第十二届监事会第八次会议决议公告 本公司监事会及全体监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。 公司第十二届监事会第八次会议于 2025 年 8 月 12 日以电子邮件形式发出通 知，同年 8 月 22 日以现场结合通讯表决方式在公司会议室召开。会议应出席监 事 3 名，亲自出席的监事 3 名。会议符合《公司法》、公司《章程》及《监事会 议事规则》的有关规定。会议由公司监事会主席黄林祥先生主持，审议并通过下 列决议： 京投发展股份有限公司监事会 证券代码：600683 证券简称：京投发展 公告编号：临2025-069 2025 年 8 月 22 日 京投发展股份有限公司 一、以 3 票同意、0 票反对、0 票弃权的表决结果审议通过《关于<2025 年 半年度报告及摘要>的议案》。经审核，公司监事会认为：2025 年半年度报告的 编制和审议程序符合法律、法规、公司《章程》和公司内部管理制度的规定；2025 年半年度报告的内容和格式符合中国证监会和证券交易所的规定，所包含的信息 能真实地反映出公司报告期内经营管理和财务状况等事项；2025 年半 ...

本议案已经公司董事会审计委员会审议通过，并同意提交公司董事会审议。 二、以 9 票同意、0 票反对、0 票弃权的表决结果审议通过《关于修订<京投 发展股份有限公司贯彻落实"三重一大"决策制度的实施办法>的议案》。 特此公告。 证券代码：600683 证券简称：京投发展 公告编号：临2025-068 京投发展股份有限公司 第十二届董事会第十四次会议决议公告 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。 公司第十二届董事会第十四次会议于2025年8月12日以电子邮件形式发出通 知，同年8月22日以现场结合通讯表决方式在公司会议室召开。会议应出席董事9 名，亲自出席的董事9名。监事会成员和公司高管列席了会议。会议符合《公司 法》、公司《章程》和《董事会议事规则》的相关规定。会议由公司董事长孔令 洋先生主持，审议并通过下列决议： 一、以 9 票同意、0 票反对、0 票弃权的表决结果审议通过《关于<2025 年 半年度报告及摘要>的议案》。 详见刊登在上海证券交易所网站（www.sse.com.cn）上的《京投发展股份有 限公司 20 ...

Financial Performance - The company's operating revenue for the first half of 2025 was approximately ¥413.41 million, a decrease of 26.92% compared to ¥565.70 million in the same period last year[21]. - The total profit for the period was a loss of approximately ¥375.40 million, compared to a loss of ¥224.29 million in the previous year, indicating a worsening financial performance[21]. - The net profit attributable to shareholders was approximately ¥263.81 million, a significant increase in losses compared to ¥142.63 million in the same period last year[21]. - The basic earnings per share for the period was -¥0.51, compared to -¥0.41 in the same period last year[22]. - The weighted average return on net assets was -166.52%, a significant decline from -18.16% in the previous year[22]. - The company reported a net loss of CNY 375,397,832.99 for the first half of 2025, compared to a net loss of CNY 224,290,421.80 in the first half of 2024[138]. - The company’s net profit for the first half of 2025 was -74,704,713.66 RMB, compared to a net profit of 68,311,698.97 RMB in the same period of 2024, indicating a significant decline[141]. - The company reported a total comprehensive income loss of 77,473,606.39 RMB for the current period, compared to a loss of 25,917,016.82 RMB in the previous period, indicating a significant decline in performance[156][157]. Cash Flow - The net cash flow from operating activities was approximately ¥353.44 million, a substantial improvement from a negative cash flow of approximately ¥7.95 billion in the previous year[21]. - The company reported a significant decrease in cash and cash equivalents net increase, which was -¥1,395,170,417.29 in 2025 compared to -¥8,171,898,915.34 in 2024, showing an improvement of approximately 83.0%[145]. - The net cash flow from operating activities was ¥353,443,365.66, a significant improvement compared to a net outflow of ¥7,945,409,120.83 in the same period of 2024[144]. - The net cash flow from investing activities improved to ¥1,676,714.71 in 2025, compared to a net outflow of ¥109,995,599.74 in 2024[145]. - The net cash flow from financing activities was negative at -¥1,750,290,497.66 in 2025, compared to -¥116,494,194.77 in 2024[145]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥59.83 billion, a slight decrease of 0.73% from ¥60.27 billion at the end of the previous year[21]. - Total liabilities increased by 1.26 billion yuan to 54.18 billion yuan, with contract liabilities making up 14.67% of total liabilities[37]. - The asset-liability ratio stood at 90.54%, an increase of 2.74 percentage points from the beginning of the period, reflecting a high level of leverage[37]. - The company holds a total of 4.35 billion yuan in inventory, primarily consisting of properties in the Beijing area, indicating good asset quality[37]. - Total current assets decreased to 48,377,123,736.00 RMB from 54,535,934,444.87 RMB[131]. - Total non-current assets increased to 11,456,920,286.33 RMB from 5,735,547,117.85 RMB[132]. - Total liabilities increased to 54,175,732,581.07 RMB from 52,915,965,485.24 RMB[133]. Market and Project Development - The real estate market in the first half of 2025 showed signs of stabilization, with policies aimed at supporting reasonable housing demand and increasing the supply of affordable housing[29]. - In the first half of 2025, the national real estate development investment reached 466.58 billion yuan, with residential investment accounting for 357.70 billion yuan[30]. - The company has developed over 5 million square meters of TOD rail property projects since 2011, focusing on user-centered development and enhancing core competitiveness[31]. - The company achieved a total contracted sales of 1.916 billion yuan and cash receipts of 1.992 billion yuan, with a completed area of 77,000 square meters[32]. - The "北京公园悦府" project is progressing well, with commercial and office buildings nearing completion and merchants beginning renovations[35]. Financial Management and Risks - The main reason for the decrease in net profit was the lack of large-scale project deliveries, leading to a decline in revenue recognition, along with increased financial expenses due to higher interest costs[23]. - The company faces significant policy risks in the real estate sector, necessitating timely responses to regulatory changes to mitigate potential impacts[67]. - Financial risks are critical due to the capital-intensive nature of the real estate industry, requiring effective cash flow management and innovative financing strategies[69]. - The company has implemented cost control measures effectively, leading to a reduction in expenses while optimizing its organizational management[31]. Shareholder Information - The total number of ordinary shareholders as of the reporting period end was 28,255[106]. - The largest shareholder, Beijing Infrastructure Investment Co., Ltd., held 40.00% of the shares, totaling 296,310,991 shares[108]. - The second-largest shareholder, Cheng Shaoliang, held 15.78% of the shares, totaling 116,912,036 shares[108]. - The company did not experience any changes in its share capital structure during the reporting period[105]. Corporate Governance and Compliance - The company has established a governance structure including a shareholder meeting, board of directors, and supervisory board[160]. - The financial statements are prepared based on the assumption of going concern, with management confident in the ability to meet debt obligations in the next 12 months[162]. - The company has not faced any violations of laws or regulations during the reporting period[124]. Accounting Policies - The company’s accounting policies include specific provisions for bad debts, depreciation of fixed assets, and revenue recognition[163]. - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired, measured at cost less accumulated impairment[172]. - The company measures expected credit losses for financial assets classified as amortized cost and those measured at fair value with changes recognized in other comprehensive income[188].

