Financial Performance - The company's operating revenue for the first half of 2024 was CNY 3,429,871,062, a decrease of 52.81% compared to CNY 7,268,886,173 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was a loss of CNY 738,317,139, a significant decline of 7,815.16% compared to a profit of CNY 9,569,699 in the previous year[20]. - The net cash flow from operating activities was CNY 152,395,882, down 90.15% from CNY 1,547,704,025 in the same period last year[20]. - The total assets at the end of the reporting period were CNY 52,638,412,386, a decrease of 6.38% from CNY 56,225,144,598 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company decreased by 8.30% to CNY 11,779,227,484 from CNY 12,845,583,320 at the end of the previous year[20]. - Basic earnings per share for the first half of 2024 were -CNY 0.22, a decrease of 7,433.33% compared to CNY 0.003 in the same period last year[21]. - The weighted average return on net assets was -5.99%, a decrease of 6.06 percentage points from 0.07% in the previous year[21]. - The company reported a significant decline in both revenue and profit, indicating challenges in the current market environment[20]. - The company continues to face pressure on cash flow and profitability, necessitating strategic adjustments moving forward[20]. Risk Management - The company faces potential risks as outlined in the management discussion and analysis section[5]. - The management has emphasized the importance of risk awareness for investors regarding forward-looking statements[5]. - The company is committed to strengthening risk management and has exited three underperforming project companies[37]. - The company plans to closely monitor market trends and focus on mature markets with favorable investment environments, aiming to optimize development strategies and improve cash recovery rates to mitigate market risks[58]. Corporate Governance - The board of directors confirmed the authenticity, accuracy, and completeness of the semi-annual report, with no significant omissions or misleading statements[2]. - There are no violations of decision-making procedures regarding external guarantees[5]. - The company has not disclosed any significant changes in shareholder structure during the reporting period[7]. - The company did not propose any profit distribution or capital reserve increase plans in the current report[63]. - The company appointed Liang Jie as the new General Manager and elected him as an Executive Director during the 2024 first extraordinary general meeting[61]. - The company held its 2023 annual general meeting on May 16, 2024, where several new directors and supervisors were elected, including independent directors Zhou Yongjian, Gan Peizhong, and Chen Deqiu[62]. Environmental and Social Responsibility - The report includes a section on environmental and social responsibility, indicating the company's commitment to these areas[7]. - The company emphasizes strict compliance with various environmental laws and regulations, implementing internal management measures to enhance environmental protection and energy conservation[64]. - The company has established a carbon peak action plan, focusing on four key tasks: planning and system construction, energy transition, integration of business layout with green development, and special actions in the low-carbon field[66]. - The company actively promotes green construction and has developed green construction plans for multiple ongoing projects, emphasizing resource conservation and pollution control[65]. - The company is committed to enhancing water resource utilization efficiency, conducting assessments on the types, quantities, and quality of recyclable water resources[65]. Market and Business Development - The company is actively preparing for major events such as the 2024 Digital Expo and the 2024 Beijing Science and Technology Expo, enhancing its market presence[33]. - The company is focusing on the "exhibition + real estate" project linkage to drive innovation and development in response to current industry trends[31]. - The company has expanded its management output business, entering 29 cities with a total managed venue area of 4.7 million square meters, maintaining a leading position in the industry[33]. - The company plans to enhance its exhibition business by focusing on the integration of various business segments, aiming to become China's leading exhibition brand[38]. - The company is actively promoting the integration of commercial properties and enhancing market research to create a new commercial ecosystem in the Asia-Oceania region[36]. Financial Position and Debt Management - The company achieved a total financing amount of RMB 1.30 billion during the reporting period, ensuring the stability of its cash flow[37]. - The company has established long-term strategic partnerships with multiple banks and financial institutions, optimizing its debt structure and maintaining a low financing cost advantage[31]. - The company’s long-term borrowings were RMB 10.79 billion, accounting for 20.50% of total liabilities, a decrease of 2.64% from the previous year[44]. - The company’s interest-bearing debt at the beginning and end of the reporting period was CNY 21.968 billion and CNY 21.825 billion, respectively, reflecting a year-on-year decrease of 0.65%[101]. - The total interest-bearing debt under the consolidated scope increased from CNY 24.171 billion to CNY 24.748 billion, representing a year-on-year increase of 2.39%[103]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 126,212[82]. - The largest shareholder, Beijing Beichen Industrial Group Co., Ltd., holds 1,161,000,031 shares, representing 34.482% of the total shares[82]. - HKSCC NOMINEES LIMITED is the second-largest shareholder with 690,876,399 shares, accounting for 20.519%[82]. - The third-largest shareholder, Wangfujing Group Co., Ltd., holds 125,300,000 shares, which is 3.721% of the total[82]. - There are no changes in the number of shares held by the top ten shareholders compared to the previous period[84]. Accounting Policies and Financial Reporting - The financial statements are prepared in accordance with the Chinese Accounting Standards and reflect the company's financial position accurately[134]. - The company has maintained its accounting policies without any changes during the reporting period[125]. - The group recognizes expected credit losses for financial assets measured at amortized cost based on the expected credit loss model, considering historical loss experience and current economic conditions[145]. - The company recognizes revenue when control of goods or services is transferred to customers, with specific conditions for different business types[173]. - The company recognizes expected credit losses for financial guarantee contracts as part of expected liabilities[172].

