Core Viewpoint - The company is initiating the Tianyi Plaza Urban Renewal Project, which is currently in the conceptual design phase and aims to enhance the commercial value and attractiveness of the Tianyi and Yishi business districts in Ningbo [2][4]. Group 1: Project Overview - The Tianyi Plaza Urban Renewal Project is in the conceptual design stage and will soon seek public opinion on the proposed plans [2]. - The project does not constitute a related party transaction or a major asset restructuring as defined by regulations [3]. - The total investment amount for the project is currently uncertain, and it requires completion of planning adjustments and feasibility studies before board approval [8]. Group 2: Company Background - Ningbo Fuda Co., Ltd. operates its commercial real estate business primarily through its wholly-owned subsidiary, Ningbo Urban Plaza Development Co., Ltd., with the core project being Tianyi Plaza, which has a total construction area of 220,000 square meters [3]. - As of September 30, 2025, the subsidiary reported total assets of 1.858 billion yuan, total liabilities of 264 million yuan, and net assets of 1.594 billion yuan, with a debt-to-asset ratio of 14.20% [3]. Group 3: Market Context - Ningbo aims to accelerate the construction of a modern coastal metropolis and enhance consumer upgrades, focusing on transforming commercial complexes into lifestyle centers [4]. - The Tianyi Plaza, operational for over 20 years, faces challenges in attracting new consumer demographics due to the rise of new commercial complexes and increasing maintenance costs [4]. Group 4: Project Objectives - The project aims to solidify the Tianyi and Yishi business districts as leading commercial complexes in Ningbo, enhance the city's commercial landmark image, and support the development of an international consumer center [4][5]. - The renovation will focus on improving commercial aesthetics, optimizing traffic flow, and creating a pleasant environment through green and cultural elements [5]. Group 5: Impact on the Company - The project will be executed in phases without interrupting ongoing operations, which will require enhanced management of tenant relations and customer flow during the renovation period [6]. - Long-term, the project is seen as a proactive response to market changes, enhancing the company's profitability and core competitiveness while increasing brand recognition [7].

关于全资子公司拟开展天一广场城市更新项目的提示性公告 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。 证券代码：600724 证券简称：宁波富达 公告编号：2026-004 宁波富达股份有限公司 重要内容提示： ●本次投资项目名称：天一广场城市更新项目。 ●本项目尚处于概念设计阶段，近日将向社会进行效果方案征求意见公示。本 项目在提交上市公司董事会审议前，还需完成控制性规划调整、可行性研究等事项。 本项目计划总投资额目前尚不确定。 ●本项目投资不构成关联交易，也不构成《上市公司重大资产重组管理办法》 规定的重大资产重组。 ●风险提示：本项目如遇国家或地方有关政策调整、未获政府部门审批等原因， 可能存在项目实施顺延、变更、中止或终止的风险。敬请广大投资者注意投资风险。 一、基本情况 宁波富达股份有限公司（以下简称"公司"）的商业地产业务以全资子公司宁 波城市广场开发经营有限公司（以下简称"广场公司"）为主体，核心项目为位于 宁波市海曙商贸核心区三江口城市中心的宁波天一广场，建筑面积 22 万平方米。广 场公司拥有天一广场统一产权 ...

Market Performance - On February 25, 2026, the equity market saw most sectors rise, with the Shanghai Composite Index and Shenzhen Composite Index increasing by 0.72% and 1.21% respectively, while the CSI 300 and CSI 500 rose by 0.60% and 1.60% respectively [1] Individual Stock Performance - The top five gainers in the real estate sector were Huangting International, I Love My Home, Hualian Holdings, City Investment Holdings, and Zhujiang Shares, with increases of 10.05%, 10.03%, 9.96%, 9.96%, and 6.77% respectively [2] - The largest decliners included Hefei Urban Construction, Sanxiang Impression, Ningbo Fuda, Jinqiao B Share, and Haitai Development, with declines of -5.33%, -1.52%, -1.13%, -0.53%, and -0.45% respectively [2] Industry News - On February 25, 2026, five departments in Shanghai announced a reduction in housing purchase restrictions, effective February 26, 2026. Non-Shanghai residents can now purchase homes in the outer ring with a social security or tax payment history of just 1 year, and those with 3 years can buy an additional property [3] - The maximum housing provident fund loan for first-time homebuyers has been increased from 1.6 million yuan to 2.4 million yuan. Additionally, families with multiple children can receive a 20% increase in the maximum loan amount for purchasing a second home [3] - From January 1, 2026, adult children of local residents purchasing their only home will be exempt from personal housing property tax [4] Company Announcements - China Overseas Macro Real Estate Group announced that the buyback registration period for "23 Hongyang 02" bonds is from March 2 to March 9, 2026, with the repayment date set for April 3, 2026 [6] - Poly Real Estate Group announced the early delisting of "23 Baozhi 01" bonds, with a total buyback amount of 1 billion yuan. The bonds will be canceled due to this buyback [6]

