2024 年度审计报告 尤振审字[2025]第 0421 号 天津津投城市开发股份有限公司 天津津投城市开发股份有限公司 审计报告及财务报表 （2024 年 01 月 01 日至 2024 年 12 月 31 日止） | | | 目录 | 页次 | | | --- | --- | --- | --- | --- | | 一、 | 审计报告 | | | 1-5 | | 二、 | 财务报表 | | | | | | 合并资产负债表 | | | | | | 母公司资产负债表 | | | | | | 合并利润表 | | | | | | 母公司利润表 | | | | | | 合并现金流量表 | | | | | | 母公司现金流量表 | | | | | | 合并股东权益变动表 | | | | | | 母公司股东权益变动表 | | | | | | 财务报表附注 | | | 1-79 | 审 计 报 告 尤振审字[2025]第0421号 天津津投城市开发股份有限公司全体股东： 一、审计意见 | 关键审计事项 | 该事项在审计中是如何应对的 | | --- | --- | | 一、存货跌价准备 | | | 如津投城开合并财务报表 ...

关于对天津津投城市开发股份有限公司 2024 年度营业收入扣除情况的 专项核查意见 尤振专审字[2025]第 0151 号 关于对天津津投城市开发股份有限公司2024年度 营业收入扣除情况的专项核查意见 尤振专审字[2025]第0151号 天津津投城市开发股份有限公司全体股东： 我们接受委托，对天津津投城市开发股份有限公司（以下简称津投城开公司）2024 年度财务报表进行了审计，并于 2025 年 04 月 28 日出具了尤振审字[2025]第 0421 号 审计报告。在此基础上，我们对后附的由津投城开公司管理层编制 2024 年度营业收入 扣除情况表（以下简称"营业收入扣除情况表"）进行了专项核查。 一、 管理层的责任 津投城开公司管理层的责任是提供真实、合法、完整的相关资料，按照《上海证 券交易所股票上市规则(2022 年 1 月修订)》的相关规定编制营业收入扣除情况表，确 保营业收入扣除情况表真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏。 二、 注册会计师的责任 我们的责任是在实施核查工作的基础上对津投城开公司管理层编制的营业收入扣 除情况表发表专项核查意见。 三、 工作概述 我们按照《中国注 ...

天津津投城市开发股份有限公司 独立董事 2024 年度述职报告 （毕晓方） （2025 年 4 月 28 日） 2024 年度，本人作为天津津投城市开发股份有限公司（以下简称"公司"） 的第十一届董事会独立董事，严格按照《公司法》《证券法》《上海证券交易所股 票上市规则》《公司章程》及《上市公司独立董事管理办法》等相关法律法规的 规定，忠实履行独立董事的职责，谨慎、认真、勤勉地行使了独立董事的权利， 本着独立、客观和公正的原则，积极出席公司 2024 年度召开的相关会议，认真 审阅各项议案，及时了解公司的项目进展情况，全面关注公司的发展状况，依托 自身的专业知识为公司经营决策和规范运作提出意见和建议，并对相关事项发表 独立意见，发挥了独立董事应有的作用；恪尽职守、勤勉尽责，维护公司整体利 益，维护全体股东尤其是中小股东的利益。 现将本人 2024 年度履职情况汇报如下： 一、独立董事的基本情况 （一）个人工作履历、专业背景以及兼职情况 报告期内，我认真参加了公司的董事会和股东大会，忠实履行独立董事职责。 对公司董事会各项议案事项进行了审慎、细致地审议，认为这些议案均未损害全 体股东，特别是中小股东的利益，对各 ...

天津津投城市开发股份有限公司 独立董事 2024 年度述职报告 （李文强） （2025 年 4 月 28 日） 2024 年度，本人作为天津津投城市开发股份有限公司（以下简称"公司"） 的第十一届董事会独立董事，严格按照《公司法》《证券法》《上海证券交易所股 票上市规则》《公司章程》及《上市公司独立董事管理办法》等相关法律法规的 规定，忠实履行独立董事的职责，谨慎、认真、勤勉地行使了独立董事的权利， 本着独立、客观和公正的原则，积极出席公司 2024 年度召开的相关会议，认真 审阅各项议案，及时了解公司的项目进展情况，全面关注公司的发展状况，依托 自身的专业知识为公司经营决策和规范运作提出意见和建议，并对相关事项发表 独立意见，发挥了独立董事应有的作用；恪尽职守、勤勉尽责，维护公司整体利 益，维护全体股东尤其是中小股东的利益。 现将本人 2024 年度履职情况汇报如下： 一、独立董事的基本情况 （一）个人工作履历、专业背景以及兼职情况 李文强：男，46 岁，管理学博士，现任公司独立董事；天津大学管理与经 济学部校友事务与发展办公室主任；天津华来科技股份有限公司独立董事。曾任 天津大学管理与经济学部 EMBA ...

