Core Viewpoint - The company, Zhonghua Enterprises, successfully acquired 100% equity of Shanghai Xin Feng An Enterprise Development Co., Ltd. through its wholly-owned subsidiary, Shanghai Lan Zuan Real Estate Co., Ltd., in partnership with Cheng Jia Development Group's subsidiary, Shanghai Xin Qi Hong Chuang Real Estate Co., Ltd. [1] Group 1 - The total transaction price for the acquisition was approximately RMB 298.72 million [1] - Shanghai Lan Zuan Real Estate Co., Ltd. holds a 70% stake in the acquired company, while Shanghai Xin Qi Hong Chuang Real Estate Co., Ltd. holds a 30% stake [1] - The investment aligns with the company's strategic development layout and overall operational needs, enhancing its project reserves [1]

中金中证1000指数增强发起A（017733）基金经理为耿帅军、王阳峰。 9月23日，中华企业跌5.07%，截至发稿，报2.81元/股，成交1.46亿元，换手率0.84%，总市值169.90亿 元。中华企业股价已经连续4天下跌，区间累计跌幅8.64%。 资料显示，中华企业股份有限公司位于上海市浦东新区浦明路1388号5-7楼，成立日期1993年10月5日， 上市日期1993年9月24日，公司主营业务涉及侨汇房、商品房设计、建造、买卖、租赁及调剂业务,各类 商品住宅的配套服务;房屋装修及维修业务;建筑材料经营。主营业务收入构成为：房地产业91.31%，物 业管理6.17%，商业2.26%，其他(补充)0.26%。 从基金十大重仓股角度 数据显示，中金基金旗下1只基金重仓中华企业。中金中证1000指数增强发起A（017733）二季度持有 股数18.64万股，占基金净值比例为0.74%，位居第四大重仓股。根据测算，今日浮亏损失约2.8万元。 连续4天下跌期间浮亏损失5.22万元。 中金中证1000指数增强发起A（017733）成立日期2023年3月14日，最新规模4392.89万。今年以来收益 31.58%，同类排 ...

Core Viewpoint - The company, Zhonghua Enterprises, has experienced fluctuations in its stock price and significant growth in revenue and net profit for the first half of 2025, indicating a strong performance in the real estate sector [1][2]. Group 1: Stock Performance - On September 19, Zhonghua Enterprises' stock price fell by 2.24% to 3.05 CNY per share, with a trading volume of 74.45 million CNY and a turnover rate of 0.40%, resulting in a total market capitalization of 18.441 billion CNY [1]. - Year-to-date, the stock price has increased by 8.54%, but it has decreased by 4.39% over the last five trading days [1]. - The company has a net inflow of 2.1151 million CNY from main funds, with significant buying and selling activity from large orders [1]. Group 2: Financial Performance - For the first half of 2025, Zhonghua Enterprises reported a revenue of 6.679 billion CNY, representing a year-on-year growth of 526.09%, and a net profit attributable to shareholders of 521 million CNY, which is a 248.09% increase compared to the previous year [2]. - The company has distributed a total of 4.341 billion CNY in dividends since its A-share listing, with 181 million CNY distributed over the last three years [3]. Group 3: Shareholder Information - As of June 30, 2025, the number of shareholders for Zhonghua Enterprises decreased by 4.59% to 56,900, while the average number of circulating shares per person increased by 4.81% to 106,333 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 31.2888 million shares, an increase of 8.315 million shares from the previous period [3].

