（一）股权投资，是指公司和其他法律主体新组建公司、购买其他法律主体 持有的股权或对其他公司进行增资，从而持有其他公司股权所进行的投资； 上海市天宸股份有限公司 投资管理制度 （2025 年修订） 第一章 总则 第一条 为规范上海市天宸股份有限公司（以下简称"公司"）的投资行为， 建立科学的投资管理机制，确保投资决策的科学性，有效防范各种风险，保障资 金安全，提高投资效益，维护公司和股东的利益，依照《中华人民共和国公司法》 （以下简称"《公司法》"）、《上海证券交易所股票上市规则》（以下简称"《上 市规则》"）等法律、法规、规范性文件及《上海市天宸股份有限公司章程》（以 下简称"《公司章程》"）、《上海市天宸股份有限公司总经理工作细则》（以 下简称"《总经理工作细则》"）的规定，结合公司实际情况，制定本制度。 第二条 本制度规定了公司的投资原则、审批权限、组织管理机构、决策流 程、投资实施、投后管理以及投资处置等内容。本制度适用于公司、公司全资子 公司、控股子公司及公司拥有实际控制权的参股公司。公司子公司不得自行进行 对外投资。 第三条 本制度所称投资是指： （二）证券投资，是指公司通过证券交易所的股票转让活动 ...

第一条 宗旨 为了进一步规范本公司董事会的议事方式和决策程序，促使董事和董事会有 效地履行其职责，提高董事会规范运作和科学决策水平，根据《中华人民共和国 公司法》（以下简称《公司法》）、《中华人民共和国证券法》（以下简称《证券法》）、 《上市公司治理准则》和《上海证券交易所股票上市规则》等相关法律、法规、 规范性文件以及《上海市天宸股份有限公司章程》（以下简称"《公司章程》"）的 有关规定，制订本规则。 第二条 董事会办公室 董事会下设董事会办公室，处理董事会日常事务。 董事会秘书兼任董事会办公室负责人，保管董事会和董事会办公室印章。董 事会秘书可以指定证券事务代表等有关人员协助其处理日常事务。 上海市天宸股份有限公司 董事会议事规则 （2025 年修订） 第三条 定期会议 董事会会议分为定期会议和临时会议。 董事会每年应当至少在上下两个半年度各召开一次定期会议。 第四条 定期会议的提案 在发出召开董事会定期会议的通知前，董事会办公室应当逐一征求各董事的 意见，初步形成会议提案后交董事长拟定。 董事长在拟定提案前，视需要征求总经理和其他高级管理人员的意见。 第五条 临时会议 有下列情形之一的，董事会应当召开临 ...

第一条 为规范上海市天宸股份有限公司（以下简称"公司"）股东会议 事行为，提高股东会议事效率，保证股东会会议程序及决议的合法性，充分维护 全体股东的合法权益，根据《中华人民共和国公司法》（以下简称《公司法》） 《中华人民共和国证券法》（以下简称《证券法》）《上市公司股东会规则》（以 下简称《股东会规则》）等相关法律、法规、规范性文件和《上海市天宸股份有 限公司章程》（以下简称《公司章程》）的规定，特制定本议事规则。 第二条 公司股东会的召集、提案、通知、召开等事项适用本规则。 上海市天宸股份有限公司 股东会议事规则 （2025 年修订） 第一章 总则 第三条 股东会是公司的最高权力决策机构，依据《公司法》、《证券法》、 《上市公司治理准则》、《股东会规则》、《公司章程》及本规则的规定对重大事项 进行决策。股东依其持有的股份数额在股东会上行使表决权。 公司应当严格按照法律、行政法规、本规则及《公司章程》的相关规定召开 股东会，保证股东能够依法行使权利。公司董事会应当切实履行职责，认真、按 时组织股东会。公司全体董事应当勤勉尽责，确保股东会正常召开和依法行使职 权。 第四条 股东会分为年度股东会和临时股东会。年度 ...

上海市天宸股份有限公司 总经理工作细则 （2025 年修订） 第一章 总则 第一条 为进一步完善公司法人治理结构，明确总经理的职权、职责，规范 总经理的行为，依据《中华人民共和国公司法》和本公司章程，特制定本工作细 则。 第二条 公司设总经理一名，副总经理二至四名，以及业务负责人。 第三条 总经理对董事会负责，组织实施董事会决议，主持公司日常生产经 营和管理工作。 第四条 公司总经理由董事会聘任职业经理人担任，也可由公司董事兼任。 第五条 总经理每届任期三年，连聘可以连任。 第二章 总经理的职权 第六条 总经理对董事会负责，根据公司章程的规定或者董事会的授权行使 职权。总经理行使下列职权： （一）组织实施董事会决议，主持公司的日常生产经营与管理工作； （二）拟订公司中长期发展规划、重大投资项目及年度生产经营计划； （三）拟订公司年度财务预决算方案；拟订公司利润分配方案、弥补亏损方 案和公司资产用于抵押融资的方案； （四）拟订公司内部经营管理机构设置方案； （五）拟订公司基本管理制度和制定公司具体规章； （六）拟订公司员工工资、福利和奖惩方案，年度人事和用工计划； （七）提请董事会聘任或解聘公司的副总经理等高级 ...

