证券代码：600675 证券简称：中华企业 公告编号：临 2025-016 中华企业股份有限公司 关于召开2024年度暨2025年第一季度业绩说明会 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。 重要内容提示： 会议召开时间：2025 年 6 月 12 日 （星期四） 15:00-16:00 会议召开地点：上海证券交易所上证路演中心（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 6 月 05 日 （星期四） 至 6 月 11 日 （星 期三）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目 或通过公司投资者关系邮箱 zhqydm@cecl.com.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。 中华企业股份有限公司（以下简称"公司"）已于 2025 年 4 月 17 日、4 月 30 日披露公司 2024 年年度报告、2025 年第一季度报告， 为便于广大投资者更全面深入地了解公司 2024 年度、2 ...

Core Viewpoint - In 2024, the company experienced a decline in revenue from its real estate development segment due to project handovers, while both the commercial and property management segments saw revenue growth [1][4]. Group 1: Revenue Performance - The real estate development segment's revenue decreased, with total sales amounting to 5.82 billion yuan and a sales area of 100,000 square meters, resulting in a handover revenue of 5.05 billion yuan and a handover area of 75,000 square meters [1]. - The company's total operating revenue for the period was 6.959 billion yuan, a decrease of 47.23% compared to the same period last year, with a net profit attributable to shareholders of -317 million yuan, down 157.06% year-on-year [1]. - The main projects contributing to revenue in 2024 included the Zhongqi Yuncui Forest project in Shanghai, while several key projects were not included in the 2024 revenue recognition [1]. Group 2: Business Segment Performance - The main business revenue accounted for 99.69% of total revenue, with real estate business revenue at 5.918 billion yuan and a gross margin of 37.61%, down 51.93% year-on-year [4]. - Property management revenue reached 698 million yuan, with a gross margin of 4.1%, an increase of 16.16% compared to the previous year [4]. - Commercial revenue was 320 million yuan, reflecting a growth of 41.98% year-on-year [4]. Group 3: Land and Financing - The company faced insufficient land reserves, with no new land acquisitions in 2024, relying on previously accumulated land reserves [7]. - The company had only three plots of land awaiting development, totaling 212,200 square meters [7]. - The net debt ratio for 2024 was 27.6%, continuing a three-year decline, and the cash-to-short-term debt ratio was 13.9 times, the lowest in five years [8]. Group 4: Asset Optimization and Agricultural Development - The company focused on optimizing existing assets, expanding leasing business scale, and enhancing asset management efficiency, achieving a rental income of 647 million yuan from over 800,000 square meters of leasable assets [13]. - The company improved its property management system and service quality, managing 296 projects with a total area of 25.5 million square meters, leading to significant revenue growth [14]. - The company also developed urban agriculture, achieving a revenue of 320 million yuan in 2024 through enhanced supply chain management and market expansion [14].

2025年4月30日中国人民银行以固定利率、数量招标方式开展了5308亿元7天期逆回购操作。操作利率1.5%，与此前持平。 零售板块盘初活跃，其中茂业商业直线拉升涨停，走出5连板，翠微股份（603123）、莱绅通灵（603900）涨停，中兴商业（000715）、红旗连锁 （002697）、文峰股份（601010）、友好集团（600778）等涨幅靠前。 零售板块盘初活跃，其中茂业商业（600828）直线拉升涨停，走出5连板。算力租赁概念走强。 4月30日早盘，A股三大指数开盘涨跌不一，沪指低开0.08%，深证成指涨0.14%，创业板指涨0.22%。截至发稿，沪指拉升翻红，创业板指拉升涨逾 1.00%。 零售股活跃 4月份中国制造业采购经理指数为49%，较上月下降1.5个百分点。从重点行业看，新动能市场需求整体保持稳中有增势头，国内市场需求保持较好增长。 4月份高技术制造业采购经理指数为51.5%，明显高于制造业总体水平，延续较好发展态势。消费品制造业新订单指数也处于50%的临界点，意味着消费品 制造业国内市场需求较好释放。从企业预期看，4月份生产经营活动预期指数为52.1%，继续位于扩张区间。 从非制造业的情况 ...

证券代码：600675 股票简称：中华企业 编号：临 2025-014 中华企业股份有限公司 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法律责任。 中华企业股份有限公司（以下简称"公司"）第十一届董事会第六次会议 于 2025 年 4 月 28 日以通讯表决方式召开，公司董事会由 8 名董事组成，应参 与表决董事 8 人，实际参与表决董事 8 人，符合《公司法》和《公司章程》的 规定。经与会董事审议，通过了如下议案： 一、公司 2025 年第一季度报告 此项议案，8 票同意，0 票反对，0 票弃权获得通过。 具体内容详见上海证券交易所网站（www.sse.com.cn）。 二、关于分公司注销的议案 此项议案，8 票同意，0 票反对，0 票弃权获得通过。 特此公告！ 中华企业股份有限公司董事会 2025 年 4 月 30 日 公司 2025 年第一季度报告已经公司审计委员会审议通过。 ...

