Financial Performance - The company's operating revenue for Q1 2025 was ¥1,586,303,169.81, a decrease of 62.41% compared to ¥4,220,251,442.49 in the same period last year[5] - Net profit attributable to shareholders increased by 31.68% to ¥146,875,955.64 from ¥111,538,137.11 year-on-year[5] - The net profit for Q1 2025 was CNY 198,458,925.18, a decrease from CNY 360,194,687.69 in Q1 2024, representing a decline of approximately 44.9%[19] - Total revenue from sales and services received in Q1 2025 was CNY 1,446,273,634.24, down from CNY 1,491,086,925.53 in Q1 2024, indicating a decrease of about 3.0%[21] - The company reported a total comprehensive income of CNY 158,880,455.91 for Q1 2025, down from CNY 361,529,054.29 in Q1 2024, reflecting a decline of approximately 56.1%[20] - The company recorded a total comprehensive income of CNY 8,823,731.46 for the first quarter of 2025, a significant drop from CNY 63,358,283.66 in the first quarter of 2024[28] Profitability Metrics - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥81,868,112.94, a decline of 201.57% compared to ¥80,603,041.14 in the previous year[5] - Basic and diluted earnings per share increased by 42.86% to ¥0.10 from ¥0.07 year-on-year[5] - Basic and diluted earnings per share for Q1 2025 were both CNY 0.10, an increase from CNY 0.07 in Q1 2024, representing a growth of about 42.9%[20] - The net profit for the first quarter of 2025 was CNY 48,206,790.56, a decrease of 22.91% compared to CNY 62,026,814.36 in the first quarter of 2024[27] Cash Flow Analysis - The net cash flow from operating activities was -¥92,534,900.89, significantly improved from -¥1,838,579,859.33 in the same period last year[5] - The operating cash flow for Q1 2025 was negative at CNY -92,534,900.89, compared to a significantly larger negative cash flow of CNY -1,838,579,859.33 in Q1 2024[22] - The operating cash flow for the first quarter of 2025 was CNY 697,456,680.02, a significant improvement from a negative cash flow of CNY -56,886,867.33 in the same period last year[30] - The net cash flow from investing activities was $69,651,864.70, a significant improvement from a net outflow of $1,534,882,326.40 in the previous period[31] - The net cash flow from financing activities was $440,809,896.77, up from $378,161,850.48, reflecting a growth of 16.5%[31] Assets and Liabilities - Total assets at the end of the reporting period were ¥77,967,624,872.91, an increase of 3.52% from ¥75,316,645,197.34 at the end of the previous year[6] - Total liabilities as of March 31, 2025, were RMB 59,172,568,926.63, up from RMB 55,325,953,606.97 at the end of 2024[16] - Shareholders' equity attributable to shareholders decreased by 8.71% to ¥9,271,020,277.66 from ¥10,155,168,891.29 at the end of the previous year[6] - The company’s total equity decreased to CNY 6,599,799,540.59 as of March 31, 2025, down from CNY 7,582,296,909.13 at the end of 2024, a decline of 12.97%[26] Shareholder Information - The company reported a total of 67,745 common shareholders at the end of the reporting period[10] - The largest shareholder, Suzhou High-tech Group Co., Ltd., holds 43.79% of the shares, totaling 504,194,894 shares[10] Investment Activities - Long-term equity investments rose to RMB 6,941,371,557.31 as of March 31, 2025, from RMB 4,435,614,078.54 at the end of 2024[14] - The total cash inflow from investment activities was $1,902,551,864.70, compared to $657,311,223.60, indicating a substantial increase of 189.5%[31]

