Core Viewpoint - Black Peony (600510) reported a significant decline in real estate operations for Q4 2025, indicating challenges in the market and potential implications for future performance [1] Group 1: Contracted Area and Amount - The contracted area for Q4 2025 was 32,400 square meters, representing a year-on-year decrease of 82.17% [1] - The equity contracted area was 25,000 square meters, showing a year-on-year decrease of 77.11% [1] - The contracted amount reached RMB 417.74 million, down 71.05% year-on-year [1] Group 2: Rental Income and Area - As of December 31, 2025, the company's rental area was 246,500 square meters, with an equity rental area of 241,300 square meters [1] - The rental income for Q4 2025 was RMB 14.26 million, with equity rental income amounting to RMB 13.90 million [1]

Core Viewpoint - The company emphasizes its commitment to improving governance and compliance with legal regulations, ensuring a robust decision-making framework and operational capabilities [1] Group 1: Governance and Compliance - The company continuously enhances its governance system and establishes comprehensive regulations to improve operational compliance [1] - The company has implemented a tiered decision-making system to elevate governance standards [1] Group 2: Financial Impact - The company states that the completion of the business registration change for Aite Network Energy on December 27, 2022, will not affect its current or foreseeable future performance [1]

Group 1 - The core point of the article is that Heimu Dan (600510.SH) reported a significant decline in both signed area and signed amount for the fourth quarter of 2025 compared to the previous year [1] Group 2 - The signed area achieved was 32,400 square meters, representing a year-on-year decrease of 82.17% [1] - The equity signed area was 25,000 square meters, showing a year-on-year decrease of 77.11% [1] - The signed amount reached RMB 418 million, which is a year-on-year decrease of 71.05% [1] - The equity signed amount was RMB 327 million, reflecting a year-on-year decrease of 61.13% [1]

Group 1 - The core viewpoint of the article indicates that Heimu Dan (600510.SH) has reported a significant decline in both contracted area and contracted amount for the fourth quarter of 2025 compared to the previous year [1] Group 2 - The contracted area achieved is 32,400 square meters, representing a year-on-year decrease of 82.17%, with the equity contracted area at 25,000 square meters, down 77.11% [1] - The contracted amount reached RMB 418 million, which is a year-on-year decrease of 71.05%, while the equity contracted amount is RMB 327 million, reflecting a decline of 61.13% [1]

Group 1 - The company, Heibodian (600510.SH), announced that its wholly-owned subsidiary, Changzhou Heibodian Real Estate Co., Ltd., acquired approximately 56,400 square meters of state-owned construction land use rights [1] - As of the end of Q4 2025, the company had 225,200 square meters of undeveloped land, with a maximum gross floor area of 500,600 square meters [1] - In Q4 2025, the company did not start any new projects and reported no new completed area [1] Group 2 - The company achieved a signed area of 32,400 square meters in Q4 2025, a year-on-year decrease of 82.17%, with an equity signed area of 25,000 square meters, down 77.11% [1] - The total signed amount for Q4 2025 was RMB 417.74 million, a decrease of 71.05% year-on-year, with an equity signed amount of RMB 327.36 million, down 61.13% [1] - As of December 31, 2025, the company's rental area was 246,500 square meters, with rental income for Q4 2025 amounting to RMB 14.26 million [2]

Core Viewpoint - Black Peony (600510) reported a significant decline in its real estate operations for the fourth quarter of 2025, indicating challenges in the market [1] Group 1: Performance Metrics - The company achieved a contracted area of 32,400 square meters, representing a year-on-year decrease of 82.17% [1] - The equity contracted area was 25,000 square meters, down 77.11% year-on-year [1] - The total contracted amount reached 418 million yuan, reflecting a year-on-year decline of 71.05% [1] - The equity contracted amount was 327 million yuan, which is a decrease of 61.13% compared to the previous year [1]

Group 1 - The company, Heimu Dan (600510.SH), announced that its wholly-owned subsidiary, Changzhou Heimu Dan Real Estate Co., Ltd., acquired approximately 56,400 square meters of state-owned construction land use rights as of December 2025 [1] - As of the end of Q4 2025, the company had 225,200 square meters of undeveloped land, with a maximum gross floor area of 500,600 square meters [1] - In Q4 2025, the company did not start any new projects and reported no new completed area [1] Group 2 - In Q4 2025, the company achieved a signed area of 32,400 square meters, a year-on-year decrease of 82.17%, with an equity signed area of 25,000 square meters, down 77.11% [1] - The total signed amount for Q4 2025 was RMB 417.74 million, a year-on-year decrease of 71.05%, with an equity signed amount of RMB 327.36 million, down 61.13% [1] - As of December 31, 2025, the company's rental area was 246,500 square meters, with a rental income of RMB 14.26 million in Q4 2025, and an equity rental income of RMB 13.89 million [2]

| | 被担保人名称 | 常州绿都房地产有限公司（以下简称 | | | | --- | --- | --- | --- | --- | | | | "绿都房地产"） | | | | | 本次担保金额 | 30,600.00 万元 | | | | 担保对象一 | 实际为其提供的担保余额 | 25,121.37 万元 | | | | | 是否在前期预计额度内 | 是 | □否 | □不适用：_________ | | | 本次担保是否有反担保 | □是 | 否 | □不适用：_________ | | 担保对象二 | 被担保人名称 | | | 常州达辉建设有限公司（以下简称 | | | | "达辉建设"） | | | | | 本次担保金额 | 4,000.00 万元 | | | | | 实际为其提供的担保余额 | 0.00 | 万元 | | | | 是否在前期预计额度内 | 是 | □否 | 不适用：_________ | | | 本次担保是否有反担保 | 是 | 否 | 不适用：_________ | 担保对象及基本情况 累计担保情况 | 对外担保逾期的累计金额（万元） | 0.00 | | -- ...

1、重大变动情况：2025 年 12 月，公司全资子公司常州黑牡丹置业有限公司竞 得约 5.64 万平方米的国有建设用地使用权（详见公司公告 2025-047）。除上述变动 以外，未发生其他房地产储备的重大变动、重大项目投资成本的重大变动、重大工 程质量问题、收购或出售子公司达到重大披露标准等应当披露的情况。 证券代码：600510 证券简称：黑牡丹 公告编号：2026-002 黑牡丹（集团）股份有限公司 2025 年第四季度房地产经营情况简报 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。 根据《上海证券交易所上市公司自律监管指引第 3 号——行业信息披露》等要 求，现将黑牡丹（集团）股份有限公司（以下简称"公司"）2025 年第四季度房地产 项目主要经营情况披露如下： 黑牡丹（集团）股份有限公司董事会 2026 年 1 月 10 日 1/1 2、项目储备情况：2025 年第四季度末，未开工的土地面积 22.52 万平方米（其 中未开工的权益土地面积 22.52 万平方米），计容建筑面积不超过 50.06 万平方米（其 中权 ...

黑牡丹公告，2025年第四季度，实现签约面积3.24万平方米，同比减少82.17%（其中权益签约面积2.50 万平方米，同比减少77.11%）；实现签约金额人民币41773.97万元，同比减少71.05%（其中权益签约金 额人民币32736.11万元，同比减少61.13%）。2025年第四季度，未有新开工项目；无新增竣工面积。 ...