Group 1 - The company provides a guarantee for a loan of 1.6 billion RMB to its subsidiary, Nanjing Weipan Real Estate Development Co., Ltd., which is developing a project in Nanjing [1][3] - The loan application is made to Industrial and Commercial Bank of China with a maximum financing term of 15 years [1][3] - The guarantee covers the principal amount, interest, penalties, and other related costs, with a guarantee period of three years from the contract's effective date [3][5] Group 2 - The company has authorized a total guarantee limit of 25 billion RMB for the year 2025, which includes guarantees for its subsidiaries [2] - The current guarantee falls within the authorized limit and does not require additional board or shareholder meetings for approval [2][5] - As of the announcement date, the total external guarantee balance is 17.735 billion RMB, representing 30.04% of the company's audited net assets attributable to shareholders [5]

证券代码：600383 证券简称：金地集团 公告编号：2025-026 担保对象及基本情况 | | 被担保人名称 | 南京威磐房地产开发有限公司 | | --- | --- | --- | | | 本次担保金额 | 万元 160,000 | | 担保对象 | 实际为其提供的担保余额 | 160,000 万元 | | | 是否在前期预计额度内 | 是 | | | 本次担保是否有反担保 | 否 | 累计担保情况 | 对外担保逾期的累计金额（万元） | 0 | | --- | --- | | 截至本公告日上市公司及其控股 子公司对外担保总额（万元） | 1,773,517.88 | | 对外担保总额占上市公司最近一 期经审计净资产的比例（%） | 30.04 | 金地（集团）股份有限公司 科 学 筑 家 关于为南京项目公司融资提供担保的公告 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、准确性和完整性承担法律责任。 重要内容提示： 一、担保情况概述 （一） 担保的基本情况 金地（集团）股份有限公司（下称"公司"）之子公司深圳威新软件科技有 限公司通过间接的方式 ...

Group 1 - The article highlights the resurgence of private enterprises in the real estate market, with numerous companies actively acquiring land across various regions in China, indicating a revitalization of the sector [1][4][7] - There are two main perspectives in the industry regarding this trend: one is optimistic about the potential of these companies, while the other is cautious, recalling the failures of major players like Evergrande and Country Garden [2][3] - The article notes that many private enterprises are seizing opportunities in a market that has been disrupted, with some companies focusing on smaller, manageable projects rather than large-scale expansions [3][6] Group 2 - The article identifies several active private companies, such as Bangtai Group and Wanhu Group, which are making significant land acquisitions in cities like Chengdu and Wuhan, showcasing their ambition to grow despite market challenges [7][9][15] - It discusses the competitive landscape, where private enterprises are not only competing with each other but also with state-owned enterprises that have gained more influence in the market [5][6] - The article emphasizes the importance of product quality and delivery in the current market, suggesting that both private and state-owned enterprises must focus on these aspects to succeed [18][19]

Core Viewpoint - The company has successfully navigated through a debt repayment peak and is now focusing on development while prioritizing financial safety. Financing - The liquidity crisis related to public debt has been resolved, with a remaining balance of 560 million yuan [3] - The company plans to repay approximately 20 billion yuan in public debt throughout 2024, with only two public debts remaining: 6 million yuan due in October and 500 million yuan due in April next year [3] - As of the end of Q1 this year, the company had interest-bearing liabilities of 73.5 billion yuan, with 96.3% being bank loans [3] - The company is observing market opportunities for financing while maintaining a cautious approach to debt structure and duration [3][4] Market Conditions - The real estate market in China is experiencing a prolonged adjustment period, lasting over four years, with a historical trend of supply not meeting demand [6] - Despite current challenges, the market is projected to maintain a scale of 4 to 5 trillion yuan in the next 10 to 15 years [6] - The company believes that investments in first- and second-tier cities will show resilience during this adjustment phase [6][7] Investment Strategy - The company emphasizes safety in its investment strategy, with no specific investment quota set [8][10] - The company has paused investments during the debt repayment peak but is looking to resume cautiously as the debt issues have been resolved [9] - The total land reserve is approximately 29.16 million square meters, with a land reserve value of about 432.5 billion yuan [10]