本公司董事会及全体董事保证本报告内容不存在任何虚假记载、误导性陈述或重大遗 漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 根据上海证券交易所《上市公司行业信息披露指引第二号 — 房地产》的要求， 本公司 2024 年上半年主要经营数据如下： 一、 2024 年上半年房地产开发业务概述 2024 年 1-6 月，就房地产开发而言，在土地储备方面，公司实现总土地储备 421.44 万平方米，权益土地储备 392.38 万平方米，无新增房地产储备；在工程建设方 面，公司实现新开工面积4.00万平方米，开复工面积183.61万平方米，竣工面积8.99 万平方米；在项目销售方面，公司实现销售面积 151,672 平方米，销售金额 21.94 亿 元；结算面积 163,234 平方米，结算金额 20.79 亿元；报告期末待结转面积 109,745 平 方米。 1 | 证券代码：601588 | 证券简称：北辰实业 | | 公告编号：临 | 2024-038 | | --- | --- | --- | --- | --- | | 债券代码：188461 | 债券简称：21 | 北辰 G1 | | | | 债券 ...

| 证券代码：601588 | 证券简称：北辰实业 | | 公告编号：临 | 2024-037 | | --- | --- | --- | --- | --- | | 债券代码：188461 | 债券简称：21 | 北辰 G1 | | | | 债券代码：185114 | 债券简称：21 | 北辰 G2 | | | | 债券代码：185738 | 债券简称：22 | 北辰 G1 | | | | 债券代码：250684 | 债券简称：23 | 北辰 F1 | | | | 债券代码：254174 | 债券简称：24 | 北辰 F1 | | | 北京北辰实业股份有限公司 关于 2024 半年度计提资产减值准备的公告 本公司董事会及全体董事保证本报告内容不存在任何虚假记载、误导性陈述或重大遗漏， 并对其内容的真实性、准确性和完整性承担个别及连带责任。 北京北辰实业股份有限公司（以下简称"公司"或"本公司"）于 2024 年 8 月 28 日召开的第十届董事会第十次会议审议通过了《关于 2024 年半年度计提 资产减值准备的议案》。现将相关情况公告如下： 一、计提资产减值准备情况 为客观、公允地反映本公司截至 2024 ...

北京北辰实业股份有限公司（以下简称"本公司"）第十届董事会第十次会 议于 2024 年 8 月 28 日（星期三）上午 9:30 于北京市朝阳区北辰东路 8 号汇欣大 厦 A 座 12 层第一会议室以现场结合通讯的方式召开。本次会议应出席董事 9 名， 实到董事 8 名，独立非执行董事周永健先生以通讯方式出席并进行表决，独立非 执行董事陈德球先生委托独立非执行董事甘培忠先生进行表决。会议由本公司董 事长李伟东先生主持，本公司部分监事和高级管理人员列席了会议。本次会议的 召开符合公司章程及有关法律法规的相关规定。 会议一致通过决议如下： 一、以 9 票赞成，0 票反对，0 票弃权，批准本公司截至 2024 年 6 月 30 日止 境内半年度报告、报告摘要及境外中期业绩公告、中期报告。 本议案已经本公司董事会审计委员会审议通过并同意提交董事会审议。 | 证券代码：601588 | 证券简称：北辰实业 | | 公告编号：临 | 2024-039 | | --- | --- | --- | --- | --- | | 债券代码：188461 | 债券简称：21 | 北辰 G1 | | | | 债券代码：185114 ...

1、本公司截至 2024 年 6 月 30 日止境内半年度报告、报告摘要及境外中期业 绩公告、中期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。 | 证券代码：601588 | 证券简称：北辰实业 | | 公告编号：临 | 2024-040 | | --- | --- | --- | --- | --- | | 债券代码：188461 | 债券简称：21 | 北辰 G1 | | | | 债券代码：185114 | 债券简称：21 | 北辰 G2 | | | | 债券代码：185738 | 债券简称：22 | 北辰 G1 | | | | 债券代码：250684 | 债券简称：23 | 北辰 F1 | | | | 债券代码：254174 | 债券简称：24 | 北辰 F1 | | | 北京北辰实业股份有限公司 第十届第二次监事会决议公告 本公司监事会及全体监事保证本报告内容不存在任何虚假记载、误导性陈述或重大遗漏， 并对其内容的真实性、准确性和完整性承担个别及连带责任。 北京北辰实业股份有限公司（以下简称"本公司"）第十届监事会第二次会 议于 2024 年 8 月 28 日（星期三） ...

