保利发展控股集团股份有限公司（以下简称"公司"）于2026年1月15日收 到上海证券交易所（以下简称"上交所"）出具的《关于受理保利发展控股集团 股份有限公司沪市主板上市公司发行证券申请的通知》（上证上审（再融资） [2026]11号）。上交所依据相关规定对公司报送的沪市主板上市公司发行证券的 募集说明书及相关申请文件进行了核对，认为该项申请文件齐备，符合法定形式， 决定予以受理并依法进行审核。 公司本次向特定对象发行可转换公司债券事项尚需通过上交所审核，并获得 中国证券监督管理委员会（以下简称"中国证监会"）作出同意注册的决定后方 可实施，最终能否通过上交所审核，并获得中国证监会同意注册的决定及其时间 存在不确定性。公司将根据该事项的进展情况，按照有关法律法规的规定和要求 及时履行信息披露义务。敬请广大投资者注意投资风险，理性投资。 特此公告。 保利发展控股集团股份有限公司 董事会 证券代码：600048 证券简称：保利发展 公告编号：2026-005 转债代码：110817 转债简称：保利定转 关于 2025 年度向特定对象发行可转换公司债券申请 获得上海证券交易所受理的公告 本公司董事会及全体董事保证本 ...

北京德恒律师事务所 关于 保利发展控股集团股份有限公司 2025 年度向特定对象发行可转换公司债券的 法律意见 北京市西城区金融街 19 号富凯大厦 B 座 12 层 电话:010-52682888 传真:010-52682999 邮编:100033 | 一、 | 本次发行的批准和授权 5 | | --- | --- | | 二、 | 本次发行的主体资格 7 | | 三、 | 本次发行的实质条件 7 | | 四、 | 发行人的设立 12 | | 五、 | 发行人的独立性 12 | | 六、 | 发行人的控股股东和实际控制人 12 | | 七、 | 发行人的股本及演变 14 | | 八、 | 发行人的业务 14 | | 九、 | 关联交易及同业竞争 15 | | 十、 | 发行人的主要资产 18 | | 十一、 | 发行人的重大债权债务 18 | | 十二、 | 重大资产变化及收购兼并 20 | | 十三、 | 发行人章程的制定与修改 20 | | 十四、 | 发行人法人治理结构及规范运作 21 | | 十五、 | 发行人董事、监事、高级管理人员及其变化 21 | | 十六、 | 发行人的税务 22 | | 十 ...

中国国际金融股份有限公司 关于保利发展控股集团股份有限公司 2025 年度向特定对象发行可转换公司债券之 发行保荐书 保荐机构 （北京市朝阳区建国门外大街 1 号国贸大厦 2 座 27 层及 28 层） 二〇二五年十二月 保利发展控股集团股份有限公司 发行保荐书 关于保利发展控股集团股份有限公司 2025 年度向特定对象发行可转换公司债券之发行保荐书 中国证券监督管理委员会、上海证券交易所： 保利发展控股集团股份有限公司（以下简称"保利发展""发行人"或"公司"）拟 申请向特定对象发行可转换公司债券募集资金总额不超过人民币 500,000 万元（含本数） （以下简称"本次证券发行""本次发行"或"向特定对象发行可转换公司债券"），并 已聘请中国国际金融股份有限公司（以下简称"中金公司"）作为本次证券发行的保荐 机构（以下简称"保荐机构"或"本机构"）。 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证 券法》（以下简称"《证券法》"）、《证券发行上市保荐业务管理办法》（以下简称"《保 荐办法》"）、《上市公司证券发行注册管理办法》（以下简称"《注册管理办法》"）、 《发行证券的公司信 ...

中国国际金融股份有限公司 关于保利发展控股集团股份有限公司 2025 年度向特定对象发行可转换公司债券之 挂牌转让保荐书 保荐机构 （北京市朝阳区建国门外大街 1 号国贸大厦 2 座 27 层及 28 层） 二〇二五年十二月 保利发展控股集团股份有限公司 挂牌转让保荐书 上海证券交易所： 中国国际金融股份有限公司（以下简称"保荐机构""本机构"或"中金公司"） 接受保利发展控股集团股份有限公司（以下简称"保利发展""发行人"或"公司"） 的委托，就发行人 2025 年度向特定对象发行可转换公司债券并在上海证券交易所（以 下简称"上交所"）挂牌转让事项（以下简称"本次发行"）出具本挂牌转让保荐书。 保荐机构及其保荐代表人根据《中华人民共和国公司法》（以下简称"《公司法》"）、 《中华人民共和国证券法》（以下简称"《证券法》"）、《证券发行上市保荐业务管理 办法》（以下简称"《保荐办法》"）、《上市公司证券发行注册管理办法》（以下简称"《注 册管理办法》"）、《可转换公司债券管理办法》，以及《上海证券交易所上市公司自律 监管指引第 12 号——可转换公司债券》等法律法规和中国证券监督管理委员会（以下 简称"中国证 ...

证券日报网讯1月15日，保利发展（600048）在互动平台回答投资者提问时表示，企业公信力是发展的 基石，公司在治理、经营及履行社会责任等过程中，始终以此为核心，并通过扎实做好主业经营、坚守 财务安全、保障产品质量等，努力将企业的公信力转化为切实的行动与可感知的信任。 ...

证券日报网讯1月15日，保利发展（600048）在互动平台回答投资者提问时表示，当前房地产行业正处 于调整期，市场表现与公司内在价值的体现存在复杂关联。公司正聚焦于主业，通过优化资产结构、提 升产品力、保障现金流安全等扎实工作，不断巩固经营基本面，以期用更好的发展前景回报股东信任。 ...

