证券代码：600325 证券简称：华发股份 公告编号：2025-057 珠海华发实业股份有限公司 关于召开2025年第四次临时股东大会的通知 本公司董事局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、 召开会议的基本情况 (四)现场会议召开的日期、时间和地点 召开的日期时间：2025 年 7 月 9 日10 点 00 分 召开地点：广东省珠海市昌盛路 155 号公司 9 楼会议室 股东大会召开日期：2025年7月9日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 (一)股东大会类型和届次 2025年第四次临时股东大会 (二)股东大会召集人：董事局 (三)投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结合的 方式 (五)网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 7 月 9 日 至2025 年 7 月 9 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易时间段， ...

股票代码：600325 股票简称：华发股份 公告编号：2025-055 珠海华发实业股份有限公司 第十届董事局第五十七次会议决议公告 本公司董事局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。 珠海华发实业股份有限公司（以下简称"公司"）第十届董事局第五十七次会 议通知于 2025 年 6 月 20 日以电子邮件方式发出，会议于 2025 年 6 月 23 日以通 讯方式召开，会议符合《公司法》和《公司章程》的有关规定。经与会董事以通 讯方式表决，形成如下决议： 一、以十二票赞成、零票反对、零票弃权审议通过了《关于补选公司第十届 董事局董事的议案》。本项议案已经公司第十届董事局提名委员会 2025 年第三次 会议审议通过，全体提名委员会委员同意将该议案提交公司第十届董事局第五十 七次会议审议。具体内容详见公司同日在上海证券交易所网站（www.sse.com.cn） 及《上海证券报》《中国证券报》《证券时报》《证券日报》披露的公告（公告编 号：2025-056）。 并同意提呈公司股东大会审议。 二、以十二票赞成，零票反对，零票弃权审议通过了 ...

Core Viewpoint - The article discusses the launch of the public voting phase for the "Top Ten Works" in the 2025 semi-annual evaluation of Chinese real estate products, emphasizing the importance of product quality in the housing market [2][9]. Group 1: Voting Process - The public voting for the top ten projects will take place from June 17 to June 23, with a two-day expert review occurring on June 17-18 [2][10]. - Each participant can vote once per WeChat ID, selecting up to ten projects in each category, with the final vote count being the cumulative total of valid votes [8]. Group 2: Evaluation Framework - The evaluation process includes expert reviews, public voting, and assessment models, culminating in the announcement of the "Top Ten High-end/Luxury/Quality Works" and the "China Good House Comprehensive Award/Individual Award" at the end of June [10]. - The "Product Power 100" evaluation has been conducted by CRIC for eight consecutive years since 2018, focusing on enhancing residential product quality and addressing living challenges [7]. Group 3: Featured Projects - The article highlights various projects that have made it to the shortlist, including: - Guangzhou Poly Tianyi, a modern residential project by Poly Development [11][13]. - Fuzhou Poly Tianzan, a luxury waterfront property [14]. - Beijing Heyue Wangyun, showcasing modern Eastern garden aesthetics [16][17]. - Xi'an Boyue Wanjing, featuring a limited number of luxury courtyard homes [19]. - Shanghai Chaoming Dongfang, a community project celebrating Green Town China's 30th anniversary [21]. - Wuhan Changjiang Tianji, a large flat community with river views [23]. - Chongqing Changjia Waitan, an innovative residential project in a core area [25]. - Hangzhou Hangxu Mansion, a modern residential development [27].

Group 1: Market Overview - In June, real estate companies are focusing on performance improvement as they approach mid-year targets, with marketing activities concentrated around key dates like "6·18" and "6·30" [1] - The overall performance of the real estate market in May showed significant differentiation, with some companies planning to increase their marketing efforts in June to boost sales [1] Group 2: Shenzhen Market - In Shenzhen, the new housing market saw a decline in May, with a 14.4% decrease in transactions, but an increase in new launches is expected in June, with 10 new residential projects anticipated [2][3] - Notable projects include those developed by China Overseas Land & Investment and China Merchants Shekou, with sales performance showing promising results for newly launched properties [3] Group 3: Guangzhou Market - Guangzhou's real estate market experienced a 41% month-on-month increase in new home transactions in May, attributed to the launch of improvement-type properties in central areas [5][6] - Eight new projects are set to launch in June, with a focus on high-efficiency housing products that meet the new regulations [5] Group 4: Hangzhou Market - In Hangzhou, the new housing market faced a decline in transactions in May, but June is expected to see a surge in new launches, with 29 projects planned [7][8] - Key projects include those by China Merchants Shekou and other local developers, with a focus on larger unit sizes [7] Group 5: Nanjing Market - Nanjing's real estate market saw a decline in both transaction volume and prices in May, but June is expected to bring 14 new launches, with a focus on high-end projects [9][10] - Companies are employing discount strategies to boost sales, with some projects seeing significant price reductions to increase transaction volumes [9][10]

