证券代码：600657 证券简称：信达地产 编号：临 2025-034 号 关于计提资产减值准备的公告 重 要 提 示 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。 信达地产股份有限公司（以下简称"公司"或"本公司"）根据《企 业会计准则》及公司会计政策、会计估计等相关规定，基于谨慎性原 则，对截至 2025 年 6 月 30 日的存货、应收款项等资产出现的减值迹 象进行全面的清查和分析，计提相应资产减值准备共计 27.41 亿元。 具体情况公告如下： 一、计提资产减值准备的原因 加，处于第一阶段，按照相当于未来 12 个月内预期信用损失的金额 计量损失准备，并按照账面余额和实际利率计算利息收入；如果信用 风险自初始确认后已显著增加但尚未发生信用减值的，处于第二阶段， 按照相当于整个存续期内预期信用损失的金额计量损失准备，并按照 账面余额和实际利率计算利息收入；如果初始确认后发生信用减值的， 处于第三阶段，按照相当于整个存续期内预期信用损失的金额计量损 失准备，并按照摊余成本和实际利率计算利息收入。对于资产负债表 日只具有较 ...

Core Viewpoint - Multiple listed companies in the Shanghai and Shenzhen markets have announced significant changes in their financial forecasts and strategic decisions, indicating varied performance across different sectors in the first half of 2025 [1][3]. Company Announcements - Zhonghua Equipment plans to acquire 100% stakes in Yiyang Rubber and Plastic Machinery Group and Beihua Machinery, with stock suspension starting July 15, 2025, for up to 10 trading days [3]. - Jiugui Liquor expects a net profit decline of 90.08% to 93.39% in the first half of 2025, with projected revenue around 560 million yuan, a decrease of approximately 43% year-on-year [5]. - Suli Co. anticipates a net profit increase of 1008.39% to 1223.91%, with expected profits between 72 million and 86 million yuan, driven by improved market conditions [6]. - Te Yi Pharmaceutical forecasts a net profit growth of 1164.22% to 1312.95%, with profits expected between 34 million and 38 million yuan, supported by strong sales of its core product [7]. - Huahong Technology predicts a net profit increase of 3047.48% to 3721.94%, with expected profits between 70 million and 85 million yuan, benefiting from rising rare earth product prices [8]. - Huaxia Airlines expects a net profit increase of 741.26% to 1008.93%, with profits projected between 220 million and 290 million yuan, due to improved demand for air travel [9]. - Xianfeng Holdings anticipates a net profit increase of 524.58% to 671.53%, with expected profits between 34 million and 42 million yuan, largely due to non-recurring gains [10]. - Xinyisheng expects a net profit increase of 327.68% to 385.47%, with profits projected between 370 million and 420 million yuan, driven by growth in AI-related investments [12]. - Hengsheng Electronics forecasts a net profit increase of approximately 740.95%, with expected profits around 251 million yuan, aided by significant non-recurring gains [13]. - CICC anticipates a net profit increase of 55% to 78%, with expected profits between 3.453 billion and 3.966 billion yuan, driven by growth in investment banking and wealth management [14]. - Xinda Securities expects a net profit increase of 50% to 70%, with profits projected between 921 million and 1.044 billion yuan, supported by improved asset management [15]. - Shanxi Securities forecasts a net profit increase of 58.17% to 70.72%, with expected profits between 504 million and 544 million yuan, driven by growth in wealth management and international business [16]. - Guocheng Mining anticipates a net profit increase of 1046.75% to 1174.69%, with expected profits between 493 million and 548 million yuan, primarily due to non-recurring gains from asset sales [17]. - China Rare Earth expects a net profit of 136 million to 176 million yuan, recovering from a loss of 244 million yuan in the previous year, aided by improved market conditions [18]. - Perfect World anticipates a net profit of 480 million to 520 million yuan, recovering from a loss of 177 million yuan, driven by successful game launches and esports growth [19]. - Huanghe Xuanfeng expects a net loss of 285 million yuan, impacted by intense competition and weak demand in the superhard materials sector [20][21]. - JA Solar forecasts a net loss of 2.5 billion to 3 billion yuan, worsening from a loss of 874 million yuan, due to industry-wide supply-demand imbalances [22]. - Shanxi Black Cat anticipates a net loss of 490 million to 540 million yuan, driven by declining sales and prices of its main products [23]. - Xinda Real Estate expects a net loss of 3.5 billion to 3.9 billion yuan, transitioning from profit to loss due to reduced project deliveries and impairment provisions [24]. Major Contracts - Zhongchen Co. won a project from Southern Power Grid worth 379 million yuan, representing 12.26% of its audited revenue for 2024 [26]. - Gaode Infrared signed a procurement agreement for a complete equipment system worth 879 million yuan, accounting for 32.84% of its 2024 audited revenue, expected to positively impact this year's performance [27].

