9月26日，珠江实业集团旗下珠江商管同步启动两大创新项目——自营社区餐饮品牌"幸福后安粉"首店及首个写字楼运营生态星动空间正式对外开放。 作为首个将海南省级非遗后安粉技艺引入广州社区的餐饮项目，"幸福后安粉"让广州市民在家门口就能体验海南风味；而同日开放的"星动空间"则创新打造 越秀区首个超甲级写字楼"运动+社交+文化"复合生态，为高端写字楼注入新动力。从传统物业出租到自营品牌运营，珠江商管正探索存量资产增值与客户 需求满足的双赢路径。 "幸福后安粉"首店的开业，不仅将海南万宁传承数百年的非遗美食带入广州社区，更成为珠江实业集团深耕海南30年的生动注脚。 据《万宁志》记载，后安粉技艺可追溯至宋代，以猪骨浓汤和手工石磨米浆为特色，是海南四大名粉之一。 珠江实业集团自1992年进军海南以来，先后开发三亚珠江花园酒店、南田温泉度假区等标杆项目，积累了深厚的文旅运营经验。此次通过自营品牌将海南非 遗与广州社区需求结合，有效盘活了社区闲置空间，让"食在广州"的烟火气更添文化厚度。 作为响应"健康中国"国家战略的生动样本，"星动空间"将减重管理与办公场景深度融合，通过智能体测设备和多元运动器械，帮助白领实现"碎片化运动+ ...

证券代码：600684 证券简称：珠江股份 公告编号：2025-061 广州珠江发展集团股份有限公司2025年第一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 (一)股东会召开的时间：2025年9月26日 (二)股东会召开的地点：广州市越秀区环市东路371-375号世贸中心大厦南塔11楼第一会议室 (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情况： ■ (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次会议由公司董事会召集，董事长李超佐先生主持，会议采用现场投票和网络投票相结合的方式召 开。会议的召集和召开程序、表决方式符合《公司法》《证券法》和《公司章程》等法律、法规及规范 性文件的相关规定。 (五)公司董事、监事和董事会秘书的出席情况 1、公司在任董事8人，出席3人，非独立董事伍松涛、郭宏伟、刘爱明因公务未能出席，独立董事陈 琳、邓世豹因公务未能出席； 2、公司在任监事5人，出席5人； ...

法律意见书 广州市天河区珠江东路 32 号利通广场 29 层 邮编：510623 29/F, Lea Top Plaza, 32#Zhujiang East Road, Tianhe District, Guangzhou, 510623 电话/TEL：(8620) 37392666 传真/FAX：(8620) 37392826 网址/WEB：www.kangdalawyers.com 北京 西安 深圳 海口 上海 广州 杭州 沈阳 南京 天津 菏泽 成都 苏州 呼和浩特 香港 武汉 郑州 长沙 厦门 重庆 合肥 宁波 北京市康达（广州）律师事务所 北京市康达（广州）律师事务所（下称"本所"）接受广州珠江发展集团股 份有限公司（下称"珠江股份"或"公司"）委托，指派律师出席公司 2025 年 第一次临时股东会。根据《中华人民共和国公司法》（下称"《公司法》"）、 《中华人民共和国证券法》（下称"《证券法》"）、《上市公司股东会规则》 （下称"《股东会规则》"）等法律、法规、规范性文件以及《广州珠江发展集 团股份有限公司章程》（下称"珠江股份《公司章程》"）的规定，本所律师对 本次股东会的召集、召开程序、出席会 ...

证券代码：600684 证券简称：珠江股份 公告编号：2025-061 广州珠江发展集团股份有限公司 2025年第一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 (一)股东会召开的时间：2025 年 9 月 26 日 (二)股东会召开的地点：广州市越秀区环市东路 371-375 号世贸中心大厦南塔 11 楼第一会议室 (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情况： | 1、出席会议的股东和代理人人数 | 344 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 358,542,284 | | 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 | 42.0104 | | 份总数的比例（%） | | 本次会议由公司董事会召集，董事长李超佐先生主持，会议采用现场投票和 网络投票相结合的方式召开。会议的召集和召开程序、表决方式符合《公司法》 《证券法》和《公司章程》等法律、法规及 ...

| 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 000560 | 我爱我家 | -1546.34万 | 5.00% | -368.41万 | -1.19% | -1177.93万 | -3.81% | | 300917 | 特发服务 | 1262.28万 | 4.10% | 690.89万 | 2.24% | -1953.17万 | -6.34% | | 002285 | 世联行 | 1068.32万 | 9.17% | -289.96万 | -2.49% | -778.35万 | -6.68% | | 600684 珠江股份 | | 463.25万 | 3.49% | -231.66万 | -1.75% | -231.60万 | -1.75% | | 001914 招商积余 | | 80.39万 | 1.17% | -928.94万 | -13.47% | 848.55万 | 12.30% | | 600724 ...

