| 证券代码：601588 | 证券简称：北辰实业 | | | 公告编号：临 | 2025-041 | | --- | --- | --- | --- | --- | --- | | 债券代码：188461 | 债券简称：21 | 北辰 | G1 | | | | 债券代码：185114 | 债券简称：21 | 北辰 | G2 | | | | 债券代码：185738 | 债券简称：22 | 北辰 | G1 | | | | 债券代码：254174 | 债券简称：24 | 北辰 | F1 | | | | 债券代码：258224 | 债券简称：25 | 北辰 | F1 | | | | 债券代码：258483 | 债券简称：25 | 北辰 | F2 | | | 北京北辰实业股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 本次投资者说明会以网络互动形式召开，公司将针对 2025 年第三季度的经 营成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的 范围内就投资者普遍关注的问题进行回答。 1 会议召开时间：2025 年 12 月 5 日（星期五）09:00-10:00 会议召开地点：上证路演 ...

Core Viewpoint - North China Industrial Co., Ltd. has experienced fluctuations in stock performance and financial metrics, indicating potential investment opportunities and challenges in the real estate sector [1][2]. Financial Performance - As of September 30, 2025, North China Industrial reported a revenue of 4.367 billion yuan, a year-on-year decrease of 7.70% [2]. - The company recorded a net profit attributable to shareholders of -2.174 billion yuan, reflecting a significant year-on-year decline of 134.22% [2]. - Cumulative cash dividends since the A-share listing amount to 3.098 billion yuan, with 67.34 million yuan distributed over the past three years [3]. Stock Performance - The stock price of North China Industrial increased by 11.83% year-to-date, with a 7.77% rise over the last five trading days, 10.05% over the last twenty days, and 14.29% over the last sixty days [1]. - As of November 14, the stock was trading at 2.08 yuan per share, with a market capitalization of 7.003 billion yuan [1]. Shareholder Structure - The number of shareholders decreased by 4.40% to 116,700 as of September 30, 2025 [2]. - The average circulating shares per person remained at 0 shares, unchanged from the previous period [2]. - Hong Kong Central Clearing Limited is the fourth-largest circulating shareholder, holding 31.516 million shares, an increase of 6.1408 million shares from the previous period [3].

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10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: 北京北辰實業股份有限公司(於中華人民共和國註冊成立的股份有限公司) 呈交日期: 2025年11月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | A股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 2,660,000,000 | RMB | | 1 RMB | | 2,660,000,000 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 2,660,000,000 | RMB | | 1 RMB | | 2,660,000,000 | ...

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10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: 北京北辰實業股份有限公司(於中華人民共和國註冊成立的股份有限公司) 呈交日期: 2025年11月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | A股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 2,660,000,000 | RMB | | 1 RMB | | 2,660,000,000 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 2,660,000,000 | RMB | | 1 RMB | | 2,660,000,000 | ...

Core Viewpoint - Beichen Real Estate, a state-owned enterprise, is facing significant challenges in its financial performance, with a notable decline in net profit and high debt levels compared to industry averages [2][3]. Group 1: Company Overview - Beichen Real Estate was established on October 9, 1998, and listed on the Shanghai Stock Exchange on October 16, 2006. It is headquartered in Beijing and operates primarily in the real estate and exhibition sectors, holding a leading position with a full industry chain advantage [1]. Group 2: Financial Performance - For Q3 2025, Beichen Real Estate reported a revenue of 4.367 billion yuan, ranking 20th out of 69 in the industry, significantly lower than the top competitors Poly Developments (173.722 billion yuan) and Vanke A (161.388 billion yuan). The revenue is above the industry median of 1.938 billion yuan but below the average of 11.727 billion yuan [2]. - The company's net profit for the same period was -2.331 billion yuan, ranking 62nd out of 69, which is substantially lower than Poly Developments' 6.515 billion yuan and *ST Zhongdi's 4.586 billion yuan. This figure is also worse than the industry average of -0.707 billion yuan and the median of -9.368 million yuan [2]. Group 3: Financial Ratios - As of Q3 2025, Beichen Real Estate's debt-to-asset ratio stood at 77.45%, an increase from 73.13% year-on-year, and higher than the industry average of 60.51%. The gross profit margin was reported at 24.64%, down from 29.24% year-on-year but still above the industry average of 19.19% [3]. Group 4: Executive Compensation - The chairman of Beichen Real Estate, Zhang Jie, received a salary of 74,500 yuan in 2024. The general manager, Liang Jie, earned 409,500 yuan in the same year [4]. Group 5: Shareholder Information - As of March 31, 2010, the number of A-share shareholders decreased by 2.89% to 388,100. The average number of circulating A-shares held per shareholder increased by 2.98% to 6,854.43. As of September 30, 2025, Hong Kong Central Clearing Limited was the fourth-largest shareholder, holding 31.516 million shares, an increase of 6.1408 million shares from the previous period [5].

Core Viewpoint - Beichen Real Estate (601588.SH) reported a year-on-year increase in operating revenue for Q3 2025, but faced significant net losses [1] Financial Performance - Operating revenue reached 1.348 billion yuan, representing a year-on-year increase of 3.57% [1] - Net profit attributable to shareholders was -588 million yuan [1] - Net profit attributable to shareholders after deducting non-recurring gains and losses was -601 million yuan [1]

Core Viewpoint - Beijing Beichen Industrial Co., Ltd. (00588) reported a significant decline in revenue and an increase in net loss for the first three quarters of 2025, indicating ongoing challenges in the real estate sector [1] Financial Performance - The company's operating revenue for the first three quarters of 2025 was approximately 4.367 billion yuan, a year-on-year decrease of 7.7% [1] - The net loss attributable to shareholders was about 2.174 billion yuan, which represents a year-on-year increase of approximately 134% [1] - Basic loss per share was 0.65 yuan [1] Real Estate Development - In terms of land reserves, the company did not acquire any new real estate reserves, maintaining a total land reserve of 3.5725 million square meters, with equity land reserves at 3.3258 million square meters [1] - The company achieved a construction area of 1.0939 million square meters, with no new construction area initiated and a completion area of 27,400 square meters [1] Sales Performance - The total sales area for the company was 210,400 square meters, showing a slight year-on-year decrease of 0.05% [1] - The equity sales area was 193,800 square meters, reflecting a year-on-year increase of 1.20% [1] - The sales amount was 2.782 billion yuan, down 5.53% year-on-year, while the equity sales amount was 2.557 billion yuan, also down 5.33% year-on-year [1] - The settlement area was 174,400 square meters, with a settlement amount of 1.949 billion yuan, and the amount pending transfer at the end of the reporting period was 116,000 square meters [1]

Core Insights - The company reported a revenue of approximately 4.367 billion RMB for the first three quarters of 2025, representing a year-on-year decrease of 7.7% [1] - The net loss attributable to shareholders was approximately 2.174 billion RMB, which is an increase of about 134% year-on-year [1] - The basic loss per share was 0.65 RMB [1] Real Estate Development - The company did not add any new real estate reserves, maintaining a total land reserve of 3.5725 million square meters, with an equity land reserve of 3.3258 million square meters [1] - In terms of construction, the company achieved a resumption of work on an area of 1.0939 million square meters, with no new construction area initiated and a completion area of 27,400 square meters [1] Sales Performance - The company recorded a sales area of 210,400 square meters, which is a slight decrease of 0.05% year-on-year [1] - The equity sales area was 193,800 square meters, reflecting a year-on-year increase of 1.20% [1] - The sales amount was 2.782 billion RMB, down 5.53% year-on-year, while the equity sales amount was 2.557 billion RMB, also down 5.33% year-on-year [1] - The settlement area was 174,400 square meters, with a settlement amount of 1.949 billion RMB, and the unrecognized transfer area at the end of the reporting period was 116,000 square meters [1]

Core Viewpoint - Beijing Beichen Industrial Co., Ltd. reported a revenue of approximately RMB 1.348 billion for Q3 2025, reflecting a year-on-year increase of 3.57% despite a net loss of about RMB 588 million and a basic earnings per share of -0.18 [1] Financial Performance - Revenue for the first three quarters amounted to approximately RMB 4.366 billion, representing a year-on-year decrease of 7.7% [1]

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，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 （股份代號：588） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條之披露要求而 作出。 以下刊載北京北辰實業股份有限公司（「本公司」）將於二零二五年十月三十一日在 上海證券交易所網頁(www.sse.com.cn)（股票代碼：601588）刊載的公告。以下公 告亦刊載於本公司網頁(www.beijingns.com.cn)。 承董事會命 北京北辰實業股份有限公司 張杰 主席 中國‧北京 二零二五年十月三十日 於本公告之日，董事會由八名董事組成，當中張杰先生、梁捷女士、楊華森先生、 張文雷女士及魏明乾先生為執行董事，而周永健博士、甘培忠先生及錢愛民女士 為獨立非執行董事。 | 证券代码：601588 | 证券简称：北辰实业 | | 公告编号：临 | 2025-040 | | --- | --- | --- | --- | --- | | 债券代码：188461 | 债券简称 ...