2025 年半年度业绩预告 重 要 提 示 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。 证券代码：600657 证券简称：信达地产 编号：临 2025-033 号 （一）业绩预告期间 2025 年 1 月 1 日至 2025 年 6 月 30 日。 （二）业绩预告情况 1.经公司财务部门初步测算，预计公司 2025 年半年度实现归属 于母公司所有者的净利润为-39.0 亿元到-35.0 亿元，与上年同期相 比将出现亏损。 重要内容提示： ● 信达地产股份有限公司（以下简称"公司"）预计 2025 年半 年度实现归属于母公司所有者的净利润为-39.0 亿元到-35.0 亿元。 ● 公司预计 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为-38.2 亿元到-34.2 亿元。 一、本期业绩预告情况 ● 业绩预告的具体适用情形：净利润为负值。 2.预计公司 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为-38.2 亿元到-34.2 亿元。 二、上年同期经营业绩和财务状况 （一）利 ...

Core Viewpoint - The company expects to report a net loss attributable to shareholders of the parent company ranging from -3.9 billion to -3.5 billion yuan for the first half of 2025, indicating a decline compared to the same period last year [1] Financial Performance - The anticipated net profit after deducting non-recurring gains and losses is projected to be between -3.82 billion and -3.42 billion yuan for the same period [1] - The company reports stable operational conditions during the reporting period, indicating overall controllable performance despite the expected losses [1] Reasons for Loss - The primary reasons for the expected losses include a decrease in the scale of real estate project deliveries, a decline in operating revenue and gross margin year-on-year, and indications of impairment for certain real estate development projects and financial investments [1] - The company has made provisions for impairment on certain projects based on a cautious approach [1]

Core Viewpoint - The real estate sector is experiencing a significant rally in both A-shares and Hong Kong stocks, driven by positive policy signals and market dynamics [1][2][3]. Group 1: Market Performance - On July 10, A-share real estate stocks saw a collective surge, with notable gains including a 10.22% increase for Huaxia Happiness and multiple stocks hitting the daily limit [1]. - In the Hong Kong market, Longguang Group's stock rose over 80% at one point, with other companies like Yuanyang Group and Hongyang Real Estate also showing substantial gains [1]. Group 2: Policy Developments - The Ministry of Housing and Urban-Rural Development emphasized the importance of promoting stable and healthy development in the real estate market, urging local governments to implement tailored policies [2]. - Various cities are actively adjusting policies to stabilize the housing market, including easing purchase restrictions and increasing housing subsidies [2]. Group 3: Company Dynamics - Longguang Group announced that its domestic debt restructuring plan was approved, covering 21 existing exchange bonds with a total principal balance of 21.96 billion [2]. - Over 14 real estate companies, including Sunac and R&F, have received approval for debt restructuring or reorganization [2]. Group 4: Market Outlook - Industry analysts suggest that the real estate market is stabilizing, with a potential turning point expected in the second half of the year [3]. - The central government's focus on stabilizing both the real estate and stock markets is seen as crucial for boosting social expectations and facilitating domestic demand [3].

Group 1 - The real estate sector is experiencing strong performance, with multiple stocks showing significant gains, including Nanshan Holdings achieving a continuous rise for 7 days [1] - Policy measures are being implemented to support the real estate market, with over 150 measures introduced nationwide to optimize housing provident fund policies [1] - The Ministry of Housing and Urban-Rural Development emphasizes the importance of stabilizing the real estate market and promoting healthy development [1][2] Group 2 - The focus on targeted and precise policy implementation is crucial for maintaining market stability, with an emphasis on enhancing the effectiveness of these policies [2] - There is a notable inflow of funds into the real estate sector, with a net inflow of 9.17 billion yuan on July 7, contributing to a 1.68% increase in the sector [2]

Core Viewpoint - The real estate sector is experiencing significant gains, with multiple stocks, including Nanshan Holdings, hitting the daily limit up, driven by supportive government policies aimed at stabilizing the housing market [1] Group 1: Stock Performance - Nanshan Holdings has achieved a remarkable performance with four consecutive limit-up days over the past week [1] - Other companies such as Yuhua Development, Huaxia Happiness, Shenzhen Housing A, and Guangda Jiabao also reached their daily limit up [1] - Financial Street, New Town Holdings, Shoukai Co., and Xinda Real Estate have all seen their stock prices increase by over 5% [1] Group 2: Policy Support - The China Index Academy reports that over 150 measures have been introduced in various regions to adjust and optimize housing provident fund policies in the first half of the year [1] - Key measures include supporting the mutual recognition of housing provident funds across regions, optimizing purchase restrictions, acquiring existing commercial housing, increasing home purchase subsidies, and lowering mortgage rates [1]

