证券代码：600748 证券简称：上实发展 公告编号：2025-32 上海实业发展股份有限公司 第九届董事会第二十二次会议决议公告 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 担法律责任。 一、董事会会议召开情况 （一）上海实业发展股份有限公司（以下简称"公司"）第九届 董事会第二十二次（临时）会议通知于 2025 年 9 月 1 日以电子邮件 形式通知各位董事，会议材料以电子邮件/纸质文件送达方式送至各 位董事，会议于 2025 年 9 月 5 日（星期五）以通讯方式召开，会议 应参加董事七名，实际参加董事七名，公司监事和高级管理人员列席 了会议。会议符合有关法律、法规及《公司章程》的规定。 二、董事会会议审议情况 1、《公司关于修订<公司章程>及取消监事会的议案》 公司董事会同意本议案，本次《公司章程》修订完成后，公司将 不再设置监事会，监事会的职权由董事会审计委员会行使，《上海实 业发展股份有限公司监事会议事规则》等监事会相关制度相应废止。 公司同时提请公司股东会授权公司董事长及其指定人员就上述事项 办理工商变更登记及备案手续。 ...

9月3日，上实发展涨5.28%，截至发稿，报4.19元/股，成交4069.78万元，换手率0.54%，总市值77.29亿 元。 南方中证房地产ETF发起联接A（004642）基金经理为罗文杰。 资料显示，上海实业发展股份有限公司位于上海市淮海中路98号金钟广场20层，成立日期1996年9月19 日，上市日期1996年9月25日，公司主营业务涉及房地产开发、房地产经营、与房地产业务相关的信息 咨询服务,国内贸易(上述经营范围不涉及前置审批项目)。主营业务收入构成为：物业管理服务52.15%， 房地产销售23.03%，房地产租赁14.89%，酒店经营收入8.56%，其他(补充)1.37%。 截至发稿，罗文杰累计任职时间12年138天，现任基金资产总规模1389.99亿元，任职期间最佳基金回报 141.73%， 任职期间最差基金回报-47.6%。 从上实发展十大流通股东角度 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 数据显示，南方基金旗下1只基金位居上实发展十大流通股东。 ...

Market Performance - On September 1, the real estate development sector rose by 0.72% compared to the previous trading day, with Wantong Development leading the gains [1] - The Shanghai Composite Index closed at 3875.53, up 0.46%, while the Shenzhen Component Index closed at 12828.95, up 1.05% [1] Top Gainers in Real Estate Sector - Wantong Development (600246) closed at 13.39, up 10.02% with a trading volume of 382.53 thousand shares [1] - Hualian Holdings (000036) closed at 4.46, up 7.21% with a trading volume of 46.03 thousand shares [1] - Shangshi Development (600748) closed at 4.11, up 5.66% with a trading volume of 45.22 thousand shares [1] Capital Flow Analysis - The real estate development sector saw a net inflow of 500 million yuan from institutional investors, while retail investors experienced a net outflow of approximately 90.87 million yuan [2] - The main capital inflow and outflow for specific stocks were detailed, with Wantong Development receiving a net inflow of 9.67 billion yuan from institutional investors [3] Individual Stock Performance - For Wantong Development, institutional investors accounted for 19.14% of the net inflow, while retail investors had a net outflow of 4.01 billion yuan [3] - Other notable stocks included China Merchants Shekou (001979) with a net inflow of 81.05 million yuan from institutional investors [3]

Market Overview - The equity market experienced a decline on August 27, 2025, with the Shanghai Composite Index and Shenzhen Composite Index falling by 1.76% and 1.91% respectively. The CSI 300 and CSI 500 also decreased by 1.49% and 1.46%. The Shenwan Real Estate Index dropped by 3.51% [1]. Individual Stock Performance - The top five gainers in the real estate sector were: - China New Group: +10.00% - Shanghai Shendi Development: +1.28% - Huangting B: +1.22% - Lujia B: +0.45% - Waigao B: +0.26% - The top five losers were: - Wantong Development: -10.03% - Shenzhen Deep A: -10.01% - Shenzhen Deep B: -9.94% - Shahe Shares: -8.59% - Daming City: -7.07% [2]. Industry News - The Shanghai Municipal Government is accelerating the renovation of urban villages, prioritizing those with urgent community needs and significant safety and governance issues. The renovation will focus on areas surrounding the city center and will involve various methods such as comprehensive renovation and improvement [3]. Land Transactions - In Nantong, two residential land parcels were sold at a total transaction value of 8.03 billion RMB. The first parcel, with an area of 51,333 square meters, was sold for 3.81 billion RMB, resulting in a floor price of 3,370 RMB per square meter. The second parcel, covering 57,333 square meters, was sold for 4.23 billion RMB, with a floor price of 3,350 RMB per square meter, both with a premium rate of 0% [4]. - In Fuzhou, a land parcel was sold for 54 million RMB by Shiyi Transportation Construction Investment Co., with a floor price of 21,022.87 RMB per square meter. The land area is 5,137.26 square meters, designated for a gas station [5]. Company Announcements - China Overseas Land & Investment announced that its controlling shareholder, China Overseas Group, plans to increase its stake in the company by no less than 1.11 billion RMB and no more than 2.20 billion RMB within six months, reflecting confidence in the company's future [6]. - Shanghai Jinmao Investment announced the buyback registration period for its bond "22 Jinmao 04" from September 1 to September 3, with a repayment date on September 29. The bond has a total balance of 2 billion RMB and an interest rate of 3.60% [7].

