深圳市物业发展(集团)股份有限公司 2025 年半年度报告全文 深圳市物业发展(集团)股份有限公司 2025 年半年度报告 （公告编号：2025-47） 【2025 年 8 月】 1 深圳市物业发展(集团)股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人王航军、主管会计工作负责人蔡丽莉及会计机构负责人(会计 主管人员)蔡克林声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 公司半年度报告中部分涉及未来经营计划或经营工作安排的描述，相关 计划或安排的落实受到多方面因素的影响，并不构成公司对于投资者的实质 承诺，投资者及相关人士均应当对此保持足够的风险认识，并且应当理解计 划、预测与承诺之间的差异。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | 第一节 | 重要提示、目录和释义 | 2 | | --- | --- | --- | | 第二节 | 公司简介和主 ...

Group 1 - The core point of the news is the decline in the stock price of Shenzhen Property Development (Group) Co., Ltd. (深物业A), which fell by 5.13% to 9.07 CNY per share, with a trading volume of 183 million CNY and a turnover rate of 3.73%, resulting in a total market capitalization of 5.406 billion CNY [1] - Shenzhen Property Development's main business involves real estate development, with revenue composition as follows: property management 58.32%, real estate 36.71%, and leasing operations 4.97% [1] - The top circulating shareholder of Shenzhen Property Development is a fund under Southern Fund, which increased its holdings in the Southern CSI Real Estate ETF (004642) by 974,500 shares, bringing the total to 2.6176 million shares, accounting for 0.44% of circulating shares [2] Group 2 - The Southern CSI Real Estate ETF (004642) was established on August 24, 2017, with a current scale of 173 million CNY. Year-to-date returns are 6.15%, ranking 3910 out of 4222 in its category, while the one-year return is 31.67%, ranking 2849 out of 3766 [2] - The fund manager of the Southern CSI Real Estate ETF is Luo Wenjie, who has a cumulative tenure of 12 years and 131 days, with the fund's total asset size at 138.999 billion CNY. The best return during his tenure is 141.73%, while the worst return is -47.6% [3]

（文章来源：证券日报） 证券日报网讯深物业A8月19日在互动平台回答投资者提问时表示，董事长空缺期间按公司章程规定已 经推举董事、总经理代行其职责，期间公司运作规范、治理高效。目前公司已经在统筹推进第十届董事 会相关换届工作。 ...

深圳市物业发展(集团)股份有限公司 证券代码：000011 200011 股票简称：深物业A 深物业B 编号：2025-45号 关于为全资子公司向银行申请授信额度提 供资产抵押担保的进展公告 本次提供担保的被担保对象深圳市国贸物业管理有限公司资产 负债率超过70%，本次担保后公司及控股子公司对外担保总额超过最 近一期经审计净资产100%，敬请广大投资者注意相关风险。 一、担保情况概述 深圳市物业发展（集团）股份有限公司（以下简称"公司"）于 2025年7月25日、2025年8月11日召开第十届董事会第37次会议、2025 年第四次临时股东会，审议通过了《关于为全资子公司向银行申请授 信额度提供资产抵押担保的议案》，同意公司与中国民生银行股份有 限公司深圳分行（以下简称"民生银行"）签署抵押担保协议，为全 资子公司深圳市国贸物业管理有限公司（以下简称"国贸物管"）向 民生银行申请贷款授信额度提供抵押担保，担保本金金额不超过9亿 元。具体内容详见公司分别于2025年7月26日、2025年8月12日在巨潮 资讯网（www.cninfo.com.cn）披露的《第十届董事会第37次会议决议 公告》（公告编号：2025- ...

Core Viewpoint - The recent performance of the China Securities State-Owned Enterprises Dividend Index indicates a positive trend, with specific stocks showing significant gains, reflecting a favorable investment environment for dividend products [1][2]. Group 1: Market Performance - As of August 14, 2025, the China Securities State-Owned Enterprises Dividend Index (000824) increased by 0.15%, with notable stocks such as COFCO Sugar (600737) hitting the daily limit up, and Jianfa Co. (600153) rising by 4.45% [1]. - The National Enterprise Dividend ETF (159515) is currently priced at 1.16 yuan, indicating a consolidation phase [1]. - The top ten weighted stocks in the index account for 16.77% of the total index weight, with significant contributors including COSCO Shipping Holdings (601919) and Jizhong Energy (000937) [2]. Group 2: Investment Strategy - According to Everbright Securities, the China Securities Regulatory Commission has signaled a commitment to controlling large-scale IPO expansions while fostering long-term capital, which is expected to stabilize short-term market fluctuations and enhance the investment atmosphere [1]. - High-dividend assets such as banks and public utilities are recommended for portfolio stability, balancing overall volatility [1]. - Dividend products are seen as providing differentiated investment options, potentially enhancing the long-term holding experience for investors [1].

