Investment Rating - The investment rating for the real estate industry is "Positive" (maintained) [4] Core Insights - The report highlights three major trends expected in 2026: 1) The adjustment in the real estate market is likely nearing its end, with current price adjustments being relatively sufficient compared to global averages [4] 2) There are structural opportunities for "good housing" as the market enters a phase of differentiation, with a focus on high-quality residential developments [4] 3) The recovery of the Hong Kong property market is anticipated to continue, driven by multiple favorable factors [4] Market Performance - The Shanghai Composite Index decreased by 0.7%, while the Shenzhen Component Index increased by 0.8%, and the ChiNext Index rose by 2.5% [5] - The real estate sector (Shenwan) saw a decline of 0.5% [5] - Notable stock performances included: - Top gainers: Jingtou Development (+25.0%), Tibet City Investment (+13.4%), *ST Sunshine (+9.3%) [5] - Top losers: Caixin Development (-8.6%), *ST Rong Control (-8.2%), Tefa Service (-6.5%) [5] Data Tracking New Housing Transactions - For the week of March 7-13, 2026, 42 key cities recorded a total new housing transaction of 1.89 million square meters, a 28.6% increase from the previous week [14] - Year-to-date, new housing transactions have decreased by 32.2% compared to the same period last year [19] Second-Hand Housing Transactions - For the same week, 21 key cities recorded a total second-hand housing transaction of 2.20 million square meters, a 19.2% increase from the previous week [30] - Year-to-date, second-hand housing transactions have decreased by 8.7% compared to the same period last year [34] Industry News - The Ministry of Natural Resources and the National Forestry and Grassland Administration issued a notice requiring the establishment of a mechanism linking new land use with the revitalization of existing land [45] - In Shanghai, the personal housing property tax threshold was adjusted to 92,536 yuan per square meter, marking the first decrease since 2018 [45] - Various cities are implementing policies to optimize housing conditions for talent and adjust housing fund policies [45] Company Announcements - Zhangjiang Hi-Tech reported a revenue of 4.19 billion yuan for 2025, a year-on-year increase of 111.2% [49] - China Resources Land achieved a sales amount of 10.05 billion yuan in February 2026, a year-on-year decrease of 25.6% [49] - New City Holdings issued bonds totaling 355 million USD with an interest rate of 11.8%, maturing in 2029 [49]

记者丨张敏 编辑丨吴抒颖 曾静娇 朱益民 3月15日晚间，京投发展发布公告称，拟将持有的房地产开发业务相关资产及负债，转让至母公司北京市基础 设施投资有限公司（以下简称"京投公司"）。 该交易拟采用现金支付，不影响公司的股权结构，不会导致公司控股股东发生变更。 公开信息显示，京投公司为北京市国资委直属企业，持有京投发展40%的股份，为后者大股东。京投发展以 房地产开发、经营及租赁为主业，聚焦TOD轨道物业开发，项目主要集中在北京，亦在江苏无锡有布局。 京投发展 并未在公告中指出剥离房地产业务的原因 ，但近年来，公司业绩表现不佳是事实。2023年至2025 年，京投发展连续三年亏损。 受该消息影响，京投发展的股票于3月11日、3月12日、3月13日连续三个交易日大幅上涨。3月16日，京投发 展涨停，收于9.64元。 今年以来，京投发展累计涨超125%。 连续亏损 京投发展的前身宁波华联集团股份有限公司成立于1992年9月，次年10月在上交所挂牌上市。本世纪初，公 司名称先后变更为银泰控股、京投银泰。 2009年3月，京投银泰非公开发行2.1亿股A股股票，此次发行完成后，京投公司持有29.81%的股份，成为第 一 ...

