Company Overview - Chengjian Development (SH 600266) announced its 27th meeting of the 9th Board of Directors held on October 30, 2025, where it reviewed the proposal for inventory impairment provision [1] - As of the report date, Chengjian Development has a market capitalization of 10.9 billion yuan [1] Revenue Composition - For the year 2024, the revenue composition of Chengjian Development is as follows: - Real estate development (housing sales) accounts for 73.5% - Real estate development (land primary development) accounts for 23.68% - Rental income accounts for 2.22% - Other businesses account for 0.31% - Property management accounts for 0.19% [1]

Financial Performance - The company's operating revenue for the third quarter reached ¥6,551,419,001.71, an increase of 25.01% compared to the same period last year[4] - The total profit for the third quarter was ¥769,345,569.31, a decrease of 7.52% year-on-year[4] - The net profit attributable to shareholders was ¥156,461,433.66, down 77.09% from the previous year[4] - The basic earnings per share for the third quarter was ¥0.0521, a decrease of 82.92% compared to the same period last year[4] - The company reported a significant increase in total profit for the year-to-date period, up 107.92% due to increased revenue recognition and a rise in the value of trading financial assets[9] - The net profit attributable to shareholders for the year-to-date period was ¥764,828,507.99, reflecting a 40.24% increase year-on-year[4] - The company experienced a substantial decline in net profit attributable to shareholders in the third quarter due to fluctuations in the value of trading financial assets[9] - Total operating revenue for the first three quarters of 2025 reached CNY 19.31 billion, a significant increase from CNY 11.76 billion in the same period of 2024, representing a growth of approximately 64.5%[20] - Net profit for the first three quarters of 2025 was CNY 894.49 million, up from CNY 392.57 million in 2024, reflecting a growth of approximately 128.3%[21] - The operating profit for the first three quarters of 2025 was CNY 1.51 billion, compared to CNY 728.69 million in 2024, indicating an increase of about 106.5%[21] - Basic earnings per share for the first three quarters of 2025 were CNY 0.2985, up from CNY 0.1918 in 2024, reflecting an increase of approximately 55.7%[22] - The company reported a significant increase in investment income, reaching CNY 423.30 million, compared to a loss of CNY 197.72 million in the previous year[21] - The company’s total comprehensive income for the first three quarters of 2025 was ¥1,115,899,785.00, compared to ¥582,775,454.42 in 2024, showing an increase of approximately 91.5%[30] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was ¥6,116,839,269.77, an increase of 47.87%[4] - Operating cash flow for the first three quarters of 2025 reached CNY 6,116,839,269.77, an increase of 47.9% compared to CNY 4,136,614,373.60 in the same period of 2024[24] - The company reported a net increase in cash and cash equivalents of CNY 790,338,853.39 for the first three quarters of 2025, compared to a decrease of CNY 3,745,878,983.48 in the same period of 2024[25] - The company’s cash and cash equivalents at the end of September 2025 were CNY 10,569,675,709.27, up from CNY 9,833,751,592.27 at the end of 2024[25] - The cash and cash equivalents at the end of the period were ¥3,438,577,391.10, up from ¥1,119,374,194.19 in 2024, indicating a significant increase in liquidity[33] Assets and Liabilities - Total assets at the end of the reporting period were ¥109,395,940,777.09, a decrease of 10.50% from the end of the previous year[5] - The total current assets amount to ¥89,519,615,683.42, a decrease from ¥103,061,663,314.08 in the previous period[16] - Long-term equity investments increased to ¥4,305,443,676.88 from ¥3,667,146,647.57[16] - The company's total assets amounted to CNY 109.40 billion, a decrease from CNY 122.23 billion in the previous period[18] - Total liabilities decreased to CNY 84.11 billion from CNY 97.81 billion, showing a reduction of about 13.9%[18] - The company's total liabilities as of September 30, 2025, were CNY 32,051,615,164.67, down from CNY 32,653,847,846.21 at the end of 2024[26] - Current liabilities totaled CNY 7,200,042,197.17 as of September 30, 2025, compared to CNY 5,080,682,765.10 at the end of 2024, indicating a significant increase[26] - Long-term liabilities decreased to CNY 24,851,572,967.50 from CNY 27,573,165,081.11 year-over-year[26] Shareholder Information - Total number of common shareholders at the end of the reporting period is 47,627[12] - Beijing Urban Construction Group Co., Ltd. holds 944,663,261 shares, representing 45.5% of total shares[12] - The company has no significant changes in the top 10 shareholders or their shareholding status[13] - The company has not engaged in any share lending or borrowing activities during the reporting period[13] Operational Updates - There are no significant reminders for investors regarding the company's operational situation during the reporting period[14] - The company has no significant changes in the top 10 shareholders or their shareholding status[13]

