登录新浪财经APP 搜索【信披】查看更多考评等级 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、准确性和完整性依法承担法律责任。 重要内容提示： ● 本次股票上市类型为非公开发行股份；股票认购方式为网下，上市股数为180,911,500股。 本次股票上市流通总数为180,911,500股。 ● 本次股票上市流通日期为2025年5月6日。 一、本次限售股上市类型 1、本次限售类型：向特定对象发行限售股 2、监管部门审核时间 珠海华发实业股份有限公司（以下简称"公司"）于2023年9月13日收到中国证券监督管理委员会于2023 年9月6日出具的《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），同意公司向特定对象发行股票的注册申请，该批复自核准发行之日起12个月内有 效。 3、股份登记时间 本次发行新增股份已于2023年10月31日在中国证券登记结算有限责任公司上海分公司（以下简称"中证 登上海分公司"）办理完毕登记托管相关事宜，中证登上海分公司出具了《证券变更登记证明》。 4、锁定期安排 ■ 二、本次限售股 ...

Core Viewpoint - In the context of a sluggish real estate industry recovery, Huafa Group's South China region has achieved remarkable performance, doubling its year-on-year results in 2023 and ranking among the top 60 Chinese real estate companies in 2022, with a 31% contribution to Huafa's overall performance, marking a new high since the region's establishment [1] Group 1: Business Performance - Huafa's South China region's performance in 2023 saw a year-on-year increase of 100%, significantly outperforming the average decline of top 100 real estate companies in China, which was only a 6% decrease in 2024 [1] - The South China region has successfully diversified its operations by leveraging headquarters resources and focusing on light asset businesses such as entrusted development, property management, and modern agriculture [1] Group 2: Entrusted Development - Huafa Group won bids for two plots in the Wuchang Binjiang core area, totaling over 100,000 square meters for entrusted development management services, showcasing its capability in light asset expansion [2] - The successful bids were attributed to Huafa's deep involvement in urban development in Wuhan over the past 12 years, having developed over 20 projects [2] Group 3: Property Management Expansion - Over the past two years, Huafa Property has expanded its management area by approximately 430,000 square meters, including various types of properties beyond residential projects, such as cultural venues and high-risk energy facilities [3] - Huafa Property has been recognized for its professional service capabilities, exemplified by its management of the Hainan Museum, ensuring zero safety incidents during exhibitions [3][5] Group 4: Commercial Operations - Huafa Commercial has secured the operational rights for a landmark commercial site in Wuhan's Jianghan District, focusing on creating a unique commercial experience through "first stores + traffic + culture" [6] - The Central Cloud City commercial project, located in a prime area, is set to include approximately 15,000 square meters of commercial and cultural facilities, with plans to open in 2026 [7] Group 5: Modern Agriculture Initiatives - Huafa has proactively entered the modern agriculture sector, signing an investment agreement of approximately 540 million yuan to build a 210,000 square meter smart greenhouse in Yunnan, expected to generate over 100 million yuan in annual output [10] - The company is collaborating with local governments to develop modern agriculture, renewable energy, and real estate sectors, aiming for a synergistic growth model in the central China region [10]

证券代码：600325 证券简称：华发股份 公告编号：2025-042 珠海华发实业股份有限公司 关于向特定对象发行股票之部分限售股上市流通的公告 本次股票上市类型为非公开发行股份；股票认购方式为网下，上市股数为 180,911,500股。 本次股票上市流通总数为180,911,500股。 本次股票上市流通日期为2025 年 5 月 6 日。 一、本次限售股上市类型 1、本次限售类型：向特定对象发行限售股 2、监管部门审核时间 珠海华发实业股份有限公司（以下简称"公司"）于 2023 年 9 月 13 日收到中国 证券监督管理委员会于 2023 年 9 月 6 日出具的《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），同意公司向 特定对象发行股票的注册申请，该批复自核准发行之日起 12 个月内有效。 3、股份登记时间 本次发行新增股份已于 2023 年 10 月 31 日在中国证券登记结算有限责任公司 上海分公司（以下简称"中证登上海分公司"）办理完毕登记托管相关事宜，中证登 上海分公司出具了《证券变更登记证明》。 本公司董事局及全体董事保证本公告内容不存 ...