Core Viewpoint - The company reported an increase in revenue but a significant decline in net profit, indicating challenges in profitability despite higher sales figures [1][3]. Financial Performance Summary - Total revenue for the first half of 2025 reached 1.232 billion, a year-on-year increase of 19.73% compared to 1.029 billion in 2024 [1]. - The net profit attributable to shareholders was -754 million, a decline of 327.21% from -177 million in the previous year [1]. - The gross margin improved to 22.84%, up 68.59% from 13.55% in 2024, while the net margin fell to -57.92%, a decrease of 224.96% [1]. - Total expenses (selling, administrative, and financial) amounted to 327 million, accounting for 26.57% of revenue, down 29.2% year-on-year [1]. - Earnings per share decreased to -0.41 from -0.1, reflecting a 310% decline [1]. Cash Flow and Asset Management - Cash flow from operating activities per share was -0.61, an improvement of 35.5% from -0.95 in the previous year [1]. - The company’s cash and cash equivalents increased to 2.964 billion, a rise of 10.65% from 2.679 billion [1]. - Accounts receivable rose by 28.55% to 237 million, indicating increased collection challenges [1][3]. Debt and Liabilities - Interest-bearing liabilities increased by 3.95% to 14.287 billion, suggesting a growing debt burden [1]. - The company’s debt-to-asset ratio reached 49.64%, indicating a significant reliance on debt financing [4][5]. Operational Efficiency - The company’s return on invested capital (ROIC) was reported at 0.09%, reflecting weak capital efficiency [4]. - Historical data shows a median ROIC of 3.44% over the past decade, indicating persistent underperformance [4]. - The company has experienced two loss years since its listing, highlighting a fragile business model [4].

Core Viewpoint - The company has reported its 2025 semi-annual financial results, including significant asset impairment provisions and operational data, reflecting its current financial health and future outlook [3][19][25]. Group 1: Company Overview - The company is Shanghai Industrial Development Co., Ltd., with the stock code 600748 [4]. - The board of directors and supervisory board confirm the authenticity and completeness of the semi-annual report [1][4]. Group 2: Financial Data - The company has proposed a profit distribution plan or capital reserve increase plan, which is not applicable for this reporting period [3]. - The semi-annual report is unaudited [2]. Group 3: Significant Events - The board approved the semi-annual report and the asset impairment provision during its 21st meeting [6][9]. - The company has recognized an asset impairment provision of approximately 639 million yuan, primarily due to inventory devaluation in various projects [20][21]. Group 4: Operational Performance - The company reported no new land reserves as of June 30, 2025 [25]. - The company has five ongoing construction projects with a total area of approximately 392,800 square meters [25]. - The company achieved a contract sales amount of approximately 290 million yuan, a year-on-year increase of about 20.90%, while the sales area decreased by approximately 54.26% [26]. - Rental income from real estate activities was approximately 200 million yuan, a year-on-year decrease of about 16.94%, with a rental area increase of approximately 1.52% [27].

证券代码：600748 证券简称：上实发展 公告编号：2025-28 上海实业发展股份有限公司 第九届董事会第二十一次会议决议公告 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 担法律责任。 一、董事会会议召开情况 （一）上海实业发展股份有限公司（以下简称"公司"）第九届 董事会第二十一次会议通知于 2025 年 8 月 15 日以电子邮件形式通知 各位董事，会议材料以纸质文件送达方式送至各位董事，会议于 2025 年 8 月 25 日（星期一）以通讯方式召开，会议应参加董事七名，实 际参加董事七名，公司监事和高级管理人员列席了会议。会议符合有 关法律、法规及《公司章程》的规定。 二、董事会会议审议情况 （一）审议议案 《公司 2025 年半年度报告及摘要的议案》 该议案经公司第九届董事会审计委员会第十四次会议审议通过。 具体内容详见公司于同日披露的《公司 2025 年半年度报告》及 报告摘要。 表决结果：同意 7 票，反对 0 票，弃权 0 票。 《公司关于 2025 年半年度计提资产减值准备的议案》 该议案经公司第九届董事会审计委员 ...

证券代码：600748 证券简称：上实发展 公告编号：2025-29 上海实业发展股份有限公司 上海实业发展股份有限公司（以下简称"公司"）第九届监事会 第十二次会议通知于 2025 年 8 月 15 日以电子邮件形式通知各位监事， 会议材料以纸质文件送达方式送至各位监事，会议于 2025 年 8 月 25 日以通讯方式召开，会议应参加监事三名，实际参加监事三名。会议 符合有关法律、法规及《公司章程》的规定。 二、监事会会议审议情况 监事会对公司 2025 年半年度报告的确认意见如下： 第九届监事会第十二次会议决议公告 本公司监事会及全体监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。 一、监事会会议召开情况 (1)公司 2025 年半年度报告的编制和审议程序符合法律、法规、 公司章程和公司内部管理制度的各项规定； (2)公司 2025 年半年度报告的内容和格式符合中国证监会和证券 交易所的各项规定，所包含的信息从各个方面客观地反映出公司当年 度的经营管理和财务状况等事项； (3)未发现参与 2025 年半年度报告编制和审议的人员有违反保密 规 ...

每经AI快讯，上实发展（SH 600748，收盘价：3.97元）8月25日晚间发布公告称，公司第九届第二十一 次董事会会议于2025年8月25日以通讯方式召开。会议审议了《公司2025年半年度报告及摘要的议案》 等文件。 2025年1至6月份，上实发展的营业收入构成为：房地产行业占比100.0%。 截至发稿，上实发展市值为73亿元。 每经头条（nbdtoutiao）——A股成交连续8天破2万亿元，券商招聘也来了！行业巨头秋招"求才"，25个 岗位都有什么特点？ （记者 张喜威） ...

格隆汇8月25日丨上实发展(600748.SH)发布中报，2025上半年实现营业总收入12.32亿元，同比增长 19.73%；归属母公司股东净利润-7.54亿元，较上年同期亏损增加5.78亿元；基本每股收益为-0.41元。 ...