| | | Tande C o. , L td . 天 地 源股 份 有 限公 司 | 证券代码：600665 | 证券简称：天地源 | 公告编号：临2025-062 | | --- | --- | --- | | 债券代码：242114 | 债券简称：24天地一 | | | 债券代码：242304 | 债券简称：25天地一 | | | 债券代码：259269 | 债券简称：25天地二 | | | 债券代码：259414 | 债券简称：25天地三 | | 天地源股份有限公司 关于选聘会计师事务所的公告 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个别及连带责任。 重要内容提示： 拟聘任的会计师事务所名称：信永中和会计师事务所(特殊普通合伙)（以 下简称信永中和会计师事务所） 原聘任的会计师事务所名称：华兴会计师事务所(特殊普通合伙)（以下 简称华兴会计师事务所） 根据财政部、国资委及证监会联合下发的《国有企业、上市公司选聘会 计师事务所管理办法》（以下简称《管理办法》）的相关规定，天地源股份有限 公司（以下简称公司）拟聘任信永中和会计 ...

天 地 源股 份 有 限公 司 Tande C o. , L td. | 证券代码：600665 | 证券简称：天地源 | 公告编号：2025-063 | | --- | --- | --- | | 债券代码：242114 | 债券简称：24天地一 | | | 债券代码：242304 | 债券简称：25天地一 | | | 债券代码：259269 | 债券简称：25天地二 | | | 债券代码：259414 | 债券简称：25天地三 | | 天地源股份有限公司 关于召开2025年第三次临时股东会的通知 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： 一、召开会议的基本情况 （一）股东会类型和届次： 2025年第三次临时股东会 （二）股东会召集人：董事会 （三）投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结 合的方式 （四）现场会议召开的日期、时间和地点 召开的日期时间：2025 年 12 月 11 日 14 点 50 分 召开地点：西安市高新区科技路 33 号高新国际商务中心数码大厦 20 层会议 ...

Tande C o. , L td. 天 地 源股 份 有 限公 司 | 证券代码：600665 | 证券简称：天地源 | 公告编号：临2025-060 | | --- | --- | --- | | 债券代码：242114 | 债券简称：24天地一 | | | 债券代码：242304 | 债券简称：25天地一 | | | 债券代码：259269 | 债券简称：25天地二 | | | 债券代码：259414 | 债券简称：25天地三 | | 天地源股份有限公司 第十一届董事会第六次会议决议公告 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个别及连带责任。 一、董事会召开情况 天地源股份有限公司（以下简称公司）第十一届董事会第六次会议于 2025 年 11 月 25 日在西安市高新区科技路 33 号高新国际商务中心 20 层会议室召开。 会议应出席董事 11 名，实际出席董事 11 名。公司已于 2025 年 11 月 19 日以邮 件、短信、企业微信等方式将会议通知、会议文件发送至各位董事。本次会议的 召开符合《公司法》《公司章程》的 ...

天地源股份有限公司 市值管理制度 第一条 为加强天地源股份有限公司（以下简称公司）市值管理，切实推动 公司投资价值提升，增强投资者回报，维护投资者利益，根据《中华人民共和国 公司法》《中华人民共和国证券法》《国务院关于加强监管防范风险推动资本市场 高质量发展的若干意见》《上市公司信息披露管理办法》《上市公司监管指引第 10 号——市值管理》《上海证券交易所股票上市规则》等规定，并结合公司实际 情况，制定本制度。 第二条 本制度所称市值管理，是指公司以提高发展质量为基础，为提升投 资价值和股东回报能力而实施的战略管理行为。 第三条 公司牢固树立回报股东意识，采取措施保护投资者尤其是中小投资 者利益，诚实守信、规范运作、专注主业、稳健经营，以新质生产力的培育和运 用，推动经营水平和发展质量提升，并在此基础上做好投资者关系管理，增强信 息披露质量和透明度，必要时积极采取措施提振投资者信心，推动公司投资价值 合理反映公司质量。 第四条 市值管理的基本原则包括： （一）合规性原则：公司市值管理工作应当在严格遵守相关法律法规、规范 性文件、自律监管规则以及公司内部规章制度的前提下开展。 （二）系统性原则：公司应当按照系统 ...

