第五届董事会第九次会议决议公告 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 证券代码：603682 证券简称：锦和商管 公告编号：2025-024 上海锦和商业经营管理股份有限公司 （一）本次董事会会议的召开符合《公司法》和《公司章程》的有关规定。 （二）本次董事会会议通知和议案材料于 2025 年 4 月 22 日以书面及电子邮 件形式送达全体董事。 （三）本次董事会会议于 2025 年 4 月 28 日以现场结合通讯的方式召开。 （四）本次董事会会议应参加董事 9 人，实际参加董事 9 人。 （五）本次董事会会议由董事长郁敏珺女士主持。 二、董事会会议审议情况 （一）审议通过《2025 年第一季度报告》 表决结果：9 票赞成，0 票反对，0 票弃权。 公司第五届董事会审计委员会第六次会议审议通过本议案，并同意将该议案 提交董事会审议。 公司 2025 年第一季度报告刊登于公司指定信息披露媒体及上海证券交易所 网站（www.sse.com.cn）。 （二）审议通过《关于制订公司<舆情管理制度>的议 ...

Financial Performance - The company's operating revenue for Q1 2025 was CNY 241,187,966.71, a decrease of 4.92% compared to CNY 253,679,194.86 in the same period last year[4]. - Net profit attributable to shareholders increased significantly by 310.58% to CNY 53,894,661.94 from CNY 13,126,359.90 year-on-year[4]. - Basic and diluted earnings per share rose by 266.67% to CNY 0.11 per share, compared to CNY 0.03 per share in the previous year[4]. - Operating profit for Q1 2025 was CNY 52,515,806.25, a significant improvement from a loss of CNY 178,408.72 in Q1 2024[20]. - Net profit for Q1 2025 reached CNY 50,072,496.14, compared to CNY 10,145,797.83 in Q1 2024, marking a substantial increase[21]. - Total operating revenue for Q1 2025 was CNY 241,187,966.71, a decrease of 4.9% compared to CNY 253,679,194.86 in Q1 2024[19]. - Total operating costs for Q1 2025 were CNY 248,232,281.08, down 4.0% from CNY 258,608,607.79 in Q1 2024[20]. - Earnings per share for Q1 2025 were CNY 0.11, up from CNY 0.03 in Q1 2024[21]. Cash Flow and Assets - The net cash flow from operating activities was CNY 143,592,206.25, down 7.39% from CNY 155,043,493.03 in the same period last year[4]. - Cash flow from operating activities for Q1 2025 was CNY 143,592,206.25, a decrease from CNY 155,043,493.03 in Q1 2024[24]. - Cash inflow from investment activities in Q1 2025 was CNY 190,451,070.41, down from CNY 225,687,990.25 in Q1 2024[24]. - Cash outflow from investment activities for Q1 2025 totaled CNY 151,583,098.13, compared to CNY 210,641,918.75 in Q1 2024[24]. - The company's cash and cash equivalents increased to RMB 295.56 million from RMB 244.81 million[15]. - The ending balance of cash and cash equivalents reached $288,259,259.23, up from $213,076,560.09 year-over-year[25]. - Current assets totaled RMB 547.47 million, slightly up from RMB 531.09 million at the end of 2024[15]. Equity and Liabilities - The total assets at the end of the reporting period were CNY 5,330,482,533.63, a decrease of 2.92% from CNY 5,490,734,127.36 at the end of the previous year[5]. - Total liabilities as of the latest reporting period were CNY 4,227,639,397.76, a decrease from CNY 4,437,974,587.45[17]. - The equity attributable to shareholders increased by 5.31% to CNY 1,073,793,660.98 from CNY 1,019,603,280.25 at the end of the previous year[5]. - Total equity attributable to shareholders was CNY 1,073,793,660.98, an increase from CNY 1,019,603,280.25[17]. Non-recurring Items and Future Plans - Non-recurring gains and losses amounted to CNY 56,231,097.52 after tax, primarily due to government subsidies and financial asset gains[7]. - The decrease in net profit attributable to shareholders after deducting non-recurring gains and losses was 209.20%, influenced by the termination of some leasing projects despite an overall increase in occupancy rates[4][7]. - The company plans to continue expanding its market presence and enhancing operational efficiency through strategic adjustments and potential acquisitions[4]. - The company will implement new accounting standards starting in 2025, which may affect the financial statements[25]. Project Management - The company managed 72 projects with a total area of approximately 1.37 million square meters as of the report date[13].