证券代码：600683 证券简称：京投发展 公告编号：临2026-016 京投发展股份有限公司 股票交易风险提示公告 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。 重要提示： ● 公司股票于 2026 年 3 月 11 日、3 月 12 日、3 月 13 日连续三个交易日内 日收盘价格涨幅偏离值累计超过 20%，根据《上海证券交易所交易规则》的有关 规定，属于股票交易异常波动。公司于 2026 年 3 月 16 日披露了《京投发展股份 有限公司关于股票交易异常波动的公告》（临 2026-014）。2026 年 3 月 16 日，公 司当日股票价格以涨停价收盘，短期上涨幅度较大，敬请广大投资者注意交易风 险，理性决策，审慎投资。 ● 公司主营业务、生产经营情况以及经营业绩与前期披露的信息相比未发 生重大变化。公司预计 2025 年年度实现归属于母公司所有者的净利润为 -123,000 万元至-102,500 万元。 ● 经公司自查，截至本公告披露日，除公司已披露的筹划重大资产出售暨 关联交易事项（以下简称"本事项"）外，确认不 ...

京投发展（600683）最新公告。 3月15日，京投发展（600683）发布公告称，拟将持有的房地产开发业务相关资产及负债转让至控股股东北京市基础设施投资有限公司（以下简 称"京投公司"）。根据初步研究和测算，本次筹划重大资产出售暨关联交易事项（以下简称"本事项"）预计构成《上市公司重大资产重组管理办 法》规定的重大资产重组，同时构成关联交易。 京投发展表示，本事项拟采用现金支付方式，不涉及发行股份，不影响公司的股权结构，不会因此导致公司控股股东发生变更。 京投发展称，公司目前的主营业务为房地产开发。通过本事项，公司将持有的房地产开发业务相关资产及负债转让至公司控股股东京投公司。本 事项完成之后，公司将不再从事房地产开发业务。如能顺利完成，公司营业收入、总资产规模将有所下降，预计将改善公司资产负债率，优化资 产结构。 证券时报各平台所有原创内容，未经书面授权，任何单位及个人不得转载。我社保留追 究相关 行 为主体法律责任的权利。 转载与合作可联系证券时报小助理，微信ID：SecuritiesTimes 屏幕下方点个赞， 天天抓牛股！ 值得注意的是，上周五（3月13日），京投发展盘中直线拉升涨停，收盘报8.76 ...

证券代码：600683 证券简称：京投发展 公告编号：临2026-015 京投发展股份有限公司 关于筹划重大资产出售暨关联交易的提示性公告 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： 京投发展股份有限公司（以下简称"公司"）拟将持有的房地产开发业务相 关资产及负债转让至北京市基础设施投资有限公司（以下简称"京投公司"）。 本次筹划重大资产出售暨关联交易事项（以下简称"本事项"）拟采用现金 支付方式，不涉及发行股份，不影响公司的股权结构，不会因此导致公司控股股 东发生变更。 根据初步研究和测算，本事项预计构成《上市公司重大资产重组管理办法》 规定的重大资产重组。 本事项的交易对方为公司控股股东。根据《上海证券交易所股票上市规则》 等相关规定，本事项构成关联交易。 本事项尚处于筹划阶段，交易方案仍需进一步论证和沟通协商，尚需履行必 要的内外部相关决策、审批程序。公司尚未与交易对方就本事项签署意向协议。 本事项尚存在重大不确定性，根据《上海证券交易所上市公司自律监管指引 第4号——停复牌》的相关规定，公司股票不停 ...

Meeting Overview - The shareholder meeting was held on February 26, 2026, at the Yintai Center, Beijing [1] - The meeting was presided over by Chairman Kong Lingyang, utilizing a combination of on-site and online voting methods [1] Attendance and Participation - All 9 current directors attended the meeting, along with the company secretary and other senior management [2] - The voting process complied with the Company Law and the company's articles of association [1][2] Resolutions Passed - The following proposals were approved during the meeting: 1. Proposal for the company to meet the conditions for a private placement of corporate bonds to professional investors [2] 2. Proposal for the issuance of corporate bonds to professional investors [2] 3. Authorization for the board and authorized personnel to handle matters related to the private placement of corporate bonds [2] 4. Proposal for the registration and issuance of non-financial corporate debt financing instruments [3] 5. Authorization for the board and authorized personnel to manage the registration and issuance of non-financial corporate debt financing instruments [3] 6. Proposal for the company to apply for guarantees and provide counter-guarantees related to transactions with Beijing Infrastructure Investment Co., Ltd. [3] Voting Results - All six proposals were approved, with the sixth proposal requiring a special resolution that received over two-thirds of the valid voting rights [3] - The related shareholder, Beijing Infrastructure Investment Co., Ltd., abstained from voting on the sixth proposal [3] Legal Verification - The meeting was witnessed by Beijing Zhonglun Law Firm, confirming that the meeting's procedures complied with relevant laws and regulations [4] - The legal opinion stated that the meeting's convening, attendance, and voting processes were all valid and effective [4]