Group 1 - Vanke's major shareholder, Shenzhen Metro Group, plans to provide a loan of 6.249 billion yuan to Vanke for repaying due public debts, bringing the total loans from Shenzhen Metro to 21.8 billion yuan [1] - The loan has a term of three years with a low interest rate of 2.34%, and Shenzhen Metro has agreed to extend an existing loan of 890 million yuan until December 31, 2025 [1] - This loan is expected to alleviate Vanke's debt pressure, enhance financial stability, and optimize its debt structure, positively impacting business operations [1] Group 2 - Shanghai is set to bundle and transfer two land parcels in Xuhui District for a total price of 43.95 billion yuan, marking a national record [2] - The two parcels include 90% stakes in Shanghai Xinbai'an Economic Development Co., Ltd. and Shanghai Xindongan Enterprise Development Co., Ltd., both held by Shanghai Xuhui Urban Construction Investment Group [2] - This move indicates a new phase in regional development, presenting significant project opportunities for companies that successfully acquire development rights [2] Group 3 - China Energy Construction Corporation won a residential land parcel in Chengdu's Jinniu District for 1.402 billion yuan, with a floor price of 20,200 yuan per square meter and a premium rate of 23.9% [3] - The company also acquired an adjacent land parcel shortly before, indicating a strategic expansion of its land reserves in the area [3] - The acquisition of nearly 93.5 acres of residential land is expected to enhance the company's project development and brand presence [3] Group 4 - Xinda Real Estate announced that Xinda Kunze (Tianjin) Asset Renovation Investment Partnership will provide up to 240 million yuan in funding support for its asset renovation projects, with a term of seven years at a 5% annual interest rate [4] - This funding is aimed at bolstering Xinda's financial resources and alleviating funding pressures for ongoing projects [4] - The transaction is classified as a related party transaction but does not constitute a major asset restructuring [4] Group 5 - Nearly 20 cities have introduced or optimized housing loan policies this year, focusing on lowering loan thresholds, increasing loan limits, and expanding usage scenarios [5] - These policies aim to ease the financial burden on homebuyers, thereby stimulating consumer demand and potentially boosting housing sales [5] - The adjustments are expected to enhance market transaction activity and restore confidence in the real estate sector [5]

Group 1: Company Announcements - China Merchants Bank has received approval to establish a wholly-owned subsidiary, China Merchants Financial Asset Investment Co., with a registered capital of 15 billion yuan, aimed at market-oriented debt-to-equity swaps and equity investment pilot projects [3] - Aerospace Chengtong has had its qualification for military material engineering service procurement restored after completing internal investigations and appeals [4] - Funiu Co.'s controlling shareholder has obtained a loan commitment of up to 162 million yuan from Bank of China Fujian Branch to increase its stake in the company [5] - Jiete Bio plans to establish a partnership fund with a total investment of 50.01 million yuan, focusing on early and mid-stage biopharmaceutical projects [6] - ST Yazhen's stock will resume trading on July 4 after completing a review due to a significant price deviation [7] - Xingxin New Materials intends to invest approximately 800 million yuan in a project to produce 153,000 tons of polyolefin amine series products in the China-Malaysia Qinzhou Industrial Park [8] - Changling Hydraulic's controlling shareholder is planning a change in control, leading to a temporary suspension of trading [9] - Xinda Real Estate's affiliate will provide up to 240 million yuan for asset renovation projects, with a 7-year term and a 5% annual interest rate [10] Group 2: Major Contracts - China Electric Power Construction has signed a mining transportation project contract worth approximately 5.063 billion yuan in Guinea, with a total project duration of about 72 months [12] - China Oil Engineering's subsidiary has signed a contract worth 294 million USD (approximately 2.122 billion yuan) for the Atawi GMP pipeline project in Iraq, which will positively impact future revenues and profits [13] - Boshi Co. has entered into an outsourcing service contract with China National Petroleum Corporation, valued at 109 million yuan over a 3-year period [14] Group 3: Performance Updates - Poly Developments reported a 30.95% year-on-year decrease in June contract amount to 29.011 billion yuan, with a total of 145.171 billion yuan for the first half of the year, down 16.25% [16] - Huayin Power expects a net profit increase of 175 to 215 million yuan for the first half of 2025, driven by increased power generation and reduced fuel costs [17]

证券代码：600657 证券简称：信达地产 编号：临 2025-032 号 关于关联方向公司提供更新改造资金 的公告 重 要 提 示 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： ●为支持信达地产股份有限公司（以下简称"公司"）业务发展 及拟实施的资产更新改造项目，关联方信达坤泽（天津）资产改造投 资合伙企业（有限合伙）（以下简称"信达坤泽"）拟向公司控股子 公司北京信悦坤程科技管理有限公司（以下简称"信悦坤程"）提供 更新改造资金不超过人民币24,000万元（具体以实际金额为准）。公 司及控股子公司无需就本次提供资金事项提供抵押、质押等任何形式 的担保措施。 ●根据《上海证券交易所股票上市规则》的相关规定，因信达坤 泽为公司控股股东之控股股东中国信达资产管理股份有限公司（以下 简称"中国信达"）并表合伙企业，本次交易事项构成关联交易。 ●本次关联交易事项为公司年度股东大会审议关联交易议案额度 范围内的事项，无需另行提交董事会及股东大会审议。 ●本次关联交易不构成《上市公司重大资产重组管理办法》规定 的重大资 ...