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 [11]. Core Insights - The report highlights that the real estate sector is experiencing a positive market trend, with the Shanghai Composite Index and Shenzhen Composite Index rising by 0.34% and 1.42% respectively on August 11, 2025. The Shenwan Real Estate Index increased by 1.24% [3]. - Specific developments include the planning adjustments in Shenzhen's Guangming District, which involve four residential land plots with varying land areas and floor area ratios [5]. - Guangzhou's state-owned enterprise, Zhujiang Real Estate, has initiated a price guarantee action for seven projects, promising to compensate buyers for price differences until the end of the year [6]. Market Performance - The top five performing stocks in the real estate sector include Shen Property A, Wantong Development, Tianbao Construction, Fuxing Shares, and Jintou City Development, with respective increases of 10.01%, 9.96%, 6.65%, 6.41%, and 6.01%. Conversely, the largest declines were seen in Rongfeng Holdings, Yatong Shares, Huali Family, Guangming Real Estate, and Shangshi Development, with decreases of -4.81%, -2.92%, -1.70%, -1.11%, and -1.04% [4]. Company Announcements - Huazhong City Holdings announced a suspension of trading due to a court-ordered liquidation [9]. - Zhuhai Huafa Industrial Co., Ltd. adjusted the coupon rate of its corporate bonds from 3.90% to 2.30%, with a total issuance of 2 billion yuan and a maturity of five years [9]. Industry News - The Shenzhen Intermediate People's Court announced the auction of the Shenzhen Huangting Plaza, with an estimated value of 4.361 billion yuan and a starting price of approximately 3.053 billion yuan [8].

证券代码：600748 证券简称：上实发展 公告编号：2025-27 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： ● 本次会议是否有否决议案：无 一、会议召开和出席情况 (一)股东会召开的时间：2025年8月5日 (二)股东会召开的地点：上海市黄浦区西藏南路123号二楼会议厅 上海实业发展股份有限公司 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： 2025年第一次临时股东会决议公告 ■ (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次会议由上海实业发展股份有限公司（以下简称"公司"）董事会召集，公司董事长王政先生现场主持 会议。本次股东会采取现场投票和网络投票相结合的方式召开及表决。本次股东会的召开、表决方式及 出席股份数均符合《公司法》等相关法律、法规和《公司章程》的有关规定，本次大会决议有效。 (五)公司董事、监事和董事会秘书的出席情况 1、公司在任董事7人，出席5人，其中曲滋海董事、李开兵董事因公务未出席本次会议； 2、公司在任监事3人，出席3人； ...

上海实业发展股份有限公司（以下简称"公司"）2025年第一次临时股东会 于 2025 年 8 月 5 日在上海市黄浦区西藏南路 123 号二楼会议厅召开。国浩律师 (上海)事务所(以下简称"本所")接受公司委托,指派经办律师出席会议并 见证。 本所律师遵照《律师事务所从事证券法律业务管理办法》的有关执业要求, 根据《中华人民共和国证券法》、《中华人民共和国公司法》(以下简称"《公 司法》"）、中国证券监督管理委员会《上市公司股东会规则》等法律、法规及 规范性文件和《上海实业发展股份有限公司章程》(以下简称"《公司章程》") 出具本法律意见书。 本所律师系根据对事实的了解和对法律的理解,在对所有相关文件、资料和 信息进行核查判断的基础上,依法对本次股东会有关事项发表法律意见。本所律 师同意公司将本法律意见书作为本次股东会必备文件公告。本所律师保证本法律 意见书不存在虚假、严重误导性陈述及重大遗漏,并愿意为此承担相应的法律责 任。 一、股东会的召集、召开程序 国浩律师(上海)事务所 法律意见书 国浩律师(上海)事务所 关于上海实业发展股份有限公司 2025年第一次临时股东会的法律意见书 致:上海实业发展股份有限公 ...

