证券代码：600007 证券简称：中国国贸 公告编号：2025-017 本次会议是否有否决议案：无 一、 会议召开和出席情况 中国国际贸易中心股份有限公司 2025年第一次临时股东会决议公告 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： (一)股东会召开的时间：2025 年 11 月 7 日 (二)股东会召开的地点：北京市朝阳区建国门外大街 1 号中国国际贸易中心国贸 大厦 A 座 7 层多功能厅 (四)表决方式是否符合《公司法》及《公司章程》的规定，股东会主持情况等。 本次股东大会由公司董事会召集，公司董事长黄国祥先生主持。会议采用现 场投票和网络投票相结合的方式进行表决，符合《公司法》及《中国国际贸易中 心股份有限公司章程》的规定。 (五)公司董事、监事和董事会秘书的出席情况 1、公司在任董事12人，出席7人。公司董事长黄国祥先生、副董事长吴相仁先生、 董事邢诒鋕先生、独立董事李朝鲜先生、张祖同先生、张学兵先生及梁伟立 先生出席会议；执行董事盛秋平先生及郭惠光女士、董事郎宽女士、黄小抗 1 (三)出席会议 ...

中国国际贸易中心股份有限公司 九届十八次董事会会议决议公告 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个别及连带责任。 证券代码：600007 证券简称：中国国贸 公告编号：2025-018 会议以 12 票赞成，0 票反对，0 票弃权，选举赵汝泉先生为公司第九届董事会 董事长、执行董事及薪酬委员会委员，并同意赵汝泉先生接替黄国祥先生担任饭店 政策执行委员会委员。 特此公告。 中国国际贸易中心股份有限公司 董事会 2025 年 11 月 7 日 1 中国国际贸易中心股份有限公司（以下简称"公司"）于 2025 年 11 月 7 日以 通讯表决方式召开九届十八次董事会会议。 本次董事会会议应出席董事 12 名，实际出席董事 12 名。会议出席人数符合《公 司法》和《中国国际贸易中心股份有限公司章程》的有关规定，本次会议及所作决 议合法有效。 ...

Core Points - The company announced that Mr. Huang Guoxiang will no longer serve as a director, and Mr. Zhao Ruquan has been proposed as a candidate to replace him [1] - The first extraordinary general meeting of shareholders for 2025 was held on November 7, 2025, where the proposal regarding the change in directorship was approved [1] - Following the shareholder meeting, the 18th meeting of the 9th board of directors was convened on the same day, resulting in the election of Mr. Zhao Ruquan as the chairman of the 9th board of directors, executive director, and member of the compensation committee [1]

Investment Rating - The report maintains a "Recommended" rating for the company [4][6]. Core Views - The company's revenue and net profit have slightly declined, with a year-on-year revenue decrease of 4.39% to 2.821 billion yuan and a net profit decrease of 7.69% to 940 million yuan as of Q3 2025, primarily due to lower average rents and occupancy rates in office buildings and shopping malls [1][2]. - Despite the pressure on rental income and occupancy rates, the company's performance remains better than the overall market in Beijing [2]. - The hotel industry is facing operational pressures, but recent government guidelines aimed at promoting high-quality development in the accommodation sector may provide a positive outlook for recovery [3]. Summary by Sections Revenue and Profitability - As of Q3 2025, the company achieved a revenue of 28.21 billion yuan, down 4.39% year-on-year, and a net profit of 9.40 billion yuan, down 7.69% year-on-year [1]. - The increase in marketing and management expenses contributed to the decline in net profit, with sales expenses rising by 7.15% and management expenses by 2.11% [1]. Rental Performance - The average rents for the company's office buildings, shopping malls, and apartments as of Q3 2025 were 613 yuan, 1308 yuan, and 363 yuan per square meter per month, respectively, showing declines of 4.96%, 2.02%, and 1.09% compared to the same period in 2024 [2]. - The average occupancy rates for these properties were 92.3%, 95.5%, and 90.4%, with slight declines in office and shopping mall occupancy rates, while apartment occupancy increased by 1.1 percentage points [2]. Future Projections - The company is expected to achieve revenues of 39.36 billion yuan, 40.07 billion yuan, and 40.90 billion yuan for the years 2025 to 2027, reflecting growth rates of 0.6%, 1.8%, and 2.1% respectively [4]. - The projected net profits for the same period are 12.90 billion yuan, 13.47 billion yuan, and 14.04 billion yuan, with growth rates of 2.2%, 4.4%, and 4.3% respectively [4].

