Core Insights - The real estate development sector experienced a 1.0% increase on November 25, with Yingxin Development leading the gains [1] - The Shanghai Composite Index closed at 3870.02, up 0.87%, while the Shenzhen Component Index closed at 12777.31, up 1.53% [1] Real Estate Sector Performance - Yingxin Development (000620) closed at 3.25, with a rise of 10.17% and a trading volume of 2.3363 million shares, amounting to a transaction value of 749 million [1] - China Wuyi (000797) also saw a significant increase, closing at 3.69, up 10.15%, with a trading volume of 2.5207 million shares and a transaction value of 887 million [1] - Other notable performers included Wantong Development (600246) with a 6.76% increase, closing at 11.53, and Sanzhou Impression (000863) with a 6.37% increase, closing at 5.18 [1] Capital Flow Analysis - The real estate development sector saw a net inflow of 135 million from institutional investors, while retail investors experienced a net outflow of 4.9798 million [2] - Major stocks like Yingxin Development had a net inflow of 295 million from institutional investors, but a net outflow of 121 million from speculative funds [3] - China Wuyi had a net inflow of 102 million from institutional investors, while it faced a net outflow of 50.1 million from speculative funds [3]

证券代码：000014 证券简称：沙河股份 公告编号：2025-30 沙河实业股份有限公司 2025 年第一次临时股东会决议公告 5.主持人：公司董事、总经理杨岭先生。 6.本次会议的召集、召开及表决程序符合《公司法》《深圳证券交 易所股票上市规则》及《公司章程》的有关规定。 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1.本次股东会未出现变更、增加或否决议案的情形; 2.本次股东会未变更前次股东会决议。 一、会议召开情况 1.召开时间： （1）现场会议召开时间：2025年11月17日（星期一）下午14:45 （2）网络投票时间：通过深圳证券交易所交易系统进行网络投票 的具体时间为：2025年11月17日9:15—9:25、9:30—11:30和13:00— 15:00；通过深圳证券交易所互联网投票系统投票的具体时间为：2025 年11月17日9:15至15:00期间的任意时间。 2.现场会议召开地点：深圳市南山区白石路 2222 号沙河世纪楼四 楼沙河实业股份有限公司（以下简称"公司"）会议室。 3.召开方式：本次股东会采取现场投票和网络投票 ...

深圳市福田区中心五路 18 号星河中心大厦 19 层 电话：0755-23993388 传真：0755-86186205 邮编：518048 北京国枫（深圳）律师事务所 关于沙河实业股份有限公司 2025 年第一次临时股东会的 法律意见书 国枫律股字[2025]C0136 号 致：沙河实业股份有限公司（贵公司） 北京国枫（深圳）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 2025 年第一次临时股东会（以下简称"本次会议"）。 本所律师根据《中华人民共和国公司法》《中华人民共和国证券法》《上 市公司股东会规则》（以下简称《股东会规则》）、《律师事务所从事证券法律业 务管理办法》《律师事务所证券法律业务执业规则（试行）》等相关法律、行政 法规、规章、规范性文件及《沙河实业股份有限公司章程》（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，本所律师特作如下声明： 1．本所律师仅就本次会议的召集与召开程序、召集人和出席现场会议人员 资格、会议表决程序及表决结果的合法性发表 ...

Group 1 - The core point of the news is that Shahe Co., Ltd. has experienced a decline in stock price and significant changes in financial performance, with a notable drop in revenue and net profit for the year [1][2]. - As of November 14, Shahe's stock price decreased by 2.04% to 16.30 CNY per share, with a market capitalization of 3.945 billion CNY [1]. - The company has seen a year-to-date stock price increase of 48.32%, but it has declined by 5.94% in the last five trading days and 30.73% in the last 20 days [1]. Group 2 - For the period from January to September 2025, Shahe Co., Ltd. reported a revenue of 20.8589 million CNY, a year-on-year decrease of 93.58%, and a net profit attributable to shareholders of -32.2223 million CNY, a year-on-year decrease of 168.73% [2]. - The number of shareholders increased by 34.41% to 26,200 as of September 30, while the average number of circulating shares per person decreased by 25.60% to 9,231 shares [2]. - The company has distributed a total of 193 million CNY in dividends since its A-share listing, with 81.3275 million CNY distributed in the last three years [3].

