广发证券指出，2025年下半年地产或将具备强拐点机会。从2023年定调缓和，到2024年"止跌回稳"，目 前市场价格表现再一次推进到了重大政策表态的临界点。市场交易表现大幅好转，回归消费性需 求，"好房子"也得到了认可。但资产价格下跌所导致的风险传导问题仍然存在，未来一年或将迎来本轮 地产下行期最重要的拐点窗口。 估值端来看，以央国企、优质房企为代表的龙头地产当前仍处估值低位。以地产ETF（159707）标的指 数为例，中证800地产指数最新PB估值仅为0.7倍，处近10年约13%分位点，估值低位特征明显，修复空 间或较大。行业集中度加速提升，头部房企有望凭借"好信用、好城市、好产品"策略展现韧性，建议持 续关注。 布局央国企及优质房企，建议重点关注地产ETF（159707）。资料显示，地产ETF（159707）跟踪中证 800地产指数，汇集市场13只头部优质房企，在投资方向上具有明显的头部集中度优势，前十大成份股 周四（7月10日），龙头地产板块久违大涨，代表A股龙头地产行情的中证800地产指数大涨超3%，成 份股全线飘红。其中，绿地控股涨停，新城控股涨超7%，衢州发展、滨江集团涨超5%，陆家嘴、招商 蛇口 ...

Core Points - The company announced a cash dividend of 1.10 yuan per share for the fiscal year 2024, approved at the annual shareholders' meeting on April 28, 2025 [2][4] - The total cash dividend distribution amounts to 1,108,010,787 yuan based on a total share capital of 1,007,282,534 shares [4] - The dividend will be distributed to all shareholders registered with the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the close of trading on the registration date [3] Distribution Details - The cash dividend will be distributed through the clearing system of the China Securities Depository and Clearing Corporation Limited, with shareholders able to receive their dividends at their designated securities firms on the payment date [5] - For individual shareholders holding shares for over one year, the dividend income is exempt from personal income tax, while those holding for one year or less will not have tax withheld at the time of distribution [8][9] - For Qualified Foreign Institutional Investors (QFIIs), a 10% withholding tax will apply, resulting in a net cash dividend of 0.99 yuan per share after tax [10] Tax Implications - Individual shareholders and securities investment funds will have their tax obligations calculated based on their holding period, with specific rates applied for different durations [9] - Hong Kong investors will also face a 10% withholding tax until further identification and holding period data can be provided [10] - Other institutional investors are responsible for their own tax obligations, with the gross cash dividend remaining at 1.10 yuan per share [10] Contact Information - For inquiries regarding the dividend distribution, shareholders can contact the board office of China International Trade Center Co., Ltd. at the provided phone number [11]

重要内容提示： 每股分配比例 A 股每股现金红利1.10元 相关日期 | | | | | 发放日 | | --- | --- | --- | --- | --- | | 股份类别 Ａ股 | 股权登记日 2025/6/25 | 最后交易日 － | 除权（息）日 2025/6/26 | 现金红利 2025/6/26 | 差异化分红送转： 否 证券代码：600007 证券简称：中国国贸 公告编号：2025-011 中国国际贸易中心股份有限公司 2024年年度权益分派实施公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 4 月 28 日的2024年年度股东大会审议通过。 二、 分配方案 1. 发放年度：2024年年度 2. 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 分配方案： 本次利润分配以方案实施前的公司总股本1,007,282,534 ...

证券研究报告 | 2025年06月18日 中国国贸（600007.SH） 优于大市 经营北京优质商业，盈利稳定穿越周期 公司坐拥首都核心地段商业地产。随着地产销售量价持续低迷，A 股房地产 开发商整体进入亏损状态，但房地产经营商业绩表现相对平稳。公司作为最 早上市的房地产经营企业之一，基于北京 CBD 国贸中心开展投资性物业出租 管理及酒店经营业务，控股股东持股比例保持 80.65%。经过四十余年的发展， 国贸中心已建设成为占地面积 17 万㎡、总建筑规模 112 万㎡、功能齐全的 现代化商务中心。2024 年，公司营业收入为 39 亿元，其中写字楼、商城、 公寓、酒店和其他业务的收入占比分别为 39%、33%、5%、13%、10%。 物业定位高端，经营优势明显。自 2020 年以来，公司各投资性物业可出租 面积并未发生增减，但写字楼收入基本平稳，而商城和公寓的收入稳中有升。 不同业务的收入变化主要源于各业务租金单价和出租率的趋势差异。写字楼 的租金单价和出租率均保持平稳状态，经营表现优于北京甲级写字楼整体， 主要得益于优质资产和经营能力的双重加持。商城定位重奢租金单价较高， 销售额排名全国前五，且出租率始终 ...

