该项目以全资子公司持有的科技大厦、研发A1楼及国电总部4号楼为底层资产，申报材料已于2025年5 月20日获证监会和上交所受理，并于2025年7月2日收到上交所反馈意见。 本次撤回不会对公司生产经营和财务状况造成重大不利影响，亦不存在损害公司及中小股东利益的情 形。截至公告日，申报审核流程已终止。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 来自业绩披露要点：电子城预计2025年归属净利润亏损14.5亿元至19亿元。 来自公司公告汇总：电子城撤回公募REITs项目申报，称不影响经营和财务状况。 本周关注点 业绩披露要点 电子城发布业绩预告，预计2025年全年归属净利润亏损14.5亿元至19亿元，扣非后净利润亏损14.8亿元 至19.3亿元。 公司公告汇总 电子城第十三届董事会第五次会议于2026年1月16日召开，审议通过《关于申请撤回基础设施公募 REITs项目申报的议案》。公司为维护投资人利益，提高项目经营稳定性，拟撤回公募REITs申报，后 续将择机推进。 截至2026年1月23日收盘，电子城（600658）报收于5.69元 ...

该项目申报材料已于 2025 年 5 月 20 日获证监会和上交所正式受 理，上交所已于 2025 年 7 月 2 日反馈意见。 三、申请撤回的原因 证券代码：600658 证券简称：电子城 公告编号：临 2026-004 北京电子城高科技集团股份有限公司 关于申请撤回公募 REITs 项目申报的提示性公告 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。 经北京电子城高科技集团股份有限公司（以下简称"公司"）于 2026 年 1 月 16 日召开的第十三届董事会第五次会议审议通过，由基 金管理人向中国证券监督管理委员会（以下简称"证监会"）和上海 证券交易所（以下简称"上交所"）申请撤回公募 REITs 项目申报文 件，具体情况如下： 一、项目基本情况 公司于 2024 年 3 月 11 日召开第十二届董事会第二十八次会议， 审议通过《公司关于拟申报发行基础设施公募 REITs 的议案》，同意 公司以全资子公司北京电子城有限责任公司持有的科技大厦、研发 A1 楼及国电总部 4 号楼作为底层资产，开展公募 REITs 申报、发行 ...

Group 1: Domestic News - The People's Bank of China (PBOC) emphasizes accelerating the construction of a cross-border payment system for the renminbi, aiming for a diversified and multi-layered development by 2026 [2] - The Ministry of Industry and Information Technology (MIIT) reports that the industrial and information sectors contributed over 40% to economic growth, with a projected 5.9% increase in industrial value added by 2025 [3] - The Ministry of Housing and Urban-Rural Development (MOHURD) plans to stabilize the real estate market by focusing on urban renewal, community construction, and improving housing sales systems [5] Group 2: International News - Former President Trump announces a framework agreement with NATO regarding Greenland, temporarily halting planned tariffs on European countries [6] - The U.S. Treasury yields show a general decline, with the 10-year Treasury yield down by 4 basis points to 4.26% [25] Group 3: Bond Market Dynamics - The bond market shows a strong performance with the 10-year government bond yield decreasing by 0.05 basis points to 1.8335% [10] - The credit bond market experiences significant price deviations, with some industrial bonds seeing price changes exceeding 10% [11] - Vanke announces a bondholder meeting where a proposal to extend the maturity of a portion of its bonds was approved [12] Group 4: Commodity Market - International crude oil prices rise, with WTI crude up 0.43% to $60.62 per barrel, and natural gas prices surge nearly 30% to $5.040 per million British thermal units [7] Group 5: Equity and Convertible Bond Market - The equity market sees a collective rise, with major indices increasing, and the convertible bond market also reflects this trend with major indices up by approximately 0.90% [21] - The convertible bond market records a trading volume of 912.89 billion yuan, with 308 out of 385 bonds rising in value [21]