Investment Rating - The report rates the real estate industry as "Outperform" [1] Core Insights - New home transaction area increased on a month-on-month basis but decreased year-on-year, with a significant drop in the year-on-year rate of decline [1] - The inventory of new homes and the de-stocking cycle both decreased on a month-on-month and year-on-year basis [1] - The land market saw both volume and price increases, with a notable rise in the premium rate [1] - Domestic bond issuance by real estate companies decreased significantly, indicating tighter financing conditions [1] - The absolute return of the real estate sector increased, while the relative return compared to the CSI 300 also improved [1] Summary by Sections 1. Key City New Home Market, Second-hand Home Market, and Inventory Tracking - New home transaction area for 40 cities was 3.366 million square meters, up 37.0% month-on-month but down 25.7% year-on-year [1][18] - Second-hand home transaction area decreased by 2.7% month-on-month but saw a smaller year-on-year decline of 0.9% [1][18] - New home inventory area for 12 cities was 87.42 million square meters, down 0.3% month-on-month and down 16.3% year-on-year [1][45] 2. Land Market Tracking - Total land transaction area for 100 cities was 15.761 million square meters, up 47.9% month-on-month and up 25.6% year-on-year [1][14] - Total land transaction price reached 57.35 billion yuan, up 186.7% month-on-month and up 155.3% year-on-year [1][14] - The average floor price of land was 3,639 yuan per square meter, up 93.9% month-on-month and up 103.2% year-on-year [1][14] 3. Industry Policy Review - The report highlights ongoing government efforts to stabilize the real estate market through various supportive measures [1][6] 4. Sector Performance Review - The absolute return of the real estate sector was 3.1%, an increase of 4.8 percentage points from the previous week [1][15] - The sector's price-to-earnings ratio (PE) was 23.85X, up 0.68X from the previous week [1][15] 5. Company Announcements - The report includes a summary of key company announcements within the real estate sector for the week [1][15] 6. Bond Issuance Situation - The total bond issuance in the real estate sector was 4.79 billion yuan, down 43.0% month-on-month and down 37.1% year-on-year [1][15]

Meeting Overview - The annual general meeting of the company was held on June 30, 2025, at the company's headquarters in Shenzhen [2] - The meeting was convened by the board of directors and chaired by Chairman Xu Jiajun, utilizing a combination of on-site and online voting methods [2][3] Attendance - All 11 current directors and 5 current supervisors attended the meeting, along with the board secretary and other senior management [3] Resolutions Passed - The following resolutions were approved during the meeting: - 2024 Annual Board Work Report [4] - 2024 Annual Supervisory Work Report [5] - 2024 Annual Financial Report [5] - 2024 Profit Distribution Plan [5] - Reappointment of Deloitte Huayong as the auditing firm for 2025 [5] - 2024 Annual Report [5] - Authorization for external guarantees for 2025 [6] - Authorization for external financial assistance for 2025 [8] - Amendments to the company's articles of association [8] - Amendments to the rules of procedure for the general meeting [8] - Amendments to the rules of procedure for the board meeting [8] - Amendments to the related party transaction management system [8] - Amendments to the selection system for accounting firms [8] Voting Results - Resolutions 9, 10, and 11 required a special resolution and were passed with more than two-thirds of the voting rights held by attending shareholders [9] - All other resolutions were passed with a simple majority of the voting rights held by attending shareholders [9] Legal Verification - The meeting was witnessed by Beijing Zhonglun (Shenzhen) Law Firm, confirming that the convening and proceedings of the meeting complied with relevant laws and regulations [10] Documentation - The resolutions from the annual general meeting and the legal opinion from the law firm are available for review [11]

Meeting Overview - The shareholders' meeting was held on June 30, 2025, at the company's headquarters in Shenzhen [1] - The meeting was convened by the board of directors and chaired by Chairman Xu Jiajun, with voting conducted both in-person and online [1] Voting Results - All proposed resolutions were approved with significant majority votes, including: - Resolution A: 1,819,236,184 votes in favor (99.6242%), 5,748,230 votes against (0.3147%), and 1,112,600 abstentions (0.0611%) [1] - Resolution B: 1,818,821,483 votes in favor (99.6015%), 6,074,930 votes against (0.3326%), and 1,200,601 abstentions (0.0659%) [1] - Resolution C: 1,819,484,783 votes in favor (99.6379%), 5,515,830 votes against (0.3020%), and 1,096,401 abstentions (0.0601%) [1] Special Resolutions - Special resolutions (items 9, 10, 11) required a two-thirds majority and were successfully passed [4] - Other ordinary resolutions were passed with more than half of the voting rights present [4] Legal Compliance - The meeting was witnessed by Beijing Zhonglun (Shenzhen) Law Firm, confirming that the meeting's procedures complied with relevant laws and regulations [4] - The legal opinion stated that the meeting was convened and conducted in accordance with the Company Law and the company's articles of association [4] Documentation - The resolutions from the 2024 annual shareholders' meeting and the legal opinion from the law firm are available for review [4]