Group 1 - The company held its second extraordinary general meeting of shareholders on February 26, 2026, at the Yintai Center in Beijing [2] - The meeting was presided over by the chairman, Mr. Kong Lingyang, and utilized a combination of on-site and online voting methods, complying with relevant laws and regulations [2][3] - All nine current directors and the company secretary attended the meeting, along with other senior management [3] Group 2 - Six resolutions were reviewed and approved during the meeting, including the issuance of corporate bonds to professional investors and the authorization for the board to handle related matters [4][5] - A special resolution regarding a guarantee and counter-guarantee transaction with Beijing Infrastructure Investment Co., Ltd. was also passed, with the related shareholder abstaining from voting [5][6] - The legal counsel confirmed that the meeting's procedures and voting results were in compliance with applicable laws and regulations [7][8]

证券代码：600683 证券简称：京投发展 公告编号：临 2026-013 京投发展股份有限公司 2026年第二次临时股东会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 251 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 415,338,177 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 56.0678 | (四) 表决方式是否符合《公司法》及《公司章程》的规定，会议主持情况等。 本次股东会采用现场投票和网络投票相结合的表决方式，符合《公司法》和 《公司章程》的有关规定，会议由董事长孔令洋先生主持。 (一) 股东会召开的时间：2026 年 2 月 26 日 (二) 股东会召开的地点：北京市朝阳区建国门外大街 2 号银泰中心 C 座 17 层会议室 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份 ...

北京市中伦律师事务所 关于京投发展股份有限公司 2026 年第二次临时股东会的法 律意见书 北京 • 上海 • 深圳 • 广州 • 武汉 • 成都 • 重庆 • 青岛 • 杭州 • 南京 • 海口 • 东京 • 香港 • 伦敦 • 纽约 • 洛杉矶 • 旧金山 • 阿拉木图 Beijing • Shanghai • Shenzhen • Guangzhou • Wuhan • Chengdu • Chongqing • Qingdao • Hangzhou • Nanjing • Haikou • Tokyo • Hong Kong • London • New York • Los Angeles • San Francisco • Almaty 北京市中伦律师事务所 关于京投发展股份有限公司 2026 年第二次临时股东会 的法律意见书 致：京投发展股份有限公司 根据《中华人民共和国公司法》（以下简称"《公司法》"）《中华人民共和国证券法》 《中华人民共和国律师法》《上市公司股东会规则》（以下简称"《股东会规则》"）《上 海证券交易所上市公司自律监管指引第 1 号——规范运作》（以下简称"《自律监管指 引》 ...

Investment Rating - The industry rating is optimistic, expecting overall returns to exceed the CSI 300 Index by more than 5% in the next six months [10]. Core Insights - The real estate sector is experiencing a positive market trend, with the Shanghai Composite Index and Shenzhen Composite Index rising by 0.87% and 1.23% respectively on February 24, 2026. The Shenwan Real Estate Index also increased by 0.28% [3]. - A recent land auction in Yiwu saw a small residential plot sold at a total price of 116 million yuan, with a premium rate of 22.14%. The plot covers an area of 4,120.58 square meters and has a planned construction area of 10,301.45 square meters [5]. - The top five performing stocks in the real estate sector included Phoenix Holdings, Jingneng Real Estate, Ningbo Fuda, Hefei Urban Construction, and Beijing Investment Development, with respective increases of 9.63%, 8.37%, 6.44%, 6.17%, and 5.96% [4]. Market Trends - The Guangzhou Housing and Urban-Rural Development Bureau, along with six other departments, is conducting a two-month campaign to regulate real estate media, aiming to reduce false advertising and malicious speculation [6][7]. - Shenzhen Overseas Chinese Town Holdings has initiated a non-public offering of corporate bonds, with a scale of 2.5 billion yuan, which has been accepted for review [8].