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]

Core Viewpoint - The board of directors of China International Trade Center Co., Ltd. has made decisions regarding the resignation of a director and the appointment of a new candidate, which will be submitted for approval at the upcoming extraordinary general meeting of shareholders [2][4]. Group 1: Board Meeting Decisions - The board meeting held on October 22, 2025, had all 12 directors present, meeting legal requirements for decision-making [1]. - The board unanimously approved the proposal to remove Mr. Huang Guoxiang as a director and to nominate Mr. Zhao Ruquan as his replacement, pending approval at the shareholders' meeting [2][3]. - The board expressed gratitude for Mr. Huang Guoxiang's contributions during his tenure [3]. Group 2: Extraordinary General Meeting - The extraordinary general meeting of shareholders is scheduled for November 7, 2025, at 9:30 AM, to discuss the aforementioned director changes [4][8]. - The meeting will be held at the multifunctional hall on the 7th floor of the China International Trade Center [4]. - Voting will be conducted through both on-site and online methods, utilizing the Shanghai Stock Exchange's voting system [8][9]. Group 3: Voting Procedures - Shareholders can vote online on the day of the meeting from 9:15 AM to 3:00 PM [9]. - Registration for attending the meeting is required, with specific procedures outlined for both individual and corporate shareholders [18][20]. - The registration period is from November 4 to November 5, 2025 [18].

Group 1 - The core point of the article is that China International Trade (SH 600007) held its ninth board meeting on October 22, 2025, via telecommunication to discuss the proposal for the first extraordinary general meeting of shareholders in 2025 [1] - For the first half of 2025, the company's revenue composition is as follows: property leasing and management accounted for 87.41%, while hotel operations accounted for 12.59% [1] - As of the report date, the market capitalization of China International Trade is 20.7 billion yuan [1]

公司独立董事于 2025 年 10 月 22 日召开 2025 年第二次独立董事专门会议，以 4 票赞成、0 票反对、0 票弃权，审议通过同意黄国祥先生不再担任公司董事及同意 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 司董事。 二、以 12 票赞成，0 票反对，0 票弃权，审议通过关于召开公司 2025 年第一 次临时股东大会的议案。 证券代码：600007 证券简称：中国国贸 编号：2025-014 中国国际贸易中心股份有限公司 九届十六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。 中国国际贸易中心股份有限公司（以下简称"公司"）于 2025 年 10 月 14 日以 电子邮件的方式发出关于召开九届十六次董事会会议的通知，并于 2025 年 10 月 22 日以通讯表决方式召开九届十六次董事会会议。 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 ...

证券代码：600007 证券简称：中国国贸 公告编号：2025-015 中国国际贸易中心股份有限公司 关于召开2025年第一次临时股东大会的通知 一、 召开会议的基本情况 (一) 股东大会类型和届次：2025年第一次临时股东大会 (二) 股东大会召集人：董事会 (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票 相结合的方式 (四) 现场会议召开的日期、时间和地点 召开的日期时间：2025 年 11 月 7 日 9 点 30 分 召开地点：北京市建国门外大街 1 号中国国际贸易中心国贸大厦 A 座 7 层多 功能厅 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 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： 网络投票起止时间：自2025 年 11 月 7 日 至2025 年 11 月 7 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间 为股东大会召开当日的交易时间段，即 9:15-9:25,9:30-11:30， 13: ...

Core Viewpoint - Li Nan, former senior vice president and general manager of commercial real estate at Longfor Group, has officially joined China International Trade as executive director and general manager, marking a significant career transition after a two-year hiatus [2][15]. Group 1: Background and Career Progression - Li Nan began her career at various companies including Baoteng Real Estate and Wuhan Baisheng Catering, before joining CapitaLand in 2001, where she became one of the few female executives in the male-dominated commercial real estate sector [2]. - During her 15 years at CapitaLand, she held the position of Central China Regional General Manager, overseeing the launch of several commercial projects, including the notable CapitaLand Mall in Wuhan [2][7]. Group 2: Contributions to Longfor Group - Li Nan was recruited to Longfor Group in 2015, where she played a crucial role in the company's commercial strategy, which included allocating 10% of annual sales returns to holding properties [3][6]. - Under her leadership, Longfor's commercial segment experienced rapid growth, with the company expanding its commercial projects significantly, including the opening of its first project in Beijing [3][8]. Group 3: Transition and Departure from Longfor - In 2020, Li Nan's influence within Longfor began to wane, as several of her subordinates left the company, and she shifted focus towards external communications and marketing [12][13]. - In August 2023, Longfor announced her retirement, with speculation that her two-year absence from the industry was due to a non-compete agreement [14]. During her tenure, Longfor opened five new malls, reaching a total of 81 operational malls with a rental income of 4.87 billion yuan [14]. Group 4: Future Prospects - Li Nan's new role at China International Trade is anticipated to bring fresh perspectives and strategies to the company, as she embarks on a new chapter in her career [15].