Group 1: Economic Performance in Hainan - Hainan's service industry (tertiary sector) value added increased by 3.8% year-on-year in the first three quarters of 2025 [1] - The transportation, storage, and postal industry saw a value added growth of 9.0%, while wholesale and retail increased by 7.4% [1] - The real estate sector's value added grew by 4.1%, outperforming the national growth rate [1] Group 2: Financial Performance of Yunnan Chengtou - Yunnan Chengtou reported a total operating revenue of 1.336 billion yuan, a year-on-year decline of 2.97% [2] - The company experienced a net loss of 35 million yuan, a significant increase in loss by 296.01% year-on-year [2] - Basic earnings per share were reported at -0.02 yuan [2] Group 3: Stock Sale by Dongfang Yuhong - Dongfang Yuhong announced plans to sell all of its 32.68 million shares in Kinko Services, representing 5.47% of the total issued shares [3] - The shares were acquired through judicial auction for 214 million yuan, with the sale price to be determined by market conditions [3] - As of the announcement date, the company had already sold 4.2749 million shares in the secondary market for approximately 30.1415 million Hong Kong dollars [3] Group 4: Financial Results of Daming City - Daming City reported third-quarter operating revenue of approximately 349 million yuan, a year-on-year decrease of 86.47% [4] - The net profit attributable to the parent company for the third quarter was approximately 224 million yuan, a year-on-year increase of 156.86% [4] - For the first three quarters of 2025, the company achieved an operating revenue of approximately 1.938 billion yuan, down 49.15%, while net profit increased by 10.66% to approximately 258 million yuan [4] Group 5: Sales Performance of Wukuang Real Estate - Wukuang Real Estate reported a contract sales amount of 3.22 billion yuan for the first three quarters, a year-on-year decline of 24.2% [5] - The total contracted floor area sold was 190,000 square meters, down 14.4% year-on-year [5]

Group 1 - The core point of the article is that Yunnan City Investment (600239.SH) reported a decline in revenue and a net loss for the first three quarters of 2025 compared to the previous year [1] Group 2 - For the first three quarters of 2025, the company achieved total operating revenue of 1.336 billion yuan, a year-on-year decrease of 2.97% [1] - The net profit attributable to shareholders of the parent company was -35.22 million yuan, compared to a net profit of 17.97 million yuan in the same period last year [1] - The basic earnings per share were -0.02 yuan [1]

证券代码：600239 证券简称：云南城投 公告编号：临 2025-081 号 云南城投置业股份有限公司关于公司 2025 年三季度计提资产减值准备的公告 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。 云南城投置业股份有限公司（下称"公司"）于 2025 年 10 月 24 日召开了 第十届董事会第三十六次会议，审议通过了《云南城投置业股份有限公司关于公 司 2025 年三季度计提资产减值准备的议案》，现就公司本次计提资产减值准备 相关事宜公告如下： 一、本次计提资产减值准备的情况概述 为更客观、公允反映公司 2025 年第三季度的资产状况和经营成果，根据《企 业会计准则》及公司现行会计政策确定的资产减值准备确认标准和计提方法，基 于谨慎性原则，公司对截止 2025 年 9 月 30 日合并范围内的资产进行了评估与分 析，对可能存在减值迹象的资产进行了减值测试，并计提资产减值准备。 经测试，2025 年第三季度计提各类资产减值准备 1,884.76 万元；转回及转 销资产减值准备 508.72 万元。 二、计提资产减值准备的 ...

一、会计估计变更概述 证券代码：600239 证券简称：云南城投 公告编号：临 2025-080 号 云南城投置业股份有限公司 关于会计估计变更的公告 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： ● 为更客观、公允反映公司财务状况和经营成果，根据《企业会计准则第 28号——会计政策、会计估计变更和差错更正》《企业会计准则第22号——金融 工具确认和计量》的相关规定，云南城投置业股份有限公司（下称"公司"）对 关联方应收款项计提预期信用损失的会计估计进行变更。 ● 根据《企业会计准则第28号——会计政策、会计估计变更和差错更正》 相关规定，会计估计变更采用未来适用法，无需对已披露的财务报告进行追溯调 整，故对以往年度的财务状况和经营成果不会产生影响。本次会计估计变更自 2025年9月1日起执行。 为更客观、公允反映公司财务状况和经营成果，根据《企业会计准则第28 号——会计政策、会计估计变更和差错更正》《企业会计准则第22号——金融工 具确认和计量》的相关规定，公司拟对关联方应收款项计提预期信用损失的会计 估 ...