Core Points - The company announced a cash dividend of 1.10 RMB per share for its A shares, totaling 1,108,010,787 RMB to be distributed to shareholders [1][3][5] - The dividend distribution plan was approved at the annual shareholders' meeting held on April 28, 2025 [3][5] - Key dates for the dividend distribution include the record date on June 25, 2025, and the ex-dividend date on June 26, 2025 [3][4] Dividend Distribution Details - The total number of shares for the dividend calculation is 1,007,282,534 shares [3][5] - For individual shareholders holding shares for over one year, the dividend income is exempt from personal income tax, while those holding for one year or less will not have tax deducted at the time of distribution [5][6] - For Hong Kong investors, a 10% withholding tax will apply, resulting in a net dividend of 0.99 RMB per share after tax [6][7] Implementation Method - The cash dividends will be distributed through the China Securities Depository and Clearing Corporation Limited Shanghai Branch, with shareholders able to receive their dividends on the designated payment date [4][5] - Shareholders who have not completed designated transactions will have their dividends held by the clearing company until the transactions are completed [4][5] - The company will not withhold corporate income tax for institutional investors, who are responsible for their own tax obligations [7]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：600007 证券简称：中国国贸 公告编号：2025-010 中国国际贸易中心股份有限公司关于召开2024年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示： 二、说明会召开的时间、地点和方式 会议召开时间：2025年5月28日（星期三）10:00-11:00 会议召开地点：价值在线（www.ir-online.cn） 会议召开方式：网络文字互动方式 三、参加人员 ● 会议召开时间：2025年5月28日（星期三）10:00-11:00 ● 会议召开地点：价值在线（www.ir-online.cn） ● 会议召开方式：网络文字互动方式 ● 会议问题征集：投资者可于2025年5月27日前访问网址 https://eseb.cn/1ogPKKQ3zW0或使用微信扫描 下方小程序码进行会前提问，公司将通过本次业绩说明会，在信息披露允许范围内就投资者普遍关注的 问题进行回答。 ■ 一、说明会类型 公司已于2025年4月1日在《中国证券报》《上海证 ...

重要内容提示： 会 议 问 题 征 集 ： 投 资 者 可 于 2025 年 5 月 27 日 前 访 问 网 址 https://eseb.cn/1ogPKKQ3zW0 或使用微信扫描下方小程序码进行会前提问，公司 将通过本次业绩说明会，在信息披露允许范围内就投资者普遍关注的问题进行回 答。 一、说明会类型 证券代码：600007 证券简称：中国国贸 公告编号：2025-010 中国国际贸易中心股份有限公司 关于召开2024年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 会议召开时间：2025 年 5 月 28 日（星期三）10:00-11:00 会议召开地点：价值在线（www.ir-online.cn） 会议召开方式：网络文字互动方式 二、说明会召开的时间、地点和方式 会议召开时间：2025 年 5 月 28 日（星期三）10:00-11:00 会议召开地点：价值在线（www.ir-online.cn） 会议召开方式：网络文字互动方式 三、参加人员 公司总经理、副总经理、独立董事及董事会秘书。 投 资 ...

Group 1 - China International Trade (600007.SH) reported its Q1 2025 results, with 18 institutional investors holding a total of 870 million shares, representing 86.39% of the total share capital [1] - The top ten institutional investors collectively hold 86.33% of the shares, with a decrease of 1.10 percentage points compared to the previous quarter [1] Group 2 - In the public fund sector, seven funds increased their holdings, accounting for a 0.18% increase, including funds like the Low Volatility Dividend Index and others [2] - Two public funds decreased their holdings, showing a slight decline, while two new public funds were disclosed this period [2] - A total of 207 public funds were not disclosed this period, including various ETFs and mutual funds [2]