9月24日，珠江股份盘中上涨2.05%，截至09:54，报5.98元/股，成交3983.58万元，换手率0.79%，总市 值51.04亿元。 珠江股份所属申万行业为：房地产-房地产服务-房地产综合服务。所属概念板块包括：土壤修复、融资 融券、QFII持股、低价、体育产业等。 截至6月30日，珠江股份股东户数3.56万，较上期增加10.00%；人均流通股24001股，较上期减少 9.09%。2025年1月-6月，珠江股份实现营业收入7.43亿元，同比增长12.01%；归母净利润1947.82万元， 同比增长412.36%。 分红方面，珠江股份A股上市后累计派现6.21亿元。近三年，累计派现0.00元。 机构持仓方面，截止2025年6月30日，珠江股份十大流通股东中，南方中证房地产ETF发起联接A （004642）位居第四大流通股东，持股763.16万股，相比上期增加11.78万股。金鹰核心资源混合A （210009）位居第九大流通股东，持股377.00万股，为新进股东。 责任编辑：小浪快报 资金流向方面，主力资金净流入93.33万元，特大单买入130.53万元，占比3.28%，卖出0.00元，占比 0.00%； ...

Core Viewpoint - The phenomenon of A-share listed companies transferring assets for 1 yuan has garnered significant market attention, indicating strategic decisions rather than mere loss transactions [1][2][3] Group 1: Asset Transfer Dynamics - Many companies are engaging in "clearance-style" transfers, relinquishing control of assets that often have negative net worth and poor operational performance [1][2] - The low-priced asset transfers are often accompanied by debt transfer arrangements, effectively shifting liabilities along with the equity [1][5] - Companies like *ST Nan Zhi and ST Yi Gou are using these transactions as a strategy to exit non-core areas and mitigate losses [2][8] Group 2: Strategic Adjustments - The majority of the assets being transferred are in the real estate sector, which has been a significant burden on company performance due to ongoing losses [2][3] - By divesting from real estate, companies aim to pivot towards lighter asset business models, enhancing operational efficiency and profitability [2][3] Group 3: Financial Implications - The transfer of assets at 1 yuan often indicates the presence of substantial debts, with the receiving party assuming these liabilities [5][6] - For instance, ST Yi Gou's subsidiaries had significant negative equity, highlighting the financial distress associated with these assets [6][7] Group 4: Market Perception and Risks - While these transactions can improve financial metrics in the short term, they may also lead to negative market perceptions regarding the company's fundamentals and asset quality [7][8] - The practice of low-priced asset transfers can raise concerns about potential regulatory scrutiny and investor trust issues [7][8] Group 5: Long-term Considerations - Although divesting unprofitable assets can temporarily enhance financial statements, it may also result in reduced business scale and profitability sources in the long run [8][9] - Companies are encouraged to focus on building a competitive business structure and sustainable profit models to navigate the challenges of transformation [9]

Core Viewpoint - The recent surge in A-share market has attracted numerous investors, with listed companies increasingly engaging in securities investments, utilizing significant idle funds to capitalize on market opportunities [1][2]. Group 1: Company Investments - At least 8 companies have invested over 1 billion yuan in securities or fund management activities this year, with Liou Co. leading at 3 billion yuan, followed by Fangda Carbon and Seven Wolves at 2.4 billion yuan and 2 billion yuan respectively [1]. - Seven Wolves reported a net profit of 160 million yuan in the first half of 2025, with 130 million yuan derived from stock investments, despite its main apparel business generating only 30 million yuan [2]. - Liou Co. achieved a net profit of 478 million yuan in the first half of 2025, largely due to gains from its investment in Li Auto, which increased its market value significantly since its initial investment of 350 million yuan in 2016 [3]. Group 2: Market Performance - As of September 10, the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index have risen by 11.33%, 21.00%, and 36.71% respectively, with the Shanghai Composite Index surpassing the significant 3,800-point mark [1]. - Jin Feng Investment, a subsidiary of Jin Feng Technology, has been actively reducing its holdings in the rapidly appreciating stock of Shangwei New Materials, with estimated cash proceeds exceeding 100 million yuan from recent sales [4]. Group 3: Financial Strategies - Companies like Jiangsu Guotai have announced plans to utilize idle funds for financial management and securities investments, with a total planned investment of 12 billion yuan, although they faced criticism from investors leading to a cancellation of part of the plan [6][7]. - Jilin Aodong reported a net profit of 1.28 billion yuan in the first half of 2025, significantly exceeding its revenue of 1.13 billion yuan, primarily due to substantial financial asset investments [5]. - Companies are increasingly using idle funds for securities investments as a strategy to supplement their financial performance when core business growth is stagnant, reflecting a common practice in the current market environment [14].