苏州高新：一季度归母净利润1.47亿元，同比增长31.68% 金十数据4月28日讯，苏州高新公告，2025年第一季度实现营业收入15.86亿元，同比下降62.41%；归属 于上市公司股东的净利润1.47亿元，同比增长31.68%；基本每股收益0.10元。 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company reported a revenue of 7.3 billion yuan in 2024, a year-on-year decrease of 6.6%, while the net profit attributable to shareholders was 1.3 billion yuan, down 35.4% year-on-year [7] - Revenue is stabilizing, but gross margin and impairment losses are dragging down performance. The impairment loss from real estate inventory write-downs increased significantly to 580 million yuan, and investment income decreased by 36.1% to 310 million yuan [7] - The company is actively developing new industries, with a focus on green low-carbon and medical device sectors, achieving a 27.1% year-on-year revenue growth in its industrial park operations [7] - The company has made significant investments in emerging industries, including a 2.12 billion yuan acquisition of shares in Jiangsu Guoxin and participation in several strategic investments [7] - Financing costs have decreased, with a comprehensive financing cost of 3.16% in 2024, down 45 basis points from 2023 [7] Financial Summary - Total revenue forecast for 2024 is 7.3 billion yuan, with a projected net profit of 1.3 billion yuan [1][8] - Earnings per share (EPS) for 2024 is expected to be 0.11 yuan, with a price-to-earnings (P/E) ratio of 48.83 [1][8] - The company’s gross margin is projected to be 17.76% in 2024, with a net profit margin of 1.79% [8]

证券研究报告·公司点评报告·房地产 苏州高新（600736） 2024 年报点评：收入企稳，产业运营及投资 积极布局新兴方向 买入（维持） | [Table_EPS] 盈利预测与估值 | 2023A | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业总收入（百万元） | 7,814 | 7,300 | 7,527 | 7,835 | 8,141 | | 同比（%） | (27.13) | (6.58) | 3.10 | 4.10 | 3.90 | | 归母净利润（百万元） | 202.07 | 130.62 | 150.62 | 166.08 | 182.52 | | 同比（%） | (34.54) | (35.36) | 15.32 | 10.26 | 9.90 | | EPS-最新摊薄（元/股） | 0.18 | 0.11 | 0.13 | 0.14 | 0.16 | | P/E（现价&最新摊薄） | 31.56 | 48.83 | 42.34 | 38.41 | 34.95 | [Table_Tag] ...

苏州新区高新技术产业股份有限公司 会计师事务所选聘制度 第二章 会计师事务所执业质量要求 （2025 年 5 月修订） 第一章 总则 第一条 为进一步规范苏州新区高新技术产业股份有限公司（以下简称"公司"）选聘 （含续聘、改聘，下同）会计师事务所的行为，提升审计质量，切实维护股东权益，根据《中 华人民共和国公司法》《国有企业、上市公司选聘会计师事务所管理办法》《公司章程》等有 关规定，结合公司具体情况，制定本制度。 第二条 公司选聘对公司财务报告发表审计意见、出具审计报告及其他法定审计业务的 会计师事务所的相关行为，应当遵照本制度，履行选聘程序，并披露相关信息。 第三条 公司选聘会计师事务所应当经董事会审计委员会审议同意后，提交董事会审议， 并由股东会决定。 第四条 公司控股股东、实际控制人不得向公司指定会计师事务所，不得干预审计委员 会、董事会及股东会独立履行审核职责。 第五条 公司选聘的会计师事务所应当具备下列条件： （一）具有独立的主体资格，具备国家行业主管部门和中国证监会规定的开展证券期货 相关业务所需的执业资格； （二）具有固定的工作场所、健全的组织机构和完善的内部管理和控制制度； （三）熟悉国家有 ...

Group 1 - The company announced the establishment of a joint venture named Suzhou Gaoxin Zhangxin Life Service Technology Co., Ltd. with an initial registered capital of RMB 20 million, with shareholding proportions of 30%, 30%, 15%, 15%, and 10% held by various partners [1] - The initial capital of RMB 20 million will be used to implement and operate a comprehensive membership system, including funding for promotional activities, developing mini-programs, and organizing community life activities [2] - A capital increase agreement was signed for April 25, 2025, where the partners will inject an additional RMB 9 million, RMB 9 million, RMB 4.5 million, RMB 4.5 million, and RMB 3 million into the joint venture, maintaining their respective shareholding ratios [1][2] Group 2 - The strategic investment aims to support the expansion of revenue-generating business lines, particularly in e-commerce and live retail, in response to structural adjustments in the Chinese real estate industry [2] - The company is transitioning from a traditional property service provider to a "city operation service provider," enhancing value creation through data-driven operations and consumer interaction [2] - This strategy is aligned with the company's development direction and benefits all shareholders by strengthening the overall brand image and service capabilities [2]