Group 1 - The core viewpoint of the news is that the China Securities State-Owned Enterprises Dividend Index (000824) has shown a slight increase, indicating a positive trend in state-owned enterprises' stock performance, particularly in dividend-paying stocks [1][2] - The top ten weighted stocks in the China Securities State-Owned Enterprises Dividend Index account for 15.83% of the index, highlighting the concentration of investment in a few key companies [2] - The report from Xinda Securities suggests that if significant monetary and fiscal policies are implemented, there could be improvements in M2 and M1-M2 differential, which may positively impact market conditions [1] Group 2 - The China Securities State-Owned Enterprises Dividend ETF (159515) closely tracks the performance of the China Securities State-Owned Enterprises Dividend Index, which includes 100 listed companies with high and stable cash dividend yields [2] - As of May 30, 2025, the top weighted stocks include COSCO Shipping Holdings (601919), Jizhong Energy (000937), and Chengdu Bank (601838), among others, indicating a diverse portfolio within the index [2][4] - The report indicates that the absolute and relative price-to-earnings (PE) ratios are high, but the trading volume has decreased since early April, suggesting a potential for future market adjustments [1]

Investment Rating - The report maintains an "Overweight" rating for the real estate and property management sectors, indicating a positive outlook for the industry [6]. Core Insights - The recent State Council meeting emphasized the importance of constructing a new development model for real estate to promote stable, healthy, and high-quality market growth. The focus is on long-term strategies, maintaining stability while progressing, and establishing foundational systems in an orderly manner [4][8]. - The term "stop the decline and stabilize" has been reiterated, suggesting that further supportive policies may be introduced to enhance market stability. This reflects the central government's ongoing commitment to stabilizing housing prices and addressing the current market challenges [6]. - The "Good Housing" initiative is gaining traction, with increased support from various provinces and a shift in policy focus from mere housing availability to creating livable environments. This initiative is expected to accelerate development and improve the quality of housing [6][8]. Summary by Sections Policy Insights - The report highlights the need for a comprehensive approach to stabilize expectations, activate demand, optimize supply, and mitigate risks in the real estate market. This includes a thorough assessment of existing land and ongoing projects to refine current policies [4][6]. - The new development model aims to be a long-term mechanism rather than a short-term fix, with an emphasis on gradual implementation and avoiding abrupt changes in policy [6][8]. Market Analysis - The report notes that while transaction volumes in the primary and secondary housing markets have stabilized over the past three years, price and volume have not entered a positive cycle as expected. Therefore, it is deemed necessary to enhance policy support [6]. - The anticipated new round of supportive policies may include measures such as mortgage rate reductions, increased "Good Housing" initiatives, and optimized land storage policies, which are expected to benefit quality real estate companies [6][8]. Investment Recommendations - The report recommends focusing on quality real estate companies that are likely to lead the market recovery, including firms like China Resources Land, China Overseas Land & Investment, and Poly Developments. It also suggests monitoring second-hand housing intermediaries and property management companies for potential investment opportunities [6][11][12].

Core Viewpoint - The "2025 Mid-Year China Real Estate Product Evaluation" has officially entered the project display phase, with the initial shortlisted projects announced on June 3. The evaluation will combine expert reviews and online voting to determine the top projects in various categories [1][12]. Group 1: Evaluation Process - The evaluation process started in late April and has received enthusiastic participation from enterprises and industry experts [1]. - The final awards will include categories such as "Top Ten High-End/Light Luxury/Quality Works" and "National Good House Comprehensive Award" [1]. Group 2: Shortlisted Projects - High-end shortlisted projects include "Hangzhou Hangxu Mansion" and "Kangjiang Qiantang" [1]. - Light luxury shortlisted projects feature "Shanghai Poly Haishangyin" and "Xi'an Boyue Wanjing" [4]. - Quality shortlisted projects include "Chengdu Zhonghuan Tianshen" and "Nanning Jiangnan Runfu" [7][8]. Group 3: Industry Focus - Since 2018, the industry has focused on changes in product strength, evolving from "product strength" to "product system" and "customer demand" research [12]. - The evaluation aims to promote valuable and replicable products and concepts within the industry, enhancing overall product strength [12].