证券代码：600239 证券简称：云南城投 公告编号：临 2025-079 号 云南城投置业股份有限公司 第十届董事会第三十六次会议决议公告 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。 一、董事会会议召开情况 云南城投置业股份有限公司（下称"公司"）第十届董事会第三十六次会议 通知及材料于 2025 年 10 月 15 日以邮件的形式发出，会议于 2025 年 10 月 24 日 在公司（昆明市西山区西园南路 34 号融城优郡 A4 栋写字楼）1707 会议室召开。 公司董事长崔铠先生主持会议，本次会议应出席董事 7 名，实际出席董事 5 名。公司董事长崔铠先生、独立董事苏自立先生、独立董事刘志强先生、独立董 事相恒来先生、董事兼财务总监巩明先生均现场参会；董事兼总经理李扬先生因 工作原因不能出席会议，授权委托董事长崔铠先生代为出席并投票表决。董事王 自立女士因工作原因不能出席会议，授权委托独立董事相恒来先生代为出席并投 票表决。 会议符合《中华人民共和国公司法》和《云南城投置业股份有限公司章程》 规定。 2、《云南城投置 ...

关于云南城投置业股份有限公司 专项审计报告 会计估计变更事项专项说明的 | 索引 | 页码 | | --- | --- | | 专项审计报告 | 1-2 | | 会计估计变更事项的专项说明 | 1-2 | 关于云南城投置业股份有限公司 会计估计变更事项专项说明的专项审计报告 XYZH/2025KMAA2B0208 云南城投置业股份有限公司 云南城投置业股份有限公司全体股东： 我们审计了后附的云南城投置业股份有限公司（以下简称云南城投）会计估计变更 事项的专项说明。该会计估计变更事项的专项说明已由云南城投管理层按照规定编制以 满足信息披露监管要求。 一、 管理层的责任 云南城投管理层负责按照《企业会计准则第 28 号——会计政策、会计估计变更和 差错更正》及上海证券交易所的相关规定编制会计估计变更事项的专项说明，并负责设 计、执行和维护必要的内部控制，以使会计估计变更事项按照适用的财务报告编制基础 确认、计量和披露，不存在由于舞弊或错误导致的重大错报。 二、 注册会计师的责任 我们的责任是在执行审计工作的基础上对该会计估计变更事项的专项说明发表审 计意见。我们按照中国注册会计师审计准则的规定执行了审计工作。中国 ...

Core Viewpoint - Yunnan Chenggong Investment (SH 600239) reported a decrease in net profit due to provisions for bad debts and inventory depreciation in Q3 2025, impacting overall profitability [1] Financial Performance - In Q3 2025, the company's total profit decreased by 13.76 million yuan, and net profit attributable to the parent company decreased by 13.79 million yuan [1] - For the first nine months of 2025, the company recorded an increase in total profit by 39.37 million yuan and a net profit increase of 15.28 million yuan due to provisions and adjustments [1] Revenue Composition - For the year 2024, the revenue composition of Yunnan Chenggong Investment is as follows: - Commercial management: 40.25% - Property management: 23.48% - Real estate: 15.72% - Hotel operations: 12.57% - Other businesses: 7.98% [1] Market Capitalization - As of the report date, the market capitalization of Yunnan Chenggong Investment is 4.3 billion yuan [1]

