一、同意公司向专业投资者公开发行面值总额不超过23亿元公司债券的注册申请。二、本次发行公司债 券应严格按照报送上海证券交易所的募集说明书进行。三、本批复自同意注册之日起24个月内有效，公 司在注册有效期内可以分期发行公司债券。 格隆汇11月24日丨浦东金桥(600639.SH)公布，近日，公司收到中国证券监督管理委员会出具的《关于 同意上海金桥出口加工区开发股份有限公司向专业投资者公开发行公司债券注册的批复》(证监许可 [2025]2575号)。该批复主要内容如下： ...

证券代码：600639、900911 证券简称：浦东金桥、金桥 B 股 公告编号：临 2025-023 公司将按照有关规定以及该批复的要求，在规定的有效期内，办理本次公司 债券发行的相关事宜，并及时履行信息披露义务。 近日，上海金桥出口加工区开发股份有限公司（以下简称公司）收到中国证 券监督管理委员会出具的《关于同意上海金桥出口加工区开发股份有限公司向专 业投资者公开发行公司债券注册的批复》（证监许可［2025］2575 号）。该批复 主要内容如下： 一、同意公司向专业投资者公开发行面值总额不超过 23 亿元公司债券的注 册申请。 二、本次发行公司债券应严格按照报送上海证券交易所的募集说明书进行。 三、本批复自同意注册之日起 24 个月内有效，公司在注册有效期内可以分 期发行公司债券。 四、自同意注册之日起至本次公司债券发行结束前，公司如发生重大事项， 应及时报告并按有关规定处理。 上海金桥出口加工区开发股份有限公司 关于收到中国证券监督管理委员会 同意公司向专业投资者公开发行公司债券注册批复的公告 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 ...

浦东金桥(600639.SH)发布公告，近日，公司收到中国证券监督管理委员会出具的《关于同意上海金桥 出口加工区开发股份有限公司向专业投资者公开发行公司债券注册的批复》(证监许可[2025]2575号)， 同意公司向专业投资者公开发行面值总额不超过23亿元公司债券的注册申请。 ...

一、同意公司向专业投资者公开发行面值总额不超过23亿元公司债券的注册申请。二、本次发行公司债 券应严格按照报送上海证券交易所的募集说明书进行。三、本批复自同意注册之日起24个月内有效，公 司在注册有效期内可以分期发行公司债券。 格隆汇11月24日丨浦东金桥(600639.SH)公布，近日，公司收到中国证券监督管理委员会出具的《关于 同意上海金桥出口加工区开发股份有限公司向专业投资者公开发行公司债券注册的批复》(证监许可 [2025]2575号)。该批复主要内容如下： ...

Investment Rating - The investment rating for the real estate industry is "Positive" (maintained) [3] Core Views - The real estate sector is a crucial asset allocation and investment direction for Chinese households, with stable housing prices being significant for facilitating economic circulation. The 20th Central Committee's Fourth Plenary Session emphasized promoting high-quality development in real estate, indicating potential policy support [4][48] - There is an anticipated wave of development for high-quality housing due to policy guidance and changes in supply-demand structure, with a focus on core cities and strong land acquisition capabilities [4][48] Market Performance - The Shanghai Composite Index rose by 0.1%, the Shenzhen Component Index rose by 0.7%, and the ChiNext Index rose by 0.5%. The real estate sector (Shenwan) fell by 0.7% during the week [4][7] - In the new housing market, 42 key cities recorded a total transaction of 2.43 million square meters, a week-on-week increase of 4.8%, but a year-on-year decrease of 41.1% [14][18] - For the month of October, new housing transactions in 42 key cities totaled 8.43 million square meters, a year-on-year decrease of 34.6% [18][19] Data Tracking New Housing Transactions - In the week of October 25-31, new housing transactions in 42 key cities totaled 2.43 million square meters, with a year-on-year decrease of 41.1% [14] - For October, new housing transactions totaled 8.43 million square meters, a year-on-year decrease of 34.6% [18] Second-Hand Housing Transactions - In the week of October 25-31, second-hand housing transactions in 21 key cities totaled 2.05 million square meters, a year-on-year decrease of 23.6% [30] - For October, second-hand housing transactions totaled 7.32 million square meters, a year-on-year decrease of 21.2% [33] Industry News - The Ministry of Housing and Urban-Rural Development is promoting a system of selling existing homes to mitigate delivery risks. Additionally, five departments issued a plan to support qualified commercial real estate projects in issuing Real Estate Investment Trusts (REITs) [45] - Guangzhou has released guidelines for constructing quality housing, emphasizing green construction and energy-efficient appliances [45] - Policy adjustments in housing provident funds have been made, including increasing the maximum ratio of monthly repayments to family income from 55% to 60% in Hainan [45] Company Announcements - In Q3 2025, several companies reported their net profits, with notable figures including China Vanke at -16.07 billion yuan (a year-on-year decrease of 98.6%) and China Merchants Shekou at 1.05 billion yuan (a year-on-year decrease of 11.4%) [48][50] - Financing activities include a loan agreement where Shenzhen Metro Group will provide up to 22 billion yuan to China Vanke [48][50]

