上海城投控股股份有限公司 2024 年年度报告 公司代码：600649 公司简称：城投控股 上海城投控股股份有限公司 2024 年年度报告 1 / 232 上海城投控股股份有限公司 2024 年年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实性、准确性、 完整性，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。 二、 公司全体董事出席董事会会议。 三、 天职国际会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 四、 公司负责人张辰、主管会计工作负责人任志坚、财务总监吴春及会计机构负责人（会计主管 人员）伍捷声明：保证年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 经审计，城投控股母公司 2024 年度实现净利润-49,293,004.91 元，加上年初未分配利润 8,189,505,562.20 元，扣除 2023 年度现金与股票红利分配 150,270,046.08 元，2024 年度可分配 利润合计为 7,989,942,511.21 元。 2024年度利润分配预案为 ...

证券代码：600649 证券简称：城投控股 公告编号：2025-006 上海城投控股股份有限公司 第十一届董事会第二十次会议决议公告 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。 （二）董事会以 9 票同意、0 票反对、0 票弃权审议通 过了《关于计提资产减值准备的议案》 董事会同意公司 2024 年度计提资产减值准备 1,936.42 1 重要内容提示： 本次董事会所有议案均获通过。 一、董事会会议召开情况 上海城投控股股份有限公司（以下简称"公司"）董事会 于 2025 年 3 月 17 日以书面方式向各位董事发出了召开第十 一届董事会第二十次会议的通知。会议于 2025 年 3 月 27 日 上午 10 时 30 分在上海市虹口区吴淞路 130 号 21 楼会议室 以现场方式召开。本次会议应出席董事 9 人，现场出席董事 9 人。本次会议的召开符合有关法律法规和《公司章程》的 规定。 二、董事会会议审议情况 （一）董事会以 9 票同意、0 票反对、0 票弃权审议通 过了《公司 2024 年度董事会工作报告》 万元，本次 ...

证券代码：600649 证券简称：城投控股 公告编号：2025-009 上海城投控股股份有限公司 2024 年度利润分配预案公告 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： 利润分配比例：每10股派发现金股利0.40元（含税）。 本次利润分配拟以实施权益分派股权登记日总股本扣减当日 公司回购专用证券账户中的股份数为基数，具体日期将在权益分派实 施公告中明确。 在实施权益分派的股权登记日前公司总股本发生变动的，拟维 持每股分配金额不变，相应调整分配总额，并将在相关公告中披露。 本次利润分配预案不触及《上海证券交易所股票上市规则》中 规定的可能被实施其他风险警示的情形。 一、2024 年度利润分配预案内容 （一）利润分配预案的具体内容 截至 2024 年 12 月 31 日，上海城投控股股份有限公司 （以下简称"公司"）母公司财务报表中未分配利润为 7,989,942,511.21 元。经董事会决议，公司 2024 年年度利 润分配预案如下： 公司拟以实施权益分派股权登记日总股本扣减公司回 购专用证券账户中的股 ...

证券代码：600649 证券简称：城投控股 公告编号：2025-014 上海城投控股股份有限公司 关于将已回购股份用途变更为注销并减少 注册资本的公告 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、准确性和完整性承担法律责任。 上海城投控股股份有限公司（以下简称"公司"）于 2025 年 3 月 27 日召开第十一届董事会第二十次会议，审议通过 了《关于将已回购股份用途变更为注销并减少注册资本的议 案》。公司拟将股份回购专用证券账户中的 25,074,866 股回 购股份的用途进行变更，由"出售"变更为"用于注销并减 少注册资本"，具体内容如下： 一、回购股份基本情况 公司于 2022 年 9 月 23 日召开第十届董事会第二十六次 会议，审议通过了《关于以集中竞价交易方式回购公司股份 方案的议案》，并于 2022 年 9 月 29 日披露了公司《关于以 集中竞价交易方式回购股份的回购报告书》，具体内容详见 公司临时公告（公告编号：2022-033）。 2 1 截至目前，公司暂未使用该次回购的股份，前述已回购 的股份 25,074,866 股存放于公司回 ...

