Group 1: Company Overview - Shenzhen Zhenye Group is a state-controlled enterprise focused on real estate development, with projects in cities like Shenzhen, Huizhou, Dongguan, Xi'an, Changsha, and Tianjin [2][3] - The company aims to control development speed based on land and market conditions to ensure stable operations [2][3] Group 2: Financial Performance - In the first half of 2015, the company's revenue significantly increased compared to the same period last year, with expectations for multiple new projects to launch in the second half, potentially boosting annual performance [3] - The company successfully issued 15 million corporate bonds in the first half, with most funding sourced from bank loans [2][3] Group 3: Market Conditions - Shenzhen's housing prices have risen sharply due to limited developable land and high population density, creating a significant supply-demand imbalance [3] - The company anticipates that this supply-demand imbalance will persist for a considerable time, distinguishing Shenzhen from second and third-tier cities [3] Group 4: Future Strategies - The company plans to continue focusing on the real estate sector, emphasizing specialization to enhance product quality, centralization as a development direction, and the overall favorable conditions in the real estate market [4] - There are currently no plans for upstream or horizontal mergers and acquisitions, as the company has strategically focused on real estate development [4] Group 5: Land Reserves and Shareholder Engagement - The company has no land reserves in the Qianhai area but holds commercial properties nearby [5] - The major shareholder, Shenzhen State-owned Assets Supervision and Administration Commission, has shown a commitment to increasing its stake, currently holding 34% of the company's shares [5]

Group 1: Company Overview and Market Context - The company is aware of the significant investor interest in state-owned enterprise reforms and asset injections, but has not received any official news or notifications regarding these matters [2][3]. Group 2: Financial Performance - In the first half of the year, the company successfully issued 1.5 billion in corporate bonds, with remaining funds sourced from bank loans and project cash flow, avoiding high-cost financing such as trusts [3]. Group 3: Land Acquisition Strategy - The company plans to focus on land resources centered around Shenzhen, exploring acquisition channels through mergers, cooperative development, and urban renewal to enhance sustainable growth [3][4]. Group 4: Project Collaborations - The company is collaborating with the Shenzhen Metro Group on the "Jinhui Park" project, which has a construction area of 270,000 square meters, and further cooperation will require additional discussions [3][4]. Group 5: Sales Strategy - The company has several projects ready for sale in the second half of the year, including Zhenye Luanshan Valley Garden Phase II and others, with plans to develop a sales strategy based on market conditions [4].

编号： 证券代码：000006 证券简称：深振业 A 深圳市振业（集团）股份有限公司投资者关系活动记录表 | --- | --- | --- | --- | |----------------|--------------------------------|--------------|------------------------------------------------------------| | | | | | | 投资者关系活动 | □ 特定对象调研 | □ 分析师会议 | | | 类别 | □ 媒体采访 | □ 业绩说明会 | | | | □ 新闻发布会 | □ 路演活动 | | | | □ 现场参观 | | | | | √ 其他 （公司调研） | | | | 参与单位名称及 | | | 瑞士信贷：杜劲松 施罗德投资管理公司：徐博 百达资产管莉公 | | 人员姓名 | | | 司：王岚、侯颖 三井住友投资管理公司：胡彬 国泰君安：申思聪 | | | 梁荣 | | | | 时间 | 2015 年 5 月 8 日 | | | | 地点 | 公司 16 楼会议室 | | | | 上市公司接待人 ...

证券代码：000006 证券简称：深振业 A 编号：2015-007 1 深圳市振业（集团）股份有限公司投资者关系活动记录表 | --- | --- | --- | |----------------|-------------------------------|-----------------------------------------------------------| | | | | | 投资者关系活动 | □ 特定对象调研 | □ 分析师会议 | | 类别 | □ 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | √ 其他 （公司调研） | | | 参与单位名称及 | | 光大证券：胡海波 嘉实基金：易叶舟 博时基金：倪玉娟 国信证 | | 人员姓名 | 券：周科 华银基金：李洁等 | 10 家调研机构 | | 时间 | 2015 年 10 月 29 日 | | | 地点 | 公司 16 楼会议室 | | | 上市公司接待人 | | 董事会秘书：彭庆伟；董办主任助理：罗丽芬；职员：牛佳琪 | | 员姓名 | | | | 投资 ...

Group 1: Real Estate Market Insights - Shenzhen's housing prices have seen significant increases due to limited land availability and high population density, leading to a persistent supply-demand imbalance [2] - The upward trend in housing prices is expected to continue for a considerable period, making it difficult to resolve the supply-demand conflict [2] Group 2: Company Land Reserve and Development Plans - The company plans to focus on land resource exploration centered around Shenzhen and existing project locations, enhancing development potential through various strategies including mergers and acquisitions [3] - The company is actively monitoring the dynamics of the primary land market while exploring opportunities in urban renewal [3] Group 3: Corporate Governance and Employee Initiatives - The company is closely observing state-owned enterprise reforms but has not received specific plans or notifications regarding its own reform initiatives [3] - Currently, the company is only in the preliminary research phase regarding an employee stock ownership plan [4] Group 4: Financial and Project Updates - The company successfully issued 1.5 billion RMB in corporate bonds in the first half of the year, with additional funding sourced from bank loans and project cash flow [4] - Ongoing projects include various residential developments, with sales expected to continue for several key projects throughout 2015 [4]

