| 股票代码：600153 | 股票简称：建发股份 | | | 公告编号：临 | 2024-065 | | --- | --- | --- | --- | --- | --- | | 债券代码：185248 | 债券简称：22 | 建发 | 01 | | | | 债券代码：185929 | 债券简称：22 | 建发 | Y3 | | | | 债券代码：137601 | 债券简称：22 | 建发 | Y4 | | | | 债券代码：115755 | 债券简称：23 | 建发 | Y1 | | | | 债券代码：240217 | 债券简称：23 | 建发 | Y2 | | | | 债券代码：240650 | 债券简称：24 | 建发 | Y1 | | | | 债券代码：241016 | 债券简称：24 | 建发 | Y2 | | | | 债券代码：241137 | 债券简称：24 | 建发 | Y3 | | | | 债券代码：241265 | 债券简称：24 | 建发 | Y4 | | | | 债券代码：241266 | 债券简称：24 | 建发 | Y5 | | | 厦门建发股份有限公司 重要内容提示： 一、 ...

| 股票代码：600153 | 股票简称：建发股份 | | | 公告编号：临 | 2024—058 | | --- | --- | --- | --- | --- | --- | | 债券代码：185248 | 债券简称：22 | 建发 | 01 | | | | 债券代码：185929 | 债券简称：22 | 建发 | Y3 | | | | 债券代码：137601 | 债券简称：22 | 建发 | Y4 | | | | 债券代码：115755 | 债券简称：23 | 建发 | Y1 | | | | 债券代码：240217 | 债券简称：23 | 建发 | Y2 | | | | 债券代码：240650 | 债券简称：24 | 建发 | Y1 | | | | 债券代码：241016 | 债券简称：24 | 建发 | Y2 | | | | 债券代码：241137 | 债券简称：24 | 建发 | Y3 | | | | 债券代码：241265 | 债券简称：24 | 建发 | Y4 | | | | 债券代码：241266 | 债券简称：24 | 建发 | Y5 | | | 厦门建发股份有限公司（以下简称"公司"）于 ...

| 股票代码：600153 | 股票简称：建发股份 | | | 公告编号：临 | 2024—063 | | --- | --- | --- | --- | --- | --- | | 债券代码：185248 | 债券简称：22 | 建发 | 01 | | | | 债券代码：185929 | 债券简称：22 | 建发 | Y3 | | | | 债券代码：137601 | 债券简称：22 | 建发 | Y4 | | | | 债券代码：115755 | 债券简称：23 | 建发 | Y1 | | | | 债券代码：240217 | 债券简称：23 | 建发 | Y2 | | | | 债券代码：240650 | 债券简称：24 | 建发 | Y1 | | | | 债券代码：241016 | 债券简称：24 | 建发 | Y2 | | | | 债券代码：241137 | 债券简称：24 | 建发 | Y3 | | | | 债券代码：241265 | 债券简称：24 | 建发 | Y4 | | | | 债券代码：241266 | 债券简称：24 | 建发 | Y5 | | | 厦门建发股份有限公司 关于使用自有闲置资金进 ...

| 股票代码：600153 | 股票简称：建发股份 | | | 公告编号：临 | 2024—056 | | --- | --- | --- | --- | --- | --- | | 债券代码：185248 | 债券简称：22 | 建发 | 01 | | | | 债券代码：185929 | 债券简称：22 | 建发 | Y3 | | | | 债券代码：137601 | 债券简称：22 | 建发 | Y4 | | | | 债券代码：115755 | 债券简称：23 | 建发 | Y1 | | | | 债券代码：240217 | 债券简称：23 | 建发 | Y2 | | | | 债券代码：240650 | 债券简称：24 | 建发 | Y1 | | | | 债券代码：241016 | 债券简称：24 | 建发 | Y2 | | | | 债券代码：241137 | 债券简称：24 | 建发 | Y3 | | | | 债券代码：241265 | 债券简称：24 | 建发 | Y4 | | | | 债券代码：241266 | 债券简称：24 | 建发 | Y5 | | | 厦门建发股份有限公司 关于为商舟物流提供担保 ...

