商业航天板块再度活跃，斯瑞新材、超捷股份、通宇通讯盘中创新高，神剑股份8连板，大业股份4连 板，泰尔股份3连板，中超控股2连板，中衡设计涨停，光威复材涨超15%，华丰科技、航天发展、航天 宏图、苏州高新、中简科技跟涨。 ...

证券之星消息，12月26日江苏国企改革板块较上一交易日上涨0.68%，苏州高新领涨。当日上证指数报 收于3963.68，上涨0.1%。深证成指报收于13603.89，上涨0.54%。江苏国企改革板块个股涨跌见下表： 从资金流向上来看，当日江苏国企改革板块主力资金净流出3.68亿元，游资资金净流入1.05亿元，散户 资金净流入2.63亿元。江苏国企改革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。 ...

Market Performance - The real estate development sector increased by 0.31% compared to the previous trading day, with Bright Real Estate leading the gains [1] - The Shanghai Composite Index closed at 3963.68, up 0.1%, while the Shenzhen Component Index closed at 13603.89, up 0.54% [1] Individual Stock Performance - Bright Real Estate (600708) closed at 3.58, with a rise of 10.15% and a trading volume of 618,600 shares, amounting to a transaction value of 216 million yuan [1] - Hualian Holdings (000036) also saw a significant increase, closing at 7.81 with a 10.00% rise and a trading volume of 520,700 shares, totaling 407 million yuan [1] - Suzhou Gaoxin (600736) closed at 6.61, up 9.98%, with a trading volume of 844,300 shares and a transaction value of 553 million yuan [1] - Other notable gainers include Sanxiang Impression (000863) with a 9.96% increase and a closing price of 5.63, and Wantong Development (600246) with a 5.84% rise [1] Capital Flow Analysis - The real estate development sector experienced a net outflow of 256 million yuan from institutional investors, while retail investors saw a net inflow of 263 million yuan [2] - The capital flow data indicates that institutional investors withdrew funds, while retail investors were net buyers in the sector [2] Detailed Capital Flow for Selected Stocks - Wantong Development (600246) had a net inflow of 276 million yuan from institutional investors, but a net outflow of 65.75 million yuan from retail investors [3] - Hualian Holdings (000036) saw a net inflow of 143 million yuan from institutional investors, with significant outflows from both retail and speculative investors [3] - Bright Real Estate (600708) reported a net inflow of 56.55 million yuan from institutional investors, while retail investors withdrew funds [3]

Core Viewpoint - The company Suzhou New District High-tech Industry Co., Ltd. plans to reduce its shareholding in Jinpu Garden by up to 1.4788 million shares, representing 0.80% of the total share capital, within three months through centralized bidding [1] Summary by Categories Shareholding Reduction - The share reduction will occur within three months starting from the first trading day after the announcement [1] - The maximum number of shares to be reduced is 1.4788 million [1] Purpose of Reduction - The reason for the share reduction is to activate existing assets, optimize the industrial structure, and support the overall development strategy of the company [1]

减持计划核心内容 登录新浪财经APP 搜索【信披】查看更多考评等级 金埔园林股份有限公司（以下简称"金埔园林"）近日披露股东减持预披露公告，公司股东苏州新区高新 技术产业股份有限公司（以下简称"苏高新"）计划在未来三个月内减持公司股份，减持数量不超过 147.88万股，占剔除公司回购专用账户股份后总股本的0.8%。 股东名称 持股数量（股） 占剔除回购专用账户股份后总股本比例（%） 苏高新 1478813 0.80 风险提示与市场影响 金埔园林在公告中提示，本次减持计划存在多重不确定性。苏高新将根据市场情况、股价表现及相关规 定决定是否实施及如何实施，减持时间、价格及是否按期完成均存在不确定性。公司将按照规定及时披 露减持计划的实施进展。 公告显示，苏高新当前持有金埔园林股份147.88万股，占剔除回购专用账户股份后总股本的0.8%。根据 减持计划，苏高新拟自本公告披露之日起三个交易日后的第一个交易日起三个月内，通过集中竞价方式 减持上述股份，减持数量上限与当前持股数量一致，即不超过147.88万股（若期间公司发生送股、资本 公积金转增股本、配股等除权除息事项，减持数量将相应调整）。 值得注意的是，苏高新并非 ...

金埔园林公告，股东苏州新区高新技术产业股份有限公司计划自公告披露日起三个交易日后的第一个交 易日起三个月内，通过集中竞价方式减持公司股份不超过147.88万股，占剔除公司回购专用账户股份后 总股本比例不超过0.8%。减持原因是为盘活存量资产、优化产业结构和服务整体发展战略。减持股份 来源于公司首次公开发行前股份及公积金转增股本。减持期间为2025年12月31日至2026年3月30日，减 持价格将按市场价格确定。 ...

证券日报网讯 12月24日，苏州高新在互动平台回答投资者提问时表示，公司将继续做好日常经营、完 善内部管理、加强投资者交流，不断降本增效，提升经营质量，促进市值稳步增长。公司具体经营情况 请及时关注定期报告。 （文章来源：证券日报） ...

