北京金隅集团股份有限公司 2025 年第二次临时股东会 股东会会议文件 北京金隅集团股份有限公司 2025 年第二次临时股东会议程 会议时间：2025 年 11 月 25 日(星期二)14:00 会议地点：环球贸易中心 D 座 22 层第六会议室 会议议程： 9.会议结束 出席人员：股东及股东代表、公司董事、董事会秘书 会议文件 二〇二五年十一月 列席人员：高级管理人员、相关部门负责人、律师、中央证券代表 1.主持人宣布会议开始，提议计票人和监票人 2.审议关于选举董事的议案 3.审议关于选举独立董事的议案 4.股东审议议案，针对议案提问 5.解释投票程序 6.股东投票表决，计票、监票 7.参会董事及董事会秘书签署会议决议 8.法律顾问出具法律意见 股东会会议文件 北京金隅集团股份有限公司 2025 年第二次临时股东会议案 目录 | 一、关于选举董事的议案 | ·························································1 | | --- | --- | | 二、关于选举独立董事的议案 | ································· ...

Core Insights - On November 14, Jinju Group's stock rose by 1.66%, with a trading volume of 240 million yuan [1] - The company reported a financing buy-in of 25.81 million yuan and a net financing buy of 443,100 yuan on the same day [1] Financing Overview - As of November 14, the total financing and securities balance for Jinju Group was 293 million yuan, with a financing balance of 292 million yuan, accounting for 1.90% of the circulating market value [1] - The financing balance is below the 10th percentile level over the past year, indicating a low position [1] Securities Lending Overview - On November 14, Jinju Group repaid 400 shares in securities lending and sold 100 shares, with a selling amount of 184 yuan based on the closing price [1] - The remaining securities lending volume was 837,000 shares, with a balance of 1.54 million yuan, which is above the 60th percentile level over the past year, indicating a relatively high position [1] Company Profile - Jinju Group, established on December 22, 2005, and listed on March 1, 2011, is based in Beijing and operates in sectors including cement, ready-mixed concrete, new building materials, trade logistics, real estate development, and property management [2] - The company's revenue composition includes 52.18% from bulk commodity trading, 31.69% from product sales, and smaller contributions from real estate and other services [2] Financial Performance - For the period from January to September 2025, Jinju Group reported a revenue of 69.49 billion yuan, a year-on-year decrease of 9.80%, and a net profit attributable to shareholders of -1.43 billion yuan, a significant year-on-year decrease of 226.44% [2] Dividend Information - Since its A-share listing, Jinju Group has distributed a total of 7.83 billion yuan in dividends, with 1.52 billion yuan distributed over the past three years [3] Shareholder Structure - As of September 30, 2025, the number of shareholders in Jinju Group increased by 4.04% to 112,900 [2] - Hong Kong Central Clearing Limited is the fourth-largest circulating shareholder, increasing its holdings by 14.25 million shares [3]

Core Viewpoint - The average stock price of A-shares is 13.92 yuan, with 20 stocks priced below 2 yuan, the lowest being *ST Yuan Cheng at 0.58 yuan [1] Stock Price Distribution - As of November 14, the Shanghai Composite Index closed at 3990.49 points, with a relatively small proportion of high-priced and low-priced stocks in the A-share market [1] - Among the low-priced stocks, 8 are ST stocks, accounting for 40% of those priced below 2 yuan [1] Market Performance - Out of the low-priced stocks, 18 saw an increase today, with notable gains from Rongsheng Development (10.17%), Yongtai Energy (9.82%), and *ST Jinke (4.76%) [1] Low-Priced Stock Rankings - The table lists various low-priced stocks, including their latest closing prices, daily price changes, turnover rates, price-to-book ratios, and industries [1] - For example, *ST Yuan Cheng has a closing price of 0.58 yuan, while *ST Suwu and *ST Jinke are at 0.97 yuan and 1.54 yuan respectively [1]

Group 1 - The cement sector experienced a rise of 1.04% on November 13, with Fujian Cement leading the gains [1] - The Shanghai Composite Index closed at 4029.5, up 0.73%, while the Shenzhen Component Index closed at 13476.52, up 1.78% [1] - Fujian Cement's stock price increased by 4.52%, closing at 7.87, with a trading volume of 670,000 shares and a transaction value of 519 million yuan [1] Group 2 - The cement sector saw a net outflow of 134 million yuan from institutional investors and 121 million yuan from speculative funds, while retail investors had a net inflow of 255 million yuan [2] - The trading data for various cement stocks indicates mixed performance, with some stocks experiencing declines, such as Sichuan Jinding, which fell by 3.87% [2][3] - The net inflow and outflow of funds varied significantly among different stocks, with Fujian Cement showing a net inflow of 22.72 million yuan from institutional investors [3]