证券代码：600266 证券简称：城建发展 公告编号：2025－52 2025年10月21日，北京城建投资发展股份有限公司（以下简称"公 司"）第九届董事会第二十六次会议在公司六楼会议室召开，会议审 议通过了关于参与北京市昌平区东小口镇CP02-0405-0001地块出让 预申请及后续竞买的议案，同意公司联合其他合作伙伴或独立参与北 京市昌平区东小口镇贺村中滩村组团B地块重点村旧村改造项目 CP02-0405-0001地块出让预申请及后续竞买活动。 北京城建投资发展股份有限公司 关于竞得北京市昌平区东小口镇贺村中滩村组团 B 地块 重点村旧村改造项目 CP02-0405-0001 地块 国有建设用地使用权的公告 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。 北京城建投资发展股份有限公司董事会 2025 年 10 月 31 日 由于上述事项涉及商业秘密，根据《上市公司信息披露暂缓与豁 免管理规定》及《北京城建投资发展股份有限公司信息披露暂缓与豁 免业务管理制度》，公司暂缓披露了上述事项。 2025年10月30日，公司收到 ...

北京城建投资发展股份有限公司 证券代码：600266 证券简称：城建发展 公告编号：2025-54 公司董事会审议通过了《关于计提存货跌价准备的议案》，同意 公司对北京合院、龙樾合玺、府前龙樾、北京国际社区等项目的部分 存货计提存货跌价准备，计提金额为 86,279 万元。 关于计提存货跌价准备的公告 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个别及连带责任。 2025 年 10 月 30 日，北京城建投资发展股份有限公司（以下简 称"公司"）第九届董事会第二十七次会议审议通过了《关于计提存 货跌价准备的议案》。现将相关情况公告如下： 一、计提存货跌价准备情况 公司期末存货按照成本与可变现净值孰低计量。存货跌价准备按 单项存货成本高于其可变现净值的差额计提。可变现净值按日常活动 中，以存货的估计售价减去至完工时估计将要发生的成本、估计的销 售费用以及相关税费后的金额确定。 2025 年三季度，根据对公司降价项目审批销售价格、成本、交 易费用以及相关税费等情况，公司对北京合院、龙樾合玺、府前龙樾、 北京国际社区等项目存货跌价情况进行了 ...

北京城建投资发展股份有限公司 变更会计师事务所公告 证券代码：600266 证券简称：城建发展 公告编号：2025-55 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： 一、拟聘任会计师事务所的基本情况 （一）机构信息 1.基本信息 中兴华会计师事务所成立于 1993 年，2000 年由国家工商管 理总局核准，改制为"中兴华会计师事务所有限责任公司"。2009 1 拟聘任的会计师事务所名称：中兴华会计师事务所（特 殊普通合伙）（以下简称"中兴华所"） 原聘任的会计师事务所名称：大华会计师事务所（特殊 普通合伙）（以下简称"大华所"） 变更会计师事务所的简要原因及前任会计师的异议情况： 鉴于大华所已连续五年为公司提供审计服务，经询价比 选，公司拟聘用中兴华所为公司 2025 年度审计机构，大 华所无异议。 年吸收合并江苏富华会计师事务所，更名为"中兴华富华会计师 事务所有限责任公司"。2013 年公司进行合伙制转制，转制后的 事务所名称为"中兴华会计师事务所（特殊普通合伙）"。注册地 址：北京市丰台区丽泽路 2 ...

证券代码：600266 证券简称：城建发展 公告编号：2025-56 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。 北京城建投资发展股份有限公司（以下简称"公司"）2025年第 三季度房地产经营情况如下： 二、商业地产出租情况 2025年第三季度公司商业地产持有面积47.81万平方米，商业地 产经营额1.69亿元。 由于房地产项目销售过程中存在各种不确定性，上述数据可能与 定期报告披露的数据存在差异，相关数据以公司定期报告为准。 特此公告。 北京城建投资发展股份有限公司 关于 2025 年第三季度房地产经营情况的公告 一、房地产项目开发情况 2025年第三季度公司新增土地储备总建筑面积5.80万平方米（权 益面积2.78万平方米），去年同期为26.74万平方米（权益面积25.19万 平方米）；开复工面积432.61万平方米，去年同期506.15万平方米；新 开工面积6.70万平方米，去年同期为38.65万平方米；竣工面积59.22 万平方米，去年同期为40.08万平方米；公司实现销售面积10.48万平 方米（含全资、控 ...