Core Insights - The company reported a total operating revenue of 6.679 billion yuan, ranking 9th among disclosed peers, with a year-on-year increase of 5.612 billion yuan, representing a 526.09% growth compared to the same period last year [1] - The net profit attributable to shareholders was 521 million yuan, ranking 7th among disclosed peers, with an increase of 873 million yuan from the same period last year [1] - The company experienced a net cash inflow from operating activities of -28.1336 million yuan, which is an increase of 478.9 million yuan compared to the same period last year, marking two consecutive years of growth [1] Financial Ratios - The latest debt-to-asset ratio is 66.54%, a decrease of 0.83 percentage points from the previous quarter and a decrease of 3.79 percentage points from the same period last year [1] - The latest gross profit margin is 32.79%, ranking 16th among disclosed peers, with an increase of 7.95 percentage points from the same period last year [1] - The latest return on equity (ROE) is 3.51%, ranking 7th among disclosed peers, with an increase of 5.97 percentage points from the same period last year [1] Earnings Per Share - The diluted earnings per share is 0.09 yuan, ranking 17th among disclosed peers, with an increase of 0.15 yuan from the same period last year [1] Asset Turnover - The latest total asset turnover ratio is 0.12 times, ranking 5th among disclosed peers, with an increase of 0.10 times from the same period last year, representing a 562.30% increase [2] - The latest inventory turnover ratio is 0.20 times, ranking 13th among disclosed peers, with an increase of 0.17 times from the same period last year, representing a 568.47% increase [2]

Group 1 - The company reported a significant increase in revenue, achieving 6.679 billion yuan in the first half of 2025, representing a year-on-year growth of 526.09% [1] - The net profit for the first half of 2025 was 521 million yuan, marking a turnaround from losses in the previous year [1] - The growth in revenue was attributed to an increase in products that met the conditions for revenue recognition [1] Group 2 - The company implemented a strategy to revitalize its existing assets, leading to accelerated value release [1] - New signed area increased by 35% year-on-year, with successful partnerships established with leading financial institutions and chip industry leaders [1] - The company adopted a combination strategy of "space transformation + scene display + policy-driven" to accelerate the disposal of difficult residential units and parking spaces, creating a replicable standardized template [1] Group 3 - The company is focusing on developing its urban living service sector while nurturing new growth points [2] - The property management segment expanded to a management scale of 25.31 million square meters, with 22 new projects added [2] - In the agriculture sector, the company is optimizing its supply chain and group meal operations, leading to stable gross margin growth [2] Group 4 - Looking ahead, the company plans to enhance the delivery of new homes, increase the revitalization of existing assets, and improve operational efficiency across multiple business segments [2] - The company aims to continuously optimize its capital structure to inject sustained momentum into its stable operations [2]

Core Insights - The company reported a significant increase in revenue and profit for the first half of 2025, indicating strong financial performance [1] Financial Performance - The company achieved an operating revenue of 6.679 billion yuan, representing a year-on-year growth of 526.09% [1] - The net profit attributable to shareholders reached 521 million yuan, with a year-on-year increase of 248.09% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 496 million yuan, reflecting a year-on-year growth of 235.83% [1]

证券代码：600675 股票简称：中华企业 编号：临 2025--027 中华企业股份有限公司第十一届董事会第八次会议决议公告 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"）第十一届董事会第八次会议 于 2025 年 8 月 27 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 年半年度报告及摘要 公司 2025 年半年度报告已经公司审计委员会审议通过。 表决结果：8 票赞成，0 票反对，0 票弃权。 具体内容详见上海证券交易所网站（www.sse.com.cn）。 表决结果：8 票赞成，0 票反对，0 票弃权。 本议案尚需提交公司股东大会审议。 具体内容详见上海证券交易所网站（www.sse.com.cn）。 1 三、关于修订及制定公司治理相关制度的议案 根据现行法律、法规及其他规范性文件的相关规定，结合公司实际情 况，拟制定、修订公司部 ...

