深圳香江控股股份有限公司 募集资金管理办法 第五条 公司控股股东、实际控制人不得直接或者间接占用或者挪用公司募集 资金，不得利用公司募集资金及募集资金投资项目（以下简称"募投项目"）获取 不正当利益。 第二章 募集资金存储 第六条 公司募集资金应当存放于经董事会批准设立的专项账户（以下简称 "募集资金专户"）集中管理。 募集资金专户不得存放非募集资金或用作其它用途。 （2025年10月修订） 第一章 总则 第一条 为规范深圳香江控股股份有限公司（以下简称"公司"）募集资金的 使用与管理，提高募集资金使用效益，保护投资者的合法权益，根据《中华人民共 和国公司法》、《中华人民共和国证券法》、《上市公司证券发行注册管理办法》、 《监管规则适用指引——发行类第7号》、《上市公司募集资金监管规则》、《上 海证券交易所股票上市规则》（以下简称"《股票上市规则》"）、《上海证券交 易所上市公司自律监管指引第1号——规范运作》（以下简称"《规范运作》"） 等法律、法规和规范性文件的要求，以及《公司章程》的规定，结合公司实际情况， 制定本办法。 第二条 本办法适用于公司通过发行股票或者其他具有股权性质的证券，向投 资者募集并用 ...

Core Viewpoint - Xiangjiang Holdings experienced a stock price decline of 2.18% on October 24, with a current price of 2.24 CNY per share and a total market capitalization of 7.321 billion CNY [1] Financial Performance - For the first half of 2025, Xiangjiang Holdings reported a revenue of 736 million CNY, a year-on-year decrease of 61.52%, and a net profit attributable to shareholders of -19.8462 million CNY, a decline of 147.19% [2] - The company has seen a stock price increase of 17.34% year-to-date, with a 2.75% increase over the last five trading days, a 22.22% decrease over the last 20 days, and a 26.55% increase over the last 60 days [1] Shareholder Information - As of June 30, 2025, the number of shareholders decreased by 5.61% to 53,900, with an average of 60,641 circulating shares per shareholder, an increase of 5.94% [2] - The company has distributed a total of 3.262 billion CNY in dividends since its A-share listing, with 1.245 billion CNY distributed in the last three years [3] Major Shareholders - As of June 30, 2025, Hong Kong Central Clearing Limited is the fourth-largest circulating shareholder, holding 56.6868 million shares, a decrease of 24.4146 million shares from the previous period [3] - The Southern CSI Real Estate ETF Linked A (004642) is the ninth-largest circulating shareholder, holding 16.6925 million shares as a new shareholder [3] Business Overview - Xiangjiang Holdings is primarily engaged in urban industrial development, trade circulation, and home market operations, with revenue composition of 52.81% from trade circulation, 31.56% from the sale of residential properties, shops, and office buildings, and 15.63% from other sources [1]

证券日报网讯香江控股（600162）10月23日在互动平台回答投资者提问时表示，公司不涉及进出口业 务。 ...

Core Viewpoint - The company is actively exploring financing policies and development strategies suitable for its operations [2] Group 1 - The company responded to investor inquiries on October 23 regarding its future plans [2]

Group 1 - The core point of the news is that Xiangjiang Holdings experienced a decline of 5.02% in its stock price, reaching 2.27 CNY per share, with a trading volume of 253 million CNY and a turnover rate of 3.31%, resulting in a total market capitalization of 7.419 billion CNY [1] - Xiangjiang Holdings, established on January 30, 1994, and listed on June 9, 1998, is primarily engaged in urban industrial development, trade circulation, and home market operations. The revenue composition is as follows: trade circulation operations account for 52.81%, sales of residential properties, shops, and office buildings account for 31.56%, and other activities account for 15.63% [1] Group 2 - From the perspective of the top ten circulating shareholders, a fund under Southern Fund ranks among the top shareholders of Xiangjiang Holdings. The Southern CSI Real Estate ETF Initiated Link A (004642) entered the top ten circulating shareholders in the second quarter, holding 16.6925 million shares, which represents 0.51% of the circulating shares. The estimated floating loss today is approximately 2.0031 million CNY [2] - The Southern CSI Real Estate ETF Initiated Link A (004642) was established on August 24, 2017, with a latest scale of 173 million CNY. Year-to-date, it has achieved a return of 12.04%, ranking 3417 out of 4218 in its category; over the past year, it has returned 8.2%, ranking 3340 out of 3875; since inception, it has incurred a loss of 37.56% [2]

Core Insights - The real estate development sector experienced a significant increase of 2.12% on October 21, with Shanghai Shanshui Development leading the gains [1] - The Shanghai Composite Index closed at 3916.33, up 1.36%, while the Shenzhen Component Index closed at 13077.32, up 2.06% [1] Group 1: Stock Performance - Shanghai Shanshui Development (600748) saw a closing price of 7.34, with a rise of 10.04% and a trading volume of 1.6369 million shares, totaling a transaction value of 1.13 billion [1] - Guangming Real Estate (600708) closed at 4.07, up 10.00%, with a trading volume of 879,600 shares and a transaction value of 349 million [1] - Yingxin Development (000620) closed at 1.98, also up 10.00%, with a trading volume of 2.9013 million shares and a transaction value of 564 million [1] - Hefei Urban Construction (002208) closed at 14.31, up 9.99%, with a trading volume of 1.1404 million shares and a transaction value of 1.578 billion [1] - Other notable performers include Shenzhen Zhenye A (000006) with a closing price of 13.22, up 9.98%, and a transaction value of 1.208 billion [1] Group 2: Capital Flow - The real estate development sector saw a net inflow of 854 million from main funds, while speculative funds experienced a net outflow of 907 million [3] - Retail investors contributed a net inflow of 53.01 million [3]

