Core Viewpoint - Tian Di Yuan's stock price has experienced a decline of 1.83% this year, with significant drops over various trading periods, indicating potential challenges in the real estate sector [2]. Group 1: Stock Performance - On January 9, Tian Di Yuan's stock fell by 2.13%, trading at 3.22 CNY per share, with a total transaction volume of 22.21 million CNY and a turnover rate of 0.79%, resulting in a total market capitalization of 2.78 billion CNY [1]. - The stock has decreased by 1.83% in the past five trading days, 11.54% over the last 20 days, and 5.57% in the last 60 days [2]. Group 2: Financial Performance - For the period from January to September 2025, Tian Di Yuan reported a revenue of 2.88 billion CNY, reflecting a year-on-year growth of 10.92%. However, the net profit attributable to shareholders was -220 million CNY, a significant decrease of 318.72% compared to the previous year [2]. - The company has distributed a total of 1.45 billion CNY in dividends since its A-share listing, with 103 million CNY distributed over the past three years [3]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Tian Di Yuan was 29,000, a decrease of 3.17% from the previous period, with an average of 29,827 circulating shares per shareholder, which is an increase of 3.28% [2]. - Among the top ten circulating shareholders, the Southern CSI Real Estate ETF Initiated Link A (004642) held 5.46 million shares, a reduction of 46,600 shares from the previous period [3].

12月31日，天地源涨1.23%，截至发稿，报3.28元/股，成交3158.71万元，换手率1.13%，总市值28.34亿 元。 中加紫金混合A（005373）成立日期2018年4月4日，最新规模2036.51万。今年以来收益46.85%，同类 排名1438/8085；近一年收益43.61%，同类排名1494/8085；成立以来收益99.79%。 中加紫金混合A（005373）基金经理为林沐尘。 截至发稿，林沐尘累计任职时间2年250天，现任基金资产总规模9.11亿元，任职期间最佳基金回报 60.02%， 任职期间最差基金回报0.36%。 资料显示，天地源股份有限公司位于陕西省西安市高新区科技路33号高新国际商务中心数码大厦34层， 成立日期1992年12月21日，上市日期1993年7月9日，公司主营业务涉及房地产开发和经营、自有房屋租 赁,物业管理,实业投资、资产管理,国内贸易(除专项规定),与经营相关的咨询业务。主营业务收入构成 为：房地产99.86%，其他0.14%。 从基金十大重仓股角度 数据显示，中加基金旗下1只基金重仓天地源。中加紫金混合A（005373）三季度持有股数9.24万股，占 基金净值比 ...

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 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：600665 证券简称：天地源 公告编号：临2025-068 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。 天地源股份有限公司（以下简称公司）原指定信息披露媒体为《上海证券报》《证券时报》和上海证券 交易所网站(www.sse.com.cn)。鉴于公司与《证券时报》签订的信息披露服务协议将于2025年12月31日 到期，自2026年1月1日起，公司指定信息披露媒体变更为《上海证券报》《证券日报》和上海证券交易 所网站(www.sse.com.cn)。 公司所有公开披露的信息均以在上述指定报刊、网站刊登的正式公告为准，敬请广大投资者理性投资， 注意投资风险。 本公司对《证券时报》长期以来提供的优质服务表示衷心的感谢！ 特此公告。 二〇二五年十二月三十一日 债券代码：259414 债券简称：25天地三 天地源股份有限公司 关于变更指定 ...

关于变更指定信息披露媒体的公告 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。 天地源股份有限公司（以下简称公司）原指定信息披露媒体为《上海证券报》 《证券时报》和上海证券交易所网站(www.sse.com.cn)。鉴于公司与《证券时报》 签订的信息披露服务协议将于 2025 年 12 月 31 日到期，自 2026 年 1 月 1 日起， 公司指定信息披露媒体变更为《上海证券报》《证券日报》和上海证券交易所网 站(www.sse.com.cn)。 公司所有公开披露的信息均以在上述指定报刊、网站刊登的正式公告为准， 敬请广大投资者理性投资，注意投资风险。 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2025-068 | | --- | --- | --- | | 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 | | ...

Group 1 - The core viewpoint of the articles highlights that Tian Di Yuan has emerged as a leader in the Xi'an local real estate market, achieving a sales amount of 2.84 billion yuan from January to November 2025, indicating strong product, brand, and operational capabilities during a market adjustment period [1] - The company is transitioning from a traditional developer to a "beautiful life operator," focusing on a dual-driven development model of "real estate development + asset operation" to adapt to market changes and customer demand upgrades [1] - Tian Di Yuan's long-term rental apartment brand, Tang Chao Apartment, has successfully expanded its operations to Chongqing and Zhuhai, with over 800 units launched since September 2024, targeting a younger and more tech-savvy demographic [1][2] Group 2 - Tang Chao Apartment has received multiple accolades, including being ranked among the "Top 10 Quality Developments in Long-term Rental Apartments for 2024," and has been recognized in the 2025 Q3 brand strength list for state-owned enterprises in housing rental [2] - The company has diversified its asset operation business by launching the Tian Di Yuan · Yun He Ye Bo Hotel in Zhuhai, which combines traditional aesthetics with modern technology and international management practices to enhance its brand influence in the multi-faceted operation sector [2] - Tian Di Yuan has optimized its capital structure and financing channels, successfully issuing low-cost bonds, including a 5 billion yuan medium-term note with a record low interest rate of 3.53% for the year, reflecting strong market recognition of its operational strength and growth potential [2] Group 3 - In response to slowing traditional growth drivers, Tian Di Yuan is actively optimizing its development path by engaging in strategic partnerships, such as the one with Xi'an High-tech Financial Holding Group, focusing on investment mergers and diversified strategies to foster new business growth [3] - The company aims to build a new platform integrating innovation, industry, capital, and service chains, collaborating in six key areas: future information, future space, future manufacturing, future health, future energy, and future materials [3] - Following the strategic agreement, Tian Di Yuan established a team for industrial transformation and appointed Western Securities as a consulting advisor to enhance its industry research, policy interpretation, and market analysis capabilities [3]

