证券代码：600007 证券简称：中国国贸 编号：2025-003 中国国际贸易中心股份有限公司 2024 年年度利润分配方案公告 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。 重要内容提示： 每股分配比例 在实施权益分派的股权登记日前公司总股本发生变动的，拟维持每股 分配比例不变，相应调整分配总额，并将另行公告具体调整情况。 本次利润分配不触及《上海证券交易所股票上市规则（2024 年 4 月修 订）》第 9.8.1 条第一款第（八）项规定的可能被实施其他风险警示的情形 一、利润分配方案内容 经德勤华永会计师事务所（特殊普通合伙）审计，2024 年 12 月 31 日，公 司未分配利润为 6,185,261,337 元。公司 2024 年年度拟以实施权益分派股权登 记日登记的总股本为基数分配利润。本次利润分配方案如下： 公司拟向全体股东每 10 股派发现金红利 11.00 元（含税）。截至 2024 年 12 月 31 日，公司总股本 1,007,282,534 股，以此计算合计拟派发现金红利 1,108,010,7 ...

Financial Performance - The company's operating revenue for 2024 was 3,442.28 million RMB, a decrease of 1.05% compared to 2023[15]. - The net profit attributable to shareholders for 2024 was 1,115.87 million RMB, an increase of 0.25% year-on-year[15]. - The basic earnings per share for 2024 was 1.11 RMB, reflecting a growth of 0.25% from the previous year[16]. - The weighted average return on equity for 2024 was 12.70%, a decrease of 0.18 percentage points compared to 2023[17]. - The net cash flow from operating activities decreased by 6.38% to approximately RMB 1.80 billion in 2024, down from RMB 1.92 billion in 2023[46]. - Total assets at the end of 2024 were approximately RMB 12.32 billion, a decrease of 4.32% from RMB 12.88 billion at the end of 2023[47]. - The total profit reached RMB 1.68 billion, an increase of RMB 0.05 billion or 0.29% from the previous year[78]. - The company achieved operating revenue of RMB 3.91 billion, a decrease of RMB 0.42 billion or 1.05% compared to the previous year[78]. - The company’s financial expenses decreased by 73.46%, primarily due to increased bank deposit interest income and reduced interest expenses from long-term loans[94]. Asset and Liability Management - The company's debt-to-asset ratio for 2024 was 21.63%, a decrease from 24.67% in 2023[29]. - The company reported a total of 427,770 million RMB in current assets and 804,662 million RMB in long-term assets as of December 31, 2024[28]. - Cash and cash equivalents decreased by 2.51% to RMB 3,986,106,599, representing 32.34% of total assets[99]. - Accounts receivable decreased by 13.87% to RMB 222,388,649, accounting for 1.80% of total assets[99]. - Long-term borrowings remained stable at RMB 1,085,000,000, with an interest rate of 3.55%[110]. - The company repaid RMB 440,000,000 of bonds and RMB 50,000,000 of bank loans, leading to a 99.34% decrease in current non-current liabilities[99]. Market Conditions - The company faced a challenging office market in Beijing, with weak demand leading to a decline in rental levels and high vacancy rates[58]. - The commercial property market showed signs of differentiation, with rental levels stabilizing but facing downward pressure due to changing consumer behavior and increased supply[59]. - The company expects continued pressure on the office market in Beijing, with rental rates likely to decline further in 2025 due to insufficient demand and high vacancy rates[122]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of 11.00 RMB per 10 shares, totaling 1,108.01 million RMB, which represents 88% of the net profit attributable to shareholders[7]. - The company plans to distribute a cash dividend of 8.00 yuan per 10 shares and a special dividend of 5.00 yuan per 10 shares, totaling 13.00 yuan per 10 shares for the 2023 fiscal year[195]. - The company has a cash dividend policy that mandates a minimum distribution of 30% of the net profit to shareholders annually, ensuring stability and continuity[191]. Operational Strategies - The company successfully achieved its annual operational goals by adopting flexible strategies and improving service standards amidst market challenges[60]. - The company plans to implement strategies to stabilize core tenants and attract high-value potential clients, including innovative products like "prefabricated move-in packages" to optimize tenant structure[128]. - The company aims to enhance its management and service levels by fully promoting an ESG framework and conducting regular customer satisfaction surveys[129]. - The company will focus on digital transformation, ensuring standardized and professional system development while building a unified data platform to eliminate data silos[129]. Sustainability and Certifications - The company has received multiple green health certifications, including WELL Platinum certification for the China World Trade Center B Tower and the China World Mall in 2024[65]. - The China World Trade Center A Tower has achieved both LEED Platinum and WELL Platinum certifications, showcasing its commitment to sustainability[66]. - The company actively promotes a healthy and sustainable development operation philosophy, enhancing tenant and employee well-being[64]. Governance and Compliance - The company strictly adheres to legal regulations and has established a comprehensive corporate governance structure, ensuring clear responsibilities among the shareholders, board of directors, supervisory board, and management[137]. - The company has no significant differences in governance compared to the regulations set by the China Securities Regulatory Commission[139]. - The company has established internal management systems to ensure compliance with laws regarding investor relations and related transactions[137]. - The independent directors fulfilled their duties and played their expected roles effectively[198]. - Minority shareholders had sufficient opportunities to express their opinions and demands, and their legal rights were adequately protected[198]. Management and Personnel - The total number of directors, supervisors, and senior management is 8, reflecting a streamlined governance structure[148]. - The current management team has extensive experience in investment, asset management, and large-scale project development, with backgrounds from prestigious institutions[151]. - The company reported a total of 1,794 employees, with 1,115 in the parent company and 679 in major subsidiaries[185]. - The company has a structured employee training program that combines internal and external training methods to enhance employee skills[189]. - The company’s remuneration policy includes base salary, bonuses, and social insurance contributions, adjusted annually based on market conditions[187].