国金证券股份有限公司 关于珠海华发实业股份有限公司 向特定对象发行股票之部分限售股上市流通的核查意见 | 序号 | 发行对象名称 | 认购股数（股） | 限售期（月） | | --- | --- | --- | --- | | 1 | 珠海华发集团有限公司 | 180,911,500 | 18 | | 2 | 天安人寿保险股份有限公司（代天安人寿保 | 23,543,990 | 6 | | | 险股份有限公司-传统产品） | | | （三）锁定期安排 | 3 | 王秀娟 | 21,065,675 | 6 | | --- | --- | --- | --- | | 4 | 国泰基金管理有限公司 | 24,783,143 | 6 | | 5 | 广发基金管理有限公司 | 18,587,360 | 6 | | | 中国人寿资产管理有限公司（代中国人寿保 | | | | 6 | 险股份有限公司-传统-普通保险产品-005L | 74,349,442 | 6 | | | 沪） CT001 | | | | 7 | 华夏基金管理有限公司 | 18,588,102 | 6 | | | 泰康资产管理有限责任公司（代泰康人寿保 ...

华金证券股份有限公司 关于珠海华发实业股份有限公司 向特定对象发行股票之部分限售股上市流通的核查意见 华金证券股份有限公司（以下简称"华金证券"或"保荐机构"）作为珠海 华发实业股份有限公司（以下简称"华发股份"或"公司"）向特定对象发行可 转换公司债券的保荐机构，根据《中华人民共和国证券法》《证券发行上市保荐 业务管理办法》《上海证券交易所股票上市规则》和《上海证券交易所上市公司 自律监管指引第 11 号——持续督导》等相关法律、法规及规范性文件的规定， 对华发股份本次限售股份上市流通事项进行了核查，核查情况如下： 一、本次限售股上市类型 本次限售股上市类型为向特定对象发行股票限售股。 （一）监管部门审核时间 公司于 2023 年 9 月 13 日收到中国证券监督管理委员会于 2023 年 9 月 6 日 出具的《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），同意公司向特定对象发行股票的注册申请，该批 复自核准发行之日起 12 个月内有效。 （二）股份登记时间 本次发行新增股份已于 2023 年 10 月 31 日在中国证券登记结算有限责任公 司上海分 ...

Core Viewpoint - The first stock real estate reserve fund project in China has been signed and launched in Zhuhai, with a total fund size of 20 billion yuan aimed at stabilizing the real estate market and supporting high-quality development in the region [1][5]. Group 1: Strategic Cooperation - Zhuhai Huafa Group and China Cinda Asset Management have signed a strategic cooperation agreement along with a 20 billion yuan stock real estate reserve fund agreement [1][3]. - The fund will be jointly operated by Zhuhai Anju Group and Huajin Asset Management in collaboration with China Cinda's Guangdong branch [1][5]. Group 2: Fund Objectives and Operations - The stock real estate reserve fund adopts an innovative model of "government guidance + market operation," focusing on stabilizing the market, benefiting people's livelihoods, and promoting development [5]. - The initial focus will be on Zhuhai, with plans to acquire quality stock residential properties to alleviate liquidity pressure on real estate companies and stabilize the regional market [5]. Group 3: Housing Solutions - Acquired properties will be transformed into affordable housing, talent housing, and market-oriented rental housing to meet diverse living needs of low- and middle-income families, industry talents, and new citizens [5]. - The project aims to enhance the housing security system and promote related industry development, creating more job opportunities and increasing the city's talent attraction [5]. Group 4: Regional Development and Collaboration - China Cinda aims to actively participate in the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, with Zhuhai as a key support area [5][6]. - The collaboration is seen as a significant step in implementing the national strategy for the Greater Bay Area, with both companies leveraging their financial and industrial capital advantages to provide innovative solutions for urban renewal and industrial upgrading [6].

Investment Rating - The industry is rated as "Overweight" [6] Core Insights - In Q1 2025, the land auction heat in key cities continues to rise, with the average transaction price of residential land in the core 30 cities increasing by 24% year-on-year [4][93] - The total area of residential land transactions in the core 30 cities reached 2,134 million square meters in Q1 2025, a year-on-year increase of 16.1%, with a total transaction value of 279.1 billion yuan, up 44.1% year-on-year [93][100] - The overall premium rate for land transactions in the core 30 cities was 18.7% in Q1 2025, an increase of 11.3 percentage points year-on-year [93][95] Summary by Sections 1. Supply and Demand of Land/Residential Land in 100 Cities - In Q1 2025, the total area of land transactions in 100 cities decreased by 14.8% year-on-year, while the area of residential land transactions increased by 0.1% year-on-year [11][20] - The total supply of residential land in 100 cities was 43.72 million square meters, with a year-on-year decrease of 18.4% [20] 2. Transaction Prices of Land/Residential Land - The average transaction price of residential land in 100 cities was 7,373 yuan per square meter in Q1 2025, reflecting a year-on-year increase of 15.1% [54] - The average transaction price of residential land in the core 30 cities was 13,080 yuan per square meter in Q1 2025, up 24.1% year-on-year [95] 3. Land Acquisition by Top 50 Real Estate Companies - The top 50 real estate companies added land reserves valued at 281.1 billion yuan in Q1 2025, a year-on-year increase of 47.7% [2][79] - The top three companies in terms of land reserve value were China Resources Land (32.9 billion yuan), China Overseas Land (29.8 billion yuan), and Greentown China (28.7 billion yuan) [2][86] 4. Transaction Situation of Residential Land in Core 30 Cities - In March 2025, the total area of residential land transactions in the core 30 cities was 888 million square meters, with a total transaction value of 112.6 billion yuan, reflecting a year-on-year increase of 30.7% [93][94] - The overall premium rate for land transactions in March 2025 was 23%, an increase of 15.7 percentage points year-on-year [93][94] 5. Investment Recommendations - The report suggests focusing on leading real estate companies with strong comprehensive development capabilities and those actively participating in urban renewal and village renovation projects [4][105] - It also recommends attention to commercial public REITs with rich existing commercial real estate resources and strong brand competitiveness [4][105]