Group 1: Housing Fund Cooperation in Guangdong - Six cities in Guangdong, including Shenzhen, have signed a cooperation agreement to promote the mutual recognition and connectivity of housing provident fund loans, aiming to enhance regional housing services [1] - The agreement includes four key aspects: providing seamless services for housing provident funds, mutual recognition of loans, information sharing, and establishing a risk prevention mechanism [1] - This initiative is expected to lower the barriers for cross-city home purchases, stimulate regional housing consumption, and expand the potential customer base for real estate companies in the Greater Bay Area [1] Group 2: Shanghai's Public Rental Housing Initiative - Shanghai's Minhang district plans to acquire existing commercial housing to convert into affordable rental housing, aiming to stabilize the housing market [2] - The acquisition will focus on properties that meet specific criteria, including being over 7,500 square meters and having clear ownership [2] - This move is anticipated to alleviate inventory pressure for real estate companies in the area and promote a dual-track housing system combining public and market housing [2] Group 3: Evergrande's Bad Debt Sale - Evergrande's affiliated companies have listed approximately 11.3 billion yuan in bad debts for sale, indicating an acceleration in debt disposal [3] - The bad debts involve various projects across major cities, raising concerns about the asset quality and debt repayment capabilities of Evergrande and related firms [3] - This situation may lead to increased caution among investors regarding high-leverage real estate companies [3] Group 4: Leadership Change at Yuexiu Group - Yuexiu Group announced the appointment of Chen Qiang as the new chairman, succeeding Zhang Zhaoxing, who is retiring [4] - Chen Qiang has a background in capital operations and has held leadership positions in various investment and management companies [4] - The leadership change may prompt the market to reassess Yuexiu Group's strategic direction and potential value under the new leadership [4] Group 5: Land Acquisition by Huafa and Jinjiang - Huafa and Jinjiang jointly acquired a residential land parcel in Chengdu for approximately 1.617 billion yuan, with a floor price of 22,000 yuan per square meter and a premium rate of 13.99% [5] - The land is located in a well-developed area, indicating high investment value and favorable planning [5] - This acquisition is expected to enhance the land reserves of Huafa and Jinjiang, potentially increasing their market share and influence in the region [5]

Group 1: Rental Housing Initiatives - Beijing has organized a rental housing service event for graduates, providing nearly 150,000 housing units, including market-based and affordable rental options [1] - The event marks the seventh consecutive year of such initiatives in Beijing, aiming to meet diverse housing needs for graduates [1] Group 2: Public Rental Housing Distribution - Guangzhou has initiated the second batch of public rental housing distribution for 2025, offering 372 two-bedroom apartments [2] - Applicants must meet specific criteria, including family size and structure, to qualify for the housing [2] Group 3: Real Estate Sales Performance - Shoukai Co. reported a contract signing amount of 1.489 billion yuan in May, with a month-on-month increase of 2.01% [3] - Poly Developments disclosed a signing amount of 28.512 billion yuan in May, reflecting a year-on-year decrease of 19.26% [4] Group 4: Corporate Management Changes - Huafa Co. announced the resignation of its director and executive vice president, Zhang Yan, due to personal reasons, effective immediately upon delivery of the resignation report [5]

智通财经记者 | 王妤涵 珠海国资的新一轮改革仍在继续。 近日，华发股份发布公告称，公司董事局主席李光宁因工作调整辞去董事局主席、董事及在公司担任的 其他所有职务；原董事局副主席郭凌勇被选举为新任董事局主席，接棒李光宁。 据悉，李光宁目前已调任至珠海科技产业集团有限公司（以下简称 "珠海科技集团"）担任负责人，该 公司于今年5月28日揭牌成立，注册规模达到500亿元。 李光宁的告别不仅标志着华发股份一个时代的终结，更折射出珠海国资体系在深化改革的背景下，对房 企战略的重新布局。 关键十年 李光宁与华发的故事始于1998年，从基层岗位起步，他历任公司董事局秘书、董事、副主席、总裁等职 务，最终在2014年登上董事局主席之位。 新帅登场 继任者郭凌勇同李光宁一样，也是华发体系内培养出的资深干将。 郭凌勇出生于1973年，毕业于北京师范大学，而后于2007年加入华发，担任市场部经理一职。 郭凌勇在华发体系内的崛起，与其在城市运营领域的突出贡献密不可分。2009年，华发启动城市运营战 略，成立珠海十字门中央商务区建设控股公司，郭凌勇主导了十字门商务区从无到有的建设全过程。 在十字门项目成功后，他又带领团队打造了金湾航 ...