Core Viewpoint - The real estate sector experienced a significant upward movement, with several stocks reaching their daily limit, following the release of housing price data by the National Bureau of Statistics [1] Group 1: Market Performance - The real estate sector saw stocks such as Xiangjiang Holdings, Guangming Real Estate, Yingxin Development, and Caixin Development hit the daily limit [1] - Other companies like Shimao Development, Joy City, New City Holdings, and Zhujiang Holdings also experienced gains [1] Group 2: Housing Price Data - On October 20, the National Bureau of Statistics released data indicating that in September, the sales prices of commercial residential properties in 70 large and medium-sized cities showed a month-on-month decline [1] - The year-on-year decline in housing prices continued to narrow, suggesting a potential stabilization in the market [1]

Core Points - Xiangjiang Holdings (600162) experienced a trading halt today with a daily turnover rate of 3.59% and a transaction volume of 263 million yuan, showing a price fluctuation of 8.02% [1] - The stock was listed on the Shanghai Stock Exchange's "Dragon and Tiger List" due to a daily price deviation of 8.88%, with a net purchase of 23.63 million yuan from the Shanghai-Hong Kong Stock Connect [1] - The top five trading departments accounted for a total transaction volume of 97.92 million yuan, with a net purchase of 53.16 million yuan [1] Trading Activity - The leading buying department was the Shanghai-Hong Kong Stock Connect, with a purchase amount of 31.69 million yuan and a selling amount of 8.07 million yuan, resulting in a net purchase of 23.63 million yuan [2] - Other notable buying departments included Zhongtai Securities (17.68 million yuan), Hubei Branch of Zhongtai Securities (10.57 million yuan), Huatai Securities (8.04 million yuan), and Founder Securities (7.56 million yuan) [2] - The selling departments included the Shanghai-Hong Kong Stock Connect (8.07 million yuan), Guotai Junan Securities (3.94 million yuan), and Dongfang Caifu Securities (3.61 million yuan) [2] Financial Performance - In the first half of the year, Xiangjiang Holdings reported a revenue of 736 million yuan, a year-on-year decrease of 61.52%, and a net profit of -19.84 million yuan [1] - The stock has appeared on the "Dragon and Tiger List" six times in the past six months, with an average price increase of 7.62% the day after being listed and an average increase of 11.72% over the following five days [1] - The net inflow of main funds today was 98.47 million yuan, with a significant single order inflow of 113 million yuan, while large orders saw a net outflow of 14.77 million yuan [1]

Market Performance - The real estate development sector increased by 0.17% on October 15, with Xiangjiang Holdings leading the gains [1] - The Shanghai Composite Index closed at 3912.21, up 1.22%, while the Shenzhen Component Index closed at 13118.75, up 1.73% [1] Top Gainers - Xiangjiang Holdings (600162) closed at 2.29, up 10.10% with a trading volume of 1.1737 million shares and a turnover of 263 million [1] - Shangshi Development (600748) closed at 5.25, up 10.06% with a trading volume of 408,800 shares and a turnover of 214 million [1] - Quzhou Development (600208) closed at 4.79, up 5.97% with a trading volume of 2.4972 million shares and a turnover of 1.162 billion [1] Top Losers - Shenzhen Zhenye A (000006) closed at 12.41, down 10.01% with a trading volume of 886,400 shares and a turnover of 1.114 billion [2] - Hefei Urban Construction (002208) closed at 10.74, down 3.59% with a trading volume of 1.7985 million shares and a turnover of 2.002 billion [2] - Binjiang Group (002244) closed at 11.70, down 2.01% with a trading volume of 280,300 shares and a turnover of 329 million [2] Capital Flow - The real estate development sector experienced a net outflow of 408 million from institutional investors and 220 million from speculative funds, while retail investors saw a net inflow of 628 million [2][3] - Xiangjiang Holdings had a net inflow of 1.02 billion from institutional investors, but a net outflow of 446.279 million from speculative funds and 574.190 million from retail investors [3] - Quzhou Development also saw a net inflow of 102 million from institutional investors, with outflows from both speculative and retail investors [3]

Core Insights - The 2025 Global Engineering Conference and the First World Green Design Conference opened in Shanghai, where the "Global Sustainable and Healthy Living Environment White Paper" was released, marking a significant milestone in urban ecological design [1][2] - The report introduces the "Urban Residential Forest Environment System," which includes the "Residential Forest Environment Standards" and the "Indoor Forest Environment Index," covering seven dimensions for a comprehensive approach to outdoor and indoor health [1] Group 1 - The "Global Health Living Environment Report" highlights the importance of green design in connecting "Healthy China" with "Community of Shared Future for Mankind" [1] - The report emphasizes the need for a three-dimensional upgrade in the big health strategy: from "health management" to "life construction," from "individual health" to "community health," and from "commercial value" to "future value" [1] Group 2 - The Xiangjiang No. 1 project serves as a practical case study for the forest environment system in high-density urban areas, showcasing its potential as a global benchmark for healthy living environments [2] - The project integrates biomimicry principles, local plant communities, and modern intelligent technology, creating a multi-dimensional health living system that enhances air quality, temperature, humidity, light, sound, and ecological perception [2] - The project achieved a significant increase in negative oxygen ion concentration, with a 4.5 times improvement in the core residential area compared to street-level areas, demonstrating its effectiveness in ecological residential planning [2]