Core Viewpoint - The establishment of Guangzhou Cultural and Sports Industry Development Group by the major shareholder of the company does not conflict with the company's operations and is aimed at enhancing the development of the cultural and sports industry in Guangzhou [1] Group 1: Company Structure and Operations - Guangzhou Cultural and Sports Industry Development Group is a wholly state-owned enterprise established by the major shareholder to fulfill government requirements for resource allocation and to accelerate the development of a strong sports city [1] - The company and its subsidiary, Guangzhou Zhujiang Sports Culture Development Co., Ltd., do not engage in direct competition; instead, their operations are complementary, which is beneficial for the long-term development of the listed company [1] - Guangzhou Cultural and Sports Group focuses on heavy asset investment and resource integration, while Zhujiang Sports Culture is oriented towards light asset operations and market activities [1] Group 2: Business Development and Compliance - As of now, Guangzhou Cultural and Sports Group has not commenced any actual business operations [1] - The major shareholder will continue to adhere to commitments made to avoid competition with the listed company, ensuring no significant adverse effects on the company or its shareholders [1] - There are currently no transactions between the company or Zhujiang Sports Culture and Guangzhou Cultural and Sports Group, and any future related transactions will follow legal and disclosure procedures [1]

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。 广州珠江发展集团股份有限公司（以下简称"公司"）于2025年10月29日召开第十一届董事会2025年第十 次会议、第十一届监事会2025年第六次会议，审议通过了《关于使用部分闲置募集资金进行现金管理的 议案》，同意公司使用额度不超过人民币2.2亿元的闲置募集资金进行现金管理，投资于安全性高、流 动性好、满足保本要求的投资产品，投资额度自董事会审议通过之日起12个月内有效。在上述投资额度 及期限范围内，资金可循环滚动使用。具体内容详见公司于2025年10月31日在上海证券交易所网站 （www.sse.com.cn）披露的《关于使用部分闲置募集资金进行现金管理的公告》（公告编号：2025- 069）。 证券代码：600684 证券简称：珠江股份 公告编号：2025-087 广州珠江发展集团股份有限公司 关于使用闲置募集资金进行现金管理部分到期赎回的公告 广州珠江发展集团股份有限公司董事会 2025年12月24日 二、截至2025年12月23日，公司最近12个月使用募集资金现金管理的情 ...

Core Viewpoint - The company has achieved revenue growth and a significant increase in net profit due to the appreciation of its A-share stock holdings, indicating a positive market trend and effective asset management [1][2]. Group 1: Financial Performance - As of Q3 2025, the company reported operating revenue of 1.169 billion yuan, a year-on-year increase of 3.3% [1]. - The net profit attributable to shareholders reached 36.695 million yuan, reflecting a substantial year-on-year increase of 112%, primarily driven by the rise in stock prices of its A-share holdings [1]. - The company sold stocks worth 56.574 million yuan, which is expected to contribute approximately 9.6146 million yuan to the total profit for 2025 [2]. Group 2: Business Expansion - The company continues to expand its property management business, managing a total of 428 projects with a signed construction area of approximately 50.9853 million square meters as of Q3 2025 [1]. - In Q3 2025, the company added three new sports venue projects, increasing its managed area by approximately 51,600 square meters [1]. - The company plans to utilize idle funds of up to 550 million yuan for purchasing financial products, aiming to enhance income without affecting normal operations [2]. Group 3: Investment Outlook - The company is projected to achieve revenues of 1.811 billion yuan, 2.106 billion yuan, and 2.462 billion yuan for 2025-2027, with year-on-year growth rates of 16.24%, 16.27%, and 16.91% respectively [3]. - The net profit attributable to shareholders is forecasted to be 42 million yuan, 59 million yuan, and 82 million yuan for the same period, with significant growth rates of 167.61%, 41.97%, and 38.37% [3]. - The company is compared to peers in the real estate development sector, with a projected PE ratio of 101.16 for 2025, indicating a favorable valuation compared to its peers [3].