Core Viewpoint - The average stock price in the A-share market is 14.08 yuan, with 20 stocks priced below 2 yuan, the lowest being *ST Yuan Cheng at 0.58 yuan [1] Summary by Category Stock Price Distribution - As of November 13, the Shanghai Composite Index closed at 4029.50 points, with the average A-share price at 14.08 yuan [1] - There are 20 stocks priced below 2 yuan, with *ST Yuan Cheng being the lowest at 0.58 yuan, followed by *ST Su Wu at 0.98 yuan and *ST Jin Ke at 1.47 yuan [1] - Among the low-priced stocks, 8 are ST stocks, accounting for 40% of the total [1] Market Performance - Out of the low-priced stocks, 16 saw an increase today, with the highest gains from ST Yi Gou (5.29%), *ST Jin Ke (5.00%), and Rongsheng Development (4.73%) [1] - Only 2 stocks experienced a decline, with ST Ling Nan and *ST Hui Feng dropping by 1.03% and 0.53%, respectively [1] Low-Priced Stock Rankings - A detailed ranking of low-priced stocks includes: - *ST Yuan Cheng: Latest closing price 0.58 yuan, market-to-book ratio 0.27, industry: construction decoration [1] - *ST Su Wu: Latest closing price 0.98 yuan, daily turnover rate 1.97%, industry: pharmaceutical [1] - *ST Jin Ke: Latest closing price 1.47 yuan, daily increase 5.00%, industry: real estate [1] - Other notable stocks include Chongqing Steel (1.59 yuan), Yongtai Energy (1.63 yuan), and Shandong Steel (1.65 yuan) [1]

Core Points - The average stock price of A-shares is 13.93 yuan, with 20 stocks priced below 2 yuan, the lowest being *ST Yuan Cheng at 0.58 yuan [1] - As of November 12, the Shanghai Composite Index closed at 4000.14 points, indicating a relatively low proportion of both high-priced and low-priced stocks in the A-share market [1] - Among the low-priced stocks, 8 are ST stocks, accounting for 40% of the total [1] Low-Priced Stocks Summary - The lowest priced stock is *ST Yuan Cheng at 0.58 yuan, followed by *ST Su Wu at 0.98 yuan and *ST Jin Ke at 1.40 yuan [1] - In terms of market performance, 4 of the low-priced stocks increased in price, with Haihang Holdings, *ST Hui Feng, and *ST Su Wu showing gains of 1.09%, 1.08%, and 1.03% respectively [1] - Conversely, 12 stocks declined, with Chongqing Steel, Rongsheng Development, and Yabo Co. experiencing drops of 1.88%, 1.74%, and 1.53% respectively [1] Low-Priced Stocks Table - The table lists various low-priced stocks along with their latest closing prices, daily price changes, turnover rates, price-to-book ratios, and industries [1]

Core Insights - The average stock price in the A-share market is 13.96 yuan, with 21 stocks priced below 2 yuan, the lowest being *ST Yuan Cheng at 0.58 yuan [1][1][1] Low-Priced Stocks Overview - Among the low-priced stocks, 9 are ST stocks, accounting for 42.86% of those priced below 2 yuan [1][1] - The stocks with the highest daily gains include Yabo Co., ST Zhongzhu, and Chongqing Steel, with increases of 4.81%, 2.06%, and 1.91% respectively [1][1] - The stocks with the largest declines are *ST Suwu, Yongtai Energy, and HNA Holding, with decreases of 1.02%, 0.61%, and 0.54% respectively [1][1] Low-Priced Stocks Ranking - The table lists various low-priced stocks along with their latest closing prices, daily change percentages, turnover rates, price-to-book ratios, and industries, highlighting the performance of these stocks in the market [1][1][1]