高新区围绕"全力打造全市产业科创主阵地、新质生产力重要增长极，加快建设更具竞争力的一流 高科技园区"发展定位，聚焦因地制宜加快发展新质生产力，将开展"高新智造"强基提质行动、产创融 合引领行动、绿色低碳转型升级行动；聚焦全面深化改革开放，实施改革攻坚突破行动、高水平开放深 化行动；聚焦落实国家战略、深化区域联动，实施区域协同提效行动；聚焦以文化赋能经济社会发展， 实施文化优势巩固提升行动、消费投资扩容增效行动；聚焦促进全体人民共同富裕，开展乡村全面振兴 行动、民生共享优享行动；聚焦更好统筹发展和安全，实施安全发展水平提升行动；聚焦加强党的政治 建设，实施干部国际化专业化能力锻造行动。 昨天（12月20日），苏州高新区党工委（扩大）会议暨区委十二届十二次全会召开，提出"十五 五"时期发展总体要求和主要目标，部署经济社会发展重点任务。 ...

Financing Overview - In November, the total bond financing in the real estate sector reached 62.04 billion yuan, marking a year-on-year increase of 28.5% [1][2][7] - The financing structure included 26.22 billion yuan from credit bonds (down 1.6% year-on-year, accounting for 42.3%), 6.42 billion yuan from overseas bonds (10.3%), and 29.4 billion yuan from ABS (up 36% year-on-year, accounting for 47.4%) [2][8] - From January to November 2025, total bond financing for real estate companies was 550.28 billion yuan, a 10.5% increase year-on-year [2][8] Credit Bond Issuance - Credit bond issuance saw a slight year-on-year decline, primarily from state-owned enterprises, with major issuers including China Merchants Shekou and Poly Developments, each issuing over 3 billion yuan [3][9] - The average issuance term for credit bonds was 3.56 years, with a focus on 1-3 year and over 3-year bonds [3][9] ABS Issuance - ABS issuance totaled 29.4 billion yuan, showing significant growth, with class REITs being the largest category at 51.7% of the total [4][10] - Recent successful ABS projects include the "Huatai-Shanghai Zhongjian Plaza" and "CITIC Securities-Yuexiu Commercial" plans, which support the development of operational business models for real estate companies [4][10] Financing Costs - The average bond financing interest rate was 2.66%, a slight year-on-year decrease of 0.07 percentage points, but an increase of 0.1 percentage points from the previous month [5][11] - The average interest rate for credit bonds was 2.23%, down 0.55 percentage points year-on-year, while overseas bonds had an average rate of 2.97% [5][11] Corporate Financing Dynamics - China Merchants Shekou had the highest issuance amount at 5.04 billion yuan, while Suzhou High-tech had the lowest financing cost at 1.73% [6][12] - Key companies such as China Jinmao, China Resources, and Poly Developments reported new financing activities, while Sunac and Times China had their overseas debt restructuring plans approved [6][12]

Core Viewpoint - The real estate industry in China is experiencing a significant increase in bond financing, with a total of 620.4 billion yuan in November 2025, marking a year-on-year growth of 28.5% [1] Financing Overview - From January to November 2025, the total bond financing for real estate companies reached 550.28 billion yuan, reflecting a year-on-year increase of 10.5% [3] - The structure of financing shows that credit bond financing amounted to 320.2 billion yuan, a slight increase of 2.9% year-on-year, accounting for 58.2% of the total [3] - Overseas bond financing surged to 161.5 billion yuan, up 141% year-on-year, representing 2.9% of the total [3] - Asset-backed securities (ABS) financing reached 213.93 billion yuan, with a year-on-year growth of 19%, making up 38.9% of the total [3] Credit Bond Issuance - In November, credit bond issuance saw a slight decline, primarily from state-owned enterprises, with major issuances from companies like China Merchants Shekou and Poly Development exceeding 3 billion yuan [3] - The average issuance term for credit bonds was 3.56 years, with a focus on 1-3 year and over 3-year bonds [3] Overseas Bond Issuance - China Resources Land successfully issued overseas bonds in November, contributing to an increase in overseas bond issuance [3] - On November 13, China Resources Land issued 4.3 billion yuan and 300 million USD in dual-currency green bonds, with a 3-year USD bond at a coupon rate of 4.125% and a 5-year yuan bond at 2.40% [3] ABS Market Dynamics - The ABS issuance scale reached 294 billion yuan, showing significant growth, with REITs being the largest category at 51.7% [4] - Other categories included CMBS/CMBN at 24.5%, supply chain ABS at 12.7%, and affordable housing ABS at 11.1% [4] Financing Costs - The average bond financing rate was 2.66%, a slight year-on-year decrease of 0.07 percentage points, but a 0.1 percentage point increase compared to the previous month [6] - The average rate for credit bonds was 2.23%, down 0.55 percentage points year-on-year, while overseas bonds had an average rate of 2.97%, decreasing by 0.33 percentage points month-on-month [6] Notable Company Activities - China Merchants Shekou had the highest issuance amount in November at 50.4 billion yuan, while Suzhou High-tech had the lowest financing cost at 1.73% [6]