股票代码：600325 股票简称：华发股份 公告编号：2025-072 珠海华发实业股份有限公司 2025 年半年度募集资金存放与实际使用情况的专项报告 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。 根据《上市公司募集资金监管规则》《上海证券交易所上市公司自律监管指 引第1号——规范运作》等规定，珠海华发实业股份有限公司（以下简称"公司" 或"本公司"）将2025年半年度募集资金存放与实际使用情况专项说明如下： 一、募集资金基本情况 经中国证券监督管理委员会《关于同意珠海华发实业股份有限公司向特定对 象发行股票注册的批复》（证监许可〔2023〕2084 号）予以同意注册，并经上海 证券交易所同意，本公司由主承销商国金证券股份有限公司于 2023 年 10 月 17 日向特定对象发行普通股（A 股）股票 63,500.00 万股，每股面值 1 元，每股发 行价人民币 8.07 元。本次发行股票，共募集股款人民币 5,124,450,000.00 元，扣 除与发行有关的费用（不含增值税）人民币 82,077,181.99 元，实 ...

股票代码：600325 股票简称：华发股份 公告编号：2025-073 珠海华发实业股份有限公司估值提升计划 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: 估值提升计划的触发情形及审议程序：自 2024 年 7 月 1 日至 2025 年 6 月 30 日，珠海华发实业股份有限公司（以下简称"公司"）股票已连续 12 个月每 个交易日收盘价均低于最近一个会计年度经审计的每股归属于公司普通股股东 的净资产，根据《上市公司监管指引第 10 号——市值管理》有关规定，属于应 当制定估值提升计划的情形。本次估值提升计划已经公司第十届董事会第五十九 次会议审议通过。 估值提升计划概述：公司计划通过持续提升经营质量、聚焦科技创新驱动、 提升信息披露质量、加强投资者关系管理、坚持规范运作、利润分配、回购股票 等举措，提升公司投资价值和股东回报能力，推动公司投资价值合理反映公司质 量，增强投资者信心、维护全体股东利益，促进公司高质量发展。 相关风险提示：本估值提升计划仅为公司行动计划，不代表公司对业绩、 股价、重大事件等任何 ...

Core Viewpoint - Huafa Co., Ltd. (600325.SH) reported a significant increase in revenue for the first half of 2025, but experienced a substantial decline in net profit and net profit after deducting non-recurring items [1] Financial Performance - The company achieved a revenue of 38.199 billion yuan, representing a year-on-year growth of 53.46% [1] - The net profit attributable to shareholders was 172 million yuan, showing a year-on-year decrease of 86.41% [1] - The net profit after deducting non-recurring items was 152 million yuan, reflecting a year-on-year decline of 87.15% [1] - The basic earnings per share were reported at 0.06 yuan [1] Dividend Distribution - The company proposed a cash dividend of 0.20 yuan (including tax) for every 10 shares to all shareholders [1]

Group 1 - The company reported a revenue of 38.199 billion yuan for the first half of 2025, representing a year-on-year increase of 53.46% [1] - The net profit attributable to shareholders of the listed company was 172 million yuan, a year-on-year decrease of 86.41% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 152 million yuan, down 87.15% year-on-year [1] - The basic earnings per share were 0.06 yuan [1] - The company plans to distribute a cash dividend of 0.20 yuan (including tax) for every 10 shares to all shareholders [1]

Group 1 - The core viewpoint of the news is that the China Securities 800 Real Estate Index has shown a slight decline on a specific trading day, while it has experienced an overall increase over the past month and three months [1] - The China Securities 800 Real Estate Index has increased by 3.40% in the last month, 7.47% in the last three months, and 0.35% year-to-date [1] - The top ten weighted companies in the China Securities 800 Real Estate Index include China Merchants Shekou (13.86%), Poly Developments (13.36%), and Vanke A (13.3%) [1] Group 2 - The market segments of the China Securities 800 Real Estate Index show that the Shanghai Stock Exchange accounts for 67.59% and the Shenzhen Stock Exchange accounts for 32.41% [2] - The sample of the China Securities 800 Real Estate Index is entirely composed of the real estate industry, with a 100.00% weight in this sector [3] - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December [3]

