关于控股股东之控股股东股权结构变更进展情况的公告 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。 信达地产股份有限公司（以下简称"公司"）于2025年2月14日收到控股股 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"）通知， 中华人民共和国财政部（以下简称"财政部"）拟将其所持有的中国信达的股权 全部划转至中央汇金投资有限责任公司（以下简称"汇金公司"）。划转完成后， 公司实际控制人将由财政部变更为汇金公司。 本次划转前，中国信达通过其全资子公司信达投资有限公司（以下简称"信 达投资"）持有公司1,552,939,583股股份（占公司总股本的54.45%），为公司控 股股东之控股股东。财政部持有中国信达58.00%股份，为公司的实际控制人。本 次划转完成后，汇金公司将持有中国信达58.00%股份，中国信达对公司持股比例 不变。公司控股股东仍为信达投资，实际控制人将由财政部变更为汇金公司。本 次划转符合《上市公司收购管理办法》第六十三条第一款第（一）项的规定，可 以免于发出要约。 以上事项具体内容详见公司于20 ...

Summary of Conference Call on AMC Development and China Xinda Industry and Company Involved - The conference call primarily discusses the Asset Management Company (AMC) sector in China, specifically focusing on China Xinda and its subsidiary, Xinda Real Estate [1][2][3]. Core Points and Arguments 1. **AMC Transfer to Central Huijin**: The transfer of shares from major AMCs to Central Huijin is seen as a strategic move to enhance market-oriented management and operational efficiency, reflecting a shift towards professional asset management [2][3]. 2. **Role of Central Huijin**: Central Huijin, as a professional platform under China Investment Corporation, is expected to unify the management of state-owned financial assets, which includes controlling major banks and securities firms [2][3]. 3. **Policy Alignment**: The transfer aligns with the regulatory guidance issued by the Financial Regulatory Bureau in November 2022, which aims to promote market-oriented operations for AMCs [3][4]. 4. **Market Adaptation**: With Central Huijin's involvement, China Xinda is anticipated to adopt more market-driven strategies in decision-making, risk management, and incentive mechanisms, enhancing its adaptability in a complex financial environment [4][5]. 5. **Collaboration Opportunities**: The new structure allows China Xinda to collaborate more effectively with banks, insurance companies, and securities firms, creating a robust financial cooperation platform [5]. 6. **Financial Strengthening**: Central Huijin's role as a major shareholder will enable China Xinda to optimize its balance sheet and enhance its capital strength through various means, including strategic investments [6]. 7. **Fund Establishment**: In January 2023, China Xinda and Xinda Real Estate established a 20 billion yuan relief fund, which is not solely for distressed assets but aims to support broader financial stability [6][7]. 8. **Sales Performance**: Despite a projected decline in sales for 2024, China Xinda achieved 100% of its annual sales target, indicating resilience compared to industry averages [8][9]. 9. **Market Positioning**: The company focuses on developing projects in core cities, which is expected to yield better sales turnover and profitability compared to projects in less central locations [7][8]. 10. **Future Outlook**: The year 2024 is viewed as a low point for the company, with expectations for recovery and growth in 2025 as new business opportunities arise and the real estate market stabilizes [10][11]. 11. **Valuation Considerations**: The valuation of China Xinda is compared to traditional developers, with a focus on its unique position as an AMC, which allows for asset acquisition during downturns [11][12]. 12. **Investment Opportunities**: The company’s ability to leverage its relief fund and optimize asset acquisition prices will be critical for its future profitability and market positioning [12]. Other Important but Overlooked Content - The conference emphasized the importance of understanding the unique valuation logic for AMCs compared to traditional developers, particularly in the context of the current real estate cycle [11][12]. - The potential for China Xinda to capitalize on low asset prices during market downturns was highlighted as a significant advantage for future growth [11][12].