Core Viewpoint - The company, in partnership with Beijing Lanhua Yu Real Estate Development Co., Ltd., has successfully acquired a significant land parcel for urban redevelopment in Changping District, Beijing, for a total price of 2.809 billion yuan [1] Group 1: Acquisition Details - The company and its partner won the bid for the state-owned land use rights of the CP02-0405-0001 plot, which is part of the key village renovation project in He Village, Dongxiaokou Town, Changping District [1] - The investment ratio between the company and Beijing Lanhua Yu is set at 80% to 20% [1] - The total land area of the acquired plot is 31,342.65 square meters, with an above-ground construction area of 87,759.41 square meters [1]

Core Insights - The East Xiaokou area has not seen new housing supply in the past three years, with the last land transfer dating back to the limited competition housing period in 2020 [1][4] Group 1: Land Sale Details - On October 30, a consortium of Beijing Urban Construction and Beijing Lanhua Yu Real Estate Development Co., Ltd. acquired a land parcel in Changping District for 2.809 billion yuan, with a floor price of approximately 32,000 yuan per square meter [2] - The land parcel is designated for residential use, covering an area of approximately 31,300 square meters, with a controlled building scale of about 87,800 square meters and a plot ratio of 2.8 [2] - The project requires the construction of 500 square meters of community management service space, which must be handed over to the relevant authorities upon completion [2] Group 2: Location and Infrastructure - The land is strategically located between the North Fifth and North Sixth Ring Roads, approximately 3 kilometers from the North Fifth Ring Road, and is in proximity to Haidian District and Chaoyang District [3] - The area is set to benefit from the upcoming construction of the subway Line 13B, which is expected to enhance transportation convenience [3] - Surrounding facilities include mature commercial resources like Xisanqi Mixc and recreational areas such as East Xiaokou Urban Leisure Park, along with medical institutions like Tsinghua Changgung Hospital [3] Group 3: Market Dynamics and Challenges - The unique geographical layout of the land allows it to cater to the housing needs of internet professionals from nearby areas, benefiting from the influence of the Wangjing business district [3] - The East Xiaokou area has not had new housing supply for three years, indicating potential market development space [3] - The project faces challenges such as a plot ratio of 2.8 and a building height limit of 60 meters, which may restrict product forms [4] - The upcoming subway line and educational facilities' development timelines remain uncertain, potentially impacting the project's value realization [4] - The land sale reflects the market's acceptance of policy relaxations outside the Fifth Ring Road and indicates developers' outlook on the future real estate trends in southern Changping [4]

Core Insights - The Beijing Changping District has seen a recent land transaction where a consortium led by Beijing Urban Construction Investment Development Co., Ltd. acquired a key village redevelopment project for a base price of 2.809 billion yuan, translating to an approximate floor price of 32,000 yuan per square meter [1][4] Group 1: Land Transaction Details - The acquired land is located in Dongxiaokou Town, covering an area of approximately 31,300 square meters with a planned building area of about 87,800 square meters and a plot ratio of 2.8 [1] - The site requires the construction of a 500 square meter community management service facility, which will be handed over to the relevant authorities upon completion [1] - The geographical location of the site is strategic, situated between the North Fifth and North Sixth Ring Roads, approximately 3 kilometers from the North Fifth Ring Road, and adjacent to Haidian District [1] Group 2: Surrounding Infrastructure and Market Context - The site is near the under-construction Metro Line 13B, expected to open next year, and is surrounded by various amenities including shopping centers and parks, enhancing its livability [2] - The Dongxiaokou area has not seen new residential land supply in over five years, with the last land sale occurring in February 2020 at an average selling price of approximately 58,000 yuan per square meter [3] - Current second-hand housing prices in the vicinity are around 40,000 yuan per square meter for older units, while newer units range from 60,000 to 80,000 yuan per square meter [3] Group 3: Future Development and Challenges - The project is expected to face challenges such as a plot ratio of 2.8 and a building height limit of 60 meters, which may restrict product types [3] - There are uncertainties regarding the completion of the metro line and the establishment of educational facilities, which could impact the project's value realization [3] - Upcoming land supply in November includes six residential plots across various districts, totaling an area of 202,600 square meters and a starting price of approximately 12.0536 billion yuan [4]

Core Insights - The Apple Garden Comprehensive Transportation Hub is a key project in Beijing, integrating transportation and urban development, expected to be completed by the end of 2025 [1][11] - The hub will serve as a large urban complex, combining transportation transfer, commercial services, and industrial collaboration [1][9] Project Overview - The hub covers a total construction area of 298,000 square meters, with 94,000 square meters dedicated to transportation functions and 147,000 square meters for commercial and office services [5] - It is strategically located near major roads and commercial centers, facilitating connections between three subway lines (Line 1, Line 6, and S1) [5][9] Design and Functionality - The design features a clear and simple aesthetic, with separate bus platforms for passenger convenience [3] - The hub includes both aerial and underground transportation systems, allowing easy access to surrounding commercial areas and parks [7][8] Development Impact - The hub aims to enhance public transportation efficiency and alleviate traffic pressure in the Shijingshan District and the broader Jingxi area [9] - It is expected to increase land value in the vicinity and promote synergy among transportation, logistics, commerce, and dining sectors [9]