天津津投城市开发股份有限公司 独立董事 2024 年度述职报告 （冯世凯） （2025 年 4 月 28 日） 2024 年度，本人作为天津津投城市开发股份有限公司（以下简称"公司"） 的第十一届董事会独立董事，严格按照《公司法》《证券法》《上海证券交易所股 票上市规则》《公司章程》及《上市公司独立董事管理办法》等相关法律法规的 规定，忠实履行独立董事的职责，谨慎、认真、勤勉地行使了独立董事的权利， 本着独立、客观和公正的原则，积极出席公司 2024 年度召开的相关会议，认真 审阅各项议案，及时了解公司的项目进展情况，全面关注公司的发展状况，依托 自身的法律专业知识为公司经营决策和规范运作提出意见和建议，并对相关事项 发表独立意见，发挥了独立董事应有的作用；恪尽职守、勤勉尽责，维护公司整 体利益，维护全体股东尤其是中小股东的利益。 现将本人 2024 年度履职情况汇报如下： 一、独立董事的基本情况 （一）个人工作履历、专业背景以及兼职情况 冯世凯：男，45 岁，本科，现任公司独立董事；天津市升平清算事务所股 东合伙人、天津市中天清算事务所股东合伙人、天津浩高律师事务所主任律师。 曾任天津德赛律师事务所聘任律师 ...

现将本人 2024 年度履职情况汇报如下： 一、独立董事的基本情况 （李晓龙） （2025 年 4 月 28 日） 2024 年度，本人作为天津津投城市开发股份有限公司（以下简称"公司"） 的第十一届董事会独立董事，严格按照《公司法》《证券法》《上海证券交易所股 票上市规则》《公司章程》及《上市公司独立董事管理办法》等相关法律法规的 规定，忠实履行独立董事的职责，谨慎、认真、勤勉地行使了独立董事的权利， 本着独立、客观和公正的原则，积极出席公司 2024 年度召开的相关会议，认真 审阅各项议案，及时了解公司的项目进展情况，全面关注公司的发展状况，依托 自身的专业知识为公司经营决策和规范运作提出意见和建议，并对相关事项发表 独立意见，发挥了独立董事应有的作用；恪尽职守、勤勉尽责，维护公司整体利 益，维护全体股东尤其是中小股东的利益。 天津津投城市开发股份有限公司 独立董事 2024 年度述职报告 （一）个人工作履历、专业背景以及兼职情况 李晓龙：男，55 岁，博士研究生学历、民商法博士学位，副教授。现任公 司独立董事；天津财经大学法学院民商法教研部副教授、硕士生导师，天津财经 大学公司重组与破产法律研究中心负责 ...