Core Viewpoint - The stock of Pudong Jinqiao has experienced a decline of 3.14% on November 5, with a current price of 11.10 CNY per share and a market capitalization of 12.459 billion CNY, indicating a mixed performance in recent trading periods [1]. Company Overview - Pudong Jinqiao is primarily engaged in the development, operation, and management of the Shanghai Jinqiao Industrial Park and the Biyun International Community, focusing on various real estate projects including industrial, office, research, residential, and commercial properties [1]. - The company's revenue composition includes 87.58% from real estate leasing, 7.30% from hotel apartments, 4.35% from real estate sales, 0.50% from property management, and 0.27% from other sources [1]. Financial Performance - For the period from January to September 2025, Pudong Jinqiao reported a revenue of 1.415 billion CNY, a year-on-year decrease of 30.46%, and a net profit attributable to shareholders of 338 million CNY, down 13.36% year-on-year [2]. - The company has distributed a total of 5.393 billion CNY in dividends since its A-share listing, with 1.556 billion CNY distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders for Pudong Jinqiao was 60,500, a decrease of 4.97% from the previous period [2]. - The largest circulating shareholder is Hong Kong Central Clearing Limited, holding 5.929 million shares, while the Southern CSI Real Estate ETF has reduced its holdings by 82,600 shares to 4.2584 million shares [3].