Investment Rating - The investment rating for the company is "Buy" (maintained) [6] Core Views - The company, Xinda Real Estate, is a subsidiary of China Cinda, one of China's four major Asset Management Companies (AMCs), focusing on the integration of distressed real estate assets [1] - Recent changes in shareholders provide AMCs with more market-oriented space, as the separation of regulatory and shareholder roles is expected to enhance market operations [2] - Policy support has shifted the operational logic of AMCs, with new guidelines emphasizing market-oriented and legal principles in the acquisition and management of distressed assets, potentially leading to better economic benefits in this cycle [3] - Xinda Real Estate and its parent company have established a 20 billion yuan relief fund to support various investment opportunities, indicating a diversified approach to asset management and investment [4] - The establishment of the relief fund is anticipated to increase project scale, revenue, and profits, positively impacting the company's market value [5] Summary by Sections Shareholder Changes - The announcement on February 14 regarding the transfer of some shares to Central Huijin Investment indicates a clearer separation of regulatory and operational roles for AMCs, allowing for more market-driven operations [2] Policy Support - The introduction of the 2024 Financial Regulatory Bureau's guidelines for distressed asset management marks a significant shift towards market-oriented practices, which could enhance the economic efficiency of AMCs in asset restructuring and acquisitions [3] Company Initiatives - In January 2025, Xinda Real Estate and China Cinda jointly announced a 20 billion yuan relief fund aimed at revitalizing distressed projects and supporting construction efforts, showcasing the company's proactive investment strategy [4] Financial Projections - The establishment of the relief fund is expected to lead to increased project acquisitions, revenue, and profits, thereby enhancing the company's market capitalization in the coming years [5]

证券代码：600657 证券简称：信达地产 公告编号：临 2025-005 号 信达地产股份有限公司 关于控股股东之控股股东股权结构变更暨公司实际控制人 变更的提示性公告 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： ●信达地产股份有限公司（以下简称"公司"）于2025年2月14日收到控股股 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"）通知， 中华人民共和国财政部（以下简称"财政部"）拟将其所持有的中国信达的股权 全部划转至中央汇金投资有限责任公司（以下简称"汇金公司"）。划转完成后， 公司实际控制人将由财政部变更为汇金公司。 ●本次划转符合《上市公司收购管理办法》第六十三条第一款第（一）项的 规定，可以免于发出要约。 ●本次划转尚需履行的程序包括取得金融监管机构批准。 一、基本概况 公司于2025年2月14日收到控股股东之控股股东中国信达的《关于中国信达 资产管理股份有限公司股权结构变动的通知》，财政部拟将其所持有的中国信达 的股权全部划转至汇金公司（以下简称"本次划转"）。本次划转将导 ...

信达地产股份有限公司 收购报告书摘要 股票简称：信达地产 股票代码：600657 收购人：中央汇金投资有限责任公司 住所：北京市东城区朝阳门北大街 1 号新保利大厦 通讯地址：北京市东城区朝阳门北大街 1 号新保利大厦 签署日期：二〇二五年二月十四日 1 声 明 本部分所述词语或简称与本报告书摘要"释义"所述词语或简称具有相同 含义。 一、收购人依据《中华人民共和国公司法》《中华人民共和国证券法》《上 市公司收购管理办法》《公开发行证券的公司信息披露内容与格式准则第 16 号 ——上市公司收购报告书》及相关的法律、法规和规范性文件编写本报告书摘要。 上市公司名称：信达地产股份有限公司 股票上市地点：上海证券交易所 二、依据《中华人民共和国证券法》《上市公司收购管理办法》《公开发行 证券的公司信息披露内容与格式准则第 16 号——上市公司收购报告书》的规定， 本报告书摘要已全面披露收购人在信达地产拥有权益的股份。 截至本报告书摘要签署日，除本报告书摘要披露的持股信息外，收购人没有 直接在信达地产拥有权益。 三、收购人签署本报告书摘要已获得必要的授权和批准，其履行亦不违反收 购人公司章程或内部规则中的任何条款，或 ...

证券时报网讯，信达地产(600657)2月14日晚间公告，公司于2025年2月14日收到控股股东之控股股东中 国信达资产管理股份有限公司（简称"中国信达"）通知，财政部拟将其所持有的中国信达的股权全部划 转至中央汇金投资有限责任公司（简称"汇金公司"）。 划转完成后，公司实际控制人将由财政部变更为汇金公司。 ...