Financial Performance - The company's operating revenue for Q1 2025 was CNY 142,567,251.99, representing an increase of 8.52% compared to CNY 131,374,981.12 in the same period last year[2] - The net profit attributable to shareholders was a loss of CNY 186,711,362.42, a slight improvement of 3.97% from a loss of CNY 194,420,340.21 year-over-year[2] - The basic earnings per share for the period was -0.1689 CNY, an improvement of 3.92% from -0.1758 CNY in the same period last year[2] - Net profit for Q1 2025 was a loss of CNY 202,008,978.73, compared to a loss of CNY 194,399,922.60 in Q1 2024, representing a decline of 3.3%[18] - The company’s total comprehensive income for Q1 2025 was a loss of CNY 202,008,978.73, compared to a loss of CNY 194,399,922.60 in Q1 2024[18] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly, with a net outflow of CNY 47,636,286.70, a 76.05% increase compared to a net outflow of CNY 198,890,304.54 in the previous year[2] - Cash flow from operating activities for Q1 2025 was a net outflow of CNY 47,636,286.70, an improvement from a net outflow of CNY 198,890,304.54 in Q1 2024[20] - Cash and cash equivalents at the end of Q1 2025 totaled CNY 170,617,237.71, down from CNY 172,920,624.04 at the end of Q1 2024[21] - The company reported a total cash inflow from financing activities of CNY 146,890,112.47 in Q1 2025, significantly lower than CNY 424,000,000.00 in Q1 2024[21] - The company experienced a net cash outflow from investing activities of CNY 24,413.65 in Q1 2025, compared to a net outflow of CNY 17,440.00 in Q1 2024[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 13,096,923,789.58, down 2.72% from CNY 13,463,648,252.18 at the end of the previous year[3] - The company’s current liabilities totaled RMB 7,933,670,168.21 as of March 31, 2025, down from RMB 8,386,813,637.81 at the end of 2024[15] - The company’s long-term borrowings increased to RMB 4,850,876,158.19 as of March 31, 2025, compared to RMB 4,560,648,151.00 at the end of 2024[15] - The company’s total liabilities decreased to RMB 12,802,981,639.58 as of March 31, 2025, from RMB 12,967,697,123.45 at the end of 2024[15] - The company’s inventory stood at RMB 9,210,573,669.68 as of March 31, 2025, slightly down from RMB 9,252,079,891.58 at the end of 2024[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 65,623[6] - The largest shareholder, Tianjin State-owned Capital Investment Operation Co., Ltd., holds 190,186,440 shares, accounting for 17.20% of the total shares[7] Strategic Developments - The company has not identified any significant new strategies or product developments in the current report[5] - The company plans to acquire controlling stakes in several companies through asset swaps and cash payments, as approved in the board meeting on December 31, 2024[10] - The company is actively progressing with due diligence, auditing, and evaluation for the proposed asset restructuring[11] Financial Expenses - The company incurred financial expenses of CNY 127,625,661.49 in Q1 2025, a decrease of 18.2% from CNY 156,116,159.77 in Q1 2024[17] Non-Recurring Items - The company reported non-recurring losses of CNY -598,891.22 during the period[4]