Group 1: Company Operations and Strategy - The company is currently researching capital market operations to achieve breakthroughs, but there has been no substantial progress yet [3][4] - The company has established a real estate development-focused business model and has no plans for transformation [4] - The company aims to ensure sustainable development by formulating land reserve plans annually, focusing on existing project locations while actively seeking quality land projects [4] Group 2: Collaboration and Market Position - The company is collaborating with the Metro Group on a project, which is progressing well despite uncertainties due to the land nature of the project [3] - The company is observing the recent directional issuance by Tianjian Group, which introduces strategic investors and employee stock ownership plans, but it does not fully define it as a state-owned enterprise reform matter [2][3] Group 3: Future Plans and Market Outlook - The company plans to maintain its land reserve strategy in 2015, prioritizing existing project locations while expanding its scale [4] - The company is exploring the possibility of directional issuance based on its current equity structure, aiming to leverage insights from capital market operations [3]

Group 1: Company Overview - Shenzhen Zhanyie (Group) Co., Ltd. is actively monitoring the overall situation of state-owned enterprise reform in Shenzhen, which has yet to yield specific plans despite being mentioned in the 12th Five-Year Plan [2][3]. Group 2: Shareholder Information - The second largest shareholder currently holds 15% of the company's equity and occupies 3 out of 9 board seats, without appointing senior management personnel [3]. Group 3: Future Development and Financing - The company is in the process of issuing corporate bonds and is actively researching related financing options in the capital market [3]. - The management has reduced its holdings in Zhongzhou Holdings to improve asset utilization efficiency and expand funding sources, with the proceeds being reinvested into company projects [3][4]. Group 4: Project Updates - The company has initiated a collaboration with the Metro Group for the development of metro projects, which is currently progressing well and is expected to generate sales next year [4]. Group 5: Strategic Goals - The company aims to focus on Shenzhen and its existing project locations while exploring quality land resources, striving to become a leading real estate development enterprise [4].

Group 1: Real Estate Market Insights - Recent government adjustments in real estate policies have a positive impact on the market, but explosive price increases are not expected. The future presents both opportunities and challenges for real estate companies [2]. Group 2: Project Development and Collaboration - The general procedure for acquiring land reserves for subway projects involves government compensation to the subway group, with the company collaborating with the subway group to develop projects without exclusivity [3]. Group 3: Corporate Governance and Shareholder Engagement - The major shareholder's next round of shareholding increase is scheduled for next year, following the completion of this year's plan [3]. - The company has received recommendations for two non-independent directors and one independent director from the Baoneng Group, who will not participate in daily management [4]. Group 4: Company Performance and Future Plans - The company's current sales situation is normal, with ongoing projects expected to complete by the second half of the year, aiming to meet performance targets set at the beginning of the year [4]. - The company plans to establish annual land reserve plans with corresponding budget allocations to ensure continuous development and seek quality land resources [4].

编号： 证券代码：000006 证券简称：深振业 A 深圳市振业（集团）股份有限公司投资者关系活动记录表 | --- | --- | --- | |----------------|------------------------------|----------------------------------------------------------------| | | | | | 投资者关系活动 | □ 特定对象调研 | □ 分析师会议 | | 类别 | □ 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | √ 其他 （公司调研） | | | 参与单位名称及 | | 中银国际：袁豪、卢骁峰 方正证券：夏磊、赵若琼等 6 家机构研 | | 人员姓名 | | | | | 究员 | | | | | | | 时间 | 2015 年 4 月 15 日 | | | 地点 | 集团 16 楼会议室 | | | 上市公司接待人 | | 董是会秘书：彭庆伟 董办职员：牛佳琪、韩彦威 | | 员姓名 | | | | 投资者关系活动 | 一、按照 20 ...

Financial Performance - In 2014, the company achieved a revenue of 2.328 billion CNY and a net profit of 510 million CNY, with a total contract sales area of 306,200 square meters and cash recovery of 3.039 billion CNY [2] - The company plans to recover no less than 4.2 billion CNY in funds and achieve contract sales revenue of no less than 4.1 billion CNY in 2015 [3] Business Focus - The company has been focusing on real estate development since 2005, with plans to explore industrial park development and tourism real estate in the future, but will remain focused on its core business in the short term [3] - The company has not encountered significant difficulties in the sales of completed projects, except for the Huizhou project, which has been affected by regulatory controls [4] Corporate Strategy - The company is actively researching and exploring capital market operations and is optimistic about the potential for state-owned enterprise reforms [4] - The company has implemented an employee stock ownership plan since 2005 and is currently studying the feasibility of further employee stock ownership plans [4] Shareholding Changes - The company's reduction of holdings in Zhongzhou Holdings is primarily based on overall financial arrangements and investment return considerations, unrelated to the municipal state-owned assets supervision and administration commission [4] - The reduction of holdings by Baoneng Group has not impacted the operation of the company's board of directors [5]