Financial Performance - Total operating revenue for 2024 was 391.21 million RMB, a decrease of 1.05% compared to the previous year[4] - Operating profit for the period was 167.23 million RMB, showing a slight decrease of 0.01% year-on-year[4] - Total profit amounted to 168.51 million RMB, reflecting a 0.29% increase from the previous year[4] - Net profit attributable to shareholders was 126.24 million RMB, up by 0.25% compared to the same period last year[4] - Basic earnings per share remained stable at 1.25 RMB, with a slight increase of 0.25%[4] Asset and Equity Changes - The company's total assets decreased by 4.32% to 1,232.43 million RMB from the beginning of the period[4] - The equity attributable to shareholders decreased by 0.49% to 965.31 million RMB[4] Revenue Decline Factors - The decline in operating revenue was primarily due to a decrease in income from office buildings and hotels[5] Return on Assets - The weighted average return on net assets was 13.35%, down from 13.53% in the previous year[4] Financial Data Caution - The financial data presented is preliminary and has not been audited, cautioning investors about potential risks[6]

法律意见书 北京市朝阳区朝阳门南大街 10 号兆泰国际中心 B 座 16-21 层 大成证字[2024]ZGGM 第 1115 号 16-21F, Tower B, ZT International Center, No.10, Chaoyangmen Nandajie, Chaoyang Dist. Beijing100020, China Tel: 8610-58137799 Fax: 8610-58137766 www.dentons.com 北京大成律师事务所 关 于 中国国际 贸易中心 股份有限公司 2024 年 第 二 次临时 股东大会的 北京大成律师事务所 关于中国国际贸易中心股份有限公司 2024 年第二次临时股东大会的法律意见书 大成证字[2024]ZGGM 第 1115 号 致：中国国际贸易中心股份有限公司 根据《中华人民共和国证券法》（以下简称"《证券法》"）、《中华人民共和国 公司法》（以下简称"《公司法》"）和中国证券监督管理委员会《上市公司股东大 会规则（2022 年修订）》（以下简称"《股东大会规则》"）等相关法律、法规和规 范性文件的要求，北京大成律师事务所（以下简称"本所"） ...

证券代码：600007 证券简称：中国国贸 公告编号：2024-026 中国国际贸易中心股份有限公司 2024 年第二次临时股东大会决议公告 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： 本次会议是否有否决议案：无 一、会议召开和出席情况 二、议案审议情况 (一)股东大会召开的时间：2024 年 11 月 15 日 (二)股东大会召开的地点：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，大会主持情况等。 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、董事郎宽女士及邢诒鋕先生、独立董事李朝鲜先生、张祖同先生及梁伟 1 (三)出席会议的普通股股东和恢复表决权的优先股股东及其 ...

证券代码：600007 证券简称：中国国贸 公告编号：2024-025 中国国际贸易中心股份有限公司 关于召开2024年第三季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： 会议问题征集： 投 资 者 可 于 2024 年 11 月 20 日 前 访 问 网 址 https://eseb.cn/1jg7BFlcJQA 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 2024 年 10 月 31 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）披露了公司 2024 年第三季度报告。为便于广大 投资者更加全面深入地了解公司 2024 年前三季度经营成果、财务状况，公司定 于 2024 年 11 月 20 日（星期三）10:00-11:00 在"价值在线"（www.ir-online.cn） 举办公司 2024 年第三季度业绩说明会，与投资者进行沟通和交流，听 ...