Core Viewpoint - The stock price of Shen Property A experienced fluctuations on August 13, closing at 10.13 yuan, down 3.71% from the previous trading day, amidst a backdrop of active performance in the Shenzhen real estate market [1] Company Overview - Shen Property A is a representative real estate enterprise in Shenzhen, primarily engaged in real estate development and operation, covering residential development and commercial real estate operations [1] Market Performance - On August 13, the stock opened at 11.04 yuan, reached a high of 11.18 yuan, and a low of 10.01 yuan, with a trading volume of 644,929 hands and a transaction amount of 672 million yuan [1] - The stock exhibited rapid fluctuations, with a drop of over 2% within 5 minutes at 9:43 AM, followed by a rebound of over 2% at 10:48 AM [1] Capital Flow - On August 13, there was a net outflow of main funds amounting to 51.21 million yuan, representing 0.96% of the circulating market value [1] - Over the past five trading days, the cumulative net inflow of main funds was 61.26 million yuan, accounting for 1.15% of the circulating market value [1]

Group 1 - The real estate sector in Shenzhen has seen a significant rise, with local companies like Shenwuye A, Shahe Co., and Shen Zhenye A hitting the daily limit up. Shen Shenfang A increased by over 5%, and Hualian Holdings rose by over 4% [1] - In August, stocks such as Shenwuye A, Shen Zhenye A, and Shen Shenfang A have experienced gains exceeding 20% [1] - Recent policy changes have positively impacted the real estate market, leading to increased activity and favorable conditions for buyers [1] Group 2 - In the first half of the year, Shenzhen's second-hand housing market maintained a healthy performance with an average monthly transaction volume exceeding 5,000 units [2]

Investment Rating - The industry rating is optimistic, expecting overall returns to exceed the CSI 300 index by more than 5% in the next six months [11]. Core Insights - The report highlights that the real estate sector is experiencing a positive market trend, with the Shanghai Composite Index and Shenzhen Composite Index rising by 0.34% and 1.42% respectively on August 11, 2025. The Shenwan Real Estate Index increased by 1.24% [3]. - Specific developments include the planning adjustments in Shenzhen's Guangming District, which involve four residential land plots with varying land areas and floor area ratios [5]. - Guangzhou's state-owned enterprise, Zhujiang Real Estate, has initiated a price guarantee action for seven projects, promising to compensate buyers for price differences until the end of the year [6]. Market Performance - The top five performing stocks in the real estate sector include Shen Property A, Wantong Development, Tianbao Construction, Fuxing Shares, and Jintou City Development, with respective increases of 10.01%, 9.96%, 6.65%, 6.41%, and 6.01%. Conversely, the largest declines were seen in Rongfeng Holdings, Yatong Shares, Huali Family, Guangming Real Estate, and Shangshi Development, with decreases of -4.81%, -2.92%, -1.70%, -1.11%, and -1.04% [4]. Company Announcements - Huazhong City Holdings announced a suspension of trading due to a court-ordered liquidation [9]. - Zhuhai Huafa Industrial Co., Ltd. adjusted the coupon rate of its corporate bonds from 3.90% to 2.30%, with a total issuance of 2 billion yuan and a maturity of five years [9]. Industry News - The Shenzhen Intermediate People's Court announced the auction of the Shenzhen Huangting Plaza, with an estimated value of 4.361 billion yuan and a starting price of approximately 3.053 billion yuan [8].

Market Overview - The Shanghai Composite Index rose by 0.5% to 3665.92 points, the Shenzhen Component Index increased by 0.53% to 11351.63 points, the ChiNext Index climbed by 1.24% to 2409.4 points, and the STAR 50 Index gained 1.91% to 1069.81 points. The total trading volume in the Shanghai and Shenzhen markets reached 18815.2 billion yuan [1]. Sector Movements - Market hotspots were scattered, with active performance in the robotics sector, leading to stocks like Feiya and others hitting the daily limit. The brain-machine interface concept also saw strength, with stocks like Zhejiang Dongri reaching the daily limit. The real estate sector was active, with companies like Shahe Co. also hitting the daily limit [1]. Stock Performance - A total of 60 stocks hit the daily limit, with 112 stocks rising over 7%, 82 stocks increasing between 5-7%, and 195 stocks rising between 3-5%. Conversely, 2917 stocks fell within 0-3%, and 15 stocks dropped over 7% [4]. Notable Stocks - Key stocks hitting the daily limit included: - Jiuding Investment (600053.SH) with plans for acquisition and involvement in humanoid robots and real estate [5] - Shahe Co. (000014.SZ) focusing on real estate and project advancement [5] - Zhejiang Dongri (600113.SH) involved in brain-machine interfaces and state-owned enterprise reform [5] - Xinjiang Torch (603080.SH) in the natural gas sector [5] - Feiya (000026.SZ) linked to aerospace and robotics [5] Industry Insights - The Ministry of Industry and Information Technology and six other departments recently released opinions on promoting the innovation and development of the brain-machine interface industry. By 2027, breakthroughs in key technologies are expected, along with the establishment of an advanced technical, industrial, and standard system [6].

Group 1 - The Shenzhen state-owned enterprise reform concept rose by 1.56%, ranking 6th among concept sectors, with 23 stocks increasing, including Shahe Co., Shen Property A, and Shen Zhenye A hitting the daily limit [2] - Leading gainers included Shen Property A, which rose by 5.27%, Shen Zhenye A by 4.70%, and Te Li A by 3.46% [2] - The largest declines were seen in Shen Water Planning Institute, which fell by 7.31%, followed by Zhongxin Saike and Weiguang Biology, down by 1.84% and 0.67% respectively [2] Group 2 - In terms of capital flow, the Shenzhen state-owned enterprise reform sector experienced a net outflow of 0.36 billion yuan, with 10 stocks seeing net inflows [3] - The top net inflow was from Shen Zhenye A, with a net inflow of 72.99 million yuan, followed by Shen Property A and Te Li A with net inflows of 60.75 million yuan and 36.42 million yuan respectively [3][4] - The net inflow ratios for Shen Property A, Shen Zhenye A, and Shahe Co. were 12.71%, 8.84%, and 6.56% respectively [3]