证券代码：600791 证券简称：京能置业 公告编号：临 2025-034 号 京能置业股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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： 投资者可于 2025 年 9 月 30 日（星期二）至 10 月 14 日（星 期二）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目 或通过公司邮箱 jingnengzhiye@powerbeijing.com 进行提问。公司 将在说明会上对投资者普遍关注的问题进行回答。 京能置业股份有限公司（以下简称"公司"）已于 2025 年 08 月 30 日发布公司 2025 年半年度报告，为便于广大投资者更全面深入地 了解公司 2025 年半年度经营成果、财务状况，公司计划于 2025 年 10 月 15 日（星期三）14:00-15:00 举行 2025 年半年度业绩说明会， 就投资者关心的问题进行交流。 一、说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2025 年半 年度的经营成果及财务指标 ...

Core Viewpoint - Jingneng Real Estate has experienced a stock price increase of 5.73% on September 9, reaching 5.17 CNY per share, with a total market capitalization of 2.341 billion CNY, indicating a cumulative increase of 4.94% over three consecutive days [1] Group 1: Company Overview - Jingneng Real Estate Co., Ltd. is located at No. 2, East Road, Automobile Museum, Fengtai District, Beijing, established on April 1, 1997, and listed on January 30, 1997 [1] - The company's main business involves real estate development and operation, with revenue composition as follows: residential income 94.53%, commercial income 1.81%, storage income 1.65%, electricity income 0.90%, management fee income 0.44%, rental income 0.39%, garage income 0.26%, and others 0.03% [1] Group 2: Shareholder Information - Noan Fund's Noan Multi-Strategy Mixed A (320016) has entered the top ten circulating shareholders of Jingneng Real Estate, holding 2.1942 million shares, which is 0.49% of the circulating shares [2] - The fund has gained approximately 614,400 CNY in floating profit today, with a total floating profit of 504,700 CNY during the three-day increase [2] Group 3: Fund Manager Performance - The fund manager of Noan Multi-Strategy Mixed A, Kong Xianzheng, has a tenure of 4 years and 288 days, with a total fund asset size of 4.607 billion CNY, achieving a best return of 72.32% and a worst return of -16.74% during his tenure [3] - Wang Haichang, the other fund manager, has a tenure of 3 years and 50 days, managing assets of 2.529 billion CNY, with a best return of 60.19% and a worst return of -18.8% during his tenure [3]

京能置业股份有限公司 二零二五年第二次临时股东大会 会议材料 二 ○ 二 五 年 九 月 二 十 二 日 京能置业 2025 年第二次临时股东大会会议材料 京能置业股份有限公司 2025 年第二次临时股东大会会议议程 时间：2025 年 9 月 22 日（星期一）下午 14 点 4.工作人员。 地点：北京市丰台区汽车博物馆东路 2 号院 4 号楼 2 单元公司会 议室 参加会议人员： 1.在股权登记日持有公司股份的股东。 2.公司的董事、监事和高级管理人员。 3.公司聘请的律师。 | 序号 | | 会 | 议 | 内 | 容 | | --- | --- | --- | --- | --- | --- | | 一 | 宣布到会股东人数和代表股份数 | | | | | | 二 | 宣布京能置业股份有限公司 2025 年第二次临时股东大会 开幕 | | | | | | 三 | 审议如下议案 | | | | | | 1 | 京能置业股份有限公司关于审议全面修订公司《章程》以 | | | | | | | 及取消监事会的议案 | | | | | | 四 | 大会推举两名股东代表及一名监事代表参加计票和监票 | | | | ...

