Group 1 - The core point of the article highlights the recent trading activity of Wantong Development, which saw a decline of 2.42% in its stock price, closing at 11.67 yuan [1] - On November 5, a significant block trade occurred involving 1.749 million shares, with a total transaction value of approximately 19.99 million yuan, at a price of 11.43 yuan per share, reflecting a premium rate of -2.06% [1] - Over the past three months, Wantong Development has recorded a total of 7 block trades, amounting to a cumulative transaction value of 206 million yuan [1] Group 2 - In the last five trading days, the stock has experienced a cumulative decline of 4.73%, with a net outflow of 108 million yuan from major funds [1]

Core Viewpoint - Wan Tong Development (600246.SH) announced the completion of a share reduction plan by Beijing Fuyuan, which involved the sale of a total of 2,459.44 million shares, representing 1.3% of the company's total share capital [1] Summary by Category Share Reduction Details - Beijing Fuyuan reduced its holdings through centralized bidding, selling 17.5944 million shares, which accounts for 0.93% of the total share capital [1] - Additionally, Beijing Fuyuan executed a block trade, selling 7 million shares, representing 0.37% of the total share capital [1]

证券代码：600246 证券简称：万通发展 公告编号：2025-083 公司于 2025 年 8 月 6 日披露《关于持股 5%以上股东权益变动至 5%以下的 提示性公告》（公告编号：2025-064）。北京复远于 2025 年 8 月 1 日至 2025 年 8 月 5 日，通过大宗交易和集中竞价交易方式合计减持公司股份 15,479,500 股，占 公司总股本的 0.81884%。本次权益变动后，北京复远持有公司股份 94,520,500 股，占公司总股本的 4.99999%，不再为公司持股 5%以上股东。 北京万通新发展集团股份有限公司 关于公司股东减持股份计划期限届满暨减持结果公告 本公司董事会、全体董事及相关股东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： 股东持股的基本情况 本次股份减持计划实施前，北京万通新发展集团股份有限公司（以下简称"公 司"）股东北京复远投资管理有限公司（代表"复远复兴一号私募证券投资基金"） （以下简称"北京复远"）持有公司股份 110,000,000 股，占公司总股本的 5.82%。 减持计 ...

Core Viewpoint - Beijing Fuyuan's share reduction plan has expired, resulting in a decrease in its stake in Wantong Development [1] Group 1: Shareholding Changes - Before the reduction, Beijing Fuyuan held 110 million shares, accounting for 5.82% of the total share capital [1] - From August 1 to August 26, 2025, Beijing Fuyuan reduced its holdings by 24.5944 million shares, representing 1.30% of the total share capital [1] - The total amount from the reduction was 210 million yuan, with a share price range of 6.54 to 13.23 yuan per share [1] Group 2: Remaining Holdings - After the reduction, Beijing Fuyuan holds 85.4056 million shares, which is 4.52% of the total share capital [1] - The original plan to reduce 3% of its shares was not fully completed [1]

Core Viewpoint - Beijing Fuyuan Investment Management Co., Ltd. has reduced its stake in Wantong Development by selling a total of 24,594,436 shares, representing 1.30% of the company's total share capital, during the designated reduction period [1] Summary by Categories Share Reduction Details - The share reduction was executed through two methods: 17,594,436 shares were sold via centralized bidding and 7,000,000 shares through block trading [1] - The selling price ranged from 6.54 to 13.23 yuan per share, resulting in a total reduction amount of 210 million yuan [1] Ownership Changes - Following the reduction, Beijing Fuyuan holds 85,405,564 shares in Wantong Development, decreasing its ownership percentage from 5.82% to 4.52% [1] - The reduction did not meet the original plan to sell 32,117,864 shares, as the designated time frame for the reduction has expired [1]