| 姓名 | 离任 | 离任时间 | 原定任期 | 离任原因 | 是否继续在上 | 具体职 | 是否存在未 | | --- | --- | --- | --- | --- | --- | --- | --- | | | 职务 | | 到期日 | | 市公司及其控 | 务（如适 | 履行完毕的 | | | | | | | 股子公司任职 | 用） | 公开承诺 | | 张杰 | 董事 | 2025/4/28 | 2027/6/26 | 个人原因 | 否 | 不适用 | 否 | 证券代码：603682 证券简称：锦和商管 公告编号：2025-025 上海锦和商业经营管理股份有限公司 关于董事辞职的公告 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个别及连带责任。 一、董事离任情况 （一）提前离任的基本情况 （二）离任对公司的影响 上海锦和商业经营管理股份有限公司（以下简称"公司"）董事会于近日收 到董事张杰先生的书面辞职报告。张杰先生因个人原因，申请辞去董事职务，辞 职后将不在公司担任任何职务。张杰先生辞去董事职务未导致公司董事会成员人 数 ...

Market Performance - The Xiaohongshu concept stock increased by 0.08%, ranking 9th among concept sectors, with 23 stocks rising, including Tianyu Shuke, Lionhead Co., and ST United, which hit the daily limit [1] - The top gainers in the Xiaohongshu concept include Kewah Data, Qingmu Technology, and Wajinke, with increases of 7.53%, 5.99%, and 3.97% respectively [1] - The biggest losers in the sector were Zhongguang Tianze, Yidian Tianxia, and Jinhe Shangguan, with declines of 9.07%, 4.77%, and 3.90% respectively [1] Capital Flow - The Xiaohongshu concept saw a net inflow of 161 million yuan from main funds, with 23 stocks receiving net inflows, and 12 stocks exceeding 10 million yuan in net inflow [1] - Tianyu Shuke led the net inflow with 170 million yuan, followed by Meiri Hudong, Huibo Yuntong, and Kewah Data, with net inflows of 55.78 million yuan, 45.26 million yuan, and 33.34 million yuan respectively [1] - In terms of capital inflow ratios, Lionhead Co., Xuanya International, and Yakang Co. had the highest ratios at 25.56%, 8.99%, and 8.29% respectively [2] Stock Performance - Tianyu Shuke had a daily increase of 10.07% with a turnover rate of 20.42% and a main fund flow of 170.19 million yuan [2] - Other notable performers included Meiri Hudong with a 3.85% increase and a turnover rate of 26.68%, and Huibo Yuntong with a 2.40% increase and a turnover rate of 10.35% [2] - The overall market saw various stocks with significant declines, including Zhongguang Tianze with a drop of 9.07% and a main fund outflow of 39.03 million yuan [5]

证券代码：603682 证券简称：锦和商管 公告编号：2025-023 上海锦和商业经营管理股份有限公司 2024年年度权益分派实施公告 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： 每股分配比例 A 股每股现金红利0.22元 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/5/6 | － | 2025/5/7 | 2025/5/7 | 差异化分红送转： 否 一、通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 4 月 18 日的2024年年度股东大会审议通过。 二、分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分 公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 分配方案： 本次利润分配以方案实施前的公司总股本472,500,000股为基数，每股派发现金红利0.22 元（含税），共计派发现金红 ...

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 证券代码：603682 证券简称：锦和商管 公告编号：2025-022 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 208 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 297,387,568 | | 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（%） | 62.9391 | 上海锦和商业经营管理股份有限公司 2024 年年度股东大会决议公告 (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。 本次股东大会由董事会召集，根据相关法律法规及《公司章程》的规定，经 董事长提议并经董事会半数以上董事同意，推举非独立董事 WANG LI（王立）先 生主持本次股东大会。本次会议采取现场投票与网络投票相结合的表决方式。会 (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 9 人，出席 8 人，董事长郁敏珺女士因工作原 ...

