Core Insights - Shahe Co., Ltd. experienced a 5.06% decline in stock price, trading at 19.34 CNY per share with a total market capitalization of 4.681 billion CNY as of October 15 [1] Company Overview - Shahe Co., Ltd. is located in Nanshan District, Shenzhen, Guangdong Province, established on July 27, 1987, and listed on June 2, 1992 [1] - The company's main business involves real estate development and operation, with revenue composition as follows: 72.68% from real estate sales, 23.77% from property leasing, and 3.55% from property management [1] Shareholder Information - Among the top ten circulating shareholders, a fund under Southern Fund holds a significant position. The Southern CSI Real Estate ETF initiated an increase of 81,400 shares in the second quarter, bringing its total holdings to 2.1637 million shares, which accounts for 0.89% of circulating shares [2] - The estimated floating loss for the fund today is approximately 2.2286 million CNY [2] Fund Performance - The Southern CSI Real Estate ETF was established on August 24, 2017, with a current scale of 173 million CNY. Year-to-date returns stand at 10.37%, ranking 3504 out of 4220 in its category, while the one-year return is 7.52%, ranking 3355 out of 3857. Since inception, the fund has incurred a loss of 38.49% [2]

Core Viewpoint - The Shenzhen state-owned enterprise reform sector in the A-share market has shown significant upward movement, with several stocks reaching their daily limit up. Group 1: Stock Performance - Shenfangzhi A and Shen Zhenye A stocks hit the daily limit up [1] - Shen Saige stock increased by over 4% [1] - Shahe Co. stock rose by over 2% [1]

Group 1 - The core point of the news is that Shahe Co., Ltd. experienced a stock price increase of 5.09%, reaching 20.85 CNY per share, with a trading volume of 317 million CNY and a turnover rate of 6.46%, resulting in a total market capitalization of 5.047 billion CNY [1] - Shahe Co., Ltd. is primarily engaged in real estate development and management, with its revenue composition being 72.68% from real estate sales, 23.77% from property leasing, and 3.55% from property management [1] Group 2 - Among the top ten circulating shareholders of Shahe Co., Ltd., a fund under Southern Fund has increased its holdings by 81,400 shares, bringing its total to 2.1637 million shares, which accounts for 0.89% of the circulating shares [2] - The Southern CSI Real Estate ETF Fund has achieved a year-to-date return of 10.17%, ranking 3614 out of 4220 in its category, and a one-year return of 9.39%, ranking 3320 out of 3852 [2]

Group 1 - The core viewpoint of the news is that Shahe Co., Ltd. has seen a significant increase in its stock price, rising by 5.02% to reach 19.68 CNY per share, with a trading volume of 1.44 billion CNY and a turnover rate of 3.08%, resulting in a total market capitalization of 4.763 billion CNY [1] - Shahe Co., Ltd. is primarily engaged in real estate development and management, with its revenue composition being 72.68% from real estate sales, 23.77% from property leasing, and 3.55% from property management [1] - The company is located in Nanshan District, Shenzhen, Guangdong Province, and was established on July 27, 1987, with its listing date on June 2, 1992 [1] Group 2 - Among the top circulating shareholders of Shahe Co., Ltd., a fund under Southern Fund has increased its holdings in the company, specifically the Southern CSI Real Estate ETF Initiated Link A (004642), which added 81,400 shares in the second quarter, bringing its total holdings to 2.1637 million shares, accounting for 0.89% of the circulating shares [2] - The Southern CSI Real Estate ETF Initiated Link A (004642) has a current scale of 173 million CNY and has achieved a year-to-date return of 9.28%, ranking 3614 out of 4220 in its category, while its one-year return is 8.46%, ranking 3552 out of 3846 [2] - The fund manager of the Southern CSI Real Estate ETF Initiated Link A is Luo Wenjie, who has a tenure of 12 years and 165 days, with the fund's total asset scale being 138.999 billion CNY [3]

Group 1 - The real estate sector experienced a volatile rebound on September 24, with several stocks hitting the daily limit up, including Yunnan City Investment, Shanghai Lingang, Shibei High-tech, and Shenzhen Zhenye A [1] - By 9:55 AM, stocks such as Shangshi Development, Yuhua Development, and Shahe Shares also saw significant increases [1] Group 2 - Notable stock performances included Yunnan City Investment at 2.82 with a rise of 10.16%, and Shibei High-tech at 5.84 with a rise of 9.98% [2] - Other stocks that showed positive movement included Shenzhen Zhenye A at 9.27 with a rise of 9.96%, and Shangshi Development at 4.66 with a rise of 7.62% [2]

Group 1 - The real estate sector continues to rise, with stocks such as Shen Zhen Yi A, Da Long Real Estate, and Shi Bei Gao Xin hitting the daily limit [1] - Other companies like Shang Hai Lin Gang, Shang Shi Development, Yu Development, Sha He Shares, and Shen Wu Yi A also experienced gains [1]

Group 1 - The A-share market saw a strong performance in real estate stocks, with notable gains in several companies [1] - Yunnan Chenggong and Shen Zhen Ye A reached the daily limit up, while Shanghai Lingang increased by over 8% [1] - Other companies such as Shangshi Development and Shibei Gaoxin rose by more than 7%, and several others including Dalong Real Estate and Zhangjiang Hi-Tech increased by over 5% [1]

Group 1 - The real estate sector continues to rise, with several companies experiencing significant stock price increases [1] - Shen Zhen Yi A, Da Long Real Estate, and Shi Bei Gao Xin reached their daily price limit, indicating strong market interest [1] - Other companies such as Shang Shi Development, Yu Development, Sha He Shares, and Shen Property A also saw price increases, reflecting a broader positive trend in the sector [1]

Core Viewpoint - Shahe Co., Ltd. announced that its stock price experienced an abnormal fluctuation, with a cumulative increase of 26.17% over three consecutive trading days from September 19 to September 23, 2025 [1] Summary by Relevant Sections - Stock Price Movement - The stock price of Shahe Co., Ltd. showed a cumulative increase of 26.17% over three consecutive trading days [1] - Company Self-Examination - The company conducted a self-examination and found no need to correct or supplement previously disclosed information [1] - Media Reports - The company did not identify any recent media reports that could have significantly impacted its stock trading price with undisclosed major information [1]

格隆汇9月23日｜沙河股份股票交易异常波动公告，公司未发现近期公共传媒报道了可能或已经对公司 股票交易价格产生较大影响的未公开重大信息；公司目前经营情况正常，内外部经营环境未发生重大变 化；公司、控股股东和实际控制人不存在应披露而未披露的重大事项，或处于筹划阶段的重大事项；公 司控股股东及实际控制人在公司股票交易异常波动期间未买卖公司股票。 ...