Core Viewpoint - 万通发展 is a diversified real estate company in China, engaged in real estate development and sales, urban renewal and operation, and communication and digital technology, with a focus on improving its market position and financial performance [1] Group 1: Business Performance - In Q3 2025, 万通发展 reported revenue of 317 million yuan, ranking 57th out of 69 in the industry, significantly lower than the top competitors, Poly Developments at 173.72 billion yuan and Vanke A at 161.39 billion yuan, as well as below the industry average of 11.73 billion yuan [2] - The company's net profit for the same period was -19.08 million yuan, ranking 38th in the industry, again trailing behind Poly Developments' 6.515 billion yuan and *ST Zhongdi's 4.586 billion yuan, but better than the industry average of -707 million yuan [2] Group 2: Financial Ratios - 万通发展 has a debt-to-asset ratio of 32.01% in Q3 2025, up from 30.27% year-on-year, which is significantly lower than the industry average of 60.51%, indicating relatively low debt pressure [3] - The company's gross profit margin in Q3 2025 was 29.41%, slightly down from 30.78% year-on-year, but still above the industry average of 19.19%, reflecting a competitive advantage in profitability [3] Group 3: Shareholder Information - As of June 30, 2025, the number of A-share shareholders decreased by 14.40% to 58,700, while the average number of circulating A-shares held per account increased by 15.22% to 32,600 [5] - Among the top ten circulating shareholders as of September 30, 2025, Hong Kong Central Clearing Limited ranked fifth with 24.6642 million shares, an increase of 13.0461 million shares from the previous period [5]

