Group 1 - The real estate sector experienced significant upward movement, with companies such as Rongsheng Development, Xiangjiang Holdings, and Huali Family reaching their daily price limit [1] - Other companies that saw gains include Wolong New Energy, Shoukai Co., Zhujiang Shares, Tiandi Source, and Haitai Development [1]

2025 年第一次临时股东会会议资料 广州珠江发展集团股份有限公司 2025 年第一次临时股东会 会议资料 2025 年 9 月 26 日 三、会议内容： 广州珠江发展集团股份有限公司 2025 年第一次临时股东会议程 会议时间：2025 年 9 月 26 日（星期五）下午 14:30 会议地点：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 会议主持人：李超佐董事长 会议议程： 一、主持人致辞并宣布股东到会情况。 二、主持人宣布会议工作人员（监票人、计票人）名单。 | | | 2025 年第一次临时股东会会议资料 议案一：《关于拟出售公司持有的股票资产的议案》 议案二：《关于拟公开挂牌转让参股公司股权的议案》 议案三：《关于非公开协议转让资产暨关联交易的议案》 议案四：《2025 年度财务预算报告》 四、与会股东及股东代理人提问及公司相关人员回答。 五、与会股东及股东代理人审议上述议题并进行现场投票表决。 六、监票人、计票人统计现场投票结果。 七、等待网络投票结果，会议休会。 八、复会，主持人根据投票结果宣读股东会决议。 九、见证律师宣读法律意见。 十、主持人宣布会议结束。 1 ...

证券代码：600684 证券简称：珠江股份 编号：2025-058 广州珠江发展集团股份有限公司 关于参加 2025 年广东辖区上市公司投资者 网上集体接待日暨公司 2025 年半年度 业绩说明会的公告 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。 重要内容提示： 广州珠江发展集团股份有限公司（以下简称"公司"）已于 2025 年 8 月 30 日发布公司《2025 年半年度报告》，为进一步加强与投资者的互动交流，公司 将参加由广东证监局、广东上市公司协会于 2025 年 9 月 19 日（星期五）下午 15:30-17:00 联合举办的 2025 年广东辖区上市公司投资者网上集体接待日暨公 司 2025 年半年度业绩说明会，就投资者关心的问题进行交流。 副董事长兼总经理：周星星先生 独立董事：石水平先生、陈琳女士、邓世豹先生 副总经理兼董事会秘书：陆伟华女士 一、说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2025 年半年度的经营 成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范 围内 ...

Market Overview - On September 15, the real estate service sector declined by 0.26%, with Ningbo Fuda leading the drop [1] - The Shanghai Composite Index closed at 3860.5, down 0.26%, while the Shenzhen Component Index closed at 13005.77, up 0.63% [1] Stock Performance - Notable gainers in the real estate service sector included: - Zhujiang Shares (600684) with a closing price of 5.88, up 1.55% [1] - Shilianhang (002285) at 2.65, up 1.53% [1] - Zhongtian Service (002188) at 5.91, up 1.20% [1] - Major decliners included: - Ningbo Fuda (600724) at 5.14, down 1.91% [1] - ST Mingcheng (600136) at 1.90, down 1.55% [1] - Zhaoshang Jiyu (001914) at 12.30, down 1.60% [1] Capital Flow - The real estate service sector experienced a net outflow of 140 million yuan from institutional investors, while retail investors saw a net inflow of 128 million yuan [1] - Detailed capital flow for selected stocks showed: - Zhongtian Service had a net inflow of 575.35 thousand yuan from institutional investors [2] - Ningbo Fuda faced a net outflow of 1,601.74 thousand yuan from institutional investors [2] - Zhujiang Shares had a net outflow of 750.96 thousand yuan from institutional investors [2]