Core Points - The company guarantees the authenticity, accuracy, and completeness of the quarterly report, and assumes legal responsibility for any false records, misleading statements, or significant omissions [1][5] - The quarterly financial report has not been audited [2][4] - The company has provided details on major accounting data and financial indicators, but specific figures are not included in the provided text [2][3] Financial Data - The financial statements include the consolidated balance sheet, consolidated income statement, and consolidated cash flow statement for the first quarter of 2025, all of which are unaudited [4] - The company has not indicated any significant changes in major accounting data or financial indicators [3][4] Shareholder Information - Information regarding the total number of common shareholders and the top ten shareholders is mentioned, but specific details are not provided in the text [3]

Financial Performance - The company's operating revenue for Q1 2025 reached ¥71,934,740.66, a significant increase of 1,707.88% compared to ¥3,978,948.18 in the same period last year[4] - Net profit attributable to shareholders was ¥3,310,302.62, a turnaround from a loss of ¥19,881,535.37 in the previous year[4] - Basic earnings per share improved to ¥0.0048 from a loss of ¥0.029 per share in the same period last year[4] - Operating profit for Q1 2025 was ¥4,983,488.03, compared to a loss of ¥27,997,017.01 in Q1 2024, indicating a turnaround in profitability[19] - Net profit for Q1 2025 was ¥3,270,974.92, recovering from a net loss of ¥19,888,568.15 in Q1 2024[20] - The company reported a total comprehensive loss of -¥66,934,802.38 in Q1 2025, compared to -¥108,659,523.41 in Q1 2024, showing an improvement in comprehensive performance[20] Cash Flow - The net cash flow from operating activities was -¥174,260,632.41, worsening from -¥55,020,293.96 in the same period last year[4] - Cash flow from operating activities for Q1 2025 was negative at -¥174,260,632.41, worsening from -¥55,020,293.96 in Q1 2024[23] - The company’s cash inflow from operating activities was ¥91,046,106.60 in Q1 2025, significantly higher than ¥34,081,141.98 in Q1 2024[23] - Net cash flow from investing activities was -$18.20 million, compared to -$0.95 million in the previous period[24] - Cash inflow from financing activities totaled $121.81 million, significantly up from $10.00 million previously[24] - Net cash flow from financing activities was $110.33 million, compared to $5.25 million in the prior period[24] - The ending balance of cash and cash equivalents decreased to $160.36 million from $411.21 million[24] - The company experienced a net decrease in cash and cash equivalents of -$82.19 million, compared to -$50.73 million previously[24] - Cash outflow from investment activities amounted to $22.77 million, up from $6.08 million in the previous period[24] - Cash paid for debt repayment was $10.00 million, with dividend payments totaling $1.48 million[24] - The impact of exchange rate changes on cash and cash equivalents was -$58.58 thousand[24] - The cash flow from financing activities was primarily driven by increased borrowings[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,830,294,373.30, a decrease of 6.52% from ¥3,027,650,070.57 at the end of the previous year[5] - The total liabilities decreased to ¥1,354,777,194.95 in Q1 2025 from ¥1,485,198,089.84 in Q1 2024, reflecting a reduction of approximately 8.8%[16] - The total equity attributable to shareholders decreased to ¥1,475,859,323.19 in Q1 2025 from ¥1,542,754,797.87 in Q1 2024, a decline of about 4.3%[16] - Current liabilities include accounts payable of ¥310,585,849.97, down from ¥513,658,069.47, a decrease of about 39.5%[15] - The company has no short-term borrowings as of March 31, 2025, compared to ¥10,000,000.00 previously[15] Shareholder Information - The total number of common shareholders at the end of the reporting period is 19,000[10] - The largest shareholder, Shanghai Zhongsheng Hongqiao Enterprise Management Co., Ltd., holds 172,225,164 shares, representing 25.08% of total shares[10] - The second-largest shareholder, Guohua Life Insurance Co., Ltd. - Universal No. 3, holds 104,088,332 shares, accounting for 15.16%[10] Revenue Sources - The company attributed the revenue increase primarily to property sales from its subsidiary, Shanghai Tianchen Health Management Co., Ltd.[8] - The net profit increase was mainly due to property sales, which were absent in the same period last year[8] Other Financial Metrics - The weighted average return on equity increased to 0.22%, up by 1.50 percentage points from -1.28% in the previous year[5] - The company incurred total operating costs of ¥65,756,679.54 in Q1 2025, up from ¥30,681,901.83 in Q1 2024, marking an increase of approximately 114%[19] - The company's total current assets as of March 31, 2025, amount to ¥1,826,054,962.07, a decrease from ¥1,931,276,113.87 on December 31, 2024[14] - Cash and cash equivalents decreased from ¥253,556,811.39 to ¥171,364,509.60, reflecting a decline of approximately 32.4%[14] - Accounts receivable decreased from ¥44,235,390.89 to ¥30,456,679.93, a reduction of about 30.9%[14] - Inventory as of March 31, 2025, is ¥1,575,706,371.38, slightly down from ¥1,588,261,007.38[14]