Core Viewpoint - Poly Developments has announced an organizational restructuring to adapt to market changes and enhance management efficiency, establishing ten functional departments to better align with its strategic focus on real estate investment, operation, and comprehensive services [2][3]. Group 1: Organizational Changes - The restructuring includes the establishment of ten functional departments: Board Office, Comprehensive Management Center, Strategic Investment Center, Financial Center, Real Estate Operation Center, Audit and Risk Management Center, Human Resources Center, Party Work Office, Discipline Inspection Office, and Party Inspection Office [2][3]. - The new Real Estate Operation Center combines the previous Operation Management Center and Product Management Center, focusing on deep value extraction throughout the asset lifecycle and emphasizing both development and operation [4][2]. Group 2: Strategic Focus - The restructuring is part of Poly Developments' strategy to "reshape new Poly Developments" and advance its three main businesses: real estate investment development, real estate operation, and comprehensive real estate services [3][6]. - The company aims to enhance its product and service quality to remain competitive in a challenging market, emphasizing the importance of good products and services for survival [5][6]. Group 3: Market Performance - In 2025, Poly Developments recorded a sales revenue of 253.03 billion yuan, a 21.67% decrease from 2024's 323.03 billion yuan, while land investment increased to 67.1 billion yuan [6][7]. - The company is expanding its long-cycle business operations, with the opening of its first high-end second-hand housing service store in Shanghai, aiming to establish 7-8 more stores within the year [7][6]. Group 4: Operational Efficiency - In the first half of 2025, Poly Developments achieved an operating income of 2.54 billion yuan from asset management, a 13% year-on-year increase, with an 18% rise in the number of rental housing units [7][6]. - The company is committed to continuously strengthening its real estate development, optimizing real estate services, and expanding real estate operations in response to industry trends and strategic goals [7][6].

Core Viewpoint - Poly Developments has adjusted its organizational structure to enhance management efficiency and adapt to market changes, establishing ten functional departments to better align with its strategic focus on real estate investment, operation, and comprehensive services [1][2]. Group 1: Organizational Changes - The recent organizational adjustment includes the establishment of ten functional departments, such as the Board Office, Comprehensive Management Center, Strategic Investment Center, Financial Center, Real Estate Operation Center, Audit and Risk Management Center, Human Resources Center, Party Work Office, Discipline Inspection Office, and Party Inspection Office [1][2]. - The new Real Estate Operation Center combines the previous Operation Management Center and Product Management Center, focusing on deep value extraction throughout the asset lifecycle and emphasizing both development and operation [1][3]. Group 2: Strategic Focus - The restructuring is part of Poly Developments' strategy to "reshape new Poly Developments" and advance its three main businesses, which are real estate investment development, real estate operation, and comprehensive real estate services [2][5]. - The company aims to enhance its product and service quality to remain competitive in the current market, which has seen increased competition [3][5]. Group 3: Market Performance - In 2025, Poly Developments recorded a sales revenue of 253.03 billion yuan, a 21.67% decrease from 2024's 323.03 billion yuan, while land investment increased to 67.1 billion yuan [5]. - The company has opened its first store under "Poly Gaowu Hang" in Shanghai, focusing on high-end second-hand luxury home transactions, with plans to open 7-8 more stores within the year [5]. - In the first half of 2025, the company achieved asset operation income of 2.54 billion yuan, a 13% year-on-year increase, with an 18% rise in the number of rental housing units [5].

证券之星消息，1月14日房地产开发板块较上一交易日下跌1.23%，华夏幸福领跌。当日上证指数报收于 4126.09，下跌0.31%。深证成指报收于14248.6，上涨0.56%。房地产开发板块个股涨跌见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入(元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 000036 华联控股 | | = 1.49 Z | 15.39% | -3761.42万 | -3.88% | -1.12 Z | -11.51% | | 000620 | 盈新发展 | 7101.17万 | 4.78% | -8253.66万 | -5.56% | 1152.49万 | 0.78% | | 600246 万通发展 | | 5920.22万 | 4.77% | -5332.16万 | -4.30% | -588.06万 | -0.47% | | 600266 城建发展 | | 2469.52万 | 0.97% | -1.44(Z | -5.66% ...

Core Viewpoint - The "2025 China Real Estate Product Power TOP100 Release Conference" highlighted the importance of product innovation and quality in the real estate industry, emphasizing a comprehensive approach to building "good houses" that meet customer needs and local adaptations [1][24]. Group 1: Industry Trends and Insights - The real estate industry is entering a critical phase focused on quality enhancement, where each company has its own understanding of what constitutes a "good house" [5]. - The conference featured discussions on the new connotations of good housing and the collaborative efforts required to enhance product vitality in the industry [3][5]. Group 2: Key Standards and Frameworks - China Electric Power Construction Group has established a comprehensive "Good House" brand standard that includes six dimensions: safety, health, green, wisdom, craftsmanship, and aesthetics, with 165 quality control parameters [6][7]. - The standard emphasizes a systematic approach to product development, integrating customer insights and local adaptations to ensure quality and efficiency [8][13]. Group 3: Customer Insights and Needs - Companies are increasingly focusing on deep customer insights to inform product standards, moving from basic needs to more complex emotional and cultural requirements [12][20]. - The core customer demands have evolved to include not only basic functionality but also quality of life and emotional fulfillment, indicating a shift in how housing is perceived [12][20]. Group 4: Challenges and Solutions - The industry faces challenges such as irrational competition and the need for better collaboration across the supply chain to meet quality standards [18][20]. - Companies are adopting a long-term perspective to navigate these challenges, emphasizing the importance of aligning product offerings with genuine customer needs and organizational capabilities [21].