China Everbright Jiabao Co., Ltd. 2025 Semi-Annual Performance Forecast [Current Period Performance Forecast](index=1&type=section&id=Item%201.%20Current%20Period%20Performance%20Forecast) The company forecasts a net loss for H1 2025, with attributable net profit between **-350 million and -400 million CNY**, representing an expanded loss 2025 H1 Performance Forecast vs. 2024 H1 | Indicator | 2025 H1 Forecast | 2024 H1 | | :--- | :--- | :--- | | Net Profit Attributable to Shareholders (CNY 10,000) | -35,000.00 to -40,000.00 | -32,758.79 | | Net Profit Attributable to Shareholders After Non-recurring Items (CNY 10,000) | -37,300.00 to -42,300.00 | -32,297.83 | - This performance forecast applies to situations where net profit is negative, and the data represents preliminary estimates by the company's finance department, unaudited by an accounting firm[4](index=4&type=chunk)[5](index=5&type=chunk) [Operating Performance and Financial Status for the Same Period Last Year](index=2&type=section&id=Item%202.%20Operating%20Performance%20and%20Financial%20Status%20for%20the%20Same%20Period%20Last%20Year) The company disclosed restated 2024 H1 financial data, reporting a net loss attributable to shareholders of **-327.59 million CNY** and EPS of **-0.22 CNY** 2024 Same Period Financial Data | Indicator (2024 Same Period) | Amount | | :--- | :--- | | Total Profit (CNY 10,000) | -24,912.05 | | Net Profit Attributable to Owners of the Parent Company (CNY 10,000) | -32,758.79 | | Net Profit Attributable to Owners of the Parent Company After Non-recurring Items (CNY 10,000) | -32,297.83 | | Earnings Per Share (CNY) | -0.22 | - The company notes that prior period data has been restated due to retrospective adjustments[7](index=7&type=chunk) [Primary Reasons for Current Period's Expected Loss](index=2&type=section&id=Item%203.%20Primary%20Reasons%20for%20Current%20Period%27s%20Expected%20Loss) The 2025 H1 loss is attributed to consolidated fund projects' financial losses and real estate investment projects' equity method losses - Consolidated fund projects incurred financial losses due to the inclusion of finance costs and depreciation[8](index=8&type=chunk) - Certain real estate investment projects are still in their incubation phase, resulting in recognized investment losses accounted for under the equity method[8](index=8&type=chunk) [Risk Warning](index=2&type=section&id=Item%204.%20Risk%20Warning) This preliminary, unaudited performance forecast is subject to the final 2025 semi-annual report, advising investors to note investment risks - This performance forecast represents preliminary calculations by the company's finance department based on its professional judgment and has not yet been audited by a certified public accountant[9](index=9&type=chunk) - The final accurate financial data will be based on the company's officially disclosed 2025 semi-annual report, and investors are advised to be aware of investment risks[10](index=10&type=chunk)

光大嘉宝（600622）公告，预计2025年半年度实现归属于母公司所有者的净利润-3.5亿元到-4亿元，上 年同期为-3.28亿元；预计2025年半年度实现归属于母公司所有者的扣除非经常性损益后的净利润-3.73 亿元到-4.23亿元。 ...

New Stock Issuance - Shanda Electric (Stock Code: 301609) issued at a price of 14.66[1] - Jiyuan Group (Stock Code: 732262) issued at a price of 10.88[1] Market Alerts - Jichuan Pharmaceutical (Stock Code: 600566) has a tender offer period from June 18, 2025, to July 17, 2025[1] - The last trading day for Tuisan Jinguang (Stock Code: 600190) is July 14, 2025, with 4 trading days remaining[1] - The last trading day for Tuisan Jinjing (Stock Code: 900952) is also July 14, 2025, with 4 trading days remaining[1] Abnormal Fluctuations - *ST Zitian (Stock Code: 300280) reported severe abnormal fluctuations on July 10, 2025[1] - *ST Yushun (Stock Code: 002289) reported abnormal fluctuations on July 11, 2025[1] Other Notable Announcements - Longyuan Green Energy (Stock Code: 603185) announced on July 11, 2025[1] - Kedi Pharmaceutical (Stock Code: 000590) announced on July 14, 2025[1]

Core Viewpoint - The real estate stocks are experiencing a significant decline, with specific companies facing substantial losses in their stock prices [1] Group 1: Company Performance - Chongqing Development and Everbright Jiabao both hit the daily limit down, indicating a severe drop in investor confidence [1] - Tianbao Infrastructure, New Huangpu, and Nanshan Holdings saw declines exceeding 5%, reflecting broader market weakness in the real estate sector [1] - Other companies such as Xinda Real Estate, Guangming Real Estate, Jindi Group, and Financial Street also experienced declines, contributing to the overall downturn in the industry [1]

Group 1 - The real estate sector has experienced a short-term decline, with specific companies like Yucheng Development (000514) dropping over 7% [1] - Other companies in the sector, including Everbright Jiabao (600622), Tianbao Infrastructure (000965), Shoukai Co., Ltd. (600376), and Rong'an Real Estate (000517), also saw declines [1]