Financial Performance - The company's operating revenue for the third quarter was ¥417,751,499.56, a decrease of 5.64% compared to the same period last year[4] - The total profit for the third quarter was a loss of ¥8,733,938.46, which is an increase in loss of 68.06% year-on-year[4] - The net profit attributable to shareholders was ¥2,498,728.27, reflecting a significant increase of 110.81% compared to the previous year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥76,772,593.58, a decrease of 386.57% year-on-year[4] - The basic earnings per share for the third quarter was ¥0.002, an increase of 115.56% compared to the same period last year[5] - The diluted earnings per share for the third quarter was also ¥0.002, reflecting the same increase of 115.56% year-on-year[5] - The net profit for the first three quarters of 2025 was a loss of CNY 52,941,207.40, compared to a profit of CNY 1,357,684.85 in the same period of 2024[27] - The net profit attributable to the parent company was -35,221,765.65 CNY, compared to a profit of 17,969,059.71 CNY in the previous year[28] - The total comprehensive income amounted to -52,941,207.40 CNY, with the parent company's total comprehensive income at -35,221,765.65 CNY[28] - Basic and diluted earnings per share were both -0.02 CNY, down from 0.01 CNY in the previous year[28] Assets and Liabilities - The total assets at the end of the reporting period were ¥10,362,476,373.59, a decrease of 5.68% from the end of the previous year[5] - The equity attributable to shareholders at the end of the reporting period was ¥1,282,583,713.70, down 2.67% from the previous year[5] - The company's total assets as of September 30, 2025, were CNY 10,362,476,373.59, a decrease from CNY 10,987,067,002.49 at the end of 2024[24] - Current assets totaled CNY 2,684,358,502.41 as of September 30, 2025, down from CNY 2,969,651,449.05 at the end of 2024[22] - The total liabilities as of September 30, 2025, were CNY 8,324,900,032.99, compared to CNY 8,896,549,454.49 at the end of 2024[24] - Total assets decreased to CNY 7,608,442,761.24 from CNY 7,966,425,412.62, reflecting a reduction in both current and non-current assets[35] - The total liabilities decreased to CNY 6,263,977,014.99 from CNY 6,617,586,710.94, indicating a potential improvement in the company's leverage position[35] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥673,560,077.38, an increase of 370.33% compared to the same period last year[5] - Cash flow from operating activities generated a net inflow of 673,560,077.38 CNY, a significant improvement from a net outflow of -249,159,287.92 CNY in the previous year[30] - Cash inflow from operating activities totaled ¥1,371,078.15 thousand, an increase from ¥1,070,827.80 thousand in the same period last year[42] - Net cash flow from operating activities was -¥61,521,467.62 thousand, compared to -¥68,504,784.10 thousand in the previous year[42] - Cash inflow from investment activities amounted to ¥147,027,100.00 thousand, down from ¥351,013,861.92 thousand year-over-year[42] - Cash outflow from financing activities was ¥54,121,519.63 thousand, a decrease from ¥96,544,417.63 thousand in the previous year[42] - The ending balance of cash and cash equivalents was ¥102,988.09 thousand, down from ¥471,235.88 thousand year-over-year[42] Shareholder Information - As of the end of the reporting period, the total number of common shareholders is 54,025[13] - The largest shareholder, Yunnan Province Kanglv Holding Group Co., Ltd., holds 627,050,575 shares, accounting for 39.05% of total shares[13] Sales and Market Performance - In Q3 2025, the company reported a total sales area of 1,754.21 square meters, representing a year-on-year growth rate of 52.84%[17] - The residential sales area in Q3 2025 was 1,713.37 square meters, with a year-on-year increase of 65.86%[17] - The total rental income for the first three quarters of 2025 was 18,212.20 million yuan, with a rental rate of 88.73% for self-owned properties[17] - The rental rate for properties in the western region is 91.50%, while the eastern region is 80.73%[17] Operational Changes and Strategies - The company completed the transfer of equity for 11 subsidiaries, with a total recovery of approximately 44.46 billion yuan from the sale of assets[19] - The company has no new land reserves or construction areas in Q3 2025[16] - The company is actively coordinating with shareholders to complete the registration procedures for the remaining subsidiaries from previous asset transfers[19] - The legal representative of the wholly-owned subsidiary Yuntai Commercial Management (Tianjin) Co., Ltd. has been changed to Li Xiang[20] - The company is exploring new market expansion strategies and product development to enhance future growth prospects[40] - The management team remains committed to improving operational efficiency and addressing the challenges faced in the current market environment[40] Financial Reporting Changes - The company plans to implement new accounting standards starting in 2025, which may affect future financial reporting[43]

Core Viewpoint - Yunnan Chenggong Investment announced its third quarterly report for 2025, highlighting its revenue composition and current market valuation [1] Revenue Composition - For the year 2024, the revenue composition of Yunnan Chenggong Investment is as follows: - Commercial management: 40.25% - Property management: 23.48% - Real estate: 15.72% - Hotel operations: 12.57% - Other businesses: 7.98% [1] Market Valuation - As of the report date, the market capitalization of Yunnan Chenggong Investment is 4.3 billion yuan [1]

云南城投公告，第三季度营收为4.18亿元，同比下降5.64%；净利润为249.87万元，同比增长110.81%。 前三季度营收为13.36亿元，同比下降2.97%；净利润亏损3522.18万元。 ...