证券代码：600748 证券简称：上实发展 公告编号：2025-27 上海实业发展股份有限公司 2025年第一次临时股东会决议公告 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 担法律责任。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 272 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 1,056,749,339 | | 3、出席会议的股东所持有表决权股份数占公司有 | | | 表决权股份总数的比例（%） | 57.2900 | (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主 (一) 股东会召开的时间：2025 年 8 月 5 日 (二) 股东会召开的地点：上海市黄浦区西藏南路 123 号二楼会议厅 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有 股份情况： | 股东类型 | 同意 | | 反对 | | 弃权 | | | --- | --- | --- | --- | --- | --- | --- ...

证券时报·数据宝统计，截至上午收盘，今日沪指涨0.53%，A股成交量717.47亿股，成交金额10185.93 亿元，比上一个交易日增加9.32%。个股方面，3315只个股上涨，其中涨停46只，1895只个股下跌。从 申万行业来看，钢铁、房地产、综合等涨幅最大，涨幅分别为1.27%、1.26%、1.21%；计算机、医药生 物、建筑材料等跌幅最大，跌幅分别为0.57%、0.40%、0.37%。 | 社会服务 | | | | 西藏旅游 | | | --- | --- | --- | --- | --- | --- | | 建筑材料 | -0.37 | 116.91 | 3.41 | 宏和科技 | -8.64 | | 医药生物 | -0.40 | 1128.52 | -4.32 | 奇正藏药 | -10.01 | | 计算机 | -0.57 | 834.95 | -0.82 | *ST广道 | -10.86 | 今日各行业表现（截至上午收盘） （文章来源：证券时报网） | 申万行业 | 行业涨跌（%） | 成交额（亿元） | 比上日（%） | 领涨（跌）股 | 涨跌幅（%） | | --- | --- | --- ...

8月4日主力资金净流入140.6万元，近五个交易日累计净流入1728.4万元。 上实发展主营业务为房地产开发，是上海本地企业，同时属于标准普尔和富时罗素相关成分股。公司总 市值62.35亿元，市净率0.57。 风险提示：市场有风险，投资需谨慎。 截至2025年8月4日收盘，上实发展股价报3.38元，较前一交易日下跌0.59%，成交额0.36亿元，换手率 0.58%。当日股价波动区间为3.35元至3.40元，振幅1.47%。 公司公告显示，2025年第一次临时股东大会将于8月5日下午召开，审议全资子公司出售泉州项目部分产 品的议案。 ...

Overview - The aging population and increasing health awareness in China are driving rapid development in the health and wellness real estate market, with the market size reaching 15,510 billion yuan in 2022, a year-on-year increase of 1.51% [1][11] - However, the market is expected to decline to 13,918 billion yuan in 2024, a year-on-year decrease of 5.89%, due to the transition from a new housing era to a stock housing era [1][11] Market Segmentation - Health and wellness real estate products can be categorized into six types: smart health residential communities, active senior communities, health tourism communities/towns, medical and nursing institutions, health complexes, and health industrial parks [2][5] - The main revenue models include property sales, operational services, health and wellness services, elderly care operations, and property leasing [2] Development History - The health and wellness real estate industry in China began in the 1980s, initially focusing on basic medical care and daily assistance for the elderly [6] - The concept of "health and wellness" was proposed in 2010, leading to the establishment of health tourism demonstration bases and the integration of health services with tourism and leisure [6] Current Market Situation - The health and wellness real estate market is experiencing a downturn, with a significant decline in market size anticipated in the coming years [11] - The increasing elderly population, projected to reach 21,969 million by 2024, is creating a substantial demand for health and wellness services [9] Competitive Landscape - Major real estate companies such as Poly Developments, Greentown China, and China Resources Land are actively investing in the health and wellness sector [13][16] - Poly Developments has established a comprehensive "three-in-one" elderly care system, covering professional care, cognitive care, and travel elderly care [13][15] Future Trends - The health and wellness real estate sector is expected to focus on creating age-friendly communities that cater to both elderly and younger populations, emphasizing a vibrant community atmosphere [21] - There will be a greater emphasis on location selection, favoring suburban areas or satellite cities that offer a balance of natural surroundings and urban connectivity [21]

