Core Viewpoint - Bright Realty reported a decline in revenue and a significant reduction in net loss for the first nine months of 2025, indicating ongoing challenges in the real estate sector [1] Financial Performance - For the period of January to September, Bright Realty achieved an operating income of 3.81 billion, representing a year-on-year decrease of 1.28% [1] - The company recorded a net loss of 693 million, which is a year-on-year reduction of 84.37% [1]

光明房地产集团股份有限公司 关于召开2025年第二次临时股东会的通知 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。 证券代码：600708 证券简称：光明地产 公告编号：临 2025-064 2025年第二次临时股东会 (二)股东会召集人：董事会 (三)投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合的方 式 (四)现场会议召开的日期、时间和地点 召开的日期时间：2025 年 11 月 14 日 13 点 30 分 召开地点：上海市徐汇区漕溪北路 595 号 A 座五楼会议中心多功能厅 重要内容提示： 一、 召开会议的基本情况 (五)网络投票的系统、起止日期和投票时间。 (一)股东会类型和届次 网络投票起止时间：自2025 年 11 月 14 日 至2025 年 11 月 14 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9:15-9:25，9:30-11:30，13:00-15:00；通过 互联网投票平台的投票时间为股东会召开当日的 9:15-15:0 ...

证券代码：600708 证券简称：光明地产 公告编号:临2025-060 光明房地产集团股份有限公司 第九届董事会第三十六次会议决议公告 具体内容详见 2025 年 10 月 30 日在《上海证券报》、《证券时报》及上海 1 证券交易所网站 www.sse.com.cn 披露的《2025 年第三季度报告》。 表决结果：同意 7 票，反对 0 票，弃权 0 票。 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个别及连带责任。 一、董事会会议召开情况 光明房地产集团股份有限公司（下称"公司"、"本公司"、"光明地产"） 第九届董事会第三十六次会议通知于 2025 年 10 月 21 日以电子邮件、电话通 知的方式发出，会议于 2025 年 10 月 28 日上午 10:00 在西藏北路 199 号光明 地产总部大厦 17 楼智能会议室以现场表决方式召开，应参加表决董事 7 人， 实际参加表决董事 7 人，公司高级管理人员列席了会议，会议由公司董事长陆 吉敏先生主持。本次会议的召集召开及程序符合《公司法》《证券法》及《公 司章程》的相关规定， ...

证券代码：600708 证券简称：光明地产 公告编号:临2025-062 具体内容详见 2025 年 10 月 30 日在《上海证券报》《证券时报》及 上海证券交易所网站 www.sse.com.cn 披露的（临 2025-063）。 表决结果：同意 6 票，反对 0 票，弃权 0 票。 光明房地产集团股份有限公司 第九届董事会第三十七次会议决议公告 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个别及连带责任。 一、董事会会议召开情况 光明房地产集团股份有限公司（下称"公司"、"本公司"、"光明地 产"）第九届董事会第三十七次会议通知于 2025 年 10 月 22 日以电子邮 件、电话通知的方式发出，会议于 2025 年 10 月 29 日下午 13:30 在西藏 北路 199 号光明地产总部大厦 17 楼智能会议室以现场表决方式召开，应 参加表决董事 6 人，实际参加表决董事 6 人，公司高级管理人员列席了 会议，会议由公司董事兼总裁郭强先生主持。本次会议的召集召开及程 序符合《公司法》《证券法》及《公司章程》的相关规定，会议合法 ...