沪指4月28日下跌0.20%，申万所属行业中，今日上涨的有5个，涨幅居前的行业为银行、钢铁，涨幅分 别为0.98%、0.53%。跌幅居前的行业为房地产、综合，跌幅分别为3.66%、2.52%。综合行业位居今日 跌幅榜第二。 综合行业今日下跌2.52%，全天主力资金净流出3.41亿元，该行业所属的个股共20只，今日；下跌的有 19只，跌停的有2只。以资金流向数据进行统计，该行业资金净流入的个股有6只，净流入资金居首的是 天宸股份，今日净流入资金1105.23万元，紧随其后的是浙农股份、悦达投资，净流入资金分别为310.21 万元、254.02万元。综合行业资金净流出个股中，资金净流出超千万元的有5只，净流出资金居前的有 宁波联合、漳州发展、特力A，净流出资金分别为2.37亿元、5823.73万元、2048.44万元。 综合行业资金流向排名 | 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 600051 | 宁波联合 | -1.72 | 28.11 | -23656.07 | | 000753 | 漳州 ...

Core Insights - The company reported a revenue of 341,870,271.41 yuan for 2024, marking a year-on-year increase of 14.96% [2] - Net profit attributable to shareholders was 32,077,522.61 yuan, up 47.07% year-on-year, but the net profit after excluding non-recurring gains and losses dropped by 90.26% to 2,034,240.31 yuan [3][4] - The significant increase in operating cash flow, which reached 58,892,385.60 yuan, represented a 571.75% increase compared to the previous year [10] Financial Performance - Revenue growth was driven by a 75.25% increase in property leasing and other income, while real estate sales revenue fell by 42.75% to 162,134,264.23 yuan [2] - The company optimized its business structure, leading to gains from the disposal of subsidiaries, contributing approximately 15,581,209.43 yuan from the sale of Shanghai Tianchen Passenger Transport Co., Ltd. [3] - Basic earnings per share rose to 0.05 yuan, a 66.67% increase, while the diluted earnings per share after excluding non-recurring items fell to 0.003 yuan, a decrease of 90% [4] Expense Analysis - Sales expenses increased slightly by 3.24% to 13,735,474.89 yuan, indicating a need to monitor the effectiveness of marketing investments [5] - Management expenses remained stable, growing only 0.68% to 78,999,788.26 yuan, reflecting effective cost control [6] - Financial expenses decreased by 4.28% to 19,543,673.77 yuan due to reduced interest expenses from loan repayments [7] Cash Flow Analysis - Operating cash flow significantly increased due to reduced cash outflows from project payments, resulting in a net cash flow of 58,892,385.60 yuan [10] - Investment cash flow also saw a notable increase of 202.43% to 85,478,721.63 yuan, primarily from the disposal of subsidiary equity [11] - Financing cash flow experienced a net outflow of 364,048,721.40 yuan, an increase in outflow by 310,663,600 yuan, mainly due to increased loan repayments [12] Strategic Outlook - The company is focusing on expanding its presence in the renewable energy sector, with new R&D investments amounting to 1,323,805.28 yuan [9] - The real estate market remains a significant risk factor, with potential impacts from market fluctuations and competition [13] - The company aims to enhance its core competitiveness and optimize its business structure to ensure sustainable growth amidst challenges in both the real estate and renewable energy sectors [15]

天宸股份 2024 年度社会责任报告 股票代码：600620 前 言 1、 本报告系上海市天宸股份有限公司（以下简称"公司"或"天 宸股份"）连续第18年编制的社会责任报告。本报告本着真实、客观、 透明的原则，系统地总结和反映了公司在履行社会责任方面的实践情 况，旨在真实反映公司2024年度履行社会责任的状况，以促进公司全 面健康发展。 2、本报告的编制是依据上海证券交易所《关于加强上市公司社会 责任承担工作暨发布<上海证券交易所上市公司环境信息披露指引> 的通知》。 3、本报告经公司2025年4月24日召开的第十一届董事会第十次会 议审议通过。本公司未聘请第三方对本公司本年度社会责任报告进行 验证。 4、本公司董事会及全体董事保证本报告内容不存在任何虚假记载、 误导性陈述或重大遗漏，并对其内容的真实性、准确性和完整性承担 个别及连带责任。 1 天宸股份 2024 年度社会责任报告 股票代码：600620 上海市天宸股份有限公司 2024 年度社会责任报告 2024年，公司本着服务于社会的原则，切实履行社会责任，实施 企业风险管理，坚持以建立创新绩效型、资源节约型、环境友好型、 社会责任型企业为目标，关注投资 ...