Core Viewpoint - The company, Guangzhou Zhujiang Development Group Co., Ltd. (600684.SH), is planning to publicly transfer 41% equity of Guangdong Yihua Real Estate Development Co., Ltd. at a minimum price of 1 yuan to optimize its asset structure and resource allocation [1] Group 1: Equity Transfer - The transfer is due to Yihua Real Estate's failure to provide necessary documentation, leading to an inability to conduct audits and asset evaluations [1] - The book value of the investment in Yihua Real Estate has been impaired to 0, prompting the company to set a minimum transfer price of 1 yuan [1] - Yihua Real Estate has been listed as a dishonest executor by the Guangzhou Yuexiu District People's Court, indicating a risk of bankruptcy due to inability to repay debts [1] Group 2: Historical Debt and Legal Actions - In January 2018, the company acquired 41% equity in Yihua Real Estate and provided approximately 11.1326 billion yuan in debt investment, with a loan term from January 19, 2018, to January 18, 2021 [2] - The initial debt amount was not repaid by the due date, representing 34.63% of the company's audited net assets for 2019, leading to legal action against Yihua Real Estate [4] Group 3: Stock Asset Sale - On September 11, the company announced plans to sell stock assets to optimize its asset structure and focus on core business [5] - The company intends to sell shares in Guizhou Yibai Pharmaceutical Co., Ltd., Aorui De Optoelectronics Co., Ltd., China Ping An Insurance (Group) Co., Ltd., and Hunan Erkang Pharmaceutical Co., Ltd. [5] - The initial investment costs and book values for these stocks have been disclosed, indicating a strategic move to release asset value [5] Group 4: Financial Performance - As of June 30, 2025, the company reported revenue of 743 million yuan, a year-on-year increase of 12.01% [6] - The total profit reached 26.201 million yuan, a significant increase of 857.31% compared to the previous year [6] - The net profit attributable to shareholders was 19.4782 million yuan, marking a turnaround from losses [6] - However, the net profit after excluding non-recurring gains and losses dropped by 57.31% year-on-year [7] Group 5: Company Background - The company is a subsidiary of Zhujiang Industrial Group, focusing on urban operation services, including property services, cultural and sports operations, and hotel management [7] - Zhujiang Industrial Group, established in 1979, is a large state-owned enterprise in Guangzhou with total assets exceeding 130 billion yuan [7]

Core Viewpoint - Guangzhou Zhujiang Development Group Co., Ltd. plans to transfer 41% equity in Guangdong Yihua Real Estate Development Co., Ltd. at a base price of 1 yuan to optimize its asset structure and resource allocation [1][2]. Group 1: Asset Transfer Details - The transfer of Yihua's equity is due to the inability to obtain necessary financial documents, as Zhujiang is not the actual controller of Yihua [2]. - Yihua has been listed as a dishonest executor by the Guangzhou Yuexiu District People's Court, indicating potential bankruptcy risks due to inability to repay debts [3]. - Zhujiang's investment in Yihua includes a total of 11.1326 billion yuan in loans, which have not been repaid, leading to legal action against Yihua [5]. Group 2: Financial Performance - Zhujiang reported a significant increase in total profit by 857.31% in the first half of the year, despite a substantial decline in net profit after excluding non-recurring items [13][14]. - The company achieved a revenue of 743 million yuan, a year-on-year increase of 12.01%, while the net profit attributable to shareholders was 19.48 million yuan, marking a turnaround from losses [13]. - The decline in net profit after excluding non-recurring items was attributed to increased operating costs and a decrease in gross margin [14]. Group 3: Strategic Asset Management - Zhujiang plans to sell various financial assets, including shares in Yibai Pharmaceutical and other companies, to optimize its asset structure and enhance liquidity [8][12]. - The expected gains from the sale of these financial assets are projected to exceed 50% of the company's audited net profit for the last year [12].

南方中证房地产ETF发起联接A（004642）基金经理为罗文杰。 资料显示，广州珠江发展集团股份有限公司位于广东省广州市越秀区环市东路371-375号世界贸易中心 大厦南塔11楼，成立日期1992年12月23日，上市日期1993年10月28日，公司主营业务涉及房地产开发与 经营。主营业务收入构成为：物业服务72.40%，文体运营26.82%，物业出租0.77%，其他0.00%。 9月10日，珠江股份涨6.69%，截至发稿，报5.90元/股，成交2.88亿元，换手率5.94%，总市值50.35亿 元。珠江股份股价已经连续4天上涨，区间累计涨幅6.14%。 从珠江股份十大流通股东角度 数据显示，南方基金旗下1只基金位居珠江股份十大流通股东。南方中证房地产ETF发起联接A （004642）二季度增持11.78万股，持有股数763.16万股，占流通股的比例为0.89%。根据测算，今日浮 盈赚取约282.37万元。连续4天上涨期间浮盈赚取244.21万元。 南方中证房地产ETF发起联接A（004642）成立日期2017年8月24日，最新规模1.73亿。今年以来收益 4.16%，同类排名3950/4222；近一年收益31 ...