Group 1: Financial Performance - In Q1 2025, the company achieved operating revenue of 5.765 billion yuan, a year-on-year increase of 1159.37% [1] - The net profit attributable to shareholders was 460 million yuan, marking a turnaround from losses in the same period last year [1] - The improvement in revenue and profit was primarily due to accelerated project handovers, particularly the completion of the Zhongqi Cloud Forest East District [1] Group 2: Strategic Focus and Project Delivery - The company continues to align with the overall strategic layout of Shanghai Real Estate Group, emphasizing "steady progress and quality improvement" [1] - The company successfully delivered the Zhongqi Cloud Forest East District ahead of schedule, contributing to a total delivered area of 105,164.6 square meters for the project [1] - Future efforts will focus on enhancing residential project product quality and optimizing design and configuration to meet market demand [1] Group 3: Asset Management and Financing - As of the end of 2024, the company had a leasable asset scale of over 800,000 square meters, with a high occupancy rate and cumulative rental income of 647 million yuan [2] - The company issued a non-public corporate bond in early 2024, raising 1.52 billion yuan at a record low interest rate of 1.88% [2] - The company reported a healthy financial status with cash reserves of 17.844 billion yuan and short-term debt of 1.256 billion yuan due within one year [2] Group 4: Urban Services and Property Management - The company is expanding its urban life services sector, with its subsidiary Xin Hong Agriculture achieving revenue of 320 million yuan in 2024, a year-on-year increase of 41.98% [3] - The company’s subsidiary, Gubei Property, successfully won a bid for the Dong'an Riverside Comprehensive Maintenance Project, marking a significant breakthrough in urban maintenance [3] - By the end of 2024, Gubei Property managed nearly 300 projects, covering over 25 million square meters of various property types [3]

不 证券代码：600675 股票简称：中华企业 编号：临 2025-015 中华企业股份有限公司定期经营数据公告 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。 | 投资开发 | 项 | 目 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 规 | 划 | 季 | 度 | 内 | 年内 | 累 | 计 | 季 | 度 | 内 | 年内 | 项 | 目 | 项 | 位 | 占 | 地 | 总 | 建 | 开 | 工 | 面 | 累计 | 开 | 工 | 竣 | ...

Financial Performance - The company's operating revenue for Q1 2025 reached ¥5,765,080,818.49, a significant increase of 1,159.37% compared to ¥457,776,327.89 in the same period last year[5] - Net profit attributable to shareholders was ¥459,975,087.48, a turnaround from a loss of ¥214,354,750.94 in the previous year[5] - The net profit after deducting non-recurring gains and losses was ¥451,433,745.60, compared to a loss of ¥223,512,001.22 in the same period last year[5] - Basic and diluted earnings per share were both ¥0.08, improving from a loss of ¥0.04 per share in the previous year[6] - Operating profit for Q1 2025 was ¥1,240,791,576.00, compared to a loss of ¥216,111,511.71 in Q1 2024, indicating a turnaround in profitability[18] - Net profit for Q1 2025 was ¥817,435,561.22, contrasting with a net loss of ¥208,121,835.88 in Q1 2024, marking a substantial improvement[18] - The company reported a net cash outflow from operating activities of ¥92,909,093.29 in Q1 2025, a significant reduction from a net outflow of ¥1,027,636,427.21 in Q1 2024[20] - The company reported investment income of ¥111,267,740.58 in Q1 2025, a significant recovery from a loss of ¥366,728.11 in Q1 2024[17] - The company’s total comprehensive income for Q1 2025 was ¥817,435,561.22, compared to a loss of ¥208,121,835.88 in Q1 2024[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥54,496,618,397.20, a decrease of 4.02% from ¥56,777,717,344.80 at the end of the previous year[6] - The company's current assets totaled RMB 41.49 billion, down from RMB 43.86 billion, indicating a decrease of about 5.41%[14] - The company's total liabilities decreased to RMB 36.72 billion from RMB 39.81 billion, a reduction of about 7.8%[15] - The company's short-term borrowings increased significantly to RMB 40.01 million from RMB 20.01 million, marking a 100% increase[14] - The company's accounts payable decreased to RMB 1.93 billion from RMB 2.24 billion, a decline of about 13.63%[15] - The company's contract liabilities dropped to RMB 4.41 billion from RMB 8.87 billion, a decrease of approximately 50.24%[15] - The company's long-term borrowings remained relatively stable at RMB 10.41 billion compared to RMB 10.42 billion, showing a negligible change[15] Shareholder Equity - Shareholders' equity attributable to the parent company increased by 3.21% to ¥14,793,810,554.51 from ¥14,333,835,467.03[6] - The company's equity attributable to shareholders rose to RMB 14.79 billion from RMB 14.33 billion, an increase of approximately 3.23%[15] - The company reported an increase in retained earnings to RMB 6.58 billion from RMB 6.12 billion, reflecting a growth of approximately 7.61%[15] Cash Flow - The net cash flow from operating activities was -¥92,909,093.29, an improvement from -¥1,027,636,427.21 in the previous year[5] - Cash and cash equivalents at the end of Q1 2025 totaled ¥18,911,157,316.43, up from ¥17,083,318,237.85 at the end of Q1 2024[21] - The company generated cash inflows from financing activities of ¥1,928,047,052.05 in Q1 2025, compared to ¥2,795,000,000.00 in Q1 2024[21] Operating Costs - The total operating costs for Q1 2025 were ¥4,637,440,194.91, a decrease from ¥679,498,442.69 in Q1 2024[17] - The company's cash and cash equivalents increased to RMB 19.03 billion from RMB 17.84 billion, representing a growth of approximately 6.66%[13]