Group 1 - The company plans to sell part of its assets in the Quanzhou project to optimize resource allocation and accelerate inventory clearance, with a total transaction value of approximately RMB 205,268.94 million (including tax) [5][29][28] - The transaction includes two main asset groups: the first group consists of residential units and unfinished construction projects valued at approximately RMB 9,624.73 million, while the second group includes residential units and parking spaces valued at approximately RMB 195,644.21 million [2][5][16] - The estimated value of the assets being sold is based on an evaluation report from Shanghai Cairui Asset Appraisal Co., which determined the total assessed value of the assets to be RMB 204,732.79 million, indicating a significant appreciation in value for the second group of assets [5][16][28] Group 2 - The transaction is expected to contribute significantly to the company's revenue, with the amount recognized as operating income exceeding 50% of the company's audited revenue for 2024, and the net profit attributable to shareholders also expected to exceed 50% of the audited net profit for the same year [6][29][28] - The company aims to focus its development strategy on the Shanghai and Yangtze River Delta regions, aligning with its long-term goals and benefiting all shareholders [29][28] - The company has received approval from its board of directors and supervisory board for the transaction, which will be submitted for shareholder approval due to its size and impact on financials [29][28]

上实发展 2025 年第一次临时股东会会议资料 上海实业发展股份有限公司 2025 年第一次临时股东会 会议资料 二〇二五年八月五日 上实发展 2025 年第一次临时股东会会议资料 目 录 | 1. | 公司 年第一次临时股东会会议议程 2025 3 | | --- | --- | | 2. | 公司关于全资子公司拟出售泉州项目部分产品的议案 4 | | 3. | 股东会投票注意事项 25 | | 4. | 本次会议拟审议议案附件（评估报告）………………………….26 | 2 上实发展 2025 年第一次临时股东会会议资料 公司 2025 年第一次临时股东会会议议程 会议时间：2025 年 8 月 5 日下午 1：30 会议召开地点：上海市黄浦区西藏南路 123 号二楼会议厅 会议投票方式：本次股东会采用的表决方式为现场投票和网络投票相 结合的方式 会议见证律师：国浩律师（上海）事务所律师 会议议程： 一、大会工作人员介绍股东出席情况 二、会议主持人宣布大会开始 三、大会审议以下议案： 七、宣读表决结果、会议主持人宣布会议结束 3 上实发展 2025 年第一次临时股东会会议资料 议案 1 公司关于全资子公司拟 ...

Group 1 - The company held its 20th meeting of the 9th Board of Directors on July 18, 2025, to discuss significant matters including asset sales and shareholder meeting proposals [2][3][5] - The Board approved the proposal for the full subsidiary to sell part of the Quanzhou project assets for approximately RMB 205,268.94 million, including tax [3][12][18] - The sale aims to accelerate inventory clearance and optimize resource allocation, following guidance from local government departments [3][14][54] Group 2 - The transaction involves selling residential units, parking spaces, and ongoing construction projects to subsidiaries of Quanzhou Kaifeng Real Estate Group [12][14][41] - The sale price for the residential units and parking spaces is broken down into three agreements, with total prices of RMB 9,624.73 million, RMB 114,975.23 million, and RMB 80,668.98 million respectively [15][41][49] - The transaction is expected to contribute significantly to the company's revenue and net profit for the fiscal year 2024, with projected figures of RMB 188,320.13 million in revenue and RMB 16,303.33 million in net profit [54][55] Group 3 - The company plans to convene its first extraordinary general meeting of 2025 on August 5, 2025, to discuss the approved asset sale [59][60] - The meeting will utilize a combination of on-site and online voting methods for shareholders [60][63] - Shareholders must register for the meeting by August 1, 2025, and can delegate their voting rights to representatives [68][69]