Core Viewpoint - The company reported a significant increase in revenue and profit for the first half of 2025, driven by improved project deliveries and diversified business strategies [1][2]. Group 1: Financial Performance - In the first half of 2025, the company achieved a revenue of 6.679 billion yuan, representing a year-on-year increase of over 500% [1]. - The net profit attributable to shareholders was 521 million yuan, marking a turnaround from losses [1]. - The company successfully issued 1.52 billion yuan in corporate bonds at a record low interest rate of 1.88% [3]. Group 2: Project Delivery and Real Estate Development - The company completed the early delivery of the Yun Cui Forest East District project, achieving a 100% delivery rate for both single visit and overall deliveries [1]. - The company showcased its commitment to quality living through the successful preview of the Yu Pin Yin Hu Wan project, characterized by low density [1]. - The Yun Qi Chun Shen project was recognized for its modern design and high usable area, receiving the "Bai Yu Lan Quality Construction Project" award [2]. Group 3: Asset Management and Urban Services - The company implemented a "tenglong huan niao" strategy, resulting in a 35% year-on-year increase in newly signed area [2]. - The management scale of the company's property management segment reached 25.31 million square meters, with 22 new projects added [2]. - In the agriculture sector, the company expanded its client base, adding over ten new clients, and achieved a 100% renewal rate for existing clients [2]. Group 4: Financial Strategy - The company proactively repaid 1.56 billion yuan in operating property loans, reducing financial costs through controlled financing scale [3]. - The financing interest rate decreased by 105 basis points year-on-year due to the optimization of the debt structure [3]. - The company initiated a CMBS restructuring to secure low-cost, long-term funding [3].

中华企业股份有限公司 募集资金管理办法 第二条 本办法所称募集资金是指公司通过发行股票或者其他具有股权性质 的证券,向投资者募集并用于特定用途的资金，但不包括公司实施股权激励计划 募集的资金。本办法所称超募资金是指实际募集资金净额超过计划募集资金金额 的部分。 第三条 公司董事会应当持续关注募集资金存放、管理和使用情况，有效防 范投资风险，提高募集资金使用效益。 公司董事和高级管理人员应当勤勉尽责，确保公司募集资金安全，不得操控 公司擅自或变相改变募集资金用途。 第四条 公司控股股东、实际控制人及其他关联人不得占用公司募集资金， 不得利用公司募集资金投资项目（以下简称"募投项目"）获取不正当利益。 第五条 公司募集资金应当专款专用。公司使用募集资金应当符合国家产业 政策和相关法律法规，践行可持续发展理念，履行社会责任，原则上应当用于主 营业务，有利于增强公司竞争能力和创新能力。 中国证监会及上海证券交易所相关规则对公司发行股份、可转换公司债券购 买资产并募集配套资金用途另有规定的，从其规定。 （2025年8月修订） 第一章 总则 第一条 为加强、规范公司募集资金的存放、使用与管理, 提高资金使用 效率和效益, ...

第三条 公司对外担保实行统一管理，非经公司董事会或股东会审议批准，任何人 无权以公司名义签署对外担保的合同、协议或其他类似的法律文件。 第四条 公司董事和高级管理人员应审慎对待和严格控制对外担保产生的债务风 险，并对违规或失当的对外担保产生的损失依法承担连带责任。 中华企业股份有限公司 对外担保管理制度 (2025 年 8 月修订) 第一章 总则 第一条 为规范中华企业股份有限公司（以下简称"公司")的对外担保行为， 有效防范公司对外担保风险，确保公司资产安全，维护股东利益，根据《中华人民共 和国公司法》《中华人民共和国民法典》《上市公司监管指引第 8 号——上市公司资 金往来、对外担保的监管要求》《上海证券交易所股票上市规则》《上海证券交易所 上市公司自律监管指引第 1 号——规范运作》等法律、法规和规范性文件以及《中华 企业股份有限公司章程》（以下简称"《公司章程》"）的有关规定，结合公司的实 际情况，制定本制度。 第二条 本制度所称对外担保是指公司为他人提供的担保，包括公司对控股子公司 提供的担保。公司控股子公司或实际控制的其他主体的对外担保，视同公司行为，其 对外担保应执行本制度。担保形式包括保证、抵 ...