Financial Performance - The company's operating revenue for 2024 was approximately ¥5.28 billion, a decrease of 24.59% compared to ¥6.99 billion in 2023[23]. - The net profit attributable to shareholders of the listed company was approximately -¥1.51 billion, compared to -¥389.53 million in the previous year[23]. - The net cash flow from operating activities was approximately ¥768.75 million, a decline of 86.22% from ¥5.58 billion in 2023[23]. - The total assets at the end of 2024 were approximately ¥19.55 billion, down 38.63% from ¥31.86 billion in 2023[23]. - The net assets attributable to shareholders of the listed company decreased to approximately ¥1.16 billion, a drop of 84.44% from ¥7.49 billion in 2023[23]. - The basic and diluted earnings per share for 2024 were both -0.80 yuan, compared to -0.21 yuan in 2023, indicating a significant decline[24]. - The weighted average return on equity decreased to -64.63% in 2024, down 52.35 percentage points from -12.28% in 2023[24]. - The company reported a total revenue of approximately 2.84 billion yuan in the fourth quarter of 2024[27]. - The company’s net profit attributable to shareholders, excluding non-recurring gains and losses, was -965.09 million yuan for the year[27]. - The company reported a net loss attributable to shareholders of 1.515 billion yuan for the reporting period, primarily due to a decline in gross profit margin from real estate project transfers[25]. Asset Management and Restructuring - The company has undergone a significant asset restructuring involving the exchange of 100% equity in several subsidiaries[13]. - The company completed a major asset swap in 2024, resulting in a decrease in net assets and total assets attributable to shareholders[25]. - The company completed a major asset swap, acquiring 51% of Zhuhai Duty-Free, which is now a controlling subsidiary[57]. - The company completed a significant asset swap during the reporting period, transitioning its core business focus to duty-free sales and gradually exiting the real estate sector[58]. - The company has divested from real estate operations in Shanghai, Sanya, and Chongqing, focusing on improving sales and marketing strategies for remaining properties[37]. - The company has committed to gradually complete the divestment of retained real estate business within five years post-transaction completion[152]. - The company will not engage in new real estate projects outside of the Zhuhai area post-transaction[152]. - The company has confirmed that all debts associated with the divested assets are legal and valid, with no disputes or controversies[151]. Market and Industry Trends - The global duty-free and travel retail market is projected to reach USD 73.73 billion (approximately CNY 530 billion) in 2024, reflecting a 2.5% increase from 2023[41]. - The company is expanding its duty-free store layout at key ports and airports, winning bids for new projects at various locations, including Jieyang Chaoshan International Airport and Guangzhou Nansha Port[35]. - The duty-free goods sales revenue increased by 14.19%, with a gross margin of 51.10%[54]. - The real estate sector's revenue dropped by 47.31%, with a gross margin of 12.51%[54]. - The company is planning to shift its industry classification from real estate to "business services" pending approval[46]. Governance and Compliance - The company has established an ESG committee to promote sustainable development and was recognized in the "Top 100 ESG Pioneer Index" for state-owned enterprises[39]. - The company has conducted 6 shareholder meetings during the reporting period, ensuring compliance with regulations and protecting minority shareholder rights[96]. - The board of directors held 13 meetings, focusing on significant transactions and ensuring adherence to legal and regulatory requirements[97]. - The company emphasizes transparency and timely information disclosure, adhering to the regulations set by the China Securities Regulatory Commission and the Shanghai Stock Exchange[99]. - The company has established a robust internal control framework to enhance management efficiency and risk prevention capabilities[100]. Employee and Management Practices - The total pre-tax remuneration for the company's directors and senior management in 2024 amounted to 485.75 million CNY, with specific individuals receiving between 12.00 million CNY and 115.50 million CNY[104]. - The company’s compensation policy aligns employee performance with business objectives, promoting a fair distribution mechanism[127]. - The company has conducted a training program focusing on strategic goals, enhancing employees' business acumen and leadership skills[128]. - The company has established a performance evaluation mechanism for senior management, linking compensation to company performance metrics[132]. Future Outlook and Strategic Initiatives - The company plans to accelerate its exit from the real estate sector by 2025, focusing on strengthening its duty-free business and enhancing its competitive advantage through resource optimization[90]. - The company aims to leverage smart technology innovation to drive consumption upgrades and improve internal resource integration to enhance its industry chain competitiveness[91]. - The company is actively involved in the development of new products and technologies to enhance its competitive edge[113]. - The company plans to implement a three-year shareholder return plan for 2024-2026[114]. Legal and Regulatory Matters - The company received an administrative penalty from the China Securities Regulatory Commission for inventory impairment testing issues, resulting in a warning and a fine[112]. - The company has been fined 3 million yuan for information disclosure violations, receiving a warning and criticism from the Shanghai Stock Exchange[150]. - Gree Real Estate has not faced any disciplinary actions from the Shanghai Stock Exchange or the China Securities Regulatory Commission in the last five years[160]. - The company has confirmed that it is in compliance with all relevant laws and regulations, with no circumstances requiring termination of its operations[160].