审议黄国祥先生不再担任公司第九届董事会董事的议案 中国国际贸易中心股份有限公司 2025 年第一次临时股东大会 会议文件 （会议召开时间：2025 年 11 月 7 日） 1 中国国际贸易中心股份有限公司 2025 年第一次临时股东大会议案目录 2 一、 审议黄国祥先生不再担任公司第九届董事会董事的议案 二、 审议选举赵汝泉先生担任公司第九届董事会董事的议案 议案一 公司于 2025 年 10 月 22 日召开九届十六次董事会会议，审议同意将公司控 股股东中国国际贸易中心有限公司提出的"黄国祥先生不再担任公司董事"的提 案，提交公司 2025 年第一次临时股东大会审议表决。 公司九届十六次董事会会议决议公告，已于 2025 年 10 月 23 日在《中国证 券报》、《上海证券报》及上海证券交易所网站（www.sse.com.cn）披露，敬请查 阅。 3 议案二 审议选举赵汝泉先生担任公司第九届董事会董事的议案 公司于 2025 年 10 月 22 日召开九届十六次董事会会议，审议同意将公司控 股股东中国国际贸易中心有限公司提出的 "赵汝泉先生为公司董事候选人，经 公司股东大会审议通过后接替黄国祥先生担任公司董 ...

Core Viewpoint - China International Trade Center (CITC) is a leading player in the commercial real estate sector, focusing on high-end office buildings and shopping malls, leveraging its prime location and luxury positioning for competitive differentiation [1] Business Performance - In Q3 2025, CITC achieved a revenue of 2.821 billion yuan, ranking 7th in the industry, significantly lower than the top player, China Merchants Shekou, which reported 89.766 billion yuan [2] - The main business revenue composition includes property leasing and management income of 1.652 billion yuan (87.41%) and hotel operation income of 238 million yuan (12.59%) [2] - The net profit for the same period was 941 million yuan, placing CITC 4th in the industry, again lower than the leading companies [2] Financial Health - As of Q3 2025, CITC's debt-to-asset ratio was 17.54%, down from 22.35% year-on-year, significantly lower than the industry average of 68.96%, indicating strong debt repayment capability [3] - The gross profit margin was 59.13%, slightly down from 60.51% year-on-year but still well above the industry average of 22.73%, reflecting robust profitability [3] Management and Shareholder Structure - The total compensation for General Manager Zhi Luxun increased to 4.44 million yuan in 2024, up by 420,000 yuan from 2023 [4] - As of September 30, 2025, the number of A-share shareholders decreased by 4.71% to 15,600, while the average number of circulating A-shares held per shareholder increased by 4.94% to 64,700 [5] Operational Insights - According to Southwest Securities, CITC's H1 2025 performance faced pressure but showed stable operations, with office business revenue of 730 million yuan and an average occupancy rate of 92.4% [6] - The shopping mall business generated 640 million yuan with a high occupancy rate of 95.3%, supported by its luxury positioning and prime location [6] - Hotel business showed a noticeable decline, while the apartment business remained stable [6] Future Projections - Estimates suggest that CITC's net profit attributable to shareholders will reach 1.3 billion yuan in 2025, with slight growth in subsequent years [6] - Guotai Junan Securities projects EPS for 2025 and 2026 to be 1.29 yuan and 1.34 yuan, respectively, with a target price of 25.78 yuan based on a 20X PE ratio [6]

Core Insights - China International Trade (600007.SH) reported a total operating revenue of 2.821 billion yuan for the first three quarters of 2025, representing a year-on-year decline of 4.39% [1] - The net profit attributable to shareholders of the parent company was 940 million yuan, down 7.69% year-on-year [1] - The basic earnings per share stood at 0.93 yuan [1]

证券代码：600007 证券简称：中国国贸 编号：2025-016 中国国际贸易中心股份有限公司 2025 第三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 特此公告。 1 金额单位：人民币元 地区 项目 经营 业态 出租房地产 的建筑面积 (平方米) 出租房地产的 租金收入 权益 比例 （%） 是否采用 公允价值 计量模式 租金收入/ 房地产公 允价值(%) 北京 中国 国际 贸易 中心 写字楼 356,248 1,050,453,784 商城 180,460 904,456,869 100% 否 - 公寓 80,124 140,618,588 中国国际贸易中心股份有限公司 董事会 不适用。 二、报告期内房地产开发投资情况 不适用。 三、报告期内房地产销售和结转情况 不适用。 四、报告期内房地产出租情况 2025 年 10 月 30 日 2 ...