Core Viewpoint - The company is actively optimizing its asset structure and focusing on urban services and cultural sports operations, aiming to enhance its growth potential through strategic asset disposals and leveraging upcoming sports events like the National Games [2][3][4]. Group 1: Asset Disposal and Capital Structure - The company plans to sell a total of 8.686 million shares of Yibai Pharmaceutical, 970,600 shares of Aorui De, 7,716 shares of China Ping An, and 4.7122 million shares of Erkang Pharmaceutical, with a minimum total sale price of 46.9487 million yuan [2]. - The company intends to publicly transfer 41% equity of Guangdong Yihua Real Estate Development Co., Ltd. at a base price of 1 yuan and transfer debt assets to its controlling shareholder for 334 million yuan [2][3]. - These asset disposals are aimed at revitalizing existing assets, optimizing the capital structure, and reducing the company's debt ratio [3]. Group 2: Focus on Urban Services and Cultural Sports Operations - The company is committed to deepening its presence in the Guangdong-Hong Kong-Macao Greater Bay Area while expanding into economically vibrant cities in the Yangtze River Delta, Sichuan-Chongqing urban agglomeration, Central China, and Northern China [3]. - As a leading state-owned enterprise in sports venue operations, the company has signed contracts for 31 sports venue projects, including 25 large-scale venues, which will positively impact revenue by 2025 [4]. - The company is leveraging the National Games to explore sports consumption demand and aims to become a top cultural and sports industry developer in China [4][5]. Group 3: Policy Alignment and Future Growth - The company is well-positioned to expand its operations in line with government policies aimed at enhancing the sports industry, with a target to exceed 7 trillion yuan in total scale by 2030 [4]. - The company's initiatives in digital sports platforms, AI training systems, and event-consumer integration align with the government's advocacy for smart sports and cultural integration [5]. - Future growth will be driven by the synergy between urban services and cultural sports operations, focusing on tapping into public sports consumption needs [5].

Market Overview - On September 19, the real estate service sector rose by 0.34% compared to the previous trading day, with TeFa Service leading the gains [1] - The Shanghai Composite Index closed at 3820.09, down 0.3%, while the Shenzhen Component Index closed at 13070.86, down 0.04% [1] Stock Performance - TeFa Service (300917) closed at 47.35, up 3.02% with a trading volume of 117,800 shares and a transaction value of 5.47 billion [1] - Other notable stocks include: - China Merchants Jin Yu (001914) closed at 11.90, up 1.71% [1] - Pearl River Shares (600684) closed at 6.28, up 0.80% [1] - I Love My Home (000560) closed at 3.10, up 0.32% [1] - NanDu Property (603506) closed at 14.24, down 0.21% [1] - Ningbo Fuda (600724) closed at 4.94, down 0.60% [1] - World Union (002285) closed at 2.55, down 1.16% [1] - Zhongtian Service (002188) closed at 5.62, down 1.40% [1] - ST Ming Cheng (600136) closed at 1.87, down 1.58% [1] - Huangting International (000056) closed at 2.88, down 4.64% [1] Capital Flow - The real estate service sector experienced a net outflow of 70.44 million from institutional investors and 19.52 million from retail investors, while retail investors saw a net inflow of 89.96 million [1] - Detailed capital flow for selected stocks includes: - I Love My Home (000560) saw a net inflow of 8.13 million from institutional investors [2] - World Union (002285) had a net inflow of 3.23 million from retail investors [2] - ST Ming Cheng (600136) experienced a significant net outflow of 6.51 million from institutional investors [2] - Huangting International (000056) had a net inflow of 29.70 million from retail investors despite a net outflow from institutional and speculative investors [2]