证券代码：600007 证券简称：中国国贸 编号：2025-009 中国国际贸易中心股份有限公司 2025 年第一季度房地产行业经营性信息简报 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 一、报告期内房地产储备情况 不适用。 二、报告期内房地产开发投资情况 不适用。 不适用。 四、报告期内房地产出租情况 | | | | | | | 金额单位：人民币元 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 地区 | 项目 | 经营 | 出租房地产 的建筑面积 | 出租房地产的 | 权益 比例 | 是否采 用公允 | 租金收入/ 房地产公允 | | | | 业态 | (平方米) | 租金收入 | （%） | 价值计 量模式 | 价值(%) | | | 中国 | 写字楼 | 356,248 | 360,259,336 | | | - | | 北京 | 国际 贸易 | 商城 | 180,460 | 309,120,856 | 100% | 否 | | | | 中心 | ...

Financial Performance - The company's operating revenue for Q1 2025 was RMB 950,096,879, a decrease of 3.29% compared to RMB 982,378,453 in the same period last year[4] - The net profit attributable to shareholders was RMB 311,496,694, down 7.45% from RMB 336,556,539 year-on-year[4] - The net profit after deducting non-recurring gains and losses was RMB 309,716,100, reflecting a decline of 7.75% compared to RMB 335,734,808 in the previous year[4] - Total revenue for Q1 2025 was $950.1 million, a decrease of 3.3% compared to Q1 2024's $982.4 million[22] - Net profit for Q1 2025 was $311.6 million, down 7.4% from $336.6 million in Q1 2024[22] - Operating profit for Q1 2025 was $413.5 million, a decline of 7.8% from $448.4 million in Q1 2024[22] - Earnings per share for Q1 2025 was $0.31, a decrease from $0.33 in Q1 2024[22] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 9.48% to RMB 489,656,922 from RMB 540,964,309 in the same period last year[4] - The net cash flow from operating activities for the consolidated entity in Q1 2025 was €489.66 million, a decrease of 9.5% compared to €540.96 million in Q1 2024[23] - Total cash inflow from operating activities decreased to €1.03 billion in Q1 2025 from €1.09 billion in Q1 2024, reflecting a decline of approximately 5.9%[23] - Cash outflow for purchasing goods and services was €148.62 million in Q1 2025, slightly down from €152.63 million in Q1 2024, indicating a reduction of about 2.0%[23] - The ending cash and cash equivalents balance for the consolidated entity was €4.23 billion in Q1 2025, down from €4.36 billion in Q1 2024, reflecting a decrease of approximately 3.0%[23] - Cash received from operating activities related to other income was €10.15 million in Q1 2025, down from €12.32 million in Q1 2024, a decline of about 17.6%[23] - The total cash outflow for employee payments was €191.70 million in Q1 2025, slightly up from €189.54 million in Q1 2024, indicating a marginal increase of 0.6%[23] - Cash flow from financing activities showed a net outflow of €9.91 million in Q1 2025, significantly lower than €61.19 million in Q1 2024, indicating a reduction in financing costs[23] Assets and Equity - The total assets at the end of the reporting period increased by 2.69% to RMB 12,655,468,104 from RMB 12,324,321,965 at the end of the previous year[4] - The company's total assets increased to $12.66 billion as of March 31, 2025, compared to $12.32 billion at the end of 2024, reflecting a growth of 2.7%[21] - The equity attributable to shareholders rose by 3.23% to RMB 9,964,576,801 from RMB 9,653,080,107 at the end of the previous year[4] - The company's equity attributable to shareholders reached $9.96 billion as of March 31, 2025, up from $9.65 billion at the end of 2024, indicating a growth of 3.2%[21] Non-Operating Income and Expenses - The company reported a significant increase in non-operating income, up 183.56%, primarily due to increased penalty income from tenants for early lease termination[7] - The investment income increased by 38.67%, mainly attributed to higher returns from investments in joint ventures[7] - The company experienced a 490.28% increase in non-operating expenses, primarily due to increased donation expenditures[8] Market and Operational Insights - The average rental income for office space in Beijing was RMB 627 per square meter per month, down from RMB 649 in the same period last year, with an occupancy rate of 92.7%[11] - The company reported a decrease in sales expenses to $21.9 million in Q1 2025 from $17.5 million in Q1 2024, reflecting a rise of 25.5%[22] - The company plans to focus on market expansion and new product development in the upcoming quarters[22]