Group 1 - The company, Shahe Co., stated on November 13 that it strictly adheres to relevant regulations and fulfills its information disclosure obligations in a timely manner [2] - The company encourages investors to make rational investment decisions and to be aware of investment risks [2]

Core Viewpoint - Shahe Co., Ltd. has experienced a significant stock price fluctuation, with a year-to-date increase of 52.50% but a recent decline of 7.61% over the past five trading days and 24.94% over the past 20 days [2] Group 1: Stock Performance - As of November 13, Shahe's stock price was 16.76 CNY per share, with a market capitalization of 4.057 billion CNY [1] - The stock has seen a trading volume of 1.87 billion CNY and a turnover rate of 4.57% [1] - Year-to-date, the stock has been on the龙虎榜 (top trading list) twice, with the latest instance on October 23, where it recorded a net buy of -44.0913 million CNY [2] Group 2: Financial Performance - For the first nine months of 2025, Shahe reported a revenue of 20.8589 million CNY, a year-on-year decrease of 93.58%, and a net profit of -32.2223 million CNY, down 168.73% [2] - The company's main business revenue composition includes 72.68% from real estate sales, 23.77% from property leasing, and 3.55% from property management [2] Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders increased by 34.41% to 26,200, while the average circulating shares per person decreased by 25.60% to 9,231 shares [2] - The third-largest circulating shareholder is the Southern CSI Real Estate ETF, holding 2.1286 million shares, which is a decrease of 35,100 shares from the previous period [3]

证券代码：000014 证券简称：沙河股份 公告编号：2025-29 沙河实业股份有限公司 关于召开 2025 年第一次临时股东会的提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 沙河实业股份有限公司（以下简称"公司"）已于 2025 年 10 月 31 日在《证券时报》、巨潮资讯网（http://www.cninfo.com.cn）披露了《关 于召开 2025 年第一次临时股东会的通知》（公告编号 2025-27）。本次 会议将采取现场投票与网络投票相结合的方式，为切实保护广大投资 者的合法权益，方便公司股东行使表决权，现将本次股东会的有关事 项提示如下: 一、召开会议的基本情况 1.会议届次：2025年第一次临时股东会。 （1）在股权登记日持有公司股份的普通股股东或其代理人； 2.会议召集人：公司董事会。公司董事会于2025年10月30日召开第 十一届董事会第十四次会议，审议通过了《关于召开公司2025年第一 次临时股东会的议案》，决定召开本次股东会。 3.会议召开的合法、合规性：本次股东会的召集、召开符合有关法 律、行政法规、部门规章、规范性 ...

Core Viewpoint - Shahe Co., Ltd. has experienced significant fluctuations in stock performance, with a year-to-date increase of 53.05% but a recent decline in the last five and twenty trading days [1][2]. Financial Performance - For the period from January to September 2025, Shahe Co., Ltd. reported a revenue of 20.86 million, a year-on-year decrease of 93.58%, and a net profit attributable to shareholders of -32.22 million, a year-on-year decrease of 168.73% [2]. - The company has cumulatively distributed 193 million in dividends since its A-share listing, with 81.33 million distributed over the last three years [3]. Stock Market Activity - As of November 11, the stock price of Shahe Co., Ltd. was 16.82 yuan per share, with a trading volume of 225 million and a turnover rate of 5.66%, resulting in a total market capitalization of 4.071 billion [1]. - The company has appeared on the "Dragon and Tiger List" twice this year, with the most recent appearance on October 23, where it recorded a net buy of -44.09 million [1]. Shareholder Information - As of September 30, 2025, the number of shareholders increased by 34.41% to 26,200, while the average circulating shares per person decreased by 25.60% to 9,231 shares [2]. - Among the top ten circulating shareholders, the Southern CSI Real Estate ETF ranked as the third-largest shareholder, holding 2.1286 million shares, a decrease of 35,100 shares from the previous period [3]. Business Overview - Shahe Co., Ltd. is primarily engaged in real estate development and management, with revenue composition as follows: 72.68% from real estate sales, 23.77% from property leasing, and 3.55% from property management [1].

Group 1 - The company, Shahe Co., Ltd. (000014), responded to investor inquiries on November 10, indicating that specific operational details should be monitored in the upcoming periodic reports [1]

Core Viewpoint - Shahe Co., Ltd. has confirmed that it is in compliance with regulatory requirements regarding the disclosure of significant information, stating that there are no major undisclosed matters [1] Company Summary - On November 7, Shahe Co., Ltd. responded to investor inquiries on an interactive platform, affirming that it has strictly adhered to regulatory disclosure requirements [1]