北京市中伦（深圳）律师事务所 关于金地（集团）股份有限公司 法律意见书 二〇二五年六月 北京 • 上海 • 深圳 • 广州 • 武汉 • 成都 • 重庆 • 青岛 • 杭州 • 南京 • 海口 • 东京 • 香港 • 伦敦 • 纽约 • 洛杉矶 • 旧金 山 • 阿拉木图 Beijing • Shanghai • Shenzhen • Guangzhou • Wuhan • Chengdu • Chongqing • Qingdao • Hangzhou • Nanjing • Haikou • Tokyo • Hong Kong • London • New York • Los Angeles • San Francisco • Almaty 北京市中伦（深圳）律师事务所 关于金地（集团）股份有限公司 法律意见书 致：金地（集团）股份有限公司 北京市中伦（深圳）律师事务所（下称"本所"）接受金地（集团）股份有限 公司（下称"公司"）的委托，指派律师出席公司2024年年度股东大会（下称"本 次股东大会"），并根据《中华人民共和国公司法》 （下称"《公司法》"）、 《上市公 司股东会规则》 （下称"《股东会规 ...

Core Viewpoint - The company experienced significant financial challenges in 2024, with a reported revenue of approximately 75.34 billion and a net loss of 6.12 billion, reflecting a year-on-year decline of about 788.54% [1] Financial Performance - In 2024, the company recorded a contract amount of 68.51 billion, down 55.39% year-on-year, and a signed area of 4.714 million square meters, a decrease of 46.25% [1] - The company successfully navigated its debt peak in the previous year, repaying approximately 20 billion in public market debts without any defaults [3] - As of the end of 2024, the company had a total interest-bearing debt of 73.5 billion, with only about 5.6 billion in public debts remaining to be repaid [3] Market Conditions - The overall market remains in a state of oversupply, and the industry adjustment is not yet complete, presenting ongoing challenges for the company [1] - The company’s sales continued to decline into 2025, with a signed area of 238,000 square meters in May, down 51.92% year-on-year, and a contract amount of 3.12 billion, down 52.07% [4] Strategic Adjustments - The company is focusing on prudent operational adjustments, optimizing resource allocation, and enhancing organizational resilience to survive the current cycle and achieve sustainable development in the recovery phase [1][9] - The management emphasizes the importance of financial safety and a cautious investment strategy, particularly in light of the current market conditions [8] Future Outlook - The management believes that the Chinese real estate market will continue to exist long-term, with a projected annual sales scale of 4 to 5 trillion in 10 to 15 years [9] - The company is committed to adapting to market changes and policy directions to find new opportunities for survival and growth during the structural adjustments in the industry [9]

Core Viewpoint - The company, despite experiencing significant losses in 2024, remains confident in its ability to navigate the challenging real estate market and is focused on sustainable development and strategic adjustments [1][6]. Financial Performance - In 2024, the company reported a revenue of approximately 753.44 billion yuan, with a net loss attributable to shareholders of 61.15 billion yuan, marking a year-on-year decline of about 788.54% [1]. - The company's contracted sales amounted to 685.1 billion yuan, down 55.39% year-on-year, with a contracted area of 4.714 million square meters, a decrease of 46.25% [1]. - By the end of 2024, the company had a total interest-bearing debt of 735 billion yuan, with only about 5.6 billion yuan of public debt remaining to be repaid, indicating that the peak of debt repayment has passed [2]. Market Conditions - The overall market remains in a downturn, with the national market heat reaching a low of 15% in September 2023, recovering to around 50% in October but still below previous highs [3]. - The company has seen a significant drop in sales, with a monthly average sales scale decreasing from approximately 60 billion yuan in 2023 to about 30 billion yuan in 2024 [3]. Strategic Focus - The company plans to continue a cautious approach to investment, focusing on core business areas and optimizing resource allocation while ensuring financial safety [4][5]. - The management emphasizes the importance of adapting to market changes and policy directions to find new opportunities for survival and growth during the ongoing structural adjustments in the industry [5][6]. Future Outlook - The company believes that the real estate market in China will continue to exist long-term, with projected annual sales remaining between 4 trillion to 5 trillion yuan in the next 10 to 15 years [5]. - The management is confident that despite the challenges, there will be opportunities for resilient companies to thrive in the evolving market landscape [6].