Group 1 - The forum themed "City Upward, Fengtai Towards 'New'" focused on the high-quality development of the 2025 Beijing Garden City Ecological Cultural Residential Area, with a joint initiative launched by Jingtou Development Senyu and Tiancai Jinmao·Guanchen projects [1] - The Vice President of Beijing Real Estate Association, Chen Zhi, highlighted the significant progress of the Beijing Southern Action Plan, indicating a shift in development focus towards the southern region of Beijing [1] - The marketing director of Jingtou Development Senyu emphasized the advantages of the Nanyuan Xinguang area, including industrial support, convenient transportation, and ecological benefits from the Nanyuan Forest Wetland Park [1] Group 2 - The marketing head of Tiancai Jinmao·Guanchen noted the area's livability advantages and the cultural resonance derived from the exploration of local cultural elements [1] - Jingtou Development Senyu aims to create a low-density residential community with a forest-themed label, featuring a 1.04 plot ratio, approximately 140,000 square meters of green space, and high-quality club facilities [1] - Tiancai Jinmao·Guanchen is positioned as a landmark project that integrates local landscape elements and traditional aesthetics, showcasing a luxurious lifestyle with features like a grand entrance and dual clubhouses [2] Group 3 - Both projects, Senyu and Guanchen, are set to reach new milestones in the next two months, including the opening of clubhouses and the launch of new products [3]

Core Viewpoint - The company successfully issued the first phase of medium-term notes for the year 2025 on August 15 [2] Group 1 - The announcement was made by the company on the evening of August 15 [2] - The issuance is part of the company's financing strategy for the upcoming fiscal year [2]

证券代码：600683 证券简称：京投发展 公告编号：临 2025-067 京投发展股份有限公司 关于中期票据发行结果的公告 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。 京投发展股份有限公司（以下简称"公司"）于 2024 年 8 月 5 日、2024 年 8 月 21 日，分别召开第十二届董事会第三次会议、2024 年第四次临时股东会 审议通过了《关于申请注册和发行非金融企业债务融资工具的议案》《关于提请 股东会授权公司董事会及董事会授权人士全权办理非金融企业债务融资工具注 册发行相关事宜的议案》。内容详见公司于 2024 年 8 月 6 日刊登在上海证券交易 所网站（www.sse.com.cn）、《中国证券报》《上海证券报》《证券时报》《证券日 报》上的《关于申请注册和发行非金融企业债务融资工具的公告》（临 2024-050）。 近日，公司成功发行 2025 年度第一期中期票据，具体发行结果如下： 1 | 簿记管理人 | 中信建投证券股份有限公司 | | --- | --- | | 主承销商 | 中信建投证券股份有限 ...

