Core Viewpoint - Bright Real Estate has reported a significant shift from profit to loss, with an estimated net loss of approximately 360 million to 440 million yuan for the first half of 2025, compared to a net profit of 8 million yuan in the same period last year, marking a year-on-year decline of 536% to 636% [3][4]. Financial Performance - The net loss of Bright Real Estate is attributed to a decrease in the scale of its real estate development business and a decline in the gross profit margin of projects recognized during the reporting period [4]. - This marks the first time in four years that the company has reported a negative net profit for the first half of the year, with previous net profits recorded at 44 million, 9 million, 9 million, and 8 million yuan from 2021 to 2024 [4]. Business Strategy Adjustments - In response to the declining performance, Bright Real Estate is implementing strategic adjustments, including divesting subsidiaries involved in warehousing, logistics, and lifestyle services, and gradually exiting non-core regions such as Jiangsu and Zhejiang [4][6]. - The company plans to focus its new land reserves exclusively in Shanghai, with an estimated new land reserve area of approximately 31,200 square meters in 2024, down from 36,500 square meters in 2023 [7][8]. Land Acquisition and Investment Focus - Bright Real Estate has set a land investment budget of 6 billion yuan for both 2023 and 2024, emphasizing its commitment to deepening its investment in Shanghai [8]. - The company has successfully acquired land parcels in Shanghai, spending nearly 1.2 billion yuan on two plots in the Pudong New Area [8]. Asset Disposal and Mergers - Bright Real Estate is also optimizing its business structure by planning to transfer 100% equity and debt of its wholly-owned subsidiary, Haibo Supply Chain, for a total of 295 million yuan [8]. - The company is expected to generate a net profit of approximately 294 million yuan from the potential transfer of its subsidiaries, Haibo Siban and Bright Life Services [8]. Industry Trends - The real estate industry is witnessing an increase in mergers and acquisitions as companies face declining revenues and profits, with 81 transactions recorded in the first half of 2025, totaling approximately 29.1 billion yuan [9]. - The trend of asset disposal and focused residential business strategies is prevalent among leading real estate firms, with significant land acquisition in core cities [10].

证券之星消息，7月29日房地产开发板块较上一交易日上涨0.29%，光明地产领涨。当日上证指数报收 于3609.71，上涨0.33%。深证成指报收于11289.41，上涨0.64%。房地产开发板块个股涨跌见下表： 从资金流向上来看，当日房地产开发板块主力资金净流出6.79亿元，游资资金净流入1.37亿元，散户资 金净流入5.42亿元。房地产开发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。 | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 600708 | 光明地产 | 3.69 | 6.34% | 95.28万 | 3.54亿 | | 000736 | *ST中地 | 4.98 | 5.06% | 24.57万 | 1.20亿 | | 600657 | 信达地产 | 4.10 | 4.06% | 40.73万 | 1.63亿 | | 600622 | 光大嘉宝 | 3.23 | 2.54% | 1 ...

公司公告汇总 光明地产发布了关于对外担保的情况简报，主要内容如下：- 报告期为2025年6月1日至2025年6月30 日，对外担保总额为人民币254亿元。- 本报告期内发生对外担保金额约为人民币3.65亿元，不存在关联 担保和逾期担保。- 截至2025年6月30日，光明地产及其子公司对外担保总额为人民币98.08亿元，占公 司最近一期经审计净资产的99.74%。- 对资产负债率超过70%的单位提供担保金额为人民币77.84亿元， 占公司最近一期经审计净资产的79.17%。- 对合营、联营企业提供担保金额为1.53亿元，占公司最近一 期经审计净资产的1.55%。- 报告期内，公司为下属5家企业提供对外担保合计约为人民币3.65亿元，其 中对资产负债率高于（含）70%的3家企业提供对外担保金额约为人民币2.90亿元，对资产负债率低于 70%的2家企业提供对外担保金额为人民币0.75亿元。- 担保方式为连带责任保证，担保期限为1年至15 年不等。 截至2025年7月25日收盘，光明地产(600708)报收于3.53元，上涨3.82%，换手率2.25%，成交量50.16万 手，成交额1.76亿元。 当日关注点 交易信 ...