Financial Performance - The company's operating revenue for Q3 2025 was RMB 931,306,796, a decrease of 5.47% compared to the same period last year[5] - The total profit for Q3 2025 was RMB 410,895,930, reflecting a decline of 7.00% year-over-year[5] - Net profit attributable to shareholders for Q3 2025 was RMB 307,955,577, down 6.98% from the previous year[5] - The basic earnings per share for Q3 2025 was RMB 0.31, a decrease of 6.98% compared to the same period last year[5] - For the nine months ended September 30, 2025, the company's total revenue was approximately ¥2.82 billion, a decrease of 4.4% compared to ¥2.95 billion for the same period in 2024[23] - The company's net profit for the same period was approximately ¥940.88 million, down 7.7% from ¥1.02 billion in 2024[23] - The basic and diluted earnings per share for the nine months ended September 30, 2025, were ¥0.93, compared to ¥1.01 for the same period in 2024[23] - Total operating revenue for the first nine months of 2025 was RMB 2,592,273,787, a decrease of 4.6% compared to RMB 2,717,969,808 in the same period of 2024[24] - Net profit for the first nine months of 2025 was RMB 934,470,542, down 7.2% from RMB 1,007,139,860 in the first nine months of 2024[24] - Operating profit for Q3 2025 was RMB 405,607,365, a decrease of 7.6% compared to RMB 439,178,115 in Q3 2024[24] - The total profit for the first nine months of 2025 was RMB 1,244,150,322, a decrease of 7.3% from RMB 1,342,469,371 in the same period of 2024[24] Assets and Liabilities - The total assets at the end of Q3 2025 amounted to RMB 11,509,931,411, representing a decrease of 6.61% from the end of the previous year[5] - The total assets of the company as of September 30, 2025, were approximately ¥11.51 billion, a decrease from ¥12.32 billion as of December 31, 2024[22] - The total liabilities of the company as of September 30, 2025, were approximately ¥2.02 billion, down from ¥2.67 billion as of December 31, 2024[22] - The company's total non-current assets as of September 30, 2025, were approximately ¥7.77 billion, a decrease from ¥8.05 billion as of December 31, 2024[22] - The company's total equity as of September 30, 2025, was approximately ¥9.49 billion, down from ¥9.66 billion as of December 31, 2024[22] Cash Flow - The net cash flow from operating activities for the year-to-date period was RMB 1,358,244,425, down 9.12% year-over-year[5] - Cash flow from operating activities for the first nine months of 2025 was RMB 1,358,244,425, a decrease of 9.1% from RMB 1,494,548,741 in the same period of 2024[25] - Total cash and cash equivalents at the end of Q3 2025 were RMB 3,257,394,813, down from RMB 3,497,774,198 at the end of Q3 2024[25] - The company's cash and cash equivalents as of September 30, 2025, were approximately ¥3.47 billion, compared to ¥3.99 billion as of December 31, 2024[22] Shareholder Information - The company reported a total of 15,579 common shareholders at the end of the reporting period[13] - The largest shareholder, China International Trade Center Co., Ltd., holds 80.65% of the shares[13] Rental Income - The average rental income for the Beijing International Trade Center's office space was RMB 613 per square meter per month, with an occupancy rate of 92.3%[11] - The average rental income for the shopping mall was RMB 1,308 per square meter per month, with an occupancy rate of 95.5%[11] Investment Income - The company's investment income for the nine months ended September 30, 2025, was approximately ¥3.49 million, an increase from ¥2.55 million in 2024[23] - The company reported investment income of RMB 5,431,203 for the first nine months of 2025, compared to RMB 1,349,533 in the same period of 2024[24] Financial Expenses - The company incurred financial expenses of RMB 1,598,603 in the first nine months of 2025, significantly lower than RMB 15,231,898 in the same period of 2024[24] - The company paid RMB 1,128,005,544 in dividends and interest during the first nine months of 2025, compared to RMB 1,354,512,044 in the same period of 2024[25]

Core Insights - The company reported a third-quarter revenue of 931 million yuan, representing a decline of 5.47% [1] - The net profit for the third quarter was 308 million yuan, down 6.98% [1] - For the first three quarters, the total revenue was 2.821 billion yuan, a decrease of 4.39% [1] - The net profit for the first three quarters amounted to 940 million yuan, reflecting a decline of 7.69% [1]