Group 1 - The core point of the article is that Greenland Holdings announced the convening of its 11th fourth board meeting on October 29, 2025, to review the proposal for the third quarter report of 2025 [1] - For the first half of 2025, the revenue composition of Greenland Holdings is as follows: construction and related industries accounted for 45.75%, real estate and related industries accounted for 36.21%, other industries accounted for 10.88%, commodity sales and related industries accounted for 9.49%, and other businesses accounted for 0.2% [1]

Core Insights - Greenland Holdings (600606.SH) reported a significant decline in revenue for the first three quarters of 2025, with total revenue reaching 127.697 billion yuan, representing a year-on-year decrease of 20.16% [1] - The company experienced a net loss attributable to shareholders of 6.69 billion yuan, indicating financial distress [1] - The adjusted net profit also showed a loss of 6.038 billion yuan, reflecting ongoing operational challenges [1] - Basic earnings per share were reported at -0.48 yuan, further highlighting the company's financial difficulties [1]

Core Viewpoint - Greenland Holdings is a large comprehensive enterprise group in China, leading in various fields including real estate, with a focus on real estate development and related industries [1] Group 1: Business Performance - In Q3 2025, Greenland Holdings reported revenue of 127.697 billion yuan, ranking 3rd in the industry out of 69 companies, surpassing the industry average of 11.727 billion yuan and median of 1.938 billion yuan, but below Poly Developments' 173.722 billion yuan and Vanke A's 161.388 billion yuan [2] - The main business composition includes construction and related industries at 43.322 billion yuan (45.85%), real estate and related industries at 34.289 billion yuan (36.29%), other income at 10.3 billion yuan (10.90%), and commodity sales and related industries at 8.987 billion yuan (9.51%) [2] - The net profit was -7.986 billion yuan, ranking 67th in the industry, significantly lower than Poly Developments' 6.515 billion yuan and *ST Zhongdi's 4.586 billion yuan, and below the industry average of -0.707 billion yuan and median of -9.3687 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, Greenland Holdings had a debt-to-asset ratio of 89.52%, higher than the previous year's 86.62% and above the industry average of 60.51% [3] - The gross profit margin for Q3 2025 was 7.89%, down from 10.79% in the previous year and below the industry average of 19.19% [3] Group 3: Executive Compensation - Chairman Zhang Yuliang's compensation decreased from 4.5816 million yuan in 2023 to 2.9554 million yuan in 2024, a reduction of 1.6262 million yuan [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 3.50% to 126,000, while the average number of circulating A-shares held per account decreased by 3.39% to 111,600 [5] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited ranked fifth with 72.4594 million shares, an increase of 13.7207 million shares compared to the previous period [5]

Core Insights - Greenland Holdings reported a significant decline in revenue and a substantial net loss for the first nine months of 2025, indicating ongoing financial challenges for the company [1] Financial Performance - The company achieved an operating revenue of 127.697 billion yuan, representing a year-on-year decrease of 20.16% [1] - Greenland Holdings recorded a net loss of 6.69 billion yuan, which is a staggering year-on-year increase in losses of 2927.38% [1]

Core Viewpoint - Greenland Holdings (600606) reported significant declines in both revenue and net profit for Q3 2025, reflecting the challenges faced by the real estate and infrastructure sectors due to industry downturns [1] Financial Performance - In Q3 2025, the company's operating revenue was 33.202 billion yuan, a year-on-year decrease of 25.59% [1] - The net profit for Q3 2025 showed a loss of 3.183 billion yuan [1] - For the first three quarters of 2025, the total operating revenue reached 127.697 billion yuan, down 20.16% year-on-year [1] - The net profit for the first three quarters of 2025 was a loss of 6.690 billion yuan [1] Industry Impact - The decline in revenue and profit is attributed to a significant reduction in the scale of revenue recognition in the real estate sector and the infrastructure industry's revenue, both heavily impacted by the prevailing industry downturn [1]