致同会计师事务所（特殊普通合伙） t Thornton 47 三 内部控制审计报告 致同审字（2025）第 442A018323 号 格力地产股份有限公司全体股东: 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求, 我们审计了格力地产股份有限公司（以下简称格力地产）2024年 12月 31 日 的财务报告内部控制的有效性。 一、企业对内部控制的责任 格力地产股份有限公司 二〇二四年度 内部控制审计报告 按照《企业内部控制基本规范》、《企业内部控制应用指引》、《企业 内部控制评价指引》的规定,建立健全和有效实施内部控制,并评价其有效 性是格力地产董事会的责任。 二、注册会计师的责任 我们的责任是在实施审计工作的基础上,对财务报告内部控制的有效性 发表审计意见,并对注意到的非财务报告内部控制的重大缺陷进行披露。 三、内部控制的固有局限性 内部控制具有固有局限性,存在不能防止和发现错报的可能性。此外, 由于情况的变化可能导致内部控制变得不恰当,或对控制政策和程序遵循的 程度降低,根据内部控制审计结果推测未来内部控制的有效性具有一定风险。 Grant Thornton 致同 四、财务报告内部控制审计意 ...

关于格力地产股份有限公司 非经营性资金占用及其他关联 资金往来的专项说明 关于格力地产股份有限公司非经营性资金占用及其他关联资金往 来的专项说明 格力地产股份有限公司 2024 年度非经营性资金占用及其他关联资 金往来情况汇总表 1-2 致同会计师事务所（特殊普通合伙） 目 录 致同会计师事务所（特殊普通合伙） 中国北京 朝阳区建国门外大街 22 号 赛特广场 5 层 邮编 100004 电话 +86 10 8566 5588 传真 +86 10 8566 5120 www.grantthornton.cn 根据《上市公司监管指引第 8 号——上市公司资金往来、对外担保的监 管要求》等有关规定，格力地产编制了本专项说明所附的格力地产股份有限 公司 2024 年度非经营性资金占用及其他关联资金往来情况汇总表（以下简称 "汇总表"）。 编制和对外披露汇总表，并确保其真实性、合法性及完整性是格力地产 管理层的责任。我们对汇总表所载资料与我们审计格力地产 2024 年度财务报 表时所复核的会计资料和经审计的财务报表的相关内容进行了核对，在所有 重大方面没有发现不一致。除了对格力地产实施于 2024 年度财务报表审计中 ...

格力地产（600185）公告，2025年第一季度营收为9.19亿元，同比下降58.54%；净亏损9095.65万元， 去年同期净利润2080.35万元。 ...

Group 1 - The core viewpoint of the article highlights significant personnel changes within the Huafa Group and its subsidiaries, Gree Real Estate and Huafa Co., aimed at strategic realignment and operational efficiency [1][2][3] - Gree Real Estate has been transitioning from real estate development to duty-free operations, with a focus on leveraging its acquisition of a 51% stake in Zhuhai Duty-Free to reverse its ongoing losses [2][4] - The new management team at Huafa Co. is expected to drive internal innovation, focusing on refined operations and financial management to address recent performance declines [6][7] Group 2 - Gree Real Estate reported a cumulative net profit loss exceeding 4 billion yuan from 2022 to the third quarter of 2024, indicating the urgency of its transformation efforts [3][5] - The new leadership at Huafa Co. includes experienced executives with backgrounds in urban development and financial management, which may enhance the company's operational capabilities [6][7] - The strategic shift aims to delineate business boundaries between Gree Real Estate and Huafa Co., with Gree focusing on duty-free and non-real estate sectors while Huafa concentrates on core urban markets [3][4]

Group 1: Mergers and Acquisitions Activity - In 2024, Guangdong listed companies are actively engaging in mergers and acquisitions (M&A), leveraging opportunities from the new technological revolution to upgrade the industrial structure and promote high-quality economic development [1][2] - Guangdong listed companies completed 66 M&A transactions in 2024, with a total value of 549.3 billion, ranking first in the country [2] - Major asset restructuring cases include Guangdong Hongda's acquisition of 21% of Xuefeng Technology for over 2.2 billion and Gree Real Estate's asset swap to acquire 51% of a duty-free group [2] Group 2: Policy Support - The China Securities Regulatory Commission (CSRC) has introduced several policies, including the "Eight Measures for the Sci-Tech Innovation Board" and "Six Measures for Mergers and Acquisitions," to support listed companies in M&A activities [2] - Guangdong Province issued measures to enhance the quality of capital markets, encouraging listed companies to utilize M&A and equity incentives to improve development quality [2][3] Group 3: Strategic Developments - Guangzhou has implemented measures to support listed companies and large enterprise groups in M&A, focusing on enhancing competitiveness and leading the industrial chain [3] - The Guangdong Securities Regulatory Bureau is establishing a merger and acquisition ecosystem and has created a database of over 2,000 potential M&A targets [3] Group 4: Company-Specific Developments - Huanlan Environment's acquisition of Yuefeng Environmental is expected to significantly enhance its overall strength and competitiveness, contributing to high-quality development [4] - Songfa Co. plans to transform its main business from daily ceramic products to shipbuilding and high-end equipment through the acquisition of Hengli Heavy Industry [4] - Guangdian Measurement aims to strengthen its "industry + capital" dual-drive strategy by actively investing in quality projects and enhancing existing business through digital technology [4]