Investment Rating - The report maintains an "Outperform" rating for the real estate sector [6][8]. Core Views - The real estate fundamentals are weakening, but the reshuffling of property companies is nearing completion [4]. - New home sales have turned negative again, with a 4% year-on-year decline in sales area for new residential properties in the first half of 2025 [1][16]. - The proportion of existing home sales is increasing, with second-hand homes accounting for 46% of total residential transactions in 2024, up 16 percentage points from the lowest point in 2021 [2][92]. - The competition landscape is becoming clearer, with major state-owned enterprises dominating sales rankings [4]. Summary by Sections New Home Sales and Market Dynamics - In the first half of 2025, the total sales area of new homes was 4.6 billion square meters, down 4% year-on-year, while the sales area of new residential properties was 3.8 billion square meters, accounting for 84% of total sales [1][16]. - The average selling price of existing homes was 0.8 million yuan per square meter, while the average price for new homes was 1.1 million yuan per square meter [1][37]. Second-Hand Housing Market - The transaction volume of second-hand homes has been steadily increasing, with a 13% year-on-year growth in the first half of 2025 [2][112]. - The average ratio of second-hand to new home transactions in major cities has risen to 2.3, indicating a shift towards second-hand homes [2][112]. Land Transaction and Competition - The structure of land transactions is changing, with a 28% year-on-year increase in total transaction value for residential land in the first half of 2025, despite a 3% decline in transaction area [3][65]. - Major state-owned enterprises continue to lead in sales and land acquisition, with the top four companies maintaining their positions [4][4]. Investment Recommendations - Given the current weakening fundamentals in the real estate sector, the report suggests that while there may not be a strong upward trend in real estate stocks, recent policy changes in Beijing could signal the beginning of a new round of easing [5][5]. - Recommended stocks include China Jinmao, China Overseas Grand Oceans Group, Beike-W, and Wo Ai Wo Jia [5][8].

Meeting Details - The shareholders' meeting was held on August 13, 2025, at the company's conference room in Zhuhai, Guangdong [1] - The total share capital of the company is 2,752,152,116 shares, with 2,728,382,116 shares having voting rights after excluding 23,770,000 shares in the repurchase account [1] Voting Results - The first resolution was passed with 99.2148% approval from A-shareholders, totaling 902,435,317 votes in favor [1] - The second resolution received 97.4968% approval from A-shareholders, with 886,809,383 votes in favor [1] - The third resolution was approved with 97.8034% of A-shareholders voting in favor, totaling 889,598,123 votes [1] Legal Compliance - The meeting was conducted in accordance with the Company Law and the Articles of Association, with the presence of legal representatives confirming the legality of the proceedings [2]

证券日报网讯 8月13日晚间，华发股份发布公告称，公司2025年第五次临时股东大会于2025年8月13日 召开，审议通过了《关于以政府收回收购方式盘活深圳前海冰雪世界项目未建商业用地的议案》等多项 议案。 （文章来源：证券日报） ...

致:珠海华发实业股份有限公司 根据《中华人民共和国证券法》(以下简称:"《证券法》")、《中华人民 共和国公司法》(以下简称:"《公司法》")和中国证券监督管理委员会《上市 公司股东会规则》(以下简称:"《股东会规则》")等相关法律、法规和其他规 范性文件要求,广东恒益律师事务所(以下简称:"本所")接受珠海华发实业股 份有限公司(以下简称:"公司")的委托,指派本所律师通过现场会议方式对公 司 2025 年第五次临时股东大会(以下简称:"本次股东大会")进行见证,对本 次股东大会的召集与召开程序,出席会议人员资格、表决程序等重要事项出具法 律意见。 广东恒益律师事务所 关于珠海华发实业股份有限公司 2025 年第五次临时股东大会的法律意见书 粤恒益法字 2025 第 9 号 律师声明事项: 1、本法律意见书是经办律师根据出席本次股东大会所掌握的法律事实及公 司提供的有关资料发表法律意见。 2、公司已向本所保证,其已提供为出具本法律意见书所需要的资料,并保 证该等资料真实、准确、完整。 3、本所律师按照《股东会规则》的要求,对公司提供的本次股东大会的召 集与召开程序、出席会议人员资格、表决程序以及本次股东大会 ...

证券代码：600325 证券简称：华发股份 公告编号：2025-070 珠海华发实业股份有限公司 2025年第五次临时股东大会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一) 股东大会召开的时间：2025 年 8 月 13 日 (二)股东大会召开的地点：广东省珠海市昌盛路 155 号公司 9 楼会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况 | 1、出席会议的股东和代理人人数 | 662 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 909,577,161 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 33.34 | | 份总数的比例（%） | | 注：截至本次股东大会股权登记日 2025 年 8 月 7 日，公司总股本为 2,752,152,116 股, 由于公司存在股份回购计划，公司回购专用证券账户股份不享有本次会议表决权的情况，无 表决权股份总数为 ...