Financial Performance Forecast - The company expects a net profit attributable to shareholders of the parent company for 2024 to be between -730 million and -600 million CNY[3]. - The expected net profit attributable to shareholders of the parent company, after deducting non-recurring gains and losses, is projected to be between -760 million and -630 million CNY[4]. - In the same period last year, the total profit was 876 million CNY, with a net profit attributable to shareholders of the parent company of 505 million CNY[5]. - The net profit attributable to shareholders of the parent company, excluding non-recurring gains and losses, was 498 million CNY in the previous year[6]. Reasons for Expected Loss - The primary reason for the expected loss in 2024 is a decline in revenue and gross margin from real estate development projects compared to 2023[8]. - The company anticipates an increase in impairment provisions for certain real estate development projects and financial investments[8]. Audit and Reporting - The performance forecast has not yet been audited by registered accountants, and the company has communicated with the auditing firm regarding this forecast[9]. - The forecast data is preliminary and the accurate financial data will be disclosed in the audited annual report for 2024[10]. Operational Stability and Investment Risks - The company emphasizes the stability and controllability of its overall operations for the year 2024[8]. - Investors are advised to pay attention to investment risks related to the preliminary nature of the forecast data[10].

财联社1月9日讯（记者 李洁） 国资参与房地产项目及主体纾困，持续加码。 1月9日，信达地产（600657.SH）发布公告，公司与中国信达及鑫盛利保共同发起设立房地产行业存量 资产纾困盘活基金，母基金认缴总规模200.01亿元，其中公司认缴100亿元作为劣后级有限合伙人。 信达地产方面表示，该基金主要投资于房地产行业问题企业纾困、问题项目盘活，参与破产重整、法拍 等特殊机遇投资，支持项目保交付和三大工程建设等。 "此次信达房地产纾困盘活基金成立，释放出救房企的明确信号。"中指院企业研究总监刘水告诉记者， 该基金参与破产重整等投资，将促进问题房企通过重整方式化解风险。 其进一步表示，信达地产、中国信达等设立房地产行业存量资产纾困盘活基金除用于问题项目盘活，也 将投资于房地产行业问题企业纾困。过去实践中，纾困以项目为主，本次基金能参与企业层面纾困，救 助房企的信号较为明显。 对于成立该基金的原因，信达地产方面表示，本次共同投资事项，是公司为促进房地产行业风险化解与 良性循环，向不动产资源整合商战略转型的重要举措之一。本次共同投资事项，主要针对房地产行业及 上下游企业的纾困需求，利用公司关联方的功能优势和资源禀赋， ...

信达地产：共同发起设立200亿元房地产行业存量资产纾困盘活基金财联社1月9日电，信达地产公告， 公司与中国信达及鑫盛利保共同发起设立房地产行业存量资产纾困盘活基金。 母基金认缴总规模200.01亿元，其中公司认缴100亿元作为劣后级有限合伙人，主要投资于房地产行业 问题企业纾困、问题项目盘活，参与破产重整、法拍等特殊机遇投资，支持项目保交付和三大工程建设 等。 ...

证券代码：600657 证券简称：信达地产 编号：临 2024-052 号 关于开展应收账款保理业务的公告 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。 一、保理业务情况概述 为满足经营需要，优化资产结构，信达地产股份有限公司（以下 简称"公司"）拟与诚通商业保理有限公司（以下简称"诚通保理"） 开展有追索权正向保理业务，即公司将日常经营活动产生的应收账款 转让给诚通保理，诚通保理向公司支付保理款项。 本项业务不构成关联交易，不构成《上市公司重大资产重组管理 办法》规定的重大资产重组。 本次保理业务适用于公司第十三届董事会第三次（2023 年度） 会议审议通过的《关于确定董事会对经营层授权事项的议案》中"融 资审批权"的授权，已经公司经营层审批通过。 二、交易对方基本情况 企业名称：诚通商业保理有限公司 企业性质：有限责任公司（法人独资） 成立时间：2018 年 7 月 10 日 注册地点：天津自贸试验区（中心商务区）新华路 3678 号宝风 大厦 18 层 1840-18 1 3、交易标的：公司及控股子公司 ...