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： ●本报告期：2025 年 6 月 1 日-2025 年 6 月 30 日； ●对外担保总额：截止本公告日，光明房地产集团股份有限公司（下称 "公司"、"本公司"、"光明地产"、"上市公司"）对外担保事项， 均是由光明地产及其子公司为下属公司提供担保，主要用于新增借款及 借新还旧，公司 2024 年度担保总额度核定为人民币 254 亿元，期限至 下一年的年中审议公司下一年度对外担保额度的股东大会召开之日。 ●本报告期，公司发生对外担保金额：约为人民币 3.65 亿元； ●本报告期，公司发生对外担保是否存在关联担保：否； ●本报告期，公司发生对外担保是否存在反担保：本报告期内发生担保， 被担保人为光明地产全资子公司，无须提供反担保。被担保人为控股子 公司，均应承诺提供反担保或"同股同责"进行担保。 ●公司对外担保逾期的累计金额：无； 证券代码：600708 证券简称：光明地产 公告编号：临 2025-037 光明房地产集团股份有限公司 关于对外担保的情况简报 ●特别风 ...

Group 1 - The company held its 31st meeting of the 9th Board of Directors on July 17, 2025, with all 7 directors participating and the meeting being legally valid [2][3][22] - The Board unanimously approved the proposal to adjust the guarantee amounts between guarantors and guaranteed parties within the total guarantee limit for 2024 [2][12][22] - The adjustment of guarantee amounts does not require submission to the shareholders' meeting for approval [4][6][23] Group 2 - The total guarantee amount for 2024 is set at RMB 20 billion, primarily for 25 subsidiaries, aimed at new borrowings and refinancing [11][12] - The company adjusted the guarantee amounts for specific subsidiaries, reducing the guarantee for Yixing Hongli Dongfang Tourism Real Estate Development Co., Ltd. by RMB 500 million and increasing the guarantee for Nonggongshang Real Estate Group Shenyang (Shanghai) Co., Ltd. by RMB 500 million [12][13][14] - The adjustments are effective from the date of Board approval until the shareholders' meeting for the 2025 guarantee amount proposal [16][22] Group 3 - The company provides guarantees for 19 subsidiaries, with 13 having an asset-liability ratio of 70% or higher [17] - The company’s subsidiary, Nonggongshang Real Estate Group, provides guarantees for 7 of its subsidiaries, with 4 having an asset-liability ratio of 70% or higher [17][21] - The financial status of the guaranteed parties includes Shanghai Shenhong Cold Storage Co., Ltd. with total assets of RMB 1.76 billion and a liability ratio of 98.15%, and Nonggongshang Real Estate Group Shenyang with total assets of RMB 110.81 billion and a liability ratio of 117.12% [20][21]

Group 1 - The board of directors of Guangming Real Estate Group Co., Ltd. held its 31st meeting of the 9th session on July 17, 2025, via telecommunication voting, with all 7 participating directors present [1][2] - The meeting was legally valid and complied with relevant regulations, including the Company Law and Securities Law [1] - A resolution was unanimously passed to adjust the guarantee limits between certain guarantors and guaranteed parties within the total guarantee amount for the year 2024 [1] Group 2 - The resolution was previously reviewed and unanimously approved by the 30th meeting of the Audit Committee of the 9th Board of Directors [1] - The voting results showed 7 votes in favor, with no votes against or abstentions [2] - This resolution does not require submission to the shareholders' meeting for approval [2]

证券代码：600708 证券简称：光明地产 公告编号:临2025-036 光明房地产集团股份有限公司 关于在 2024 年度对外担保总额范围内 调整部分担保人与被担保人之间担保额度的公告 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个别及连带责任。 一、本次调整担保额度的依据 （鉴于审议光明地产年度对外担保额度的股东大会一般在每年年中召开，为了 有效衔接自然年度与股东大会之间的时间差异，在下一年审议公司年度对外担 保额度的股东大会未召开期间，发生的对外担保授权公司总裁机构在 2024 年 度总额度内核准），具体内容详见分别于 2024 年 6 月 12 日、2024 年 6 月 28 日刊登于《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 2024-032）、（临 2024-034）、（临 2024-043）。 （二）公司分别于 2024 年 11 月 20 日、2024 年 12 月 6 日召开第九届董 事会第二十四次会议、2024 年第二次临时股东大会, 审议通过了《关于为下 属子公司新 ...

证券代码：600708 证券简称：光明地产 公告编号:临2025-035 光明房地产集团股份有限公司 第九届董事会第三十一次会议决议公告 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"） 第九届董事会第三十一次会议通知于 2025 年 7 月 12 日以电子邮件、电话通知 的方式发出，会议于 2025 年 7 月 17 日下午 13:30 以通讯表决方式召开，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，会议合法有效。经本次会议审议讨论， 以记名投票方式审议一致通过了以下决议： 二、董事会会议审议情况 经本次会议审议讨论，以记名投票方式审议一致通过了以下决议： （一）审议通过《关于在 2024 年度对外担保总额范围内调整部分担保人 与被担保人之间担保额度的议案》 本议案在提交公司董事会审 ...