Core Viewpoint - The stock of Everbright Jiabao Co., Ltd. experienced an abnormal trading fluctuation, with a cumulative closing price increase exceeding 20% over three consecutive trading days from July 9 to July 11, 2025, which is classified as an abnormal trading situation according to the Shanghai Stock Exchange rules [1][4][6]. Financial Performance - For the fiscal year 2024, the company reported a revenue of CNY 1,817,734,805.35, a decrease of 58.59% compared to the previous year. The net profit attributable to shareholders was -CNY 1,394,338,884.70, and the net profit after deducting non-recurring gains and losses was -CNY 1,511,103,796.23 [2][6]. - In the first quarter of 2025, the company achieved a revenue of CNY 310,713,649.40, down 9.05% year-on-year, with a net profit of -CNY 118,220,254.22 and a net profit after deducting non-recurring gains and losses of -CNY 124,695,272.81 [2][6]. Shareholder Actions - The company disclosed a share reduction plan by its major shareholders, Shanghai Jiading Jianye Investment Development Co., Ltd. and its concerted party, Shanghai Jiading Technology Investment (Group) Co., Ltd., intending to reduce their holdings by up to 14,996,854 shares, not exceeding 1% of the total share capital, within three months after the announcement [3][6]. Market Position - As of July 11, 2025, the company's price-to-book ratio was 1.62, which is higher than the industry average of 0.82 for the "K70 Real Estate" sector [2][5][6]. Operational Status - The company confirmed that its production and operational order remains normal, with no significant changes in the internal and external operating environment [4][5].

●光大嘉宝股份有限公司（以下简称"公司"）股票交易于2025年7月9日至7 月11日连续3个交易日内收盘价格涨幅偏离值累计超过20%，根据《上海证券交易 所交易规则》的有关规定，属于股票交易异常波动情形。 | 证券代码：600622 | 股票简称：光大嘉宝 | | 编号：临 2025-049 | | --- | --- | --- | --- | | 债券代码：137796 | 债券简称：22 | 嘉宝 01 | | 光大嘉宝股份有限公司 股票交易异常波动公告 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： ●公司已于2025年4月30日披露《2024年年度报告》《2025年第一季度报告》， 公司2024年度实现营业收入1,817,734,805.35元，与上年同期相比减少58.59%， 归属于上市公司股东的净利润-1,394,338,884.70元，归属于上市公司股东的扣除 非经常性损益的净利润-1,511,103,796.23元（上述年度数据已经审计）。公司2025 年1-3月实现营业收入310,713,6 ...

金十数据7月11日讯，光大嘉宝公告，公司股票交易连续3个交易日内收盘价格涨幅偏离值累计超过 20%，属于股票交易异常波动情形。公司已披露的2024年年度报告显示，营业收入减少58.59%，净利润 亏损。此外，公司持股5%以上股东嘉定建业及其一致行动人嘉定科投计划减持不超过1%的股份。经核 实，公司不存在其他重大信息或影响股价的重大事件。 光大嘉宝：公司目前经营正常 无应披露而未披露的重大信息 ...

Group 1 - The Ministry of Housing and Urban-Rural Development emphasizes the importance of promoting a stable, healthy, and high-quality development of the real estate market, urging local governments to take responsibility and implement precise policies tailored to individual cities [1] - There has been a noticeable acceleration in debt restructuring among real estate companies, with significant breakthroughs achieved recently, leading to a collective rise in real estate stocks in both A-shares and Hong Kong stocks [1] - As of July 10, the A-share real estate sector saw stocks like China Fortune Land Development and Greenland Holdings hit the daily limit, while in Hong Kong, Longfor Group's stock surged over 80% during the day [1] Group 2 - The construction materials sector experienced a significant rise, attributed to improved macroeconomic expectations and anticipated policy support for urban renewal, alongside a favorable performance in the building materials industry's fundamentals [2] - The inventory of rebar continues to decline despite the seasonal demand lull, indicating a better-than-expected performance in the building materials sector [2] - As of July 10, the total inventory of glass production enterprises in key monitored provinces decreased by 1.66%, with a consumption rate exceeding production, indicating a positive trend in the glass market [3] Group 3 - The market anticipates continued policy support and potential production restrictions in northern factories, suggesting that black series futures and glass prices may continue to rebound until mid-August [4] - Post the rainy season, demand for glass is expected to improve, stabilizing market sentiment and potentially resonating with the industry's "anti-involution" trend [4]

Real Estate - The recent surge in the real estate market is primarily driven by policy support and upcoming central urban work meetings focusing on urban renewal and potential shantytown redevelopment [1] - Bloomberg reported that the market is betting on China restarting the shantytown renovation support plan from 2015, which may include accelerating new housing construction and providing monetary compensation to families [1] - The State Council aims to stabilize the real estate market and better meet public expectations for quality housing through new development models [1] Banking Sector - Global bank indices have reached new highs, with increases of 52% for global banks, 49% for U.S. banks, and 65% for European banks since the beginning of 2024 [4] - The A-share market saw a collective rise in major indices, with the Shanghai Composite Index recovering above 3500 points, indicating strong performance in the banking sector [5][6] - The banking sector is viewed as a stable investment, with major banks hitting historical highs [5] Market Dynamics - The real estate and housing inspection sectors experienced significant gains, with multiple stocks reaching their daily limit [6] - The silicon wafer manufacturers raised their prices, contributing to sustained gains in the silicon energy sector [6] - The rare earth permanent magnet sector showed positive performance, with North Rare Earth's net profit expected to grow by 1883% to 2015% year-on-year in the first half of the year [6][10] Chip Industry - Nvidia plans to launch a new AI chip designed for the Chinese market, which will comply with U.S. export restrictions by removing advanced technology components [9] - Despite the new chip's performance being inferior to local competitors, Chinese customers are still interested due to the high operational costs of switching platforms [10] - The demand for the new chip is expected to be lower than its predecessor, which faced significant restrictions earlier this year [10] Investment Trends - The non-bank financial sector saw the largest net inflow of capital, indicating strong investor interest [11] - The real estate and banking sectors are currently attracting significant investment, while sectors like electronics and automotive are experiencing net outflows [11] - The overall market sentiment is reflected in the performance of various sectors, with real estate, oil and gas, and steel leading the gains, while defense, electronics, and automotive sectors lag behind [19]