股东结构层面发生调整之际，格力地产（600185.SH）迎来人事变动。 4月22日晚间，格力地产公告于近日收到公司董事长陈辉的书面辞职报告，由于工作调动原因，陈辉申 请辞去其所担任的公司第八届董事会董事、董事长、董事会专门委员会及下属子公司相关职务，并不再 代行公司总裁职责。 辞职后，陈辉不再担任格力地产及下属子公司任何职务。截至4月22日，陈辉未持有格力地产股票。 与此同时，格力地产控股股东珠海投资控股有限公司（以下简称"珠海投控"）提名郭凌勇、李向东为格 力地产第八届董事会非独立董事候选人。公告显示，郭凌勇、李向东均为华发股份（600325.SH）现任 高管。就在不久前，华发股份控股股东珠海华发集团有限公司（以下简称"华发集团"）成为格力地产间 接控股股东。 而对于陈辉的最新去向，格力地产方面对《中国经营报》记者表示："相关信息请以公司公告为准。" 根据格力地产方面此前披露，陈辉出生于1971年，2022年10月起担任格力地产董事长、法定代表人，任 期三年。也就是说，距离其到任日期还有半年之际，陈辉递交了辞呈。 任职时长两年半 陈辉上任格力地产董事长是在曾执掌格力地产14年的鲁君四之后。彼时，格力地产重大 ...

年报季刚过，粤系龙头房企之一的华发股份就宣布人事调整。 就在昨天，华发股份发布重磅公告，宣布部分新的经营管理团队任命：原常务执行副总裁俞卫国、原执行副总裁张驰、原财务总监罗彬，均以"个人原 因"辞职；张巍、叶宁出任执行副总裁，杨拥军出任财务总监。 公告内容 艳姐注意到，俞卫国、张驰、罗彬都是华发股份的"老人"，在华发任职超过7年，而俞卫国在华发更是工作超20年，都见证了华发从珠海走向全国，从默 默无闻到跻身行业TOP10。 此次华发股份人事换防，背后有哪些战略考量？ 01 "78后"高管集体登场 华发股份这一轮的人事变动，艳姐觉得有2个特点： 具体来看： 张巍，1981年10月出生；本科学历，毕业于西安交通大学。张巍在华发体系内供职已超15年。 其一，干部年轻化，张巍出生于1981年、叶宁出生于1979年、杨拥军出生于1978年，正处于干事创业的黄金年龄； 其二，都有很强的专业背景，具备跨领域经验。 张巍（图源官微） 新任财务总监杨拥军，1978 年 8 月出生；本科学历，毕业于重庆工商大学会计学专业。 艳姐注意到，叶宁曾长期在金融系统工作，进入华发后大部分工作经历都在金融板块，经历过多次从0到1的开拓性工作 ...

股票代码：600325 股票简称：华发股份 公告编号：2025-040 珠海华发实业股份有限公司 第十届董事局第五十三次会议决议公告 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"）第十届董事局第五十三次会议通知于2025年4月19日以 电子邮件方式发出，会议于2025年4月21日以通讯方式召开，会议符合《中华人民共和国公司法》和 《公司章程》的有关规定。经董事局十四位董事以通讯方式表决，形成如下决议： 一、以十四票赞成、零票反对、零票弃权审议通过了《关于聘任张巍先生为公司执行副总裁的议案》。 本议案已经公司第十届董事局提名委员会2025年第二次会议审议通过，同意将该议案提交公司第十届董 事局第五十三次会议审议。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：2025-041）。 二、以十四票赞成、零票反对、零票弃权审议通过了《关于聘任叶宁先生为公司执行副总裁的议案》。 本议案已经公 ...