深圳市物业发展(集团)股份有限公司 章程 二〇二五年十一月 | | | | 第一章 | 总 | 则 | | 2 | | --- | --- | --- | --- | --- | | 第二章 | | 经营宗旨和范围 | | 3 | | 第三章 | 股 | 份 | | 4 | | 第一节 | | 股份发行 | | 4 | | 第二节 | | 股份增减和回购 | 5 | | | 第三节 | | 股份转让 | 6 | | | 第四章 | | 股东和股东会 | | 7 | | 第一节 | | 股东 | | 7 | | 第二节 | | 控股股东和实际控制人 | | 10 | | 第三节 | | 股东会的一般规定 | | 12 | | 第四节 | | 股东会的召集 | 17 | | | 第五节 | | 股东会的提案与通知 | 19 | | | 第六节 | | 股东会的召开 | 21 | | | 第七节 | | 股东会的表决和决议 | 24 | | | 第五章 | | 公司党委 | | 29 | | 第六章 | | 董事会 | | 31 | | 第一节 | | 董事 | | 31 | | 第二节 | | 独立董事 | 35 ...

Group 1 - Company reported Q3 performance with revenue of approximately 1.716 billion yuan, a year-on-year increase of 30.2% [1] - Net profit attributable to shareholders was approximately 32.22 million yuan, showing a significant year-on-year increase of 799.78% [1] - Basic earnings per share reached 0.0541 yuan, reflecting a year-on-year increase of 801.67% [1] Group 2 - As of the report, the market capitalization of the company is 6.7 billion yuan [2]

Core Insights - The company reported a third-quarter revenue of 628 million yuan, representing a year-on-year increase of 35.97% [1] - The net profit for the third quarter was 17.79 million yuan, showing a significant year-on-year growth of 415.96% [1] - For the first three quarters, the total revenue reached 1.716 billion yuan, which is a year-on-year increase of 30.20% [1] - The net profit for the first three quarters amounted to 32.22 million yuan, reflecting a remarkable year-on-year growth of 799.78% [1]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥627,863,129.86, representing a 35.97% increase year-over-year[4] - Net profit attributable to shareholders surged to ¥17,793,178.39, a remarkable increase of 415.96% compared to the same period last year[4] - The basic earnings per share for the period was ¥0.0299, reflecting a growth of 418.09% year-over-year[4] - Total operating revenue for the current period reached ¥1,715,772,065.73, an increase of 30.2% compared to ¥1,317,806,652.07 in the previous period[17] - Net profit for the current period was ¥26,059,328.50, a significant recovery from a net loss of ¥5,714,273.57 in the previous period[18] - Earnings per share (basic and diluted) improved to ¥0.0541, compared to ¥0.0060 in the prior period[18] - The total comprehensive income for the current period was ¥25,151,947.73, recovering from a loss of -¥6,211,547.70 in the prior period[18] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥15,304,195,742.46, showing a slight increase of 0.07% from the end of the previous year[4] - The company’s total liabilities increased, with long-term borrowings rising by 44.28% to ¥6,860,827,339.14[8] - Total liabilities decreased slightly to ¥12,048,097,355.29 from ¥12,062,773,542.16[15] - Non-current liabilities increased to ¥7,416,257,535.87 from ¥5,298,107,152.71, indicating a rise of 40.0%[15] - The total equity attributable to shareholders of the parent company rose to ¥3,393,755,784.12 from ¥3,361,683,048.50, reflecting a growth of 1.0%[15] Cash Flow - The company reported a net cash flow from operating activities of -¥2,375,171,150.41, a decrease of 35.50% compared to the previous year[4] - Operating cash inflow for the current period reached ¥2,277,948,060.20, an increase of 19.1% compared to ¥1,912,983,160.40 in the previous period[19] - Net cash outflow from operating activities was ¥2,375,171,150.41, worsening from a net outflow of ¥1,752,947,755.94 in the previous period[19] - Cash inflow from investment activities totaled ¥55,706,929.80, a decrease from ¥132,728.52 in the previous period[20] - Net cash outflow from investment activities was ¥249,064,280.38, compared to a smaller outflow of ¥6,950,775.86 in the previous period[20] - Cash inflow from financing activities amounted to ¥4,498,966,001.99, significantly up from ¥773,984,805.34 in the previous period[20] - Net cash inflow from financing activities was ¥2,991,829,657.95, compared to a net inflow of ¥189,441,247.34 in the previous period[20] - The net increase in cash and cash equivalents for the current period was ¥366,344,100.64, contrasting with a net decrease of ¥1,571,007,852.30 in the previous period[20] - The ending balance of cash and cash equivalents was ¥1,977,143,984.94, up from ¥1,162,131,282.82 in the previous period[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 37,276, with the largest shareholder holding 50.87% of the shares[9] - The company reported a total of 301,411,311 shares held by its largest shareholder, Shenzhen Investment Holdings, representing a significant ownership stake[10] Investments and Expenses - The total investment income for the period increased by 1254.79% to ¥734,579.47, indicating improved performance from joint ventures[8] - The company reported a significant increase in sales expenses, which rose by 128.58% to ¥33,645,290.55 due to increased promotional activities[8] - The company reported a significant increase in tax expenses, which rose to ¥21,952,156.78 from ¥1,220,320.38[18] Other Information - The company plans to issue non-public corporate bonds with a total amount not exceeding RMB 1.2 billion, with a term of up to 5 years[12] - The company has received confirmation from the Shenzhen Stock Exchange regarding the compliance of its bond issuance with listing conditions[12] - The company did not undergo an audit for the third quarter financial report[21] - The company will implement new accounting standards starting from 2025[21]