| 股票代码：600153 | 股票简称：建发股份 | | | 公告编号：临 | 2024—060 | | --- | --- | --- | --- | --- | --- | | 债券代码：185248 | 债券简称：22 | 建发 | 01 | | | | 债券代码：185929 | 债券简称：22 | 建发 | Y3 | | | | 债券代码：137601 | 债券简称：22 | 建发 | Y4 | | | | 债券代码：115755 | 债券简称：23 | 建发 | Y1 | | | | 债券代码：240217 | 债券简称：23 | 建发 | Y2 | | | | 债券代码：240650 | 债券简称：24 | 建发 | Y1 | | | | 债券代码：241016 | 债券简称：24 | 建发 | Y2 | | | | 债券代码：241137 | 债券简称：24 | 建发 | Y3 | | | | 债券代码：241265 | 债券简称：24 | 建发 | Y4 | | | | 债券代码：241266 | 债券简称：24 | 建发 | Y5 | | | 厦门建发股份有限公司 关于 2025 年度与 ...

| 股票代码：600153 | 股票简称：建发股份 | | | 公告编号：临 2024—059 | | --- | --- | --- | --- | --- | | 债券代码：185248 | 债券简称：22 | 建发 | 01 | | | 债券代码：185929 | 债券简称：22 | 建发 | Y3 | | | 债券代码：137601 | 债券简称：22 | 建发 | Y4 | | | 债券代码：115755 | 债券简称：23 | 建发 | Y1 | | | 债券代码：240217 | 债券简称：23 | 建发 | Y2 | | | 债券代码：240650 | 债券简称：24 | 建发 | Y1 | | | 债券代码：241016 | 债券简称：24 | 建发 | Y2 | | | 债券代码：241137 | 债券简称：24 | 建发 | Y3 | | | 债券代码：241265 | 债券简称：24 | 建发 | Y4 | | | 债券代码：241266 | 债券简称：24 | 建发 | Y5 | | 厦门建发股份有限公司 2025 年度日常关联交易额度预计公告 本公司董事会及全体董事保证本公告内容不 ...

证券代码：600153 证券简称：建发股份 厦门建发股份有限公司投资者关系活动记录表 | --- | --- | --- | --- | |-------------------------|---------------------------------|----------------------------------------------------|----------------| | | | | | | 投资者关系活动类别 | 特定对象调研 | 分析师会议 | | | | 媒体采访 | 业绩说明会 | | | | 新闻发布会 | 路演活动 | | | | 现场参观 | | | | | | 其他（请文字说明其他活动内容） | | | 参与单位名称及人员 姓名 | 线上参与公司 2024 | 年第三季度业绩说明会的全体投资者 | | | 时间 | 2024 年 11 月 25 | 日 15:00-16:00 | | | 地点 | | 价值在线（https://www.ir-online.cn/）网络互动 | | | | 董事长 林茂先生 | | | | | 独立董事 吴育辉先生 | | | | ...

厦门建发股份有限公司 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： 投资者可于 2024 年 11 月 22 日 ( 星 期 五 )16:00 前 访问网址 https://eseb.cn/1jwzF1Hbco8 或使用微信扫描下方小程序码进行会前提问，公 司将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。 厦门建发股份有限公司（以下简称"公司"）已于 2024 年 10 月 31 日发布公 司 2024 年第三季度报告。为便于广大投资者更全面深入地了解公司 2024 年第三 季度经营业绩、业务发展等情况，公司计划于 2024 年 11 月 25 日（星期一） | 股票代码：600153 | 股票简称：建发股份 | | | 公告编号：临 2024—054 | | --- | --- | --- | --- | --- | | 债券代码：185248 | 债券简称：22 | 建发 | 01 | | | 债券代码：185929 | 债券简称：22 | 建发 | ...

