%6.9//2.7%4.5//(YTD)148,400 (YTD)593,700 24.6%169.8-13.0%0%5%10%15%20%25%05010015020020202021202220232024YTD 2025© 2025YTDYTD14© 2025•TMT•2.9• | 20251.4“”1277.5(YTD)78,600 (YTD)449,000 23.8%144.0-11.0%0%5%10%15%20%25%020406080100201920202021202220232024YTD2025YTDYTD15YTD© 2025••• | 202520251,000371-21.326.5%3.1%12120(YTD)182,400 (YTD)644,600 26.5%135 -10.6%0%10%20%30%010020030020202021202220232024YTD 2025YTD16YTD© 2025•••2.0 | 20252025JFC2932.8%0.828.1%5.421.235%12.3%22.3%20.9%16.7%2025870%66.1//2.0%(YTD)32,424 (YTD)177,700 32.8%66.1 -11.6%0%10%20%30%40%020406080201920202021202220232024YTD2025YTD17YTD© 2025••• | 2025202521%19%2025T510.86996.9334.52.265.2%62.069.0202540YTD(YTD)36,871(YTD)181,000 40.0%69.0-14.7%0%10%20%30%40%50%0102030405020202021202220232024YTD 202518YTD© 2025| 202520252.035.5%1.1%80.1 //0.22025(YTD)17,960 (YTD)77,000 35.5%80.1 -6.1%0%10%20%30%40%50%01020304050201920202021202220232024YTD2025YTD•••0.21.1%80.1 //19YTD© 2025••• | 2025202520,84324.1%0.420,26927.6%0.229%15%14%/202561.3%1.4%20251068.4IFC(YTD)35,000 (YTD)9,000 24.1%120-5.0%0%5%10%15%20%25%30%0102030405060201920202021202220232024YTD2025YTD20YTD© 2025••2025• | 20252.61.870%100014. 45421.527.4%2.835.2%2790.319.2%202560.83.22.51. 02.90.9202521(YTD)51,900 (YTD)227,700 35.2%96.8 -5.4%0%10%20%30%40%50%01020304050201920202021202220232024YTD2025YTD21YTD© 2025••• | 202520251.112.6ABCD3.336.1%66//1.7%8.0%97//2.1%8.3%1510+1’4+4+2’(YTD)11,100 (YTD)126,000 36.1%65.9 -8.0%0%10%20%30%40%020406080201920202021202220232024YTD2025YTD22YTD© 2025••• | 2025(YTD)130,700(YTD)462,70013.6%46.5 -7.3%YTD23-10%-5%0%5%10%15%-4-20246201920202021202220232024YTD2025YTD© 2025•••A0.63% | 202520257,02047%20048%6,3001.2%28,0002025()0.07%0.63%3,1963,2160%5%10%15%20%0510152020202021202220232024YTD 2025YTD24(YTD)36,000 (YTD)31,000 6.7%1,5550.6%25YTD© 2025••• | 2025(YTD)244