Core Insights - The stock of Shen Property A reached a daily limit increase, closing at 11.06 yuan on October 28, 2025, with a closing order fund of 81.14 million yuan, accounting for 1.39% of its circulating market value [1] Group 1: Company Performance - Shen Property A benefited from the deepening of state-owned enterprise reforms in Shenzhen and support from the Guangdong-Hong Kong-Macao Greater Bay Area policies [1] - The company reported a year-on-year revenue growth of 27.1% for the first half of 2025, with cash reserves increasing by 69.7% compared to the beginning of the period, indicating significant liquidity improvement [1] - New project reserves, such as the Yangzhou Deep Yang Smart City, provide support for future development [1] Group 2: Market Trends - The recent positive policy expectations in the real estate sector have contributed to a favorable performance in the sector, driving stock price movements [1] - On October 28, 2025, the net inflow of main funds was 57.37 million yuan, accounting for 14.87% of the total trading volume, while retail investors experienced a net outflow of 38.99 million yuan, representing 10.11% of the total trading volume [2]

Core Points - The Shenzhen State-Owned Enterprises Shareholder Return Index (470064) closed at 2305.1 points, down 0.29%, with a trading volume of 34.285 billion yuan and a turnover rate of 1.32% [1] - Among the index constituents, 20 stocks rose while 28 stocks fell, with China National Materials Technology leading the gainers at 5.67% and Shenzhen Properties A leading the decliners at 8.41% [1] Index Constituents Summary - The top ten constituents of the Shenzhen State-Owned Enterprises Shareholder Return Index include: - BOE Technology Group (sz000725) with a weight of 9.64%, latest price at 4.05, and total market value of 151.26 billion yuan [1] - Wuliangye Yibin (sz000858) with a weight of 7.95%, latest price at 120.29, and total market value of 466.92 billion yuan [1] - Hikvision (sz002415) with a weight of 7.72%, latest price at 33.29, and total market value of 305.10 billion yuan [1] - Luzhou Laojiao (sz000568) with a weight of 6.53%, latest price at 130.24, and total market value of 191.71 billion yuan [1] - XCMG Machinery (sz000425) with a weight of 6.28%, latest price at 11.37, and total market value of 133.63 billion yuan [1] - Changan Automobile (sz000625) with a weight of 3.87%, latest price at 12.72, and total market value of 126.11 billion yuan [1] - Shenwan Hongyuan (sz000166) with a weight of 3.78%, latest price at 5.46, and total market value of 136.72 billion yuan [1] - Yunnan Aluminum (sz000807) with a weight of 3.45%, latest price at 23.18, and total market value of 80.39 billion yuan [1] - Yanghe Brewery (sz002304) with a weight of 3.27%, latest price at 69.22, and total market value of 104.28 billion yuan [1] - Changchun High & New Technology (sz000661) with a weight of 3.17%, latest price at 117.84, and total market value of 48.07 billion yuan [1] Capital Flow Summary - The net outflow of main funds from the index constituents totaled 0.881 billion yuan, while speculative funds saw a net inflow of 0.65 billion yuan and retail funds a net inflow of 0.231 billion yuan [3] - Notable capital flows include: - Changan Automobile (000625) with a net inflow of 204 million yuan from main funds [3] - Yunnan Copper (000878) with a net inflow of 71.86 million yuan from main funds [3] - Hubei Energy (000883) with a significant net inflow of 44.39 million yuan from main funds [3]

Core Viewpoint - Shen Property A experienced a significant decline of 8.41% in its stock price, with a trading volume of 4.83 billion yuan and a turnover rate of 8.73% [1] Trading Activity - The stock was listed on the Shenzhen Stock Exchange for a deviation of -9.77% in daily decline, with institutional investors net selling 7.1461 million yuan and the Shenzhen Stock Connect net selling 1.1990 million yuan [1] - The top five trading departments recorded a total transaction of 1.03 billion yuan, with a buying amount of 531.549 million yuan and a selling amount of 497.789 million yuan, resulting in a net buying of 33.760 million yuan [1] Institutional Participation - Among the trading departments, two institutional special seats were involved, with a total buying amount of 10.9364 million yuan and a selling amount of 18.0825 million yuan, leading to a net selling of 7.1461 million yuan [1] - The Shenzhen Stock Connect was the second-largest buying department and the largest selling department, with a buying amount of 11.0288 million yuan and a selling amount of 12.2278 million yuan, resulting in a net selling of 1.1990 million yuan [1] Capital Flow - The stock saw a net outflow of 33.8804 million yuan in main funds, with a significant outflow of 28.7561 million yuan from large orders and 5.1243 million yuan from medium orders [1] - Over the past five days, the main funds experienced a net inflow of 277.437 million yuan [1]