Investment Rating - The investment rating for the company is "Outperform the Market" and is maintained [1]. Core Views - The report highlights that the company's net profit decline has narrowed in the third quarter compared to the second quarter, excluding the impact of the restructuring gains from Meikailong [5][8]. - The company achieved a revenue of 502.14 billion yuan in the first nine months of 2024, a year-on-year decrease of 16.1%, with a net profit attributable to shareholders of 2.06 billion yuan, down 83.4% year-on-year [5][11]. - The gross profit margin improved to 4.37%, an increase of 1.32 percentage points compared to the same period in 2023 [11]. Summary by Sections Financial Performance - In the real estate segment, the company reported a revenue of 81.37 billion yuan, a year-on-year increase of 26.03%, but the net profit attributable to shareholders decreased by 19.04% to 0.38 billion yuan [6]. - The supply chain operation segment generated a revenue of 414.67 billion yuan, down 22.22% year-on-year, with a net profit of 2.24 billion yuan, a decrease of 10.20% [7]. - The home furnishing mall operation segment faced challenges, resulting in a net loss of 0.57 billion yuan due to declining rental rates and increased support for merchants [7]. Earnings Forecast - The report forecasts the company's EPS for 2024 to be 1.25 yuan, with a valuation range of 25.9 billion to 29.5 billion yuan, corresponding to a reasonable value range of 8.77 to 10.03 yuan per share [8][12]. Market Comparison - The company’s stock has shown a relative performance compared to the market index, with a significant decline of 19.93% in recent months [2][3].

Investment Rating - The report maintains a "Buy" rating for the company, citing its strong position in the domestic bulk supply chain management industry and its potential for further strengthening through internationalization and digitalization [4] Core Views - The company's supply chain operations showed improved profitability in Q3 2024, with revenue increasing by 7.21% QoQ and net profit attributable to the parent company growing by 26.87% QoQ [2] - However, the real estate and home furnishing mall operations experienced a decline in profitability, with the home furnishing mall segment reporting a net loss of 567 million yuan in the first three quarters of 2024 [3] - The company's overall performance fell short of expectations due to weak terminal demand and declining profits in its real estate and home furnishing mall businesses [4] Financial Performance - In the first three quarters of 2024, the company achieved revenue of 502.136 billion yuan, a year-on-year decrease of 16.13%, and net profit attributable to the parent company of 2.058 billion yuan, a year-on-year decrease of 83.43% [1] - In Q3 2024, the company's revenue was 183.122 billion yuan, a year-on-year decrease of 14.94%, while net profit attributable to the parent company was 859 million yuan, a year-on-year decrease of 91.81% but a QoQ increase of 44.44% [1] - The company's real estate business revenue increased by 26.03% YoY in the first three quarters of 2024, but net profit attributable to the parent company decreased by 19.04% YoY [3] Profit Forecast and Valuation - The report revised downward the company's net profit forecasts for 2024-2026 to 3.054 billion yuan, 4.102 billion yuan, and 4.867 billion yuan, respectively, from previous estimates of 6.171 billion yuan, 6.986 billion yuan, and 7.972 billion yuan [4] - The company's P/E ratio is projected to be 10, 7, and 6 for 2024, 2025, and 2026, respectively, while the P/B ratio is expected to remain at 0.4 for all three years [6] Business Segment Analysis - The supply chain operations segment achieved revenue of 1.511 trillion yuan in Q3 2024, with a gross margin of 1.5%, down 0.6 percentage points QoQ due to weak terminal demand and declining commodity prices [2] - The real estate segment contributed a net loss of 373 million yuan to the parent company in the first three quarters of 2024, primarily due to a 664 million yuan inventory impairment provision [3] - The home furnishing mall segment reported a net loss of 567 million yuan in the first three quarters of 2024, driven by declining occupancy rates and increased merchant retention incentives [3]