[I. Current Period Performance Forecast](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) The company forecasts a net loss for H1 2025, with attributable net profit between -440 million and -360 million RMB, a significant year-over-year decline - This performance forecast applies to a negative net profit, indicating the company expects a loss[3](index=3&type=chunk) Performance Forecast for H1 2025 | Indicator | Estimated Amount (RMB) | Notes | | :--- | :--- | :--- | | **Net Profit Attributable to Parent Company Shareholders** | -440 million to -360 million | Loss compared to the same period last year | | **Net Profit After Deducting Non-Recurring Gains and Losses** | -442 million to -362 million | Year-over-year decrease of 183.28% to 245.89% | - The data in this performance forecast has not been audited by a certified public accountant[4](index=4&type=chunk) [II. Operating Performance and Financial Status in the Same Period Last Year](index=1&type=section&id=II.%20Operating%20Performance%20and%20Financial%20Status%20in%20the%20Same%20Period%20Last%20Year) In H1 2024, the company reported a net profit attributable to parent company shareholders of **8.24 million RMB**, with non-recurring net profit at **-127.79 million RMB** Operating Performance and Financial Status for H1 2024 | Indicator | H1 2024 Amount (RMB) | | :--- | :--- | | Total Profit | 77.2581 million | | Net Profit Attributable to Parent Company Shareholders | 8.2411 million | | Net Profit After Deducting Non-Recurring Gains and Losses | -127.7873 million | | Earnings Per Share | 0.0037 | [III. Main Reasons for the Current Period's Forecasted Loss](index=2&type=section&id=III.%20Main%20Reasons%20for%20the%20Current%20Period's%20Forecasted%20Loss) The forecasted loss is primarily due to reduced real estate development scale and declining gross profit margins on projects, prompting the company to adjust strategies and accelerate sales - The core reasons for the loss are the reduced scale of real estate development business and the decline in gross profit margins of projects recognized during the reporting period[7](index=7&type=chunk) - The company faces an external environment characterized by significant changes in real estate market supply-demand, ongoing industry adjustments, and intensified market competition[7](index=7&type=chunk) - To address challenges, the company has adopted measures such as adjusting sales strategies, increasing marketing efforts, accelerating cash recovery, and strategically returning to the Shanghai market to ensure investment and financing balance[7](index=7&type=chunk) [IV. Risk Warning](index=2&type=section&id=IV.%20Risk%20Warning) The company emphasizes this performance forecast is based on preliminary estimates and is unaudited, with no material uncertainties affecting its accuracy - This performance forecast is a preliminary estimate and has not been audited by a certified public accountant[8](index=8&type=chunk) - The company believes there are no material uncertainties affecting the accuracy of this performance forecast[8](index=8&type=chunk) [V. Other Explanatory Matters](index=2&type=section&id=V.%20Other%20Explanatory%20Matters) The company reminds investors that final accurate financial data will be based on the officially disclosed 2025 semi-annual report, urging caution regarding investment risks - The forecast data is preliminary; the final accurate data will be based on the company's officially disclosed 2025 semi-annual report[9](index=9&type=chunk) - Investors are advised to be aware of investment risks[9](index=9&type=chunk)

证券代码：600708 证券简称：光明地产 公告编号：临 2025-033 光明房地产集团股份有限公司 关于对外担保的情况简报 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： ●本报告期：2025 年 5 月 1 日-2025 年 5 月 31 日； ●对外担保总额：截止本公告日，光明房地产集团股份有限公司（下称 "公司"、"本公司"、"光明地产"、"上市公司"）对外担保事项， 均是由光明地产及其子公司为下属公司提供担保，主要用于新增借款及 借新还旧，公司 2024 年度担保总额度核定为人民币 254 亿元，期限至 下一年的年中审议公司下一年度对外担保额度的股东大会召开之日。 ●本报告期，公司发生对外担保金额：约为人民币 0.68 亿元； ●本报告期，公司发生对外担保是否存在关联担保：否； ●本报告期，公司发生对外担保是否存在反担保：本报告期内发生担保， 被担保人为光明地产全资子公司，无须提供反担保。被担保人为控股子 公司，均应承诺提供反担保或"同股同责"进行担保。 ●公司对外担保逾期的累计金额：无； ●特别风 ...