Core Insights - The real estate development sector experienced a decline of 1.08% on October 24, with Shen Property A leading the drop [1] - The Shanghai Composite Index closed at 3950.31, up 0.71%, while the Shenzhen Component Index closed at 13289.18, up 2.02% [1] Real Estate Sector Performance - Notable gainers in the real estate sector included: - Yingxin Development (000620) with a closing price of 2.64, up 10.00% [1] - Heimu Dan (600510) with a closing price of 8.74, up 6.46% [1] - ST Zhongdi (000609) with a closing price of 5.68, up 4.99% [1] - Major decliners included: - Shen Property A (000011) with a closing price of 10.35, down 8.41% [2] - Tianjian Group (000090) with a closing price of 3.85, down 6.33% [2] - Beichen Industry (601588) with a closing price of 1.98, down 5.71% [2] Capital Flow Analysis - The real estate sector saw a net outflow of 211 million yuan from institutional investors and 107 million yuan from retail investors, while retail investors had a net inflow of 318 million yuan [2] - Key stocks with significant capital flow included: - Wantong Development (600246) with a net inflow of 68.84 million yuan from institutional investors [3] - Zhangjiang High-Tech (600895) with a net inflow of 46.32 million yuan from institutional investors [3] - Hefei Urban Construction (002208) with a net inflow of 37.46 million yuan from institutional investors [3]

Core Points - Shenzhen's local stocks surged following the announcement of a new merger and acquisition action plan, with over ten local stocks hitting the daily limit up, including Jian Ke Yuan and Shen Sai Ge [1] - The Shenzhen Securities Regulatory Bureau reported that there have been 257 merger and acquisition cases in the Shenzhen area this year, totaling approximately 61.57 billion yuan [1] - The newly released action plan aims to enhance the quality and quantity of mergers and acquisitions, targeting over 200 projects and a total transaction amount exceeding 100 billion yuan by the end of 2027 [2] Summary by Sections Mergers and Acquisitions Activity - The action plan outlines ten key tasks to improve resource allocation through mergers and acquisitions, supporting the injection of quality assets into Shenzhen-listed companies [1][2] - Since the release of the "Six Merger Guidelines," there have been 215 merger and acquisition proposals from Shenzhen-listed companies, with 160 disclosing transaction amounts exceeding 45 billion yuan [2] Financing and Support Mechanisms - The plan encourages companies to utilize various financing methods, including cash, shares, and convertible bonds, to facilitate mergers and acquisitions [2] - Financial institutions are encouraged to provide credit support through merger loans and syndicate loans [2] Strategic Focus - The action plan emphasizes the development of strategic emerging industries, directing capital towards sectors like artificial intelligence and biopharmaceuticals [2] - There is potential for traditional local companies with low debt and low market value to become targets for mergers and acquisitions, particularly from high-tech firms [3]

Market Overview - A-shares experienced a weak downward trend in the morning but stabilized and rebounded in the afternoon, with all three major indices turning positive by the end of the day [1] - The Shanghai Composite Index closed up 0.22% at 3922.41 points, while the Shenzhen Component Index also rose 0.22% to 13025.45 points [1] - The total trading volume in the Shanghai and Shenzhen markets was 166.09 billion yuan, a decrease of nearly 30 billion yuan from the previous day [1] Sector Performance - The coal sector saw significant gains, with several stocks hitting the daily limit, including Daya Energy, which achieved 9 limit-ups in the last 10 trading days, accumulating a nearly 150% increase [1][15] - The brokerage sector also performed well, with stocks like Harbin Investment and Guosen Securities leading the gains [1] - The media sector was active, with stocks such as Rongxin Culture and Haikan Co. hitting the daily limit [1] - The Shenzhen state-owned assets concept stocks surged, with companies like TeFa Information and Shenwei A also reaching the daily limit [1][19] Quantum Technology Sector - The quantum technology concept stocks saw a significant surge, with Keda Guokuan and Dahua Intelligent both hitting the daily limit, and other stocks like Dipu Technology rising over 14% [3][4] - Recent advancements in quantum communication technology by China Telecom's Quantum Research Institute have been recognized internationally, enhancing China's technological standing in this field [4] - The global quantum race is accelerating, with the Chinese government emphasizing quantum technology as a future industry, indicating potential policy support [5] Coal Market Insights - The coal market is expected to experience a tightening supply-demand balance due to seasonal demand for heating and industrial activity, with analysts predicting a rise in coal prices [17][18] - Recent weather patterns and regulatory measures have constrained coal supply, while demand is anticipated to increase during the winter [17] - Analysts recommend focusing on coal sector investments, particularly in elastic varieties, as the market is expected to recover in the fourth quarter [18] Shenzhen State-Owned Assets - The Shenzhen government has launched an action plan to promote high-quality mergers and acquisitions, aiming for a significant increase in the total market value of listed companies by 2027 [20] - The plan includes fostering a robust merger fund ecosystem and completing numerous high-value merger projects, which could enhance the performance of related stocks [20]