北京市东城区建国门内大街 26 号新闻大厦 7 层、8 层 电话：010-88004488/66090088 传真：010-66090016 邮编：100005 北京国枫律师事务所 法律意见书 国枫律股字[2025]A0120 号 致：上海锦和商业经营管理股份有限公司（贵公司） 北京国枫律师事务所（以下简称"本所"）接受贵公司的委托，指派律师出 席并见证贵公司 2024 年年度股东大会（以下简称"本次会议"）。 本所律师根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中 华人民共和国证券法》（以下简称"《证券法》"）、《上市公司股东大会规则》 （以下简称"《股东大会规则》"）、《律师事务所从事证券法律业务管理办法》 （以下简称"《证券法律业务管理办法》"）、《律师事务所证券法律业务执业 规则（试行）》（以下简称"《证券法律业务执业规则》"）等相关法律、行政 法规、规章、规范性文件及《上海锦和商业经营管理股份有限公司章程》（以下 简称"《公司章程》"）的规定，就本次会议的召集与召开程序、召集人资格、 出席会议人员资格、会议表决程序及表决结果等事宜，出具本法律意见书。 对本法律意见书的出具，本所律师特作 ...

证券代码：603682 证券简称：锦和商管 公告编号：2025-021 上海锦和商业经营管理股份有限公司 关于召开 2024 年度业绩暨现金分红说明会的公告 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： （网址：https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 4 月 18 日(星期五) 至 4 月 24 日(星期四)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 dongban@jinhe.sh.cn 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。 上海锦和商业经营管理股份有限公司（以下简称"公司"）已于 2025 年 3 月 29 日发布公司 2024 年年度报告，为便于广大投资者更全面深入地了解公司 2024 年度经营成果、财务状况，公司计划于 2025 年 4 月 25 日下午 14:00-15:00 举行 2024 年度业绩暨现金分 ...

Core Viewpoint - Despite being in the urban renewal sector, Jinhe Commercial Management (603682.SH), known as the "first stock of urban renewal," has reported disappointing performance in its financial results for 2024 [2][3]. Financial Performance - In 2024, Jinhe Commercial Management achieved an operating income of 1.008 billion yuan, a year-on-year decrease of 2.33% [3]. - The net profit attributable to shareholders dropped to 15 million yuan, down 85.07% year-on-year, while the non-recurring net profit fell dramatically by 334.07% to -96 million yuan [3]. - Since its listing in 2020, the company's net profit has shown a downward trend, decreasing from 156 million yuan in 2020 to 99 million yuan in 2023, and further plummeting to 15 million yuan in 2024 [2][3]. Market Challenges - Jinhe Commercial Management faces challenges in the commercial office market due to oversupply, with difficulties in acquiring project resources and a reduced target customer base [2][3]. - The company acknowledged that some rental projects are still in the ramp-up phase, which has impacted its financial performance [3]. - The Shanghai office market is experiencing a downward rental cycle, with significant new projects entering the market, putting pressure on rental prices [6]. Business Model and Strategy - The company operates primarily in urban renewal, focusing on repositioning and redesigning old properties to enhance their commercial value [5]. - Jinhe Commercial Management's operational model includes rental operations, equity participation, and entrusted operations, with a focus on transforming existing properties into attractive commercial spaces [5]. - As of 2024, the company manages 73 projects covering approximately 1.4 million square meters, with 41 projects under rental operations [5]. Operational Measures - To improve occupancy rates, the company is implementing strategies such as enhancing park services and optimizing leasing strategies, including "exchanging price for volume" to accelerate property leasing [6][7]. - The management is focused on maintaining existing tenants and exploring potential renewal and expansion needs [7].

证券代码：603682 证券简称：锦和商管 公告编号：2025-020 上海锦和商业经营管理股份有限公司 关于控股股东部分股份质押的公告 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： 上海锦和商业经营管理股份有限公司（下称"公司"）控股股东上海锦和 投资集团有限公司（下称"锦和集团"）持有公司股份数量 274,050,000 股，占公 司总股本比例 58.00%。 本次质押后，锦和集团累计质押数量 45,000,000 股，占其持股数量 16.42%。 一、公司股份质押 2025 年 4 月 10 日，公司收到锦和集团通知，其持有的公司部分股份质押给浙 商证券股份有限公司（以下简称"浙商证券"），并在中国证券登记计算有限责任 公司办理了质押登记手续。具体事项如下： 1、本次股份质押基本情况 | | | | 是否为限 | 是否 | | | | | | 占其所 | 占公司 | 质押融 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | - ...