Core Viewpoint - Huafa Co., Ltd. has experienced fluctuations in stock price and significant changes in financial performance, indicating potential investment opportunities and risks in the real estate sector [1][2][3]. Group 1: Stock Performance - On September 4, Huafa's stock rose by 2.12%, reaching 5.31 CNY per share, with a trading volume of 1.33 billion CNY and a turnover rate of 0.92%, resulting in a total market capitalization of 14.614 billion CNY [1]. - Year-to-date, Huafa's stock price has decreased by 6.12%, but it has shown a slight increase of 0.38% over the last five trading days, a 10.17% increase over the last 20 days, and a 9.26% increase over the last 60 days [1]. Group 2: Financial Performance - For the first half of 2025, Huafa reported a revenue of 38.199 billion CNY, reflecting a year-on-year growth of 53.76%. However, the net profit attributable to shareholders decreased by 86.41% to 1.72 billion CNY [2]. - Since its A-share listing, Huafa has distributed a total of 8.094 billion CNY in dividends, with 2.087 billion CNY distributed over the past three years [3]. Group 3: Shareholder Information - As of June 30, 2025, Huafa had 55,600 shareholders, an increase of 2.09% from the previous period, with an average of 49,518 circulating shares per shareholder, up by 4.84% [2]. - Among the top ten circulating shareholders, the Southern CSI 500 ETF holds 32.8232 million shares, an increase of 4.4712 million shares from the previous period, while the Southern CSI Real Estate ETF has entered the list as a new shareholder with 28.0935 million shares [3].

央广网北京9月4日消息（记者门庭婷）近日，华发股份发布关于股份回购进展公告。 2025年8月，公司通过集中竞价交易方式回购股份195万股，回购股份占公司总股本的比例约为 0.071%，回购成交的最高价为5.32元/股，最低价为5.16元/股，成交总金额为1017.56万元（不含印花 税、交易佣金等费用）。 据了解，2024年10月29日，华发股份召开的第十届董事局第四十五次会议审议通过了《关于以集中竞价 交易方式回购股份方案的议案》。同意公司使用自有资金或自筹资金以集中竞价交易方式回购公司股 份，回购资金总额不低于人民币3亿元（含本数）且不超过人民币6亿元（含本数），回购价格不超过人 民币9.83元/股，回购期限为自董事局审议通过本次回购股份方案之日起12个月内。 截至2025年8月31日，华发股份通过上海证券交易所交易系统以集中竞价交易方式累计回购公司股份 2572万股，占公司目前总股本的比例为0.935%，回购成交的最高价为5.83元/股，最低价为4.78元/股， 成交总金额为人民币1.3亿元（不含印花税、交易佣金等费用）。 ...

证券研究报告 | 2025年09月02日 华发股份（600325.SH） 优于大市 销售增长拿地谨慎，中期减值拖累业绩 上半年归母净利润-86%。2025H1，公司实现营业收入 382 亿元，同比+54%； 归母净利润 1.7 亿元，同比-86%；归母净利率为 0.5%，同比下降 4.6pct。 上半年增收不增利，一方面，公司结合市场情况 2025H1 计提存货跌价准备 14.4 亿元，资产和信用减值损失与公司总营收的比值合计为 4.0%，同比增 加 3.8pct。另一方面，公司 2025H1 毛利率受市场下行影响，同比下降 2.6pct 至 14.2%，但销售管理财务费率合计同比下降 1.5pct 至 4.8%，与毛利率下 降略有抵消。此外，公司 2025H1 归母净利润占净利润整体的比重为 23%，同 比下降 50pct，主要受结转项目的权益结构变化影响。2025H1，公司每股派 发现金红利 0.02 元，中期分红率 32%。 销售规模同比增长，审慎拿地盘活存量。2025H1，公司签约销售金额 502 亿 元，同比+11%，行业排名第 11，稳居前列；销售面积 190 万㎡，同比+14%； 通过收储、调规 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：600325 证券简称：华发股份 公告编号：2025-077 珠海华发实业股份有限公司 关于股份回购进展公告 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： ■ 一、回购股份的基本情况 2024年10月18日，公司董事局收到时任董事局主席李光宁先生提交的《关于提议珠海华发实业股份有限 公司回购公司股份的函》，提议公司通过上海证券交易所交易系统以集中竞价交易方式进行股份回购， 本次回购的股份将用于员工持股计划或者股权激励。具体详见公司于2024年10月19日披露的《珠海华发 实业股份有限公司关于公司董事局主席提议回购公司股份的提示性公告》（公告编号：2024-056）。 2024年10月29日，公司召开的第十届董事局第四十五次会议审议通过了《关于以集中竞价交易方式回购 股份方案的议案》。同意公司使用自有资金或自筹资金以集中竞价交易方式回购公司股份，回购资金总 额不低于人民币3亿元（含本数）且不超过人民币6亿元（含本数），回购价格不超过人民币9.83元/ ...