Core Viewpoint - Zhujiang Co., Ltd. is focusing on its core business by initiating multiple asset sales after a two-year restructuring process, aiming to optimize its asset structure and improve liquidity [1][3]. Group 1: Asset Sales - Zhujiang Co., Ltd. plans to sell shares in several companies, including 8.686 million shares of Yibai Pharmaceutical and 4.7122 million shares of Erkang Pharmaceutical, among others [1]. - The expected profit from these asset sales is projected to exceed 50% of the company's audited net profit for the last year after deducting costs and taxes [1]. - The company is also transferring debt assets worth 334 million yuan to its controlling shareholder, Zhujiang Industrial Group, as part of its strategic focus on core operations [3]. Group 2: Financial Performance - In 2024, Zhujiang Co., Ltd. reported a revenue of 1.558 billion yuan, a decrease of 52.38%, while net profit increased by 124.74% to 15.5744 million yuan [1]. - For the first half of 2025, the company achieved a revenue of 743 million yuan, a year-on-year increase of 12.02%, and net profit surged by 412.36% to 19.4782 million yuan [2]. - The company's non-recurring net profit for the first half of 2025 was 9.5033 million yuan, a decline of 57.31%, attributed to increased operating costs and a decrease in gross margin [2]. Group 3: Market Impact - The performance of Zhujiang Co., Ltd. has been significantly influenced by stock investment returns, with fluctuations in the A-share market affecting its financial results [2]. - As of June 30, 2025, the fair value of the company's stock investments was 54.4251 million yuan, with a fair value change gain of 5.2741 million yuan for the first half of 2025, contrasting with a loss of 29.4389 million yuan in the same period of 2024 [2][3].

Group 1: Equity Transfer of Guangdong Yihua Real Estate Development Co., Ltd. - Company plans to publicly transfer 41% equity stake in Guangdong Yihua Real Estate Development Co., Ltd. at a minimum price of 1 yuan due to asset structure optimization [1][3] - The investment in Yihua has been impaired to a book value of 0, leading to the decision to transfer the stake [3] - The transaction has been approved by the board and will require shareholder approval before proceeding with the public listing [3] Group 2: Sale of Stock Assets - Company intends to sell stock assets including shares of Yibai Pharmaceutical and others, expecting proceeds to exceed 50% of last year's net profit [4][5] - The sale includes 8,685,953 shares of Yibai Pharmaceutical, 970,605 shares of Aoride, and others, with a minimum expected revenue of 46,948,724.69 yuan [5] - The sale will occur between shareholder approval and December 31, 2025, using market-based pricing strategies [5] Group 3: Debt Asset Transfer to Controlling Shareholder - Company plans to transfer debt assets to its controlling shareholder's subsidiary for a price of 334 million yuan, constituting a related party transaction [6] - The transfer aligns with the company's strategic shift towards urban operation services and away from real estate development [6] - The market value of the debt asset is assessed at 334 million yuan, and the transfer price complies with legal regulations [6] Group 4: Market Performance - As of September 11, the company's stock price increased by 2.74% to 5.99 yuan per share, with a market capitalization of 5.112 billion yuan [7][8] - The trading volume reached 331 million yuan with a turnover rate of 6.52% [8]

Group 1 - Company Wuchan Jinyun plans to reduce its shareholding by up to 3%, amounting to a maximum of 6.24 million shares [1] - Company Hualing Steel's shareholder intends to increase its stake by 1% to 2%, acquiring between 6.91 million and 13.8 million shares [1] - Company Zhujiang Co. plans to sell multiple stock assets, potentially generating over 50% of its audited net profit from the previous year [1] Group 2 - Company Dash Smart's actual controller plans to reduce holdings by up to 1.52%, equating to 30.41 million shares [2] - Company Zhendian Medical's controlling shareholder intends to transfer 5% of its shares, totaling 13.32 million shares, at a price of 26.74 yuan per share [2] - Company Dajin Heavy Industry's subsidiary signed a contract worth approximately 1.25 billion yuan for offshore wind power foundations, representing about 33% of its projected revenue for 2024 [4] Group 3 - Company Andy Su received approval for a stock issuance to specific investors [5] - Company Shield Environment plans to invest approximately 5 billion yuan in a new smart manufacturing headquarters project [7] - Company Dongfang Guoxin intends to establish a joint venture with Shunyi Jin Kong with a registered capital of 300 million yuan [8] Group 4 - Company ST Lian Shi signed a pre-restructuring investment agreement with selected investors, with share prices set at 5.65 yuan and 6.73 yuan for different lock-up periods [9][10] - Company Langzi Co. plans to acquire 67.5% of Chongqing Time for 92.475 million yuan [11] - Company Yingli Co. intends to purchase 77.94% of Youte Li for 468 million yuan and raise up to 196 million yuan through a private placement [13] Group 5 - Company Betta Pharmaceuticals plans to issue H-shares and apply for listing on the Hong Kong Stock Exchange [14] - Company Hehua Co. intends to transfer control by selling 23.76% of its shares for 632 million yuan [16] - Company Jieshun Technology's shareholder plans to reduce holdings by up to 3%, totaling 1.92 million shares [18] Group 6 - Company Wuyang Zikong's controlling shareholder plans to transfer 15% of its shares, changing the controlling party [19] - Company Zhongliang Kegong plans to reduce its shareholding by up to 3%, amounting to 1.54 million shares [20] - Company Changhua Chemical intends to reduce its shareholding by up to 3%, totaling 417,420 shares [22]