Financial Performance - The company's total revenue for 2024 was CNY 2,711,607,998.09, a decrease of 11.19% compared to CNY 3,053,099,136.19 in 2023[23]. - The net profit attributable to shareholders for 2024 was a loss of CNY 210,326,227.43, compared to a profit of CNY 37,769,051.46 in 2023, representing a decline of 656.87%[23]. - The operating cash flow net amount for 2024 was CNY 609,655,392.79, down 49.82% from CNY 1,214,879,876.35 in 2023[23]. - The basic earnings per share for 2024 was -CNY 0.1902, compared to CNY 0.0342 in 2023, reflecting a decline of 656.14%[25]. - The weighted average return on equity for 2024 was -165.94%, a significant drop from 17.73% in 2023[25]. - The net assets attributable to shareholders at the end of 2024 were CNY 16,913,745.56, down 92.71% from CNY 231,908,847.18 at the end of 2023[24]. - The company reported a net profit loss excluding non-recurring items of CNY 736,516,484.52 for 2024, an improvement from a loss of CNY 1,277,473,287.91 in 2023[23]. Market Conditions - The Chinese economy showed resilience with a GDP growth of 5.0% in 2024, supporting a stable employment market and consumer price index[31]. - The bond market in China grew by 11.7% year-on-year, with a total issuance of ¥79.3 trillion, indicating a robust financial environment[32]. - The real estate market faced a 12.9% decline in sales area, but new policies have started to show signs of recovery in major cities[34]. - Real estate development investment decreased by 17.0% year-on-year, with total funds available for real estate development at ¥1.08 trillion[34]. - The total sales area of commercial housing reached 973.85 million square meters, a year-on-year decline of 12.9%, with residential sales area down 14.1%[37]. - The total sales revenue of commercial housing was 9,675 billion yuan, a decrease of 17.1%, with residential sales revenue down 17.6%[38]. - By the end of 2024, the unsold commercial housing area was 753.27 million square meters, an increase of 10.6% year-on-year, with residential unsold area up 16.2%[37]. Company Strategy and Operations - The company plans to leverage new strategies in response to the evolving market conditions, focusing on enhancing operational efficiency and exploring new growth avenues[33]. - The company successfully achieved its sales targets for the year, resulting in both contract revenue and cash income growth[56]. - The company reduced its interest-bearing debt interest rate from 8.25% at the beginning of the year to 6.78%, significantly alleviating financial pressure[61]. - The company’s main business revenue from real estate development accounted for 96.77% of total revenue, with Tianjin contributing 66.99% of the revenue[67]. - The company plans to enhance risk management strategies to mitigate various risks, including tax and legal risks, to support high-quality development[107]. - The company is focusing on technological innovation, exploring big data, smart buildings, and green construction to drive modernization and growth[108]. - The company intends to expand its property management segment significantly, aiming to increase operational scale and profitability[108]. Governance and Compliance - The company has implemented reforms to optimize its governance structure, including revising multiple management regulations and streamlining its organizational structure[55]. - The company is committed to maintaining compliance with governance regulations and has not encountered significant discrepancies with legal requirements[118]. - The company has established a comprehensive compensation management system, ensuring that employee compensation is aligned with performance and company policies[149]. - The company has committed to ensuring the authenticity, accuracy, and completeness of the information provided during the major asset restructuring process[166]. - The company has confirmed that it does not have any non-operational fund occupation issues from controlling shareholders or related parties[200]. Asset Restructuring - The company plans to conduct a major asset restructuring involving the exchange of all assets and liabilities for 100% equity stakes in several subsidiaries, including Tianjin Jineng Co., Ltd. and Tianjin Heat Supply Co., Ltd.[93]. - The restructuring will involve issuing shares and cash payments to acquire the assets, with a fundraising plan to issue shares to no more than 35 specific investors[93]. - The independent directors confirmed that the transaction complies with relevant laws and regulations, ensuring it is feasible and in the best interest of all shareholders[95]. - The company has initiated the process of due diligence, auditing, and evaluation for the restructuring, with further board meetings planned to review the transaction[94]. - The company is undergoing a major asset restructuring, which includes the issuance of shares and cash payments for asset purchases, along with related financing conditions[137]. Shareholder Engagement - The company is focusing on a three-year shareholder return plan from 2024 to 2026, indicating a commitment to enhancing shareholder value[123]. - The company held multiple shareholder meetings in 2024, with significant resolutions passed regarding capital increases and guarantees for subsidiaries[120][121]. - The company plans to issue shares to specific targets in 2024, with detailed feasibility analyses and reports prepared for shareholder approval[120]. - The company approved the proposal for the issuance of shares to specific targets for the year 2024, including feasibility analysis reports and usage plans for the raised funds[136]. Environmental and Social Responsibility - The company invested 0 million yuan in environmental protection during the reporting period[158]. - Multiple projects achieved one-star, two-star, and three-star green building design certification, reflecting the company's commitment to sustainable development[159]. - The company plans to disclose its 2024 ESG report on April 30, 2025, highlighting its commitment to social responsibility[161].

津投城开（600322）公告，2025年第一季度营业收入1.43亿元，同比增长8.52%。净亏损1.87亿元，去 年同期净亏损1.94亿元。 ...

Market Performance - The Tianjin Free Trade Zone concept index declined by 3.22%, ranking among the top declines in concept sectors as of April 28 [1] - Within the sector, Tianbao Infrastructure hit the daily limit down, while other notable decliners included Jintou City Development and Tianjin Printers [1] - Only two stocks within the sector saw price increases, with Youfa Group rising by 2.78% and Tianjin Port by 0.22% [1] Capital Flow - The Tianjin Free Trade Zone concept experienced a net outflow of 78 million yuan from main funds, with nine stocks seeing net outflows [1] - The stock with the highest net outflow was Bohai Chemical, with a net outflow of 17.03 million yuan, followed by Ruipu Biology and HNA Technology with outflows of 16.13 million yuan and 14.13 million yuan respectively [1] - Conversely, the stocks with the highest net inflows included Guifaxiang, Jiuan Medical, and Youfa Group, with inflows of 3.25 million yuan, 2.40 million yuan, and 1.13 million yuan respectively [1][2] Stock Performance - The top decliners in the Tianjin Free Trade Zone concept included Bohai Chemical (-4.82%), Ruipu Biology (-1.30%), and HNA Technology (-3.73%) [1] - Notable gainers included Youfa Group (+2.78%) and Tianjin Port (+0.22%) [1] - The trading volume for Bohai Chemical was 6.29%, indicating significant trading activity despite the decline [1]