Meeting Details - The shareholders' meeting was held on September 1, 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 2,726,432,116 shares eligible for voting after excluding 25,720,000 shares in the repurchase account [1] Attendance and Voting - The meeting was chaired by Director Xiang Yu due to the absence of Chairman Guo Lingyong [2] - The voting results for the non-cumulative voting agenda showed that 934,596,478 votes (99.6427%) were in favor, while 3,175,602 votes (0.3385%) were against, and 175,100 votes (0.0188%) were abstained [2] - For the cash dividend proposal, 63,032,459 votes (94.9524%) from shareholders holding 1% to 5% of shares were in favor, while 3,175,602 votes (4.7837%) were against, and 175,100 votes (0.2639%) were abstained [2] Legal Compliance - The procedures for convening and holding the shareholders' meeting, as well as the qualifications of attendees and voting procedures, complied with the Company Law and the company's articles of association [4] - The resolutions passed at the meeting are deemed legal and valid [4]

（文章来源：证券日报） 证券日报网讯 9月1日晚间，华发股份发布公告称，公司2025年第六次临时股东会于2025年9月1日召 开，审议通过了《关于公司2025年半年度利润分配方案的议案》。 ...

（编辑 李家琪） 证券日报网讯 9月1日晚间，华发股份发布公告称，2025年8月，公司通过集中竞价交易方式回购股份 1，950，000股，占公司总股本的比例约为0.071%，回购成交的最高价为5.32元/股，最低价为5.16元/ 股，成交总金额为10，175，592元（不含印花税、交易佣金等费用）。截至2025年8月31日，公司累计 回购公司股份2，572万股，占公司目前总股本的比例为0.935%，回购成交的最高价为5.83元/股，最低 价为4.78元/股，成交总金额为人民币129，933，448.2元（不含印花税、交易佣金等费用）。 ...

Group 1 - The company Huafa Co., Ltd. (600325.SH) announced a share buyback program, having repurchased a total of 25.72 million shares as of August 31, 2025, which represents 0.935% of its current total share capital [1] - The highest price at which the shares were repurchased was 5.83 CNY per share, while the lowest price was 4.78 CNY per share [1] - The total amount spent on the share buyback was approximately 129,933,448.2 CNY, excluding stamp duty and transaction commissions [1]

Core Viewpoint - The company plans to repurchase its shares through a concentrated bidding process on the Shanghai Stock Exchange, with the aim of using the repurchased shares for employee stock ownership plans or equity incentives [1] Group 1: Share Repurchase Proposal - On September 1, the company announced that its board received a proposal from the then Chairman Li Guangning to repurchase shares [1] - The board approved the share repurchase plan on October 29, allowing the company to use its own or raised funds for the repurchase [1] - The total amount for the repurchase will not be less than 300 million yuan (including this amount) and not exceed 600 million yuan (including this amount), with a maximum repurchase price of 9.83 yuan per share [1] Group 2: Repurchase Details - The repurchase period is set for 12 months from the date of board approval [1] - As of August 31, 2025, the company had repurchased a total of 25.72 million shares, accounting for 0.94% of the total share capital [1] - The repurchase price range was between 4.78 yuan per share and 5.83 yuan per share, with a total expenditure of 130 million yuan (excluding stamp duty and transaction commissions) [1]

证券代码：600325 证券简称：华发股份 公告编号：2025-077 珠海华发实业股份有限公司 关于股份回购进展公告 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： | 回购方案首次披露日 | | 2024/10/30 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | | 年 月 2024 29 10 | 10 | 日~2025 | 年 | 月 | 28 | 日 | | 预计回购金额 | | 30,000万元~60,000万元 □减少注册资本 | | | | | | | | 回购用途 | | √用于员工持股计划或股权激励 | | | | | | | | | | □用于转换公司可转债 □为维护公司价值及股东权益 | | | | | | | | 累计已回购股数 | | 2,572万股 | | | | | | | | 累计已回购股数占总股本比例 | | 0.935% | | | | | | | | 累 ...