Core Viewpoint - 京能置业's recent financial report indicates a significant decline in revenue and profit, highlighting ongoing challenges in its business operations and financial health [1][3]. Financial Performance - The total revenue for the first half of 2025 was 718 million yuan, a decrease of 54.82% year-on-year [1]. - The net profit attributable to shareholders was -200 million yuan, representing a decline of 234.03% compared to the previous year [1]. - In Q2 2025, total revenue was 403 million yuan, down 71.63% year-on-year, with a net profit of -93.25 million yuan, a staggering drop of 4038.21% [1]. - The gross margin fell to 6.97%, down 60.49% year-on-year, while the net margin was -36.19%, a decrease of 3291.4% [1]. - The total of selling, administrative, and financial expenses reached 272 million yuan, accounting for 37.85% of total revenue, an increase of 152.74% year-on-year [1]. Cash Flow and Debt Situation - The company reported cash and cash equivalents of 2.133 billion yuan, a decrease of 17.02% from the previous year [1]. - The interest-bearing debt increased to 6.446 billion yuan, up 11.21% year-on-year [1]. - The cash flow situation is concerning, with a cash asset to current liabilities ratio of only 36.58% and a negative average operating cash flow over the past three years [5]. Business Model and Operational Insights - The company's business model is primarily driven by marketing, necessitating a deeper analysis of the underlying drivers of this approach [4]. - The historical return on invested capital (ROIC) has been weak, with a median ROIC of 1.34% over the past decade and a particularly poor ROIC of -4.52% in 2023 [3]. Inventory and Financial Health - The inventory to revenue ratio has reached 276%, indicating potential issues with inventory management [6]. - The company has experienced four years of losses since its listing, suggesting a lack of consistent profitability [3].

Group 1 - The company will hold its second extraordinary general meeting of shareholders in 2025 on September 22, 2025 [1][5] - The meeting will be conducted both in-person and via an online voting system provided by the Shanghai Stock Exchange [2][3] - The registration for the meeting will take place on September 18, 2025, from 9:00 AM to 4:30 PM [12] Group 2 - The agenda includes the approval of the company's 2025 semi-annual report and the revision of the company's articles of association [18][22] - The board of directors has approved the convening of the extraordinary general meeting and the related proposals [24] - The company has received a registration notice for issuing medium-term notes amounting to up to 1 billion yuan [27][28]

Group 1 - The company reported a revenue of 718 million yuan for the first half of 2025 [1] - The company focuses on high-quality land acquisition, asset revitalization, and inventory reduction to enhance operational management [1] - The comprehensive financing cost decreased to 3.1% by the end of June 2025, down 50 basis points from the same period last year, effectively reducing financial risk [1] Group 2 - The company is committed to serving the capital's development by selectively investing in land projects, establishing a stable foundation for growth [2] - The company actively invests in various housing types, including commercial housing, affordable housing, and shared ownership housing, creating a diversified residential supply system [2] - The company leverages internal synergies within the Jingneng Group to integrate technology and ecology, as well as residential and industrial projects [2]

Group 1 - The company has revised its articles of association and canceled the supervisory board, which requires approval from the shareholders' meeting [2][4]. - The revision aligns with the new Company Law of the People's Republic of China, effective from July 1, 2024, and related regulations issued by the China Securities Regulatory Commission [3]. - The audit committee within the board has been renamed to the Audit and Risk Management (Legal Compliance) Committee, taking over the responsibilities previously held by the supervisory board [3]. Group 2 - The company assures that the content of the announcement regarding the revision of the articles of association is truthful, accurate, and complete, with no false records or misleading statements [2]. - The company has not reported any significant changes in its operating conditions during the reporting period [2].

Core Viewpoint - Jingneng Real Estate (600791.SH) reported a significant decline in revenue and incurred a net loss for the first half of 2025 [1] Financial Performance - The company achieved a revenue of 718 million yuan, representing a year-on-year decrease of 54.82% [1] - The net profit attributable to shareholders was a loss of 200 million yuan [1] - The non-recurring net profit also showed a loss of 191 million yuan [1] - Basic earnings per share were reported at -0.44 yuan [1]

Core Viewpoint - Jingneng Real Estate (600791) announced that it will hold the second extraordinary general meeting of shareholders on September 22, 2025, to review the proposal for a comprehensive revision of the company's articles of association and the cancellation of the supervisory board [1] Group 1 - The extraordinary general meeting is scheduled for September 22, 2025 [1] - The agenda includes the review of a comprehensive revision of the company's articles of association [1] - The proposal also includes the cancellation of the supervisory board [1]

Core Points - The company announced the approval of the 2025 semi-annual report and summary by the sixth meeting of the ninth supervisory board [2] - The company also approved a comprehensive revision of its articles of association and the cancellation of the supervisory board [2]