证券代码：600649 证券简称：城投控股 公告编号：2025-010 上海城投控股股份有限公司 关于公司 2025 年度直接融资计划的公告 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、准确性和完整性承担法律责任。 为满足公司生产经营、项目建设、未来投资发展及还本 付息等需求，上海城投控股股份有限公司（以下简称"公司"） 及所属子公司拟通过发行债券、中期票据等多种渠道进行直 接融资。具体内容如下： 一、融资方式 包括但不限于信托融资、售后回租业务、发行公司债券、 企业债券、中期票据、北京金融资产交易所债权融资计划、 非金融企业债务融资工具、保险资金债权投资计划、资产证 券化（包括但不限于 CMBS、REITs、类 REITs、ABS 等）及其 他私募金融工具等方式。 二、融资额度 根据公司经营情况及未来投资发展需要，预计新增发行 总规模不超过 240 亿元。 三、担保方式 若融资方案涉及担保，主要提供以下方式： 1.由公司及所属控股子公司实物资产和股权资产提供 抵押担保； 1 2.由公司或全资子公司置地集团为所属控股子公司提 供信用担保； 3.法律、法 ...

一、主要会计数据和财务指标 前十大流通股东累计持有： 145976.8万股，累计占流通股比： 57.7%，较上期变化： -1568.96万股。 | 名称 持有数量(万股) | | 占总股本比例 (%) | 增减情况(万 股) | | --- | --- | --- | --- | | 上海城投(集团)有限公司 | 117531.86 | 46.46 | 不变 | | 弘毅(上海)股权投资基金中心(有限合伙) | 15035.29 | 5.94 | -1026.19 | | 全国社保基金六零二组合 | 3772.46 | 1.49 | 新进 | | 香港中央结算有限公司 | 2483.97 | 0.98 | 1108.77 | | 张国情 | 1521.12 | 0.60 | 189.07 | | 全国社保基金一一六组合 | 1406.83 | 0.56 | 新进 | | 海富通价值精选股票型养老金产品-中国民生银行股份 有限公司 | 1157.74 | 0.46 | 新进 | | 南方中证1000ETF | 1045.03 | 0.41 | -338.85 | | 华安景气领航混合A | 1020.91 | ...

Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [1]. Core Views - The company is backed by Shanghai Urban Investment Group and has a strong foundation in Shanghai, with ample land reserves for urban renewal projects, which is expected to enhance its profitability [5]. - The company anticipates significant growth in net profit from 2024 to 2026, with projected figures of 720 million, 1.842 billion, and 2.077 billion yuan respectively, alongside an increase in earnings per share (EPS) [5]. Summary by Sections 1. Company Overview - Shanghai Urban Investment Holdings Co., Ltd. focuses on real estate development, operation, and finance, with a diversified product system including residential, affordable housing, rental housing, and commercial properties [16]. - The company has a history of over 30 years in the Shanghai real estate market, accumulating extensive project development experience [16]. 2. Development Business - The company achieved a record high in signed sales amounting to 17.53 billion yuan in 2024, a 113% increase year-on-year, driven by successful project launches [34]. - The average sales price exceeded 150,000 yuan per square meter, reflecting strong demand in key areas of Shanghai [34]. - The company has a robust pipeline with expected revenue from unsold properties projected to exceed 15 billion yuan in 2025 [49]. 3. Asset Management and Investment - The company’s asset management business includes office, commercial, and rental housing, with a total rental area of 325,700 square meters as of the end of 2024, showing a 5% year-on-year increase [7]. - The company successfully launched the largest public REIT for affordable housing in the Yangtze River Delta region, raising 3.05 billion yuan [59]. - Investment operations are stable, with a market value of listed securities held by the company reaching approximately 3.818 billion yuan as of mid-2024 [61]. 4. Financial Health - As of the first half of 2024, the company reported interest-bearing liabilities of 40.53 billion yuan, a decrease of 3.6% year-on-year, indicating improved debt structure [63]. - The company’s cash on hand reached 9.09 billion yuan, a 101% increase year-on-year, supporting future project developments [70]. - The average financing cost has decreased to 4.05% as of mid-2024, reflecting favorable market conditions for financing [64].

Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [5]. Core Views - The company is backed by Shanghai Urban Investment Group and has a strong foundation in Shanghai, with ample land reserves for urban renewal projects. The report anticipates significant profit growth driven by its experience in affordable housing operations and clear investment exit strategies [5][6]. Summary by Sections 1. Company Overview - Shanghai Urban Investment Holdings Co., Ltd. focuses on real estate development, operations, and finance, leveraging over 30 years of experience in the Shanghai real estate market [16][17]. 2. Sales Performance - The company achieved a record sales amount of 175.3 billion yuan in 2024, a 113% year-on-year increase, with an average selling price exceeding 150,000 yuan per square meter [6][34]. - The company has a robust pipeline with significant projects in Huangpu, Changning, and Yangpu districts, contributing to its sales growth [34][38]. 3. Financial Performance - The company expects net profits of 720 million yuan, 1.84 billion yuan, and 2.08 billion yuan for 2024, 2025, and 2026, respectively, with earnings per share (EPS) projected at 0.28, 0.73, and 0.82 yuan [5][9]. - The company reported a total revenue of 8.4 billion yuan in 2022, which is expected to rise to 15.99 billion yuan in 2025 [9]. 4. Asset Management and Investment - The company has a total leased area of 325,700 square meters, with rental income of 298 million yuan, reflecting a 1% year-on-year increase [7][54]. - The company successfully launched the largest public REIT for affordable housing in the Yangtze River Delta, raising 3.05 billion yuan [59][60]. 5. Debt and Cash Flow - As of the first half of 2024, the company had interest-bearing liabilities of 40.53 billion yuan, a 3.6% decrease year-on-year, with an asset-liability ratio of 73.7% [63][64]. - The company reported cash on hand of 9.09 billion yuan, a 101% increase year-on-year, and a net operating cash flow of 5.77 billion yuan [69][70]. 6. Future Outlook - The company anticipates a significant increase in revenue from project completions, with expected turnover exceeding 15 billion yuan in 2025 [49][51]. - The company is actively expanding its land reserves through urban renewal projects, with planned investments exceeding 18.3 billion yuan [50][53].

Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [5]. Core Views - The company is backed by Shanghai Urban Investment Group and has a strong foundation in Shanghai, with ample land reserves for urban renewal projects, which are expected to enhance its profitability [5]. - The projected net profits for the company from 2024 to 2026 are estimated to be 720 million, 1.842 billion, and 2.077 billion yuan respectively, with corresponding EPS of 0.28, 0.73, and 0.82 yuan [5]. Summary by Sections 1. Company Overview - Shanghai Urban Investment Holdings Co., Ltd. focuses on real estate development, operation, and finance, with a diversified product system including commercial and residential properties [16]. - The company has been operating in the Shanghai real estate market for over 30 years, accumulating significant development experience [16]. 2. Development Business - The company achieved a record high in signed sales amounting to 17.53 billion yuan in 2024, a year-on-year increase of 113%, with an average selling price exceeding 150,000 yuan per square meter [34]. - New land acquisitions in 2024 totaled nearly 10 billion yuan, enhancing the company's land reserve for future projects [46]. 3. Asset Management and Investment - The company’s asset management business includes office, commercial, and rental housing, with a total rental area of 325,700 square meters as of the end of 2024, reflecting a 5% year-on-year increase [53]. - The company successfully issued the largest public REIT for affordable rental housing in the Yangtze River Delta region, raising 3.05 billion yuan [59]. 4. Financial Health - As of the first half of 2024, the company had interest-bearing liabilities of 40.53 billion yuan, a decrease of 3.6% year-on-year, with an asset-liability ratio of 73.7% [63]. - The company reported cash on hand of 9.09 billion yuan as of the third quarter of 2024, a 101% increase year-on-year, indicating strong cash flow [70].

证券代码：600649 证券简称：城投控股 公告编号：2025-005 上海城投控股股份有限公司 第十一届董事会第十九次会议决议公告 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： 董事会同意公司全资子公司上海城投置地（集团）有限 公司收购上海丰芙企业管理有限公司持有的上海东荣房地 产开发有限公司（以下简称"东荣房地产"）13%股权，价格 1 为 23,868 万元。东荣房地产负责开发建设杨浦区新江湾城 F 区 F1-E 地块商办项目。 特此公告。 上海城投控股股份有限公司董事会 2025 年 3 月 18 日 2 本次董事会所有议案均获通过。 一、董事会会议召开情况 上海城投控股股份有限公司（以下简称"公司"）董事会 于 2025 年 3 月 7 日以书面方式向各位董事发出了召开第十 一届董事会第十九次会议的通知。会议于 2025 年 3 月 14 日 以通讯表决方式召开。本次会议应出席董事 9 人，实际出席 董事 9 人。本次会议的召开符合有关法律法规和《公司章程》 的规定。 二、董事会会议审议情况 董事会 ...