Investment Rating - The report maintains an "Outperform" rating for China World Trade Center (600007) [2] Core Views - Revenue remains flat while profits grow steadily: In the first 9 months of 2024, the company achieved revenue of 2.95 billion yuan, a slight increase of 0.02% YoY, and net profit attributable to the parent company of 1.019 billion yuan, up 1.63% YoY [6] - Office rental rates increased while occupancy rates were affected by tenant turnover: Average office rent rose to 645 yuan/sq.m/month, up 8 yuan YoY, while occupancy rate dropped 3 percentage points to 93.2% [6] - Mall rental rates continued to rise while apartment occupancy improved significantly: Average mall rent increased to 1,335 yuan/sq.m/month, up 64 yuan YoY, while apartment occupancy rate improved by 4.9 percentage points to 89.3% [7] Financial Performance - Gross margin improved to 60.51% in 1-9M 2024, up 0.17 percentage points YoY [6] - Three expense ratio decreased to 5.39%, down 0.70 percentage points YoY [6] - Total assets stood at 12.12 billion yuan as of September 2024, down 4.61% YoY [10] - Operating cash flow was 1.495 billion yuan in 1-9M 2024, down 7.09% YoY [10] Business Segments - Office segment: 356,200 sq.m leased, generating 1.121 billion yuan in rental income [7] - Mall segment: 180,500 sq.m leased, generating 929 million yuan in rental income [7] - Apartment segment: 80,100 sq.m leased, generating 140 million yuan in rental income [7] Valuation and Forecast - 2024-2025 EPS forecast at 1.27 yuan and 1.30 yuan respectively [8] - 2024 PE ratio estimated at 20-21x, with fair value range of 25.32-26.58 yuan [8] - Revenue growth expected at 0.1% in 2024, 4.0% in 2025, and 5.3% in 2026 [12] - Net profit growth projected at 1.3% in 2024, 3.0% in 2025, and 4.5% in 2026 [12] Market Performance - Stock price closed at 22.32 yuan on November 12, 2024 [2] - 52-week price range between 16.52 yuan and 30.34 yuan [2] - Total market capitalization of 22.48 billion yuan [2]

2 议案一 关于改聘德勤华永会计师事务所（特殊普通合伙） 担任公司 2024 年度审计机构的议案 中国国际贸易中心股份有限公司 2024 年第二次临时股东大会 会议文件 （会议召开时间：2024 年 11 月 15 日） 1 中国国际贸易中心股份有限公司 2024 年第二次临时股东大会议案目录 一、 关于改聘德勤华永会计师事务所（特殊普通合伙）担任公司 2024 年 度审计机构的议案 公司于 2024 年 10 月 30 日召开九届十二次董事会会议，审议通过关于改聘 德勤华永会计师事务所（特殊普通合伙）担任公司 2024 年度审计机构的议案， 并同意将该议案提交公司 2024 年第二次临时股东大会审议表决。 公司相关公告，已于 2024 年 10 月 31 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 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected price increase of over 15% in the next 6-12 months [3][9]. Core Insights - For the first nine months of 2024, the company achieved a revenue of 2.95 billion RMB, a slight increase of 0.02% year-on-year, and a net profit attributable to shareholders of 1.019 billion RMB, up 1.63% year-on-year [1]. - The rental income showed a minor increase, with total rental income reaching 2.19 billion RMB, up 0.26% year-on-year. The gross profit margin improved by 0.16 percentage points to 60.51%, and the net profit margin increased by 0.55 percentage points to 34.54% [1]. - The average occupancy rate for office spaces decreased by 3.0 percentage points year-on-year to 93.2%, primarily due to lease expirations. However, the average rental price for office spaces increased by 8 RMB per square meter per month compared to the previous year [2]. - The company holds core assets and exhibits stable operational performance, although there was a slight decline in performance due to tenant lease expirations affecting the third-quarter results [3]. Summary by Sections Revenue and Profitability - The company reported a revenue of 2.95 billion RMB for the first nine months of 2024, with a net profit of 1.019 billion RMB, reflecting a year-on-year growth of 1.63% [1]. - The gross profit margin improved to 60.51%, and the net profit margin reached 34.54%, indicating better profitability despite slight revenue growth [1]. Rental Performance - The total rental income for the first nine months was 2.19 billion RMB, with office, mall, and apartment rental incomes showing varied performance [1]. - The average occupancy rate for office spaces was 91.1%, down 6.0 percentage points year-on-year, while the average rental price increased by 8 RMB per square meter per month [2]. - The mall occupancy rate decreased slightly, with an average rental price increase of 64 RMB per square meter per month compared to the previous year [2]. Profit Forecast - The profit forecast for the company has been slightly adjusted, with expected net profits for 2024-2026 projected at 1.29 billion RMB, 1.36 billion RMB, and 1.41 billion RMB, reflecting year-on-year growth rates of 2.8%, 4.8%, and 3.5% respectively [3].

证券代码：600007 证券简称：中国国贸 编号：2024-023 中国国际贸易中心股份有限公司 关于变更会计师事务所的公告 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个别及连带责任。 重要内容提示： 拟聘任的会计师事务所名称：德勤华永会计师事务所（特殊普通合伙）（以 下简称"德勤华永"） 原聘任的会计师事务所名称：普华永道中天会计师事务所（特殊普通合伙） （以下简称"普华永道"） 变更会计师事务所的简要原因及前任会计师的异议情况： 根据会计师事务所选聘相关规定，结合市场信息，基于审慎原则，并考虑公司 业务需要，经履行招标程序并根据评标结果，公司拟改聘德勤华永担任公司 2024 年度审计机构。公司已就变更事宜与前任会计师事务所进行了沟通，前任会计师事 务所对变更事宜无异议。 一、拟聘任会计师事务所的基本情况 （一）机构信息 1、基本信息 德勤华永的前身是 1993 年 2 月成立的沪江德勤会计师事务所有限公司，于 2002 年更名为德勤华永会计师事务所有限公司，于 2012 年 9 月经财政部等部门批准转 制成为特殊普通合伙企业。德 ...