证券代码：600639、900911 证券简称：浦东金桥、金桥 B 股 公告编号：临 2025-022 上海金桥出口加工区开发股份有限公司 2025 年第三季度主要经营数据公告 二、2025 年 7–9 月，公司房地产项目的开工、竣工情况： 2025 年 9 月，公司的 53-04 地块通用厂房新建项目开工，总建筑面积合计 30990.98 ㎡。 2025 年 9 月，公司实质上的全资子公司上海耘周置业有限公司的周浦镇 08 单元 16-02 地块住宅项目取得《建筑工程综合竣工验收合格通知书》，总建筑面 积合计 154183 ㎡。本项目入市推广名称为碧云澧悦项目。 三、2025 年 7–9 月，公司主营业务收入合计 452,772,111.04 元（同比减少 21.52%），其中销售收入 1,656,618.62 元（同比减少 97.56%），租赁收入 410,033,781.86 元（同比减少 7.87%），酒店公寓收入 38,257,599.60 元（同比减少 28.46%），物业管理服务收入 2,824,110.96 元（同比减少 72.94%）。销售收入同比 减少，主要因为上年同期与本期所结转项目的差 ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥453,269,076.37, a decrease of 22.00% compared to the same period last year[3] - The total profit for the period reached ¥211,778,999.58, reflecting a significant increase of 154.41% year-on-year[3] - The net profit attributable to shareholders was ¥163,099,251.55, up by 159.29% compared to the previous year[3] - The basic earnings per share for the period was ¥0.1465, representing an increase of 161.42% year-on-year[4] - Total operating revenue for the first three quarters of 2025 was ¥1,414,509,569.42, a decrease of 30.4% compared to ¥2,033,998,649.61 in the same period of 2024[17] - Net profit for the first three quarters of 2025 was ¥309,787,789.82, down 18.0% from ¥377,710,546.70 in 2024[18] - Basic earnings per share decreased to ¥0.3034 from ¥0.3480, reflecting a decline of 12.8%[19] - Total comprehensive income for the first three quarters of 2025 was CNY 180.42 million, up 50% from CNY 120.48 million in 2024[28] Cash Flow - The net cash flow from operating activities for the year-to-date was reported as -¥911,843,840.75, indicating a significant cash outflow[3] - Cash flow from operating activities showed a net outflow of ¥911,843,840.75, compared to a smaller outflow of ¥123,349,027.46 in the previous year[21] - Cash inflow from operating activities totaled ¥4,446,451,963.96, an increase from ¥4,103,972,930.38 in 2024[21] - The net cash flow from investment activities was 829,514,731.82 CNY, a significant improvement compared to a negative cash flow of -907,976,063.95 CNY in the previous period[22] - Cash flow from operating activities showed a net outflow of CNY 332.71 million in 2025, compared to a net inflow of CNY 162.94 million in 2024[29] - Cash flow from investing activities resulted in a net outflow of CNY 54.21 million in 2025, an improvement from a net outflow of CNY 152.38 million in 2024[30] - Cash flow from financing activities recorded a net outflow of CNY 722.66 million in 2025, contrasting with a net inflow of CNY 1.52 billion in 2024[30] Assets and Liabilities - The total assets at the end of the period amounted to ¥50,088,260,024.90, an increase of 2.99% from the end of the previous year[4] - The company's total liabilities increased to RMB 31,366,080,179.04 from RMB 29,843,934,264.54, representing a rise of about 5.1%[15] - The total equity attributable to shareholders decreased slightly to RMB 14,484,336,069.58 from RMB 14,523,957,029.60, indicating a decline of approximately 0.3%[15] - The company's cash and cash equivalents decreased to RMB 3,864,686,945.57 from RMB 4,823,430,152.53, a decline of about 19.9%[13] - The company's inventory increased to RMB 25,150,844,570.83 from RMB 22,819,408,024.68, marking a growth of approximately 10.3%[13] - The company's total current liabilities increased to RMB 18,738,051,824.13 from RMB 15,626,182,751.05, representing a growth of about 19.5%[15] - The total liabilities decreased to 13,892,175,419.31 CNY from 14,249,370,000.89 CNY, reflecting a reduction in financial obligations[25] - The company's total equity decreased to 11,774,286,738.84 CNY from 12,048,794,764.78 CNY, indicating a decline in shareholder value[25] Shareholder Information - The top shareholder, Shanghai Jinqiao (Group) Co., Ltd., holds 49.37% of the shares, indicating strong ownership concentration[10] Government Support - The company received government subsidies amounting to ¥8,508,504.91 during the period, contributing to its financial performance[6] Cost Management - The company maintained a focus on cost management, with sales expenses decreasing to ¥29,677,997.19 from ¥34,871,617.53[17] - Total operating costs decreased to ¥1,051,584,603.64 from ¥1,576,032,499.10, representing a reduction of 33.2%[17] Other Comprehensive Income - Other comprehensive income after tax increased to ¥76,914,000.75 from ¥43,860,850.68, marking a rise of 75.4%[18] - The company reported a significant increase in other comprehensive income, totaling CNY 76.91 million in 2025, compared to CNY 43.86 million in 2024[28]

Group 1 - The company Pudong Jinqiao (SH 600639) announced a recent management adjustment, with Mr. Li Jianfang no longer serving as the Chief Financial Officer [1] - For the first half of 2025, the revenue composition of Pudong Jinqiao is as follows: 87.58% from real estate leasing, 7.3% from hotel apartment services, 4.35% from real estate sales, 0.5% from property management, and 0.27% from other businesses [1] - As of the report date, Pudong Jinqiao has a market capitalization of 12.4 billion yuan [1]

Core Viewpoint - Pudong Jinqiao (600639) announced a recent adjustment in its operations, stating that Mr. Li Jianfang will no longer serve as the company's financial director [1] Company Summary - The company has made a significant change in its management structure by replacing its financial director [1]