Core Viewpoint - The company reported a revenue of 6.959 billion yuan for 2024, with a net asset value of 14.334 billion yuan, and has distributed a total cash dividend of 4.341 billion yuan since its listing [2] Group 1: Financial Performance - In 2024, the company achieved a total signed sales amount of 5.816 billion yuan, with a significant increase in the fourth quarter, reaching 2.057 billion yuan, representing a year-on-year growth of 35.91% [4] - The company maintained a net cash flow from operating activities of 2.353 billion yuan for the year, with a cash balance of 17.844 billion yuan at the end of 2024 [7] - The average interest rate on interest-bearing liabilities decreased from 4.34% to 3.87%, indicating improved financing conditions [7] Group 2: Strategic Initiatives - The company is focusing on enhancing its core business while expanding into urban living services and urban agriculture, aiming to create new growth points [5] - The urban agriculture segment achieved a revenue of 320 million yuan in 2024, marking a 41.98% increase from the previous year [5] - The company has optimized its property management system, managing 296 projects with a total area of 25.5 million square meters, leading to significant revenue growth [6] Group 3: Quality and Delivery - The company has responded to national policies by improving product quality and accelerating project construction, emphasizing the importance of both quantity and quality in delivery [3] - The Guanghua Yajing project utilized advanced technologies such as green building and sponge city concepts, earning recognition with a second prize in the 2024 Shanghai Excellent Engineering Survey and Design Award [3] - The company successfully completed the delivery of the Xiqu and Dongqu sections of the Zhongqi Yun Cui Forest project ahead of schedule, with a total delivery area of 105,164.6 square meters [3]

证券代码：600675 股票简称：中华企业 编号：临 2025-010 中华企业股份有限公司 关于公司 2025 年度融资计划的公告 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。 根据公司生产经营情况、项目建设资金需求及未来投资发展需要，参照中 华企业股份有限公司（以下简称"公司"）2024 年度融资情况，公司于 2025 年 4 月 15 日召开第十一届董事会第五次会议，审议通过了关于公司 2025 年度融 资计划的议案，确定公司 2025 年度新增对外融资总额不超过 64 亿元人民币， 具体内容如下： 一、融资方式 包括但不限于综合授信、银行贷款、股权融资贷款；委托贷款、融资 租赁借款、小额贷款；发行公司债券、企业债券、中期票据、北京金融资 产交易所债权融资计划、非金融企业债务融资工具、保险资金债权投资计 划、资产证券化（包括但不限于 CMBS、类 REITS、供应链保理 ABS、其他 私募金融工具等方式）。 3、由公司控股股东提供信用担保或资产抵押、质押担保； 4、法律、法规允许的其他方式提供担保。 四、融资主体范围： ...

中华企业股份有限公司 内部控制审计报告 二〇二四年度 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://acc.mnf.gov.net 2019-04-24 1 c.mof.gov.cn) 报告编码:沪25 之信会计师事务所(特殊普通合伙) HINA SHU LUN PAN CERTIFIED PUBLIC ACCOUNTAN 内部控制审计报告 信会师报字[2025]第 ZA10891 号 中华企业股份有限公司全体股东: 按照《企业内部控制审计指引》及中国注册会计师执业准则的相 关要求,我们审计了中华企业股份有限公司(以下简称中华企业)2024 年 12月 31 日的财务报告内部控制的有效性。 一、 企业对内部控制的责任 按照《企业内部控制基本规范》、《企业内部控制应用指引》、《企 业内部控制评价指引》的规定,建立健全和有效实施内部控制,并评 价其有效性是中华企业董事会的责任。 二、 注册会计师的责任 我们的责任是在实施审计工作的基础上,对财务报告内部控制的 有效性发表审计意见,并对注意到的非财务报告内部控制的重大缺陷 进行披露。 三、内部控制的固有局限性 内部控制具有固有局限性,存在不 ...