致：香港交易及結算所有限公司 公司名稱: 北京北辰實業股份有限公司(於中華人民共和國註冊成立的股份有限公司) 呈交日期: 2024年8月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | A股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 2,660,000,000 | RMB | | 1 RMB | | 2,660,000,000 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 2,660,000,000 | RMB | | 1 RMB | | 2,660,000,000 | | 2. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- ...

[Table_MainInfo] 公司研究/房地产/房地产 证券研究报告 北辰实业（601588）公司研究报告 2024 年 07 月 21 日 投资评级 优于大市 首次 覆盖 | --- | --- | |---------------------------------------------------|-----------| | 股票数据 | | | 07 [ Table_StockInfo 月 19 日收盘价（元） ] | 1.32 | | 52 周股价波动（元） | 1.25-2.68 | | 总股本 / 流通 A 股（百万股） | 3367/2660 | | 总市值 / 流通市值（百万元） 相关研究 | 4444/3511 | 市场表现 [Table_QuoteInfo] -37.57% -24.57% -11.57% 1.43% 14.43% 2023/7 2023/10 2024/1 2024/4 北辰实业 海通综指 | --- | --- | --- | --- | --- | |--------------------------------------------|-------|- ...

特此公告。 北京北辰实业股份有限公司 董 事 会 | 证券代码：601588 | 证券简称：北辰实业 | | 公告编号：临 | 2024-036 | | --- | --- | --- | --- | --- | | 债券代码：188461 | 债券简称：21 | 北辰 G1 | | | | 债券代码：185114 | 债券简称：21 | 北辰 G2 | | | | 债券代码：185738 | 债券简称：22 | 北辰 G1 | | | | 债券代码：250684 | 债券简称：23 | 北辰 F1 | | | | 债券代码：254174 | 债券简称：24 | 北辰 F1 | | | 北京北辰实业股份有限公司 关于高级管理人员变动的公告 本公司董事会及全体董事保证本报告内容不存在任何虚假记载、误导性陈述或重大遗漏， 并对其内容的真实性、准确性和完整性承担个别及连带责任。 北京北辰实业股份有限公司（以下简称"本公司"）董事会于近日收到副总 经理杜敬明先生的辞任申请。由于达到法定退休年龄，杜敬明先生申请辞去所担 任的本公司副总经理职务。根据相关规定，杜敬明先生的辞任申请自送达董事会 时生效。 本公司于 2024 ...

| 证券代码：601588 | 证券简称：北辰实业 | | 公告编号：临 | 2024-035 | | --- | --- | --- | --- | --- | | 债券代码：188461 | 债券简称：21 | 北辰 G1 | | | | 债券代码：185114 | 债券简称：21 | 北辰 G2 | | | | 债券代码：185738 | 债券简称：22 | 北辰 G1 | | | | 债券代码：250684 | 债券简称：23 | 北辰 F1 | | | | 债券代码：254174 | 债券简称：24 | 北辰 F1 | | | 北京北辰实业股份有限公司关于控股股东增持计划进展 暨首次增持公司股份的公告 本公司董事会、全体董事及相关股东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个别及连带责任。 重要内容提示： 增持计划的主要内容：本公司于 2024 年 7 月 10 日披露了《北辰实业关 于控股股东增持公司股份计划的公告》（公告编号：临 2024-034），公司控股股东 北辰集团计划自 2024 年 7 月 10 日起 6 个月内，通过上海证券交 ...

Financial Performance - Beijing Beichen Industrial Co., Ltd. expects a net loss attributable to shareholders of between -646 million and -749 million yuan for the first half of 2024[2]. - The company anticipates a net profit attributable to shareholders, excluding non-recurring gains and losses, of between -693.6 million and -804.2 million yuan for the same period[2]. - In the same period last year, the net profit attributable to shareholders was 9.57 million yuan, with a net loss of 49.51 million yuan when excluding non-recurring gains and losses[7]. Revenue and Profitability Challenges - The decline in performance is primarily due to reduced revenue from real estate development, with a decrease in the area available for settlement and changes in project structure affecting gross profit margins[9]. - The company is adjusting its marketing strategies dynamically to accelerate project liquidation and cash recovery, which has led to a decrease in gross profit levels[9]. - There are indications of impairment for some real estate projects, prompting the company to conduct preliminary impairment tests on inventory according to accounting standards[9]. Financial Position and Forecast - The expected cash balance at the end of the period is approximately 8.1 billion yuan, indicating sufficient financial reserves and smooth financing channels[4]. - The performance forecast has not been reviewed or audited by registered accountants[5]. - The company assures that there are no significant uncertainties affecting the accuracy of this performance forecast[10]. - Investors are advised to pay attention to investment risks as the forecast data is preliminary and subject to change in the official half-year report[11].