Group 1 - The core point of the article highlights that Guangming Real Estate reported a revenue of approximately 3.81 billion yuan for the first three quarters of 2025, representing a year-on-year decrease of 1.28% [1] - The net profit attributable to shareholders of the listed company was a loss of approximately 693 million yuan, with a basic earnings per share loss of 0.3108 yuan [1] - As of the report, Guangming Real Estate has a market capitalization of 9 billion yuan [1] Group 2 - The article also mentions that the A-share market has surpassed 4000 points, indicating a significant market resurgence after a decade of stagnation, with technology leading the market's transformation [1]

Financial Performance - The company's operating revenue for Q3 2025 was CNY 1,001,820,274.74, representing a year-on-year increase of 24.77%[2] - The total profit for the period was a loss of CNY 323,786,731.65, which is a decrease of 23.65% compared to the same period last year[2] - The net profit attributable to shareholders was a loss of CNY 294,877,023.12, reflecting a decrease of 23.20% year-on-year[2] - The basic earnings per share for the year-to-date period was CNY -0.3108, a decrease of 84.34% year-on-year[2] - Net profit for the first three quarters of 2025 was a loss of CNY 730,666,797.06, compared to a loss of CNY 395,510,681.68 in the same period of 2024, representing an increase in loss of 84.7%[17] - The net profit for the first three quarters of 2025 was a loss of CNY 178,220,842.78, compared to a profit of CNY 218,465,174.90 in the same period of 2024, indicating a significant decline in profitability[25] Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY 181,877,272.53, an increase of 109.38%[2] - Net cash flow from operating activities for the reporting period was -117.15 million, indicating a decrease as inflows reduced more than outflows[5] - The net cash flow from operating activities for the first three quarters of 2025 is ¥1,305,685,058.91, compared to a negative cash flow of ¥175,290,729.87 in the same period of 2024, indicating a significant improvement[26] - Total cash inflow from operating activities is ¥5,724,733,998.51, while cash outflow is ¥4,419,048,939.60, resulting in a net cash inflow of ¥1,305,685,058.91[26] Assets and Liabilities - Total assets at the end of the reporting period were CNY 57,698,889,581.86, down 3.13% from the end of the previous year[2] - The company's total assets amounted to RMB 57.70 billion, a decrease from RMB 59.56 billion at the end of 2024[12] - The company's current liabilities totaled RMB 16.71 billion, down from RMB 20.47 billion at the end of 2024[13] - The company’s total liabilities amounted to CNY 48,150,229,726.63, a slight decrease from CNY 49,221,364,973.35 year-over-year[14] - The company’s total liabilities amounted to CNY 26,314,037,736.98, up from CNY 25,997,993,184.18, representing an increase of approximately 1.21%[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 33,824[8] - The largest shareholder, Bright Food (Group) Co., Ltd., holds 35.22% of the shares, totaling 784,975,129 shares[8] - The second-largest shareholder, Shanghai Metropolis Asset Management Co., Ltd., holds 16.07% of the shares, totaling 358,249,294 shares[8] Expenses - The company reported a significant increase in tax expenses, with a year-to-date increase of 139.63% due to rising land value-added tax[4] - The company experienced a 48.25% decrease in sales expenses year-to-date, primarily due to reduced advertising and promotional costs[4] - The company reported a significant increase in financial expenses, totaling CNY 497,483,482.18, compared to CNY 494,788,444.88 in the previous year[17] - The company incurred a credit impairment loss of CNY 78,104,804.87, which is an increase compared to CNY 25,810,173.11 in the previous year[24] - Cash paid for taxes increased significantly to ¥46,886,919.15 in 2025 from ¥21,254,985.84 in 2024, reflecting changes in tax obligations[26] Investment Activities - Cash received from investment income was -100.00 million for both the year-to-date and the reporting period, reflecting a decrease in investment income from joint ventures[5] - The company's cash flow from investing activities showed a net inflow of CNY 78,710,645.97, compared to CNY 277,963,547.62 in the previous period, indicating a decrease in investment activity[19] - The cash flow from investment activities shows a net inflow of ¥125,200,000.00, indicating potential divestitures or asset sales[27] Construction and Real Estate - The company completed construction of 417,800 square meters during the reporting period, with a signed area of 352,800 square meters and a signed amount of RMB 3.20 billion[11] - The company reported a total rental income of RMB 74.33 million for the first nine months of 2025, with a total leased area of 361,100 square meters[11] - The company reported a total of 0 square meters of new real estate reserves and new construction area during the reporting period[10] Financial Reporting - The company did not apply new accounting standards for the year 2025, maintaining consistency in financial reporting[28]