Investment Rating - The report does not explicitly state an investment rating for the industry or specific companies [4]. Core Insights - Key monitored enterprises acquired 32 plots of land with a total transaction amount of 375.3 billion yuan [5][6]. - Brand real estate companies completed 4 financing transactions, totaling 45 billion yuan [5][6]. Land Reserves - Recent land acquisition details include: - Yuexiu Property acquired a residential land in Guangzhou for 1.194 billion yuan, with a premium of 8.2% [8]. - In Changsha, 3 residential plots were sold for a total of 1.89 billion yuan, with a maximum premium of 18% [9]. - China Green Development secured land in Sanya for 1.36 billion yuan at the base price [10]. - China Resources Land won a plot in Dongguan for 1.91 billion yuan, with a saleable floor price of 21,606 yuan/m² [11]. Investment Financing - Recent financing activities include: - Tiandi Source issued 200 million yuan in medium-term notes with an interest rate of 3.60% [12][14]. - Fuzhou Urban Investment Group successfully issued 580 million yuan in short-term financing bonds [15]. - China Communications Construction Company received approval for a 300 million yuan corporate bond [16]. - Hangzhou Anju Group's 2 billion yuan corporate bond was approved by the Shanghai Stock Exchange [17]. Corporate Dynamics - China State Construction Group signed a strategic cooperation framework agreement with the Chongqing government [18]. - Greentown Management and Chongqing Green Development signed a cooperation development agreement to enhance high-quality real estate projects [19].

重要内容提示： （网址：https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 11 月 11 日（星期二）至 11 月 17 日（星期一）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 （irm@tande.cn）进行提问。公司将在说明会上对投资者普遍关注的问题进行回 答。 Tande C o . , L td 天 地 源股 份 有 限公 司 | 证券代码：600665 | 证券简称：天地源 | 公告编号：临2025-059 | | --- | --- | --- | | 债券代码：242114 | 债券简称：24天地一 | | | 债券代码：242304 | 债券简称：25天地一 | | | 债券代码：259269 | 债券简称：25天地二 | | | 债券代码：259414 | 债券简称：25天地三 | | 天地源股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 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。 天地 ...

Core Insights - The company reported a total operating revenue of 2.877 billion yuan for Q3 2025, an increase of 283 million yuan or 10.92% year-on-year [1] - The net profit attributable to shareholders was -220 million yuan, a decrease of 320 million yuan or 318.72% compared to the same period last year [1] - The net cash inflow from operating activities was 715 million yuan, an increase of 1.277 billion yuan, marking two consecutive years of growth [1] Financial Ratios - The latest debt-to-asset ratio is 85.82%, which is an increase of 0.01 percentage points from the previous quarter but a decrease of 1.11 percentage points year-on-year [3] - The latest gross profit margin is 15.52%, down by 2.01 percentage points from the previous quarter and down by 0.57 percentage points year-on-year [3] - The latest return on equity (ROE) is -8.26%, a decrease of 10.78 percentage points compared to the same period last year [3] Earnings Per Share and Turnover Ratios - The diluted earnings per share is -0.25 yuan, a decrease of 0.37 yuan or 318.78% year-on-year [3] - The latest total asset turnover ratio is 0.11 times, an increase of 0.04 times or 49.93% year-on-year [3] - The latest inventory turnover ratio is 0.12 times, an increase of 0.04 times or 52.94% year-on-year [3] Shareholder Information - The number of shareholders is 29,000, with the top ten shareholders holding 582 million shares, accounting for 67.37% of the total share capital [3] - The largest shareholder is Xi'an High-tech Industrial Development Zone Real Estate Development Co., Ltd., holding 57.5 million shares [3]

Core Viewpoint - The company has released its quarterly report, ensuring the accuracy and completeness of the financial information presented, and has taken legal responsibility for any misrepresentation or omissions [2][3]. Financial Data Summary - The financial statements for the third quarter have not been audited, and there are no non-standard opinions from auditors [3][7]. - The company reported significant non-recurring gains and losses, which are detailed in the financial statements [4][5]. - The company has provided a summary of major accounting data and financial indicators, indicating changes and reasons for these changes [6]. Shareholder Information - The total number of ordinary shareholders and the status of major shareholders have been disclosed, with no changes reported in the lending of shares for margin trading [6]. - The company has highlighted the acquisition of land use rights for a specific plot in Xi'an, valued at 201.5 million yuan, which may impact future operations [6]. Financial Statements - The company has prepared consolidated financial statements, including the balance sheet, income statement, and cash flow statement for the period ending September 30, 2025, all of which are unaudited [7][8].