证券代码：600606 证券简称：绿地控股 编号：临 2025-046 绿地控股集团股份有限公司 第十一届董事会第四次会议决议公告 绿地控股集团股份有限公司董事会 2025 年 10 月 31 日 1 2025 年 10 月 20 日，绿地控股集团股份有限公司（以下简称"公司"）以直 接送达或电子邮件的方式，向全体董事发出召开第十一届董事会第四次会议（以 下简称"会议"）的通知。2025 年 10 月 29 日，会议在公司会议室以现场与通讯 相结合的方式召开。本次会议由董事长张玉良先生主持，会议应参加表决董事 11 人,实际参加表决董事 11 人（其中出席现场会议的董事 9 人，以通讯方式参 会的董事 2 人），符合《公司法》和《公司章程》的有关规定。会议审议通过了 以下议案： 关于公司2025年第三季度报告的议案 公司2025年第三季度报告详见上海证券交易所网站www.sse.com.cn。 本议案提交董事会审议前已经董事会审计委员会审议通过。 表决情况：11票赞成，0票反对，0票弃权。 表决结果：通过。 特此公告。 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 ...

Core Viewpoint - Greenland Holdings reported a significant decline in revenue and net profit for the third quarter and the first three quarters of the year, indicating ongoing financial challenges for the company [1] Financial Performance - The company's revenue for the third quarter was 33.202 billion yuan, a year-on-year decrease of 25.59% [1] - The net profit for the third quarter showed a loss of 3.183 billion yuan [1] - For the first three quarters, the total revenue was 127.697 billion yuan, reflecting a year-on-year decline of 20.16% [1] - The net profit for the first three quarters resulted in a loss of 6.690 billion yuan [1]

证券代码：600606 证券简称：绿地控股 绿地控股集团股份有限公司 2025 年第三季度报告 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： 绿地控股集团股份有限公司 2025 年第三季度报告 公司董事会及董事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 1 / 21 绿地控股集团股份有限公司 2025 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 | | | | 单位：元 | 币种：人民币 | | | --- | --- | --- | --- | --- | --- | | | | 本报告期 | | 年初至报告期 | | | 项目 | 本报告期 | 比上年同 | 年初至报告期末 | 末比上年同期 | | | | | 期增减变 | | 增减变动幅度 | | | | | ...

Core Insights - The average stock price of A-shares is 14.06 yuan, with 28 stocks priced below 2 yuan, the lowest being *ST Gao Hong at 0.38 yuan [1][2] - Among the low-priced stocks, 12 are ST stocks, accounting for 42.86% of the total [1] - In terms of market performance, 11 of the low-priced stocks increased in price, with HNA Holding, ST Lingnan, and Jin Zheng Da showing the highest gains of 3.55%, 2.58%, and 1.68% respectively [1] Low-Priced Stocks Overview - The lowest priced stock is *ST Gao Hong at 0.38 yuan, followed by *ST Yuan Cheng at 0.86 yuan and *ST Su Wu at 0.96 yuan [1] - The daily performance of low-priced stocks shows that 11 stocks increased while 11 decreased, with *ST Yuan Cheng, ST Jing Lan, and ST Ming Cheng experiencing the largest declines of 4.44%, 2.25%, and 1.60% respectively [1] - The table of low-priced stocks includes various sectors such as telecommunications, construction decoration, pharmaceuticals, real estate, and steel [1][2]

Summary of Key Points Core Viewpoint - The average stock price of A-shares is 13.94 yuan, with 26 stocks priced below 2 yuan, the lowest being *ST Gao Hong at 0.38 yuan [1][2] Group 1: Market Performance - As of October 27, the Shanghai Composite Index closed at 3996.94 points, with a notable presence of low-priced stocks in the market [1] - Among the low-priced stocks, 5 stocks increased in price, with Rongsheng Development, Chongqing Steel, and Shandong Steel showing gains of 1.23%, 0.66%, and 0.61% respectively [1] - Conversely, 14 stocks declined, with *ST Yuan Cheng, *ST Yun Wang, and *ST Su Wu experiencing the largest drops of 5.00%, 4.98%, and 4.72% respectively [1] Group 2: Low-Priced Stocks Overview - There are 26 stocks priced below 2 yuan, with 11 of them classified as ST stocks, representing 42.31% of the low-priced stocks [1] - The lowest priced stock is *ST Gao Hong at 0.38 yuan, followed by *ST Yuan Cheng at 0.95 yuan and *ST Su Wu at 1.01 yuan [1] - The table of low-priced stocks includes various sectors such as telecommunications, construction decoration, and pharmaceuticals, indicating a diverse industry representation among low-priced stocks [1][2]