Core Viewpoint - The public REITs market in China is experiencing a significant regulatory shift, with the first instances of project withdrawals occurring as a result of new guidelines issued by the Shanghai and Shenzhen Stock Exchanges, which clarify the conditions under which REITs applications may be suspended or terminated [1][6][10]. Group 1: Project Withdrawals - Jin Feng Technology announced on January 20, 2026, its decision to terminate the application for the Jianxin Jin Feng New Energy REIT, marking the first case of a project entering the review stage but failing to issue successfully [1][3]. - On the same day, Electronic City also announced its intention to withdraw the application for the Chuangjin Hexin Electronic City Industrial Park REIT, indicating a strategic retreat to enhance project stability [1][7]. - The recent regulatory changes are closely linked to these withdrawals, as the new guidelines specify conditions for the suspension or termination of REITs applications [1][4]. Group 2: Regulatory Changes - The new guidelines, effective from December 31, 2025, outline specific circumstances under which the review of REITs applications may be terminated, including expired financial documents and failure to respond to inquiries within the stipulated time [4][14]. - The introduction of these guidelines aims to improve the transparency and efficiency of the REITs application process, ensuring that projects do not remain in limbo and occupy regulatory resources unnecessarily [7][17]. - The regulatory environment is shifting towards a more stringent approach, emphasizing the importance of maintaining high standards for project approvals in the public REITs market [6][10]. Group 3: Market Dynamics - As of the end of 2025, there were 79 public REITs listed in China, with a total issuance scale exceeding 210 billion yuan, reflecting a steady expansion of the market [6][16]. - The relationship between REIT issuers and investors is evolving, with a shift from early valuation premiums to a more rational and professional pricing phase [6][10]. - The market is expected to see a balance between active applications and stringent entry requirements, creating a new ecosystem for public REITs [10][18].

Core Viewpoint - The public REITs market in China has witnessed its first case of a failed issuance during the exchange review stage, highlighting the impact of new regulatory guidelines introduced at the end of 2025 [3][4]. Group 1: Case Studies of Failed Issuance - Jin Feng Technology announced the termination of its public REITs application on January 19, 2026, due to long-standing failure to respond to exchange feedback, aligning with new regulatory requirements [4]. - Similarly, Electronic City also withdrew its public REITs project application on the same day, indicating a trend of stalled projects under the new guidelines [5]. Group 2: Regulatory Changes and Market Impact - The new guidelines issued by the Shanghai and Shenzhen Stock Exchanges on December 31, 2025, aim to enhance transparency and efficiency in the review process for public REITs, defining specific circumstances under which applications can be terminated [5]. - The guidelines list seven conditions for termination, including failure to respond to feedback within the stipulated time and the expiration of financial data and asset evaluation reports [5]. - As of the end of 2025, there are several projects in the review stage that have not progressed, raising concerns about their compliance and operational status [5]. Group 3: Future Market Trends - A head of REITs business at a leading fund company noted that the new regulations necessitate enhanced due diligence before application submissions, shifting the focus from issuance to compliance and operational management [6]. - The public REITs market is transitioning towards favoring projects with stable cash flows and sound operational management, as indicated by the Jin Feng Technology case [6]. - According to Wind statistics, by the end of 2025, there were 79 public REITs listed with a total issuance scale exceeding 210 billion yuan, reflecting a growing market [6]. - A report from China International Capital Corporation suggests that the public REITs market is entering a new phase of normalized issuance, with expectations for continued growth in scale, asset diversity, and improved investor structure in 2026 [6].

Core Viewpoint - The recent regulatory changes have led to the first case of a public REIT failing to issue after entering the exchange review stage, highlighting the impact of new guidelines aimed at preventing projects from remaining unresolved for extended periods [1][2]. Group 1: Regulatory Changes - The new guidelines from the Shanghai and Shenzhen Stock Exchanges, effective by the end of 2025, explicitly define circumstances under which public REIT applications can be terminated, aiming to enhance transparency and efficiency in the review process [2][3]. - The guidelines list seven specific scenarios for application termination, including failure to respond to exchange feedback within the stipulated timeframe [2]. Group 2: Company-Specific Cases - Jin Feng Technology announced the termination of its public REIT application, which began in September 2021 and had not progressed due to a lack of response to feedback from the exchange [1]. - Similarly, Electronic City plans to withdraw its infrastructure public REIT project application, which was submitted in May 2025, due to a lack of progress following initial feedback [2]. Group 3: Market Implications - The implementation of the new regulations is expected to shift the focus of public REITs from merely issuing to emphasizing operational compliance and management capabilities, favoring projects with stable cash flows [3]. - As of the end of 2025, there are 79 public REITs listed in the market, with a total issuance scale exceeding 210 billion yuan, indicating a growing market despite recent challenges [3].

