证券代码：600340 证券简称：华夏幸福 公告编号：2026-010 华夏幸福基业股份有限公司 第八届董事会第三十八次会议决议公告 本公司董事会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、准确性及完整性承担法律责任。 一、董事会会议召开情况 华夏幸福基业股份有限公司（以下简称"公司"）于2026年1月15日以邮件等 方式发出召开第八届董事会第三十八次会议的通知，会议于2026年1月20日在北 京市朝阳区佳程广场A座23层以现场结合通讯会议方式召开并表决。本次会议应 出席董事8名，实际出席董事8名。本次会议由公司董事长王文学先生主持，公司 董事会秘书、财务总监列席了本次会议。本次会议的召集、召开及表决程序符合 《中华人民共和国公司法》和《华夏幸福基业股份有限公司章程》的规定。 二、董事会会议审议情况 2、审议通过《关于公司解聘2025年度会计师事务所的议案》 该议案已经第八届董事会审计委员会 2026 年第一次会议审议通过，本次董 事会审议通过后，尚需提交公司 2026 年第一次临时股东会审议。 表决结果：同意8票，反对0票，弃权0票。 具体内容详见公司同日在上海 ...

Core Viewpoint - The real estate sector continues to face widespread losses, with most listed companies in the A-share market reporting varying degrees of deficit for 2025, except for the leading company, Poly Developments [2][3]. Group 1: Company Performance - Among the 27 listed real estate companies that have released performance forecasts, only Poly Developments reported a positive net profit of approximately 1.03 billion yuan, while the total losses of the other companies ranged from 47.546 billion to 62.464 billion yuan [3]. - Poly Developments experienced a revenue decline of 1.09% year-on-year, with a net profit drop of 79.49% due to decreased gross profit margins and anticipated asset impairment losses of about 6.9 billion yuan [3]. - Other companies, such as China Fortune Land Development, are projected to incur losses of 16 billion to 24 billion yuan for 2025, with net assets expected to decline by 10 billion to 15 billion yuan [4]. Group 2: Industry Challenges - The real estate sector has been struggling with significant losses since 2022, attributed to factors such as low-profit project settlements, increased impairment provisions, and rising interest expenses [6]. - The sales volume of commercial housing is expected to decline by 12.6% year-on-year in 2025, indicating ongoing market challenges [7]. - The real estate development prosperity index has been on a downward trend, reaching 91.45 by December 2025, reflecting a sluggish economic activity in the sector [7]. Group 3: Future Outlook - Analysts suggest that the adjustment cycle in the real estate market may be nearing its end by 2026, with potential growth in the high-quality residential market driven by policy support and demand structure upgrades [8]. - Companies facing significant losses must manage their market value and ensure compliance with financial reporting to avoid delisting risks, which could arise from continuous losses or failure to meet revenue thresholds [9].

Core Viewpoint - Huaxia Happiness (SH600340) has faced significant operational challenges, leading to a sharp decline in stock price and investor confidence due to massive losses, debt pressure, and uncertainties surrounding its pre-restructuring process [2]. Group 1: Financial Performance - In the first three quarters of 2025, the company's revenue decreased by 72.09%, with a net loss of 9.829 billion yuan, resulting in a negative net asset of 4.738 billion yuan and a high debt-to-asset ratio of 96.44% [2]. - The 2025 annual performance forecast indicates a projected net profit loss of between -24 billion to -16 billion yuan, highlighting severe operational difficulties [2]. Group 2: Debt Issues - The company has completed a financial debt restructuring of 192.669 billion yuan, which accounts for 87.9% of the planned restructuring, but approximately 24 billion yuan of debt remains unpaid, creating significant repayment pressure [2]. - Multiple new lawsuits have emerged, with a total amount involved reaching 782 million yuan, which constitutes 19.09% of the company's net assets, further exacerbating financial risks [2]. Group 3: Pre-restructuring Uncertainty - The company has entered a pre-restructuring process, but there are major uncertainties regarding the outcome, as historical data shows that the success rate for real estate company restructurings is below 50% [2]. - If the company enters formal restructuring, it will immediately be marked with a *ST (special treatment), and a failed restructuring could lead to bankruptcy liquidation and delisting, raising concerns among investors about the company's future [2]. Group 4: Internal Management Issues - There are notable disagreements between the major shareholder, Ping An, and the board of directors, as all five temporary proposals put forth by Ping An were rejected by the board, indicating governance issues that could hinder the company's stable development [2]. - The outflow of funds due to investor lack of confidence has contributed to the stock price hitting the limit down [2].

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 000036 | 华联控股 | 6.23 | -7.43% | 90.28万 | 5.74亿 | | 600266 | 城建发展 | 6.47 | -5.69% | 368.23万 | 24.29 乙 | | 002305 | *ST南置 | 2.14 | -2.73% | 42.97万 | 9191.99万 | | 600773 | 西藏城投 | 13.70 | -2.49% | 1 20.45万 | 2.83亿 | | 600895 | 张江高科 | 44.89 | -1.32% | 34.30万 | 15.46 Z | | 600325 | 委发股份 | 4.06 | -0.98% | 40.77万 | 1.66亿 | | 600848 | 與過陳上 | 11.95 | -0.83% | 16.08万 | 1.93 Z | | 000006 | 深振业A | 9.15 | -0.65% | 22.17万 | 2.02亿 | | 600736 ...