Core Viewpoint - Tian Di Yuan's stock price has shown volatility, with a year-to-date increase of 2.88% but a recent decline of 4.73% over the past five trading days and 12.74% over the past 20 days [2] Group 1: Stock Performance - As of December 29, Tian Di Yuan's stock price decreased by 2.13%, trading at 3.22 CNY per share with a total market capitalization of 2.782 billion CNY [1] - The stock has experienced a net outflow of 12.85 thousand CNY in principal funds, with significant selling activity [1] - Year-to-date, the stock has appeared on the "Dragon and Tiger List" once, with a net buy of -9.90 million CNY on February 28 [2] Group 2: Financial Performance - For the period from January to September 2025, Tian Di Yuan reported operating revenue of 2.877 billion CNY, reflecting a year-on-year growth of 10.92% [2] - The company recorded a net profit attributable to shareholders of -220 million CNY, a significant decrease of 318.72% compared to the previous year [2] Group 3: Company Overview - Tian Di Yuan, established on December 21, 1992, is primarily engaged in real estate development and management, with 99.86% of its revenue derived from real estate activities [2] - The company is classified under the real estate development sector, specifically in residential development, and is associated with various market concepts such as undervalued stocks and small-cap stocks [2] - As of September 30, 2025, the number of shareholders decreased by 3.17% to 29,000, with an average of 29,827 circulating shares per shareholder [2]

作为西安本土国有上市房企，天地源正处于"地产开发+资产运营"的双轮转型关键期。然而，不断攀升 的对外担保金额已成为悬在公司头上的"达摩克利斯之剑"。 12月19日，天地源公告，公司全资子公司西安天地源房地产开发有限公司（以下简称西安天地源）拟申 请不超过1.5亿元信托贷款用于项目开发建设，公司为该笔贷款提供连带责任保证担保，本次担保金额 为1.5亿元。 高担保比例暗藏多重风险，考验公司风险管控能力。当前公司担保对象多为高负债主体，苏州吴江锐泽 置业等参股公司资产负债率达116.46%（2024年末）且持续亏损，一旦被担保方出现还款违约，天地源 将面临巨额代偿压力，进一步侵蚀公司净资产。 尽管公司目前无逾期担保，但高比例担保对导致公司后续融资成本或因风险溢价上升，制约转型步伐。 对于天地源而言，平衡转型发展与财务安全刻不容缓，短期需严控新增担保规模，优化担保结构，长期 需加快运营业务盈利兑现，提升优质住宅项目去化效率。 在行业转型的深水区，唯有筑牢财务安全底线，才能为"运营+产业"的转型战略提供坚实支撑，避免高 担保拖垮转型进程。 目前，房地产行业深度调整期，天地源业绩表现持续波动。2024年公司归母净利润亏损 ...

证券日报网讯12月23日，天地源（600665）在互动平台回答投资者提问时表示，根据公司转型升级、创 新发展相关工作部署，公司围绕发展新质生产力，稳步推动开展项目标的筛选等相关工作。目前，该项 工作仍在紧密推进中，公司暂无应披露而未披露的信息。公司将根据工作进展和上海证券交易所相关规 定及时履行信息披露义务。 ...

Core Viewpoint - Tian Di Yuan's stock price has shown fluctuations, with a year-to-date increase of 5.75% and a recent decline of 7.02% over the past 20 days, indicating volatility in the real estate sector [2]. Group 1: Stock Performance - On December 23, Tian Di Yuan's stock fell by 2.07%, trading at 3.31 CNY per share, with a total market capitalization of 2.86 billion CNY [1]. - The stock has experienced a 5.75% increase year-to-date, a 2.80% rise in the last five trading days, a 7.02% decline over the past 20 days, and a slight 0.60% decrease over the last 60 days [2]. Group 2: Financial Performance - For the period from January to September 2025, Tian Di Yuan reported a revenue of 2.877 billion CNY, reflecting a year-on-year growth of 10.92%. However, the net profit attributable to shareholders was -220 million CNY, a significant decrease of 318.72% compared to the previous year [2]. - The company has distributed a total of 1.448 billion CNY in dividends since its A-share listing, with 103 million CNY distributed over the last three years [3]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Tian Di Yuan was 29,000, a decrease of 3.17% from the previous period, with an average of 29,827 circulating shares per shareholder, an increase of 3.28% [2]. - Among the top ten circulating shareholders, the Southern CSI Real Estate ETF ranked as the eighth largest, holding 5.4557 million shares, which is a reduction of 46,600 shares from the previous period [3].

Group 1 - The company, Tiandi Source (600665), announced that as of now, it has no overdue external guarantees [1]