Core Points - Hefei Urban Construction Development Co., Ltd. has successfully acquired land use rights for two plots in Shushan District, Hefei, to increase land reserves [1][2] - The company held a board meeting on September 25, 2025, where it unanimously approved participation in the bidding for the land parcels [1] - The total expenditure for the land use rights amounts to RMB 42,372.92 million, funded through the company's own resources [1][2] Summary by Sections Plot SS202505 - Located in Shushan District, the area is 37.5209 acres with a total land use rights transfer amount of RMB 32,293.48 million [1] - The plot includes 19.839 acres designated for commercial financial use with a 40-year lease and a floor area ratio (FAR) of ≤4.0, costing RMB 7,538.82 million [1] - The residential portion covers 17.6819 acres with a 70-year lease and a FAR of ≤2.0, costing RMB 24,754.66 million [1] Plot SS202506 - This plot is located in Shushan District, covering an area of 7.0982 acres with a total land use rights transfer amount of RMB 10,079.44 million [2] - It is designated for residential use with a 70-year lease and a FAR of ≤2.2 [2]

Core Viewpoint - The announcement from Chengjian Development regarding its stake in Huaneng Capital and the receipt of dividend payments highlights the company's investment strategy and expected future income from its holdings [1] Group 1 - Chengjian Development holds 2.8 million shares of Huaneng Capital, representing 2.86% of the total share capital of 9.8 billion shares [1] - The company received a dividend payment of 23,625,000.00 yuan from Huaneng Capital, which will be recorded as investment income for the fiscal year 2025 [1]

华能资本服务有限公司（以下简称"华能资本"）总股本 98 亿股， 公司持有 2.8 亿股，占其总股本的 2.86%。日前，公司收到华能资本 2024 年度第二次分红款 23,625,000.00 元，该笔款项将计入公司 2025 年度投资收益。 特此公告。 证券代码：600266 证券简称：城建发展 公告编号：2025－50 北京城建投资发展股份有限公司董事会 北京城建投资发展股份有限公司 关于收到华能资本服务有限公司现金分红的公告 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个别及连带责任。 2025 年 9 月 30 日 ...

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。 证券代码：600266 证券简称：城建发展 公告编号：2025-51 北京城建投资发展股份有限公司 关于收到深圳市中科招商创业投资有限公司现金分红的公告 深圳市中科招商创业投资有限公司（以下简称"中科招商"）总股 本 4 亿股，公司持有 1.2 亿股，占其总股本的 30%，公司对中科招商 的长期股权投资收益按权益法核算。日前，公司收到中科招商 2025 年 半年度分红款 24,000,000.00 元。 北京城建投资发展股份有限公司董事会 2025 年 9 月 30 日 特此公告。 ...

Group 1 - The core point of the article is that Chengjian Development (600266.SH) has received a dividend payment of 24 million yuan from its long-term equity investment in Zhongke Investment, which holds 30% of the company's total shares [1] - Chengjian Development holds 120 million shares of Zhongke Investment, which has a total share capital of 400 million shares [1] - The company accounts for the long-term equity investment income from Zhongke Investment using the equity method [1]

格隆汇9月29日丨城建发展(600266.SH)公布，华能资本服务有限公司（以下简称"华能资本"）总股本98 亿股，公司持有2.8亿股，占其总股本的2.86%。日前，公司收到华能资本2024年度第二次分红款2362.5 万元，该笔款项将计入公司2025年度投资收益。 ...

城建发展公告，公司持有华能资本服务有限公司2.8亿股，占其总股本的2.86%。日前，公司收到华能资 本2024年度第二次分红款2362.5万元，该笔款项将计入公司2025年度投资收益。 ...

格隆汇9月29日丨城建发展(600266.SH)公布，深圳市中科招商创业投资有限公司(以下简称"中科招商") 总股本4亿股，公司持有1.2亿股，占其总股本的30%，公司对中科招商的长期股权投资收益按权益法核 算。日前，公司收到中科招商2025年半年度分红款2400万元。 ...

Investment Rating - The report maintains an "Overweight" rating for the real estate industry [4] Core Views - The current monetary policy stance in China is supportive, with measures to optimize down payment ratios and mortgage rates, potentially reducing interest expenses for over 50 million households by approximately 300 billion yuan annually [10][11] - The real estate sector is viewed as an early-cycle indicator, making it a key economic barometer [4] - The competitive landscape in the industry is improving, with leading state-owned enterprises and select mixed-ownership and private companies expected to benefit more in the future [4] - The report emphasizes a focus on first-tier and select second- and third-tier cities, which have shown better performance during sales rebounds [4] - Supply-side policies, including land storage and management of idle land, are critical areas to monitor for future developments [4] Summary by Sections Market Overview - The real estate index decreased by 0.2% this week, underperforming the CSI 300 index by 1.22 percentage points, ranking 11th among 31 sectors [12] - In the past week, 30 cities recorded new housing transaction areas of 186.1 million square meters, a 20.0% increase month-on-month but a 23.6% decrease year-on-year [23] New Housing Transactions - New housing transaction areas in first-tier cities reached 55.8 million square meters, up 11.6% month-on-month and up 12.5% year-on-year [23] - Second-tier cities saw transactions of 91.0 million square meters, a 41.9% increase month-on-month but a 20.5% decrease year-on-year [23] - Third-tier cities recorded 39.2 million square meters, down 4.1% month-on-month and down 50.6% year-on-year [23] Second-Hand Housing Transactions - The total transaction area for second-hand housing in 14 sample cities was 198.9 million square meters, a 1.4% increase month-on-month and a 13.9% increase year-on-year [31] - Year-to-date, the cumulative transaction area for second-hand housing is 7,815.4 million square meters, reflecting a 17.3% increase year-on-year [31] Credit Bond Issuance - This week, 14 credit bonds were issued by real estate companies, totaling 14.781 billion yuan, a 67.61 billion yuan increase from the previous week [41] - The net financing amount was 4.562 billion yuan, marking a significant increase of 111.56 billion yuan from the previous week [41]

Group 1 - A new company, Beijing Jianxing Fenghui Real Estate Co., Ltd., has been established with a registered capital of 2.9 billion yuan [1] - The company's business scope includes real estate development and operation, residential interior decoration, parking services, and property management [1] - The company is jointly held by Urban Construction Development (600266) and other stakeholders [1]