证券代码：600708 证券简称：光明地产 公告编号：临 2025-061 光明房地产集团股份有限公司 2025 年第三季度房地产业务主要经营数据公告 二、新开工面积 2025 年 1-9 月，公司新开工面积为 0 平方米，上年同期为 0 平方米， 同比无变化。权益新开工面积为 0 平方米，上年同期为 0 平方米，同比无 变化。 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个别及连带责任。 根据上海证券交易所《上市公司自律监管指引第 3 号—房地产》要求， 现将光明房地产集团股份有限公司（下称"公司"）2025 年第三季度房地 产业务主要经营数据公告如下： 一、新增房地产储备面积 2025 年 1-9 月，公司新增房地产储备面积为 0 平方米，上年同期为 3.12 万平方米，同比下降 100%。权益新增房地产储备面积为 0 平方米， 上年同期为 3.12 万平方米，同比下降 100%。 2025 年 7-9 月，公司新增房地产储备面积为 0 平方米，上年同期为 0 平方米，同比无变化。权益新增房地产储备面积为 0 平方米，上年同期为 ...

证券代码：600708 证券简称：光明地产 公告编号：临 2025-063 重要内容提示： 2025 年 10 月 29 日，光明房地产集团股份有限公司（下称"公司"）董事会收到公司 董事长陆吉敏先生的辞职申请，因达到法定退休年龄，陆吉敏先生请求辞去公司董事长、 董事、战略委员会主任委员的职务，辞职申请生效后，陆吉敏先生将不再担任公司任何 职务。截至本公告披露日，陆吉敏先生未持有公司股份，不存在应当履行而未履行的承 诺事项。 | | | | | | 是否继续在 | 是否存在 | | --- | --- | --- | --- | --- | --- | --- | | 姓名 | 离任职务 | 离任时间 | 原定任期 | 离任原因 | 上市公司及 | 未履行完 | | | | | 到期日 | | 其控股子公 | 毕的公开 | | | | | | | 司任职 | 承诺 | | 陆吉敏 | 董事长、董事、战 | 2025 年 10 | 2025 年 10 | 达到法定 | | | | | 略委员会主任委 | | | | 否 | 否 | | | | 月 29 日 | 月 25 日 | 退休年龄 | | | | | 员 ...

Core Viewpoint - The stock of Bright Real Estate has shown fluctuations in recent trading sessions, with a notable increase in price year-to-date, but a decline in the last five days, indicating potential volatility in the market [1][2]. Company Overview - Bright Real Estate Group Co., Ltd. is located at 199 Xizang North Road, Jing'an District, Shanghai, established on January 4, 1993, and listed on June 6, 1996. The company primarily engages in logistics and real estate development, with revenue composition as follows: 91.24% from real estate development, 6.96% from property and leasing, and 1.77% from other sources [1]. Financial Performance - For the first half of 2025, Bright Real Estate reported operating revenue of 2.808 billion yuan, a year-on-year decrease of 8.12%. The net profit attributable to shareholders was -398 million yuan, reflecting a significant decline of 4926.96% compared to the previous period [2]. - Cumulatively, the company has distributed 1.890 billion yuan in dividends since its A-share listing, with 33.4296 million yuan distributed over the last three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders for Bright Real Estate was 34,400, a decrease of 6.61% from the previous period. The average number of circulating shares per person increased by 7.08% to 64,635 shares [2]. - Among the top ten circulating shareholders, the Southern CSI Real Estate ETF ranked as the seventh largest with 14.2127 million shares, an increase of 267,300 shares from the previous period. Conversely, Hong Kong Central Clearing Limited, the eighth largest shareholder, reduced its holdings by 1.3281 million shares [3].

Core Viewpoint - The company, Guangming Real Estate, announced that it has no overdue guarantee amounts as of October 24 [2] Company Summary - Guangming Real Estate released an announcement confirming that there are no overdue guarantee amounts, indicating a stable financial position [2]