| 股票代码：600153 | 股票简称：建发股份 | | | 公告编号：临 | 2025—006 | | --- | --- | --- | --- | --- | --- | | 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 第九届董事会 2025 年第三次临时会议决议公告 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 ...

| 股票代码：600153 | 股票简称：建发股份 | | | 公告编号：临 | 2025—005 | | --- | --- | --- | --- | --- | --- | | 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 | | | 公司 2023 年度因收购红星美凯龙家居集团股份有限公司（以下简称"美 凯龙"）控制权确认重组收益，贡献归母净利润 95.2 ...

厦门建发股份有限公司 2024 年中期权益分派实施公告 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： 每股分配比例 A 股每股现金红利 0.4 元 | 股票代码：600153 | 股票简称：建发股份 | | | 公告编号：临 | 2025-004 | | --- | --- | --- | --- | --- | --- | | 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 ...

Group 1 - The core point of the article is the establishment of Shanghai Xingtong Chain Shipping Co., Ltd., which has a registered capital of 256 million yuan and is involved in various shipping and logistics services [1] - The legal representative of the newly established company is Chen Qide [1] - The business scope of the company includes international ship management, import and export of goods, technology import and export, and ship leasing [1] Group 2 - The company is jointly held by Xingtong Co., Ltd. and Xiamen Jianfa Supply Chain Logistics Technology Co., Ltd., which is a subsidiary of Jianfa Co., Ltd. [1]

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for its stock performance relative to the market [10]. Core Insights - The company plans to distribute a mid-term cash dividend of 0.4 CNY per share, which represents 71% of its performance in Q3 2024, aligning with its high dividend strategy for 2024 and 2025, targeting a dividend of at least 0.7 CNY per share, resulting in a projected dividend yield of 6.97% [10]. - The acquisition of a 10% stake in Jianfa Real Estate for 3.1 billion CNY has been approved by the shareholders, which is expected to enhance the company's profitability and asset concentration [10]. - The company has shown improvement in its real estate sales ranking, with a focus on first and second-tier cities, and maintains a strong inventory structure with minimal heavy inventory [10]. Financial Summary - Total revenue for 2023 is projected at 763.678 billion CNY, a decrease of 8.3% year-on-year, with a net profit of 13.104 billion CNY, reflecting a significant increase of 108.8% compared to the previous year [3][5]. - The company’s earnings per share (EPS) for 2023 is estimated at 4.29 CNY, with a projected EPS of 1.09 CNY for 2024 [3]. - The return on equity (ROE) is expected to be 18.9% in 2023, dropping to 2.9% in 2024, before recovering to 6.6% by 2026 [3]. Market Data - As of January 2, 2025, the closing price of the stock is 10.04 CNY, with a market capitalization of 29.111 billion CNY [9]. - The company has a price-to-book ratio of 0.5 and a dividend yield of 6.97% based on the most recent dividend announcements [9]. Investment Analysis - The report emphasizes the company's commitment to a high dividend strategy and the strategic acquisition of quality assets, which are expected to boost both performance and valuation [10]. - The projected net profits for 2024, 2025, and 2026 are 32.2 billion CNY, 40.3 billion CNY, and 42.0 billion CNY respectively, with corresponding price-to-earnings ratios of 9.2X and 7.3X for 2024 and 2025 [10].

厦门建发股份有限公司 关于 2024 年中期利润分配方案的公告 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。 每股分配金额：每股派发现金红利 0.4 元（含税） 本次利润分配以实施权益分派股权登记日登记的总股本为基数，具体日 期将在权益分派实施公告中明确。 如在实施权益分派的股权登记日前公司总股本发生变动，公司拟维持每 股分配金额不变，相应调整分配总额。 一、利润分配方案内容 | 股票代码：600153 | 股票简称：建发股份 | | | 公告编号：临 | 2025—002 | | --- | --- | --- | --- | --- | --- | | 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 ...

Investment Rating - The report maintains an "Accumulate" rating for the company [1][21]. Core Views - The company reported a total revenue of 502.1 billion, a year-on-year decrease of 16.13%, and a net profit attributable to shareholders of 2.058 billion, down 83.43% year-on-year [1]. - The company has increased its stake in its real estate subsidiary by 10%, which has been approved by the shareholders' meeting, enhancing its profitability for 2025 [7][8]. - The supply chain business is the main profit source for the company, with international revenue increasing from 10% in 2019 to 17% in 2023, indicating a positive trend in global expansion [8]. Summary by Sections Company Overview - The largest shareholder of the company is Jianfa Group, holding 46.03%, with the actual controller being the Xiamen State-owned Assets Supervision and Administration Commission [3]. Quarterly Performance - The company experienced a significant decline in performance, with a net profit of 2.058 billion for the first three quarters of 2024, a decrease of 83.43% year-on-year [1][18]. Subsidiary Equity Changes - The company plans to acquire an additional 10% stake in Jianfa Real Estate, increasing its consolidated share from 54.65% to 64.65% [7][8]. - The equity assessment value of Jianfa Real Estate is estimated at 30.663 billion for the 10% stake [7]. Dividend and Shareholder Returns - The company has established a shareholder return plan, committing to distribute at least 30% of the annual profit attributable to shareholders as cash dividends, with a minimum dividend of 0.7 yuan per share [7][8]. Future Outlook - The supply chain sector is expected to benefit from China's dual circulation strategy, with the company expanding its global operations and establishing business relationships in over 170 countries [8]. - The report expresses optimism about the company's supply chain strategy and the manageable risks in the real estate sector, leading to a continued "Accumulate" recommendation [8].

| 股票代码：600153 | 股票简称：建发股份 | | | 公告编号：临 | 2024-069 | | --- | --- | --- | --- | --- | --- | | 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 2024 年第二次临时 ...

关于厦门建发股份有限公司 2024 年第二次临时股东大会的 法律意见书 中国·厦门 厦禾路 666 号海翼大厦 A 幢 16-18 楼 厦门 · 上海 · 福州 · 泉州 · 龙岩 http://www.tenetlaw.com 中国 · 厦门 厦禾路 666 号海翼大厦 A 幢 16-18 楼 电话：86・592・5883666 传真：86・592・5881668 关于厦门建发股份有限公司 2024 年第二次临时股东大会的法律意见书 (2024) 天衡(意)字第270 号 致:厦门建发股份有限公司 厦门建发股份有限公司(以下简称"公司")2024年第二次临时股东大会(以 下简称"本次股东大会")于 2024年 12月 27日召开。福建天衡联合律师事务 所(以下简称"本所")接受公司的委托,指派黄臻臻律师、王笑琦律师(以下 简称"本所律师")出席本次股东大会,根据《中华人民共和国公司法》(以下 简称"《公司法》"）、《上市公司股东大会规则(2022年修订)》（以下简称 "《股东大会规则》"）和《厦门建发股份有限公司章程》（以下简称"《公司 章程》"）的规定,对本次股东大会的召集和召开程序、出席会议人员的资格、 ...

| 股票代码：600153 | 股票简称：建发股份 | | | 公告编号：临 | 2024—068 | | --- | --- | --- | --- | --- | --- | | 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 关于收购建发房产 10 ...