Core Viewpoint - The real estate sector continues to face widespread losses, with most listed companies in the A-share market reporting varying degrees of deficit for 2025, except for the leading company, Poly Developments [2][3]. Group 1: Company Performance - Among the 27 listed real estate companies that have released performance forecasts, only Poly Developments reported a positive net profit of approximately 1.03 billion yuan, while the total losses of the other companies ranged from 47.546 billion to 62.464 billion yuan [3]. - Poly Developments experienced a revenue decline of 1.09% year-on-year, with a net profit drop of 79.49% due to decreased gross profit margins and anticipated asset impairment losses of about 6.9 billion yuan [3]. - Other companies, such as China Fortune Land Development, are projected to incur losses of 16 billion to 24 billion yuan for 2025, with net assets expected to decline by 10 billion to 15 billion yuan [4]. Group 2: Industry Challenges - The real estate sector has been struggling with significant losses since 2022, attributed to factors such as low-profit project settlements, increased impairment provisions, and rising interest expenses [6]. - The sales volume of commercial housing is expected to decline by 12.6% year-on-year in 2025, indicating ongoing market challenges [7]. - The real estate development prosperity index has been on a downward trend, reaching 91.45 by December 2025, reflecting a sluggish economic activity in the sector [7]. Group 3: Future Outlook - Analysts suggest that the adjustment cycle in the real estate market may be nearing its end by 2026, with potential growth in the high-quality residential market driven by policy support and demand structure upgrades [8]. - Companies facing significant losses must manage their market value and ensure compliance with financial reporting to avoid delisting risks, which could arise from continuous losses or failure to meet revenue thresholds [9].

1月20日，电子城跌5.08%，截至发稿，报5.60元/股，成交1.45亿元，换手率2.26%，总市值62.64亿元。 资料显示，北京电子城高科技集团股份有限公司位于北京市朝阳区酒仙桥路6号院5号楼15层-19层，成 立日期1986年12月24日，上市日期1993年5月24日，公司主营业务涉及园区地产开发与销售、新型科技 服务(园区物业出租与管理)、广告传媒和产品销售。主营业务收入构成为：新型科技服务73.23%，地产 销售23.70%，广告传媒3.06%，其他(补充)0.01%。 从电子城十大流通股东角度 南方中证房地产ETF发起联接A（004642）基金经理为罗文杰。 截至发稿，罗文杰累计任职时间12年277天，现任基金资产总规模1702.51亿元，任职期间最佳基金回报 183.13%， 任职期间最差基金回报-47.6%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 数据显示，南方基金旗下1只基金位居电子城十大流通股东。南方中证房地产ETF发起 ...

● 本次业绩预告的具体适用情形：净利润为负值。 ● 主要财务数据情况：公司预计2025年度实现归属于母公司所有者的净利润为-190,000万元至-145,000 万元，2025年度实现归属于母公司所有者的扣除非经常性损益的净利润为-193,000万元至-148,000万 元。 证券代码：600658 证券简称：电子城 公告编号：临2026-002 北京电子城高科技集团股份有限公司 2025年年度业绩预亏公告 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： ● 本次业绩预告未经审计，仅为初步核算数据，具体准确的财务数据以公司正式披露的经审计后的2025 年年度报告为准，敬请广大投资者注意投资风险。 一、本期业绩预告情况 （一）业绩预告期间 2025年1月1日至2025年12月31日。 （二）业绩预告情况 经公司财务部门初步测算： 1.公司预计2025年度实现归属于母公司所有者的净利润为-190,000万元至-145,000万元。 2.公司预计2025年度实现归属于母公司所有者的扣除非经常性损益的净利润为-193, ...

（记者 王晓波） 每经头条（nbdtoutiao）——短剧大爆发，吸纳69万人就业！一度送外卖的演员也找到工作：收入还算 可观但太累，剧组常备速效救心丸，拍睡觉戏真能睡着 每经AI快讯，电子城1月19日晚间发布公告称，公司第十三届第五次董事会会议于2026年1月16日在公 司会议室召开。会议审议了《关于申请撤回基础设施公募REITs项目申报的议案》等文件。 ...