Group 1 - The real estate sector showed strong performance at the beginning of the trading session, with notable stocks such as Xinda Real Estate and Quzhou Development hitting the daily limit up [1] - Other companies that experienced gains include Wantong Development, Everbright Jiabao, Jindi Group, Te Fa Service, Jingtou Development, and Financial Street [1]

Core Points - The signing of the operation agreement for the Xiong'an New Area to Beijing Daxing International Airport Express Line marks a significant step towards integrated operation and high-quality development of urban rail transit in the Beijing-Tianjin-Hebei region [1][2] - The Xiong'an Express Line is a crucial part of the rail transit network in Xiong'an New Area, aimed at alleviating non-capital functions of Beijing and enhancing connectivity with key areas in Beijing [1][2] Group 1 - The Xiong'an Express Line will achieve direct access to Daxing International Airport in half an hour and to the Lize Business District in one hour, significantly improving the capacity to accommodate functions relocated from the capital [1] - The integration of the Xiong'an Express Line with the Daxing Airport Line will enhance the efficiency of interconnectivity and passenger experience between the two regions, laying a solid foundation for urban integration [2] Group 2 - The collaboration breaks through administrative barriers and establishes a pioneering model for cross-regional public service cooperation, providing a demonstration for deeper and broader collaboration in the Beijing-Tianjin-Hebei region and nationwide [2] - The two rail transit companies will focus on long-term strategic partnerships and collaborative innovation to accelerate the development of a cohesive rail network in the Beijing-Tianjin-Hebei area [2]

Investment Rating - The report maintains an "Accumulate" rating for the real estate industry [6] Core Insights - In the first seven months of 2025, the transaction area of new residential properties in the core 30 cities decreased by 7% year-on-year, while the transaction area of second-hand residential properties in 15 cities increased by 10% [1][3] - The average transaction price of new residential properties in the core 30 cities increased by 3.5% year-on-year in the first seven months of 2025 [2] - The report anticipates that with the continued implementation of real estate policies, high-energy core cities will benefit from urban renewal, leading to structural optimization and gradual stabilization of the market [4][81] Summary by Sections New Housing Market - In July 2025, the transaction area of new residential properties in the core 30 cities was 919 million square meters, down 19.4% year-on-year and 24.7% month-on-month [1] - The average transaction price for new residential properties in July 2025 was 24,361 yuan per square meter, a slight increase of 0.1% year-on-year but a decrease of 5.0% month-on-month [2] - For the first seven months of 2025, the average transaction price was 24,898 yuan per square meter, reflecting a year-on-year increase of 3.5% [2] Second-Hand Housing Market - In July 2025, the transaction area of second-hand residential properties in the core 15 cities was 1,290 million square meters, down 5.8% year-on-year [3] - The average transaction price for second-hand residential properties in July 2025 was 22,924 yuan per square meter, down 5.3% year-on-year [72] - For the first seven months of 2025, the average transaction price was 24,091 yuan per square meter, showing a slight decrease of 0.3% year-on-year [4] Investment Recommendations - The report suggests focusing on three main lines for investment: 1. Stable leading companies with high product reputation and continuous sales ranking improvement, such as China Overseas Development and Poly Developments [4][82] 2. Companies with rich stock resources and strong operational brand competitiveness, like China Resources Land and Shanghai Lingang [4][82] 3. Long-term growth potential in the property service industry, recommending companies like China Merchants Shekou and Greentown Service [4][82]

从学历来看，以本科为主，占比达到60%；其次是硕士，达到34%。专科占比仅为4.6 %。 专题：专题|2024年度A股CFO数据报告：美的集团钟铮年薪946万，比亚迪周亚琳896万 作为上市公司核心管理层关键成员，财务总监CFO的地位与作用至关重要。新浪财经《2024年度A股CFO数据报告》显示，2024年A股上市公司财务总监CFO群体薪酬规模合计达42.70亿元，平 分行业来看，A股市场66家房地产行业上市公司财务总监薪酬均值为103.15万元（数据来源于choice，截止2024年末任期不满1年的不参与统计，CFO包括部分公司总会计师等），远超市场均 从年龄分布来看，50（含）岁以上是主力人群，人数达到34位，占比达到52%；其次是40（含）-50岁，占比达到29%；30（含）-40的CFO占比仅为4.5%。 去年有29家公司的财务总监在降薪，降薪金额最大的是华发股份罗彬，从442万降至225.7万元。其次是保利发展王一夫。排第三的是*ST阳光（维权）常立铭，降薪79.11万元至110.65万元 值得一提的是，去年有36家房地产公司陷入亏损，占比达到55%。万科亏损最严重，达到494.78亿元，财务总监韩 ...