并入华发集团之后一周有余，格力地产（600185.SH）就迎来了高层变动。 4月23日，格力地产公告称，董事会于近日收到公司董事长陈辉的书面辞职报告，由于工作调动原因， 陈辉申请辞去其所担任的公司第八届董事会董事、董事长、董事会专门委员会及下属子公司相关职务， 并不再代行公司总裁职责。辞职后，陈辉不再担任格力地产及下属子公司任何职务。 现年54岁的陈辉在2022年10月时正式接手格力地产董事长一职。在此之前，陈辉就在珠海国资体系内有 多段任职经历，其中包括近期格力地产控股股东海投公司，以及被纳入旗下的珠海免税集团。 据格力地产披露，2017年8月至2021年2月，陈辉任珠海市珠光集团控股有限公司副总经理；2021年2月 至2024年2月，任珠海免税集团党委副书记、董事、总经理，2024年2月起，任珠海免税集团党委书记、 董事长、法定代表人；2022年10月起，任海投公司党委书记、董事长、法定代表人。 值得一提的是，郭凌勇也是格力地产控股股东海投公司的党委书记、董事长。企查查显示，今年4月14 日，海投公司董事长发生变化，由陈辉变更为郭凌勇，同时公司法定代表人等也一并变更为郭凌勇。 也正是在4月14日，海投公司 ...

股东结构层面发生调整之际，格力地产（600185.SH）迎来人事变动。 4月22日晚间，格力地产公告于近日收到公司董事长陈辉的书面辞职报告，由于工作调动原因，陈辉申 请辞去其所担任的公司第八届董事会董事、董事长、董事会专门委员会及下属子公司相关职务，并不再 代行公司总裁职责。 辞职后，陈辉不再担任格力地产及下属子公司任何职务。截至4月22日，陈辉未持有格力地产股票。 与此同时，格力地产控股股东珠海投资控股有限公司（以下简称"珠海投控"）提名郭凌勇、李向东为格 力地产第八届董事会非独立董事候选人。公告显示，郭凌勇、李向东均为华发股份（600325.SH）现任 高管。就在不久前，华发股份控股股东珠海华发集团有限公司（以下简称"华发集团"）成为格力地产间 接控股股东。 而对于陈辉的最新去向，格力地产方面对《中国经营报》记者表示："相关信息请以公司公告为准。" 根据格力地产方面此前披露，陈辉出生于1971年，2022年10月起担任格力地产董事长、法定代表人，任 期三年。也就是说，距离其到任日期还有半年之际，陈辉递交了辞呈。 任职时长两年半 陈辉上任格力地产董事长是在曾执掌格力地产14年的鲁君四之后。彼时，格力地产重大 ...

证券代码：600185 证券简称：格力地产 公告编号：临 2025-019 债券代码：250772 债券简称：23 格地 01 格力地产股份有限公司 关于召开2025年第三次临时股东大会的通知 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： 股东大会召开日期：2025年5月8日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票系统 一、 召开会议的基本情况 (一) 股东大会类型和届次 2025年第三次临时股东大会 (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 5 月 8 日 14 点 30 分 召开地点：珠海市石花西路 213 号格力地产股份有限公司会议室 (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 网络投票起止时间：自2025 年 5 月 8 日 至2025 年 5 月 8 日 采用上海证券交易所网络投票系统 ...

格力地产股份有限公司 董事会决议公告 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。 一、董事会会议召开情况 格力地产股份有限公司（以下简称"公司"）第八届董事会第三十二次会议 于 2025 年 4 月 22 日以通讯表决方式召开，会议通知于 2025 年 4 月 21 日以电子 邮件方式发出。本次会议为临时会议，与会的各位董事已知悉与所议事项相关的 必要信息，经全体与会董事同意，豁免本次会议的通知时限。经全体与会董事共 同推举，本次会议由公司董事周优芬女士主持，会议应出席董事 7 人，实际参加 表决董事 7 人。本次会议的召集、召开符合《中华人民共和国公司法》及公司《章 程》规定。 二、董事会会议审议情况 | 证券代码：600185 | 股票简称：格力地产 | | 编号：临 2025-017 | | --- | --- | --- | --- | | 债券代码：250772 | 债券简称：23 | 格地 01 | | （三）审议通过《关于召开 2025 年第三次临时股东大会的议案》。 （一）审议通过《关于补选公司第八届 ...