南方中证房地产ETF发起联接A（004642）成立日期2017年8月24日，最新规模2.02亿。今年以来收益 0.88%，同类排名4896/5579；近一年收益6.6%，同类排名3959/4225；成立以来亏损42.68%。 南方中证房地产ETF发起联接A（004642）基金经理为罗文杰。 截至发稿，罗文杰累计任职时间12年276天，现任基金资产总规模1702.51亿元，任职期间最佳基金回报 183.13%， 任职期间最差基金回报-47.6%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 1月19日，华夏幸福涨6.96%，截至发稿，报1.69元/股，成交5.13亿元，换手率9.06%，总市值66.14亿 元。 资料显示，华夏幸福基业股份有限公司位于北京市朝阳区东三环北路霞光里18号佳程广场A座23层，成 立日期1993年5月28日，上市日期2003年12月30日，公司主营业务涉及对房地产、工业园区及基础设施 建设投资;房地产中介服务;提供施工设备服 ...

格隆汇1月19日｜华夏幸福(600340)盘中涨停，上演"地天板"，成交额6.45亿元。 ...

Group 1 - The stock of Huaxia Happiness (600340) experienced a limit down today, with a turnover rate of 0.74% and a total transaction amount of 45.33 million yuan [1] - The stock was listed on the Shanghai Stock Exchange's watch list due to a daily price deviation of -9.97%, with a net buying amount of 479,800 yuan from brokerage seats [2] - Over the past six months, the stock has appeared on the watch list 10 times, with an average price drop of 0.95% the next day and an average drop of 7.33% over the following five days [3] Group 2 - For the first three quarters of 2025, the company reported a total revenue of 3.882 billion yuan, a year-on-year decrease of 72.09%, and a net profit of -9.829 billion yuan [4] - The company issued a performance forecast on January 14, 2025, expecting a net profit between -24 billion yuan and -16 billion yuan, representing a year-on-year change range of -398.24% to -232.16% [5]

证券之星消息，1月16日房地产开发板块较上一交易日下跌0.91%，华夏幸福领跌。当日上证指数报收于 4101.91，下跌0.26%。深证成指报收于14281.08，下跌0.18%。房地产开发板块个股涨跌见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 000620 盈新发展 | | 5.75 Z | 30.35% | -1.73亿 | -9.11% | -4.02 Z | -21.23% | | 600266 城建发展 | | 3.70 Z | 18.50% | -1.66亿 | -8.31% | -2.04亿 | -10.20% | | 002208 合肥城建 | | 3.14亿 | 20.94% | -1.50 乙 | -10.02% | -1.64亿 | -10.92% | | 600895 张江高科 | | 1.53亿 | 6.85% | -5895.64万 | -2.64% | -9385.33万 ...

Group 1 - The company announced the election of Mr. Zhuang Yong as the employee director of the eighth board of directors, effective from January 15, 2026, until the term of the eighth board ends [1][3] - Mr. Zhuang Yong has a background in finance and has held various positions within the company since 2014, currently responsible for the Peacock City project [3] - The election complies with legal requirements, ensuring that the number of employee representatives on the board does not exceed half of the total board members [1] Group 2 - The company reported the resignation of non-independent director Mr. Feng Nianyi due to personal reasons, effective January 14, 2026 [5] - Mr. Feng held 552,700 shares in the company, including 58,500 restricted shares, and will continue to fulfill his commitments related to major asset sales even after his resignation [6][7] - The board expressed gratitude for Mr. Feng's contributions during his tenure [7] Group 3 - The company's stock experienced a significant decline, with a cumulative drop of 20% over three consecutive trading days from January 13 to January 15, 2026, triggering an abnormal trading situation [8] - Preliminary estimates indicate that the company expects a net loss of between 16 billion to 24 billion yuan for the fiscal year 2025, with a projected net asset value of between -10 billion to -15 billion yuan by year-end [8][9] - The company is under scrutiny for potential delisting risks due to negative net asset projections and ongoing pre-restructuring proceedings [9][16]

1月15日晚，华夏幸福（SH600340，股价1.76元，市值68.88亿元）公告称，董事冯念一因个人原因辞去公司第八届董事会非独立董事职务，辞职时间为1月 14日，原定任期到期日为3月9日。 《每日经济新闻》记者（以下简称"每经记者"）注意到，冯念一辞职后将继续担任公司副总裁职务。截至公告披露日，冯念一持有公司股份552,700股，其 中限制性股票58,500股。冯念一在公司重大资产出售交易中作出相关承诺，包括自公司首次披露《重大资产出售暨关联交易》事项之日起至重组实施完毕期 间不存在减持所持有的公司股份计划的承诺、关于减少和规范关联交易的承诺以及关于重大资产重组摊薄即期回报填补措施的承诺等，上述承诺尚未履行完 毕。冯念一辞任公司第八届董事会董事职务后继续履行上述承诺。 在此之前，对于董事王葳（平安系董事）质疑华夏幸福公告预重整合规性的问题，冯念一曾回应每经记者："预重整是公司彻底化解债务风险、实现脱困发 展的一次极为难得的机会，有利于保护广大债权人及全体股东权益，如果被任意推翻，错过了这次机会，公司可能就再难恢复生机。" 冯念一表示，上市公司预重整有两种申请模式，一种是被债权人申请预重整，一种是上市公司主 ...