苏州新区高新技术产业股份有限公司 董事会秘书工作制度 （2025 年 4 月修订） 第一章 总则 第一条 为规范苏州新区高新技术产业股份有限公司（以下简称"公司"）治理 结构，促进公司规范运作，规范董事会秘书的各项工作，确保董事会秘书忠实履行职责，勤 勉高效工作，根据《中华人民共和国公司法》、《中华人民共和国证券法》、《上海证券交 易所股票上市规则》（以下简称"《股票上市规则》"）、《上海证券交易所上市公司自律 监管指引第 1 号——规范运作》等法律法规和《公司章程》的规定，制定本制度。 第二条 董事会秘书为公司高级管理人员，由董事长提名、董事会聘任或者解聘， 对公司和董事会负责，应忠实、勤勉地履行职责。 第三条 公司应当指派董事会秘书和代行董事会秘书职责的人员、证券事务代表 负责与上海证券交易所联系，以公司名义办理信息披露、股票及其衍生品种变动管理等事务。 第四条 公司设立董事会秘书处，在董事会秘书的管理下处理公司规范运作、公司治理、 信息披露、投资者关系管理等事务。 第二章 选任 第五条 公司应当在原任董事会秘书离职后 3 个月内聘任董事会秘书。 第六条 董事会秘书应当具备履行职责所必需的财务、管理、法律 ...

苏州新区高新技术产业股份有限公司 防范控股股东、实际控制人及其他关联方占用公司资金 管理制度 （2025 年 5 月修订） 第一章 总则 第一条 为规范苏州新区高新技术产业股份有限公司（以下简称"公司"）与控股股 东、实际控制人及其他关联方之间的资金往来，保证公司与关联方之间订立的关联交易合同 符合公平、公正、公开的原则，不损害公司和全体股东利益，依据《中华人民共和国公司 法》《中华人民共和国证券法》《上市公司监管指引第 8 号——上市公司资金往来、对外担 保的监管要求》《上海证券交易所股票上市规则》《上海证券交易所上市公司自律监管指引 第 1 号——规范运作》等有关法律、法规、规范性文件和《公司章程》的有关规定，制定本 制度。 第二条 公司及纳入合并报表范围的子公司与公司控股股东、实际控制人及其他关联 方之间的资金往来适用本制度。 （六）法律法规、上海证券交易所相关规定或者认定的其他情形。 控股股东、实际控制人及其他关联人不得以"期间占用、期末归还"或者"小金额、多 批次"等形式占用公司资金。 第三条 本制度所称资金占用包括但不限于以下方式： （一）要求公司为其垫付、承担工资、福利、保险、广告等费用、成本和 ...

苏州新区高新技术产业股份有限公司 董事会议事规则 （2025 年 5 月修订） 第一章 总则 第一条 为规范公司董事会的决策行为，保障董事会决策合法化、科学化、制度化，根 据《中华人民共和国公司法》《上市公司治理准则》《上海证券交易所股票上市规则》（以 下简称《股票上市规则》）《上海证券交易所上市公司自律监管指引第1号——规范运作》 和《公司章程》的有关规定，制定本规则。 第二条 董事会应当按照法律法规、上海证券交易所相关规定和《公司章程》履行职责。 第二章 董事会的组成和职权 第三条 董事会由9名董事组成，其中独立董事3名。公司设董事长1人，副董事长1-2 人。 第四条 董事会秘书处作为董事会的办事机构，负责董事会会议的组织协调工作。会议 召开前，负责安排会议议程、准备会议文件和决议草案、发送会议通知和会议材料、组织安 排召开会议。会议召开时，负责作好会议记录，协助主持人清点票数。会议召开后，负责整 理会议决议和会议纪要。 第五条 董事会行使下列职权： （一）召集股东会，并向股东会报告工作； （二）执行股东会的决议； （三）决定公司的经营计划和投资方案； （四）制订公司的利润分配方案和弥补亏损方案； （五） ...