Core Viewpoint - Tian Di Yuan (600665.SH) reported a decline in net profit for the first three quarters of 2025 despite a revenue increase, indicating potential challenges in profitability [1] Financial Performance - The company achieved total operating revenue of 2.877 billion yuan, representing a year-on-year growth of 10.92% [1] - The net profit attributable to shareholders was -220 million yuan, compared to a net profit of 100 million yuan in the same period last year [1] - Basic earnings per share were -0.254 yuan [1]

Financial Performance - The company's operating revenue for the third quarter was CNY 416,035,339.50, a decrease of 25.00% compared to the same period last year[5]. - The total profit for the quarter was a loss of CNY 102,766,707.29, representing a decline of 157.06% year-on-year[5]. - The net profit attributable to shareholders was a loss of CNY 95,164,280.90, down 173.75% from the previous year[5]. - The basic earnings per share for the quarter was -CNY 0.1101, a decrease of 173.74% compared to the same period last year[6]. - The net profit for the first three quarters of 2025 was a loss of CNY 167,531,558.77, compared to a profit of CNY 120,414,634.88 in the same period of 2024[20]. - The basic earnings per share for the first three quarters of 2025 was -CNY 0.2540, compared to CNY 0.1161 in the same period of 2024[20]. - The company reported an operating loss of CNY 161,501,333.87 for the first three quarters of 2025, compared to an operating profit of CNY 149,578,634.86 in the same period of 2024[20]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 25,346,091,878.81, a decrease of 10.55% from the end of the previous year[6]. - The company's total liabilities decreased to CNY 21,751,838,591.84 from CNY 24,563,689,305.18, reflecting a reduction of 11.06%[18]. - The total equity attributable to shareholders decreased to CNY 2,655,974,258.16 from CNY 2,875,503,227.95, a decline of 7.66%[18]. - The company's total assets as of September 30, 2025, are ¥25,346,091,878.81, compared to ¥28,335,517,502.42 at the end of 2024[16]. Cash Flow and Financial Activities - The cash flow statement for the first three quarters of 2025 indicates a need for further analysis to assess liquidity and operational efficiency[21]. - In the first three quarters of 2025, the net cash flow from operating activities was ¥714,792,069.31, a significant decline compared to a net cash outflow of ¥562,581,036.67 in the same period of 2024[22]. - The net cash flow from financing activities for the first three quarters of 2025 was -¥2,235,064,893.92, compared to -¥399,595,873.46 in 2024, reflecting a worsening financing situation[23]. - The total cash and cash equivalents at the end of the first three quarters of 2025 stood at ¥2,155,186,699.34, down from ¥3,916,034,707.18 at the end of the same period in 2024[23]. Operational Efficiency and Future Plans - The company reported a significant increase in interest expenses and sales costs, impacting net profit and earnings per share negatively[10]. - The weighted average return on net assets decreased by 6.8 percentage points to -3.52% for the quarter[6]. - The company plans to focus on improving operational efficiency and exploring new market opportunities to enhance future performance[10]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 28,971[13]. - The largest shareholder, Xi'an High-tech Zone Real Estate Development Co., Ltd., holds 497,000,938 shares, accounting for 57.52% of the total shares[13]. Inventory and Current Assets - The company's inventory as of September 30, 2025, is ¥18,256,766,747.91, down from ¥20,695,094,959.11[16]. - Total current assets decreased to ¥23,593,959,753.90 from ¥27,302,127,441.25 year-over-year[16]. - The company has a total of 1,120,561,413.21 in other receivables, down from ¥1,306,285,911.98[16]. Financial Expenses - Financial expenses rose significantly to CNY 259,501,594.75, compared to CNY 118,244,789.40 in the previous year, marking an increase of 119.73%[19]. - The company reported a significant increase in cash paid to employees, which rose to ¥134,766,769.77 in 2025 from ¥246,881,901.40 in 2024[22].