Core Viewpoint - The Beijing Securities Regulatory Bureau held its first public REITs regulatory work meeting, summarizing the development achievements and current issues in the public REITs market, and outlining key tasks for the next phase [1][2]. Group 1: Market Development - Since the pilot program, the Beijing public REITs market has seen steady growth in scale, with a diverse range of asset types, enhancing market resilience and influence [1]. - As of October 2025, Beijing has listed 15 public REITs with a total fundraising scale of 38 billion yuan, covering seven asset types including rental housing and logistics [1]. - The listed products have shown overall stable operations, with a positive performance in the secondary market, creating a good market demonstration effect [1]. Group 2: Current Issues - The meeting reported four main issues in the current market, including the responsibilities of fund managers, operational management capabilities of certain projects, valuation, and information disclosure [1]. Group 3: Recommendations and Future Focus - Representatives from various fund management companies and original rights holders discussed topics such as operational collaboration, asset type expansion, fundraising mechanisms, and ecosystem construction [2]. - The meeting emphasized that 2025 is a critical year for the "14th Five-Year Plan" and urged all parties involved in REITs to focus on compliance, professionalism, and innovation [2]. - Key actions include enhancing compliance awareness, improving professional capabilities, and driving innovation to explore new asset types and develop a multi-tiered REITs market system [2]. Group 4: Collaborative Efforts - All market participants are encouraged to build a healthy ecosystem for the REITs market, with fund managers taking responsibility to effectively utilize public REITs to support high-quality economic development in the capital [3]. - Collaboration among all parties is essential to create a unique "capital brand" for the REITs market, emphasizing quality and sustainability [3]. - Strengthening regular communication with regulatory authorities is crucial to leverage Beijing's geographical and asset advantages for the distinctive development of its REITs market [3].

Group 1 - Zhengzhou released the 2025 tenth batch of talent apartment allocation plan, with 677 units available for rent in two projects located in Jinshui District and Guancheng District [1] - The Gaocun Riverside Garden talent apartment offers 170 units with sizes ranging from 46.06 to 87.95 square meters, with monthly rents between 878 and 1346 yuan [1] - Utility costs are set at 0.56 yuan per kilowatt-hour for electricity and 4.4 yuan per ton for water, subject to municipal regulations [1] Group 2 - Zhang Suoquan has been appointed as the Party Secretary of Beijing Construction Group, with a recommendation for the position of Chairman [2] - The leadership adjustment was announced during a meeting on November 10, with Xie Fuhai no longer holding leadership positions in the group [2] Group 3 - Kong Qinghui resigned from the position of Vice General Manager of Beijing Jinyu Group, citing work changes, but will continue as Deputy Secretary of the Party Committee [3] Group 4 - Beike reported a net income of 23.1 billion yuan for Q3 2025, a year-on-year increase of 2.1%, with a net profit of 747 million yuan [4] - The existing housing business GTV increased by 5.8% to 505.6 billion yuan, while new housing business GTV grew approximately 11% in the first three quarters [4] - Non-real estate transaction business accounted for 45% of net income in Q3, with R&D expenses rising by 13.2% to 648 million yuan [4] Group 5 - Jianye Real Estate reported a property contract sales amount of 561 million yuan in October, a year-on-year decrease of 41.4% [5] - The contracted sales area was approximately 80,900 square meters, down 49.3% year-on-year, while the average sales price increased by 15.5% to 6,933 yuan per square meter [5]

Group 1 - Zhengzhou released the 10th batch of talent apartment allocation plan for 2025, with 677 units available for rent in two projects located in Jinshui District and Guancheng District [1] - The Gaocun Riverside Garden talent apartment offers 170 units with sizes ranging from 46.06 to 87.95 square meters, with monthly rents between 878 and 1346 yuan [1] - Utility costs are set at 0.56 yuan per kWh for electricity and 4.4 yuan per ton for water, subject to changes based on municipal regulations [1] Group 2 - Zhang Suoquan was appointed as the Party Secretary and recommended as the Chairman candidate for Beijing Construction Group [2] - The leadership adjustment was announced during a meeting held on November 10, with Xie Fuhai no longer holding leadership positions in the group [2] Group 3 - Kong Qinghui resigned from the position of Deputy General Manager of Beijing Jinyu Group, citing work changes, but will continue as Deputy Secretary of the Party Committee [3] Group 4 - Beike reported a net income of 23.1 billion yuan for Q3 2025, a year-on-year increase of 2.1%, with a net profit of 747 million yuan [4] - The existing housing business GTV increased by 5.8% to 505.6 billion yuan, while new housing business GTV grew approximately 11% in the first three quarters [4] - Non-real estate transaction business accounted for 45% of net income in Q3, with R&D expenses rising by 13.2% to 648 million yuan [4] Group 5 - Jianye Real Estate reported a property contract sales amount of 561 million yuan in October, a year-on-year decrease of 41.4% [5] - The contracted sales area was approximately 80,900 square meters, down 49.3% year-on-year, while the average sales price increased by 15.5% to 6,933 yuan per square meter [5]