根据《上海证券交易所上市公司自律监管指引第 3 号行业信息披露：第一号 ——房地产》的要求，北京万通新发展集团股份有限公司（以下简称"公司"） 2025 年 1-9 月份房地产业务主要经营数据如下： 一、公司 2025 年 1-9 月销售情况 2025 年 1-9 月，公司房地产业务实现合同销售总面积 0.82 万平方米，与上 年同期相比减少 42%；实现合同销售总金额 12,246.66 万元，与上年同期相比减 少 39%。 证券代码：600246 证券简称：万通发展 公告编号：2025-082 北京万通新发展集团股份有限公司 2025 年 1-9 月份经营情况简报 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。 特此公告。 北京万通新发展集团股份有限公司 董事会 2025 年 10 月 31 日 附件：公司 2025 年 1-9 月份房地产业务主要经营数据 1. 报告期内房地产销售情况 二、公司 2025 年 1-9 月出租情况 2025 年 1-9 月，公司房地产业务实现合同出租总面积 13.06 万平方米，与上 年同期 ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥130,324,861.51, representing a year-on-year increase of 34.92%[4] - The total profit for the period was ¥7,833,088.23, a significant increase of 120.02% compared to the same period last year[4] - The net profit attributable to shareholders was ¥8,240,850.60, reflecting a year-on-year growth of 122.33%[4] - The net cash flow from operating activities for the year-to-date period increased by 318.01% to ¥167,916,974.54[4] - The company reported a net profit attributable to shareholders after deducting non-recurring gains and losses of -¥50,963,165.17 for the current period[4] - Total operating revenue for the first three quarters of 2025 was CNY 317,263,391.49, a decrease of 4.45% compared to CNY 331,748,661.02 in the same period of 2024[23] - Net profit for the first three quarters of 2025 was a loss of CNY 19,083,975.72, an improvement from a loss of CNY 126,343,497.15 in the same period of 2024[24] - The total comprehensive income attributable to the parent company was -21,316,086.75 CNY, compared to -116,636,635.58 CNY in the previous year[26] - The company reported a basic earnings per share of -0.0105 CNY, an improvement from -0.0620 CNY in the previous year[26] Assets and Liabilities - The total assets at the end of the reporting period were ¥8,141,912,237.10, an increase of 3.64% from the previous year[5] - The company's total assets increased to CNY 8,141,912,237.10 from CNY 7,855,783,088.36, representing a growth of 3.64%[20] - Total liabilities rose to CNY 2,606,118,301.13, up from CNY 2,406,161,351.56, indicating an increase of 8.32%[20] - The company's equity attributable to shareholders increased to CNY 5,246,752,724.22 from CNY 5,176,555,970.37, a rise of 1.35%[21] Cash Flow - As of September 30, 2025, the company's cash and cash equivalents amount to approximately 1.06 billion RMB, down from 1.21 billion RMB at the end of 2024[18] - The net cash flow from operating activities was 167,916,974.54 CNY, a significant improvement from -77,021,795.43 CNY in the same period last year[28] - Cash received from the sale of goods and services was 318,780,429.55 CNY, down from 352,427,763.48 CNY year-over-year[27] - The net cash flow from investing activities was -218,845,534.32 CNY, compared to -167,000,951.71 CNY in the previous year[28] - Cash and cash equivalents at the end of the period totaled 1,063,497,022.09 CNY, slightly down from 1,058,028,439.37 CNY year-over-year[28] - Total cash outflows from operating activities were 213,505,946.62 CNY, compared to 450,915,116.23 CNY in the same period last year[28] - The company received 468,697,813.05 CNY from investment recoveries, a significant increase from 8,558,056.85 CNY in the previous year[28] - The company paid 138,182,445.05 CNY in dividends and interest, up from 74,137,943.33 CNY year-over-year[28] Investments and Acquisitions - The company completed the acquisition of Beijing Shudu Information Technology Co., marking its entry into the advanced digital chip industry[10] - The company invested a total of 854.45 million RMB to acquire a 62.98% stake in Beijing Shudu Information Technology Co., making it a subsidiary[16] Real Estate Operations - The real estate business achieved a total contract sales area of 0.82 million square meters, generating contract sales revenue of ¥122.47 million from January to September 2025[10] - The company's investment property sales amounted to 0.48 million square meters, generating revenue of ¥38.67 million[10] - The total leasable area for Beijing Wantong Center is 35,349.11 square meters with a rental rate of 185-300 RMB/sqm and an occupancy rate of 82%, generating an operating income of 49.92 million RMB[12] - Shanghai Wantong Center has a total leasable area of 79,929.63 square meters, an occupancy rate of 60%, and an operating income of 46.01 million RMB, with rental rates between 150-175 RMB/sqm[12] - Tianjin Wantong Center's total leasable area is 93,789.99 square meters, with a 76% occupancy rate and operating income of 29.87 million RMB, rental rates range from 59-351 RMB/sqm[12] - Hangzhou Future Technology City has a total leasable area of 38,520.77 square meters, an occupancy rate of 59%, and operating income of 16.02 million RMB, with rental rates between 45-68 RMB/sqm[12] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 132,113[14] - The largest shareholder, Jia Hua Dong Fang Holdings, holds 364,389,141 shares, accounting for 19.28% of total shares, with 361,084,770 shares pledged[14] - Wantong Investment Holdings holds 278,249,789 shares, representing 14.72% of total shares, with 263,348,560 shares pledged[14] Research and Development - Research and development expenses significantly decreased to CNY 257,629.27 from CNY 6,508,392.64, a reduction of 96.04%[24] Future Strategy - The company plans to focus on market expansion and new product development as part of its future strategy[25] Accounting Standards - The company did not apply new accounting standards for the current reporting period[29]

Core Insights - The company reported a significant increase in third-quarter revenue and net profit, indicating strong performance in that period [1] - However, the year-to-date figures show a decline in revenue and a net loss, suggesting challenges faced earlier in the year [1] Financial Performance - In Q3, the company achieved revenue of 130 million, a year-on-year increase of 34.92% [1] - The net profit attributable to shareholders for Q3 was 8.24 million, reflecting a year-on-year growth of 122.33% [1] - For the first three quarters, the company recorded total revenue of 317 million, a year-on-year decrease of 4.37% [1] - The net loss attributable to shareholders for the first three quarters was 19.80 million, which is an increase in loss of 82.94% year-on-year [1]

Group 1 - The company's Q3 revenue reached 130 million yuan, representing a year-on-year increase of 34.92% [1] - The net profit for Q3 was 7.83 million yuan, showing a significant year-on-year growth of 120.02% [1] Group 2 - For the first three quarters, the company's revenue totaled 317 million yuan, reflecting a year-on-year decline of 4.37% [1] - The net profit for the first three quarters was -22.16 million yuan, indicating a year-on-year decrease of 82.15% [1]