Summary of Key Points Core Viewpoint - The announcement from the company details the cumulative litigation and arbitration matters involving the company and its subsidiaries, highlighting the financial implications and types of disputes prevalent in the real estate industry [1][2]. Group 1: Cumulative Litigation and Arbitration - As of the announcement date, the total amount of litigation and arbitration matters over the past 12 months is approximately 131.828 million yuan, which represents 12.44% of the company's most recent audited net assets attributable to shareholders [1]. - The company and its subsidiaries are involved in litigation and arbitration as plaintiffs or applicants amounting to about 66.38 million yuan, while as defendants or respondents, the amount involved is approximately 65.448 million yuan [1]. - The majority of the disputes are related to construction contracts, real estate sales contracts, or commercial property leasing contracts, reflecting the characteristics of the real estate industry [1]. Group 2: Undisclosed Litigation and Arbitration - There are no undisclosed significant litigation or arbitration matters with an individual claim amount exceeding 10% of the company's most recent audited net assets and over 10 million yuan [2]. Group 3: Potential Impact of Litigation and Arbitration - The company is committed to actively managing the ongoing litigation and arbitration cases through legal channels to protect the rights of the company and its investors [2]. - The impact of these cases on the company's current and future profits remains uncertain, and the actual effects will depend on the final judgments or rulings from the courts or arbitration [2].

大悦城控股集团股份有限公司第十一届董事会公告 证券代码：000031 证券简称：大悦城 公告编号：2025-040 大悦城控股集团股份有限公司 关于累计诉讼及仲裁事项的公告 三、诉讼、仲裁事项对公司的可能影响 对于公司涉及的诉讼、仲裁案件，公司将积极通过法律途径妥善处理，依法 保护公司及广大投资者的合法权益。 鉴于部分诉讼、仲裁案件正在诉讼、仲裁过程中，其对公司本期利润或期后 1 大悦城控股集团股份有限公司第十一届董事会公告 利润的影响存在不确定性，最终实际影响以法院/仲裁生效判决/裁决为准，公司 将依据相关会计准则的要求和实际情况进行相应的会计处理。公司将密切关注相 关案件的进展情况及时履行信息披露义务。 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或者重大遗漏。 一、累计诉讼及仲裁事项的基本情况 大悦城控股集团股份有限公司（以下简称"公司"）根据《深圳证券交易所 股票上市规则》有关规定，对公司及控股子公司的诉讼及仲裁事项进行了统计。 截至本公告披露日，除已披露的诉讼事项外，公司及控股子公司连续12个月内发 生的诉讼及仲裁事项累计金额合计131,828万元，占公司最近 ...

大悦城控股集团股份有限公司第十一届董事会公告 证券代码：000031 证券简称：大悦城 公告编号：2025-039 二、公司对子公司担保额度的使用情况 根据公司 2024 年年度股东大会审议通过的《关于 2025 年度向控股子公司 提供担保额度的议案》，公司 2025 年度向控股子公司提供担保额度的有效期自 2024 年年度股东大会通过之日起不超过 12 个月。本次担保生效前后，担保额 度使用情况如下： 单位：亿元 大悦城控股集团股份有限公司 关于为全资子公司中粮地产集团深圳房地产开发有限公司 提供担保的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或者重大遗漏。 一、担保情况概述 1、大悦城控股集团股份有限公司（以下简称"公司"）全资子公司中粮地产 集团深圳房地产开发有限公司（以下简称"地产深圳"）向中信银行股份有限公 司深圳分行（以下简称"中信银行"）申请 1.44 亿元借款，期限 5 年，用于置换 地产深圳已支付的部分股权收购交易款项。公司与中信银行近日签订了保证合同， 公司为地产深圳在并购借款合同项下本金余额不超过 1.44 亿元贷款提供连带责 任保证担保。 ...

有美食爱好者认为，目前大悦城的餐饮品牌"选择够多，但惊艳不足"。 大悦城针对宠物经济等引入首店业态。 大悦城推行宠物友好，允许带宠物逛街。 潘莹瑜 摄 一块"拼图"的归位: 从消费"中转站"到"目的地" 在深圳的商业版图上，每一个区域都有自己的坐标。而灵芝片区，长期以来更像一个功能性的"交通枢 纽"，作为地铁5号线与12号线交汇的黄金节点，拥有优越的交通条件和庞大的人口基数。然而，却始终 缺少一个能够承载其消费能级，将巨大流量就地转化的大型商业综合体。"以前我们开玩笑说，灵芝人 对宝安其他商圈的贡献率最高。"家住附近中洲华府的刘先生，一语道出了片区的尴尬，"不是不想在家 门口消费，是没得选，只能去壹方城、海雅缤纷城，甚至更远的大仟里。" 消费力在"向外流淌"?这是灵芝片区悬置已久的一个问号。深圳大悦城的到来，如同一块关键拼图的归 位。它搅动了格局，也喂饱了期待。开业首日客流更是刷新宝安商业地标的热度纪录。 深圳再迎起航的商业巨舰。7月12日，粤港澳大湾区首座大悦城在深圳宝安区开业。这座耗时15年、历 经多次延期的25万平方米商业综合体终于开业。 据悉，深圳大悦城开业首日客流突破42万人次、销售额近2000万元 ...

Core Viewpoint - The real estate industry is facing significant challenges in the first half of 2025, with a notable performance divergence among listed companies, as many report substantial losses while a few manage to turn profits [1][2]. Group 1: Overall Performance - As of July 17, 2025, 61 listed real estate companies have disclosed their mid-year performance forecasts, with a total expected loss ranging from 342.56 billion to 464.97 billion [1]. - Out of these, 24 companies anticipate profits while 37 expect losses, indicating that 60% of the companies are projected to report losses [1][2]. - The overall trend shows a decline in performance, with companies like China Vanke and Greenland Holdings shifting from profit to loss, while others like Joy City and Urban Construction Development have managed to