Investment Rating - The industry rating is optimistic, expecting overall returns to exceed the CSI 300 Index by more than 5% in the next six months [10]. Core Insights - The real estate sector is experiencing a positive market trend, with the Shanghai Composite Index and Shenzhen Composite Index rising by 0.87% and 1.23% respectively on February 24, 2026. The Shenwan Real Estate Index also increased by 0.28% [3]. - A recent land auction in Yiwu saw a small residential plot sold at a total price of 116 million yuan, with a premium rate of 22.14%. The plot covers an area of 4,120.58 square meters and has a planned construction area of 10,301.45 square meters [5]. - The top five performing stocks in the real estate sector included Phoenix Holdings, Jingneng Real Estate, Ningbo Fuda, Hefei Urban Construction, and Beijing Investment Development, with respective increases of 9.63%, 8.37%, 6.44%, 6.17%, and 5.96% [4]. Market Trends - The Guangzhou Housing and Urban-Rural Development Bureau, along with six other departments, is conducting a two-month campaign to regulate real estate media, aiming to reduce false advertising and malicious speculation [6][7]. - Shenzhen Overseas Chinese Town Holdings has initiated a non-public offering of corporate bonds, with a scale of 2.5 billion yuan, which has been accepted for review [8].

Core Viewpoint - Ningbo Fuda (600724) announced a mid-term profit distribution plan for 2025, proposing a cash dividend of 0.70 yuan per 10 shares, totaling approximately 101 million yuan, with the record date on February 11, 2026, and the payment date on February 12, 2026 [1] Financial Status - The total dividend represents about 5.6% of the company's cash and cash equivalents as of the end of 2024, indicating that it is not expected to significantly impact the company's debt repayment ability or daily operations. However, the cash outflow may slightly reduce the liquidity of the company's funds, necessitating attention to future investment needs. The mid-term dividend reflects the stability of the company's cash flow, with the 2024 net profit attributable to shareholders projected at 210 million yuan, making the dividend ratio approximately 48% of the net profit for 2024, signaling management's confidence in sustainable profitability [2] Stock Performance - Typically, stock prices adjust after the ex-dividend date, but long-term trends are primarily driven by fundamentals. Data shows that on February 3, 2026, Ningbo Fuda experienced a net outflow of 7.0674 million yuan in main funds, accounting for 8.27% of the day's trading volume, reflecting profit-taking sentiment in the market prior to the dividend. The dividend directly increases shareholder cash returns, aligning with the current A-share market's policy direction to encourage returns to investors [3] Industry and Risk Analysis - Compared to other listed companies in the same region, Ningbo Fuda's dividend scale is at a mid-level. However, it is important to note that the company's price-to-earnings ratio (TTM) is 61.85, which is higher than the average level in the power grid equipment sector, indicating potential valuation pressure that may dilute the attractiveness of the dividend. The company's main business is influenced by macroeconomic cycles, and if future profits decline, the current high dividend ratio may be difficult to maintain. Additionally, the continuous net outflow of main funds raises concerns about market liquidity risks [4]

Group 1 - Ningbo Fuda (600724) has announced a dividend distribution plan, with a payout of 0.70 yuan for every 10 shares held [1] - Zhongcheng Technology has proposed a dividend distribution plan, intending to distribute 1.5 yuan for every 10 shares [1]

Group 1 - The Low Volatility Dividend Index (H30269.CSI) selects 50 securities with good liquidity, continuous dividends, moderate payout ratios, positive growth in earnings per share, high dividend yields, and low volatility, with a dividend yield of 4.53% as of February 6 [2] - The Low Volatility Dividend ETF (华夏 159547) is the ETF with the lowest comprehensive fee tracking this index, with quarterly assessments for dividends [2] - The Quality Dividend Index (931468.CSI) selects 50 listed companies with continuous cash dividends, high payout ratios, and strong profitability, with a dividend yield of 2.87% as of February 6 [2] Group 2 - The Quality Dividend ETF (159758) is the only ETF tracking the Quality Dividend Index, with associated funds A class (016440), C class (016441), and D class (024263) [2] - Ningbo Fuda announced a cash dividend of 0.07 yuan per share (tax included), with the record date on February 12, 2026, and the ex-dividend date on February 13, 2026 [2] - Ningbo Fuda is categorized under the real estate sector and is not part of the Low Volatility Dividend Index or the Quality Dividend Index [2]

Core Viewpoint - Ningbo Fuda (600724.SH) announced a cash dividend distribution of 0.07 yuan per share, totaling approximately 101.17 million yuan, based on a total share capital of 1,445,241,071 shares [1] Group 1 - The cash dividend distribution is set to be implemented based on the company's total share capital before the distribution [1] - The record date for the dividend distribution is February 12, 2026, and the ex-dividend date is February 13, 2026 [1]

Group 1 - The core viewpoint of the article is that Ningbo Fuda announced its profit distribution plan for the first half of 2025, which includes a dividend of 0.07 yuan per share (tax included) for A-shares [2] - The record date for the dividend is set for February 12, 2026, with the ex-dividend date and the date of dividend payment both scheduled for February 13, 2026 [2]

宁波富达股份有限公司 证券代码：600724 证券简称：宁波富达 公告编号：2026-003 2025年中期权益分派实施公告 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： 每股分配比例 A 股每股派发现金红利0.07元（含税） 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2026/2/12 | － | 2026/2/13 | 2026/2/13 | 差异化分红送转： 否 一、 通过分配方案的股东会届次和日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2026/2/12 | － | 2026/2/13 | 2026/2/13 | 四、 分配实施办法 1. 实施办法 宁波富达股份有限公司（以下简称"公司"）于 2025 年 5 月 19 日召开 2024 年年度 ...