证券代码：600684 证券简称：珠江股份 公告编号：2025-087 广州珠江发展集团股份有限公司 关于使用闲置募集资金进行现金管理部分到期赎回 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。 广州珠江发展集团股份有限公司（以下简称"公司"）于 2025 年 10 月 29 日召开第十一届董事会2025年第十次会议、第十一届监事会2025年第六次会议， 审议通过了《关于使用部分闲置募集资金进行现金管理的议案》，同意公司使用 额度不超过人民币 2.2 亿元的闲置募集资金进行现金管理，投资于安全性高、流 动性好、满足保本要求的投资产品，投资额度自董事会审议通过之日起 12 个月 内有效。在上述投资额度及期限范围内，资金可循环滚动使用。具体内容详见公 司于 2025 年 10 月 31 日在上海证券交易所网站（www.sse.com.cn）披露的《关 于使用部分闲置募集资金进行现金管理的公告》（公告编号：2025-069）。 一、本次使用部分闲置募集资金进行现金管理到期赎回的情况 注：1."最近一年净资产（%）""最近一年 ...

证券之星消息，12月23日房地产服务板块较上一交易日下跌2.34%，珠江股份领跌。当日上证指数报收 于3919.98，上涨0.07%。深证成指报收于13368.99，上涨0.27%。房地产服务板块个股涨跌见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 从资金流向上来看，当日房地产服务板块主力资金净流出2.37亿元，游资资金净流入6236.4万元，散户 资金净流入1.75亿元。房地产服务板块个股资金流向见下表： ...

Core Insights - The total market capitalization of 63 listed property companies reached 267.416 billion yuan, reflecting a significant increase of approximately 238.234 billion yuan, with a growth rate of 816.37% [1] Market Performance Summary - Among the 63 property companies, 57 maintained stable market values, accounting for 90% of the total [1] - Four companies experienced an increase in market value, totaling an increase of 13.641 billion yuan [1] - Two companies saw a decline in market value [1] Top Gainers - The company with the highest market capitalization increase was Zhongtian Service, which rose by 35.82%, adding 644 million yuan to its total market value of 2.443 billion yuan [1] - The top ten companies by market capitalization increase include Zhongtian Service, Zhujiang Co., New Dazheng, China Merchants Jiyu, Tefa Service, Nandu Property, Runhua Service, Lingyue Service Group, Suxin Service, and Likao Health Life [1] Top Losers - The company with the largest market capitalization decline was Country Garden Services, which reported a 0% decline, resulting in a total market value of 19.024 billion yuan [1] - The top ten companies by market capitalization decline include Country Garden Services, Greentown Services, Color Life, China Overseas Property, Yalife Service, Poly Property, Zhongao Home, Qifu Life Services, Pujiang China, and Xingye Wulian [1]

从资金流向上来看，当日房地产服务板块主力资金净流出1.4亿元，游资资金净流出2689.02万元，散户 资金净流入1.67亿元。房地产服务板块个股资金流向见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 证券之星消息，12月22日房地产服务板块较上一交易日上涨0.02%，珠江股份领涨。当日上证指数报收 于3917.36，上涨0.69%。深证成指报收于13332.73，上涨1.47%。房地产服务板块个股涨跌见下表： ...

广东板块短线拉升，珠江钢琴、红棉股份、珠江股份、*ST建艺（维权）、普路通等多股涨停，佛塑科 技、顺控发展、天银机电、ST岭南（维权）、风华高科、方正科技等跟涨。 广东板块短线拉升，珠江钢琴、红棉股份、珠江股份、*ST建艺（维权）、普路通等多股涨停，佛塑科 技、顺控发展、天银机电、ST岭南（维权）、风华高科、方正科技等跟涨。 ...

A股广东板块局部异动，珠江股份直线拉升涨超7%，珠江钢琴涨超5%。 ...

Core Viewpoint - The announcement from Zhujiang Co. indicates that its subsidiary, Jining Cultural and Sports Industry Bank, has had its basic account frozen for 620,000 yuan, which represents 0.13% of the company's latest audited net assets attributable to shareholders and 0.12% of its latest audited cash and cash equivalents [2] Summary by Categories - **Financial Impact** - The frozen amount of 620,000 yuan is equivalent to 0.13% of the company's most recent audited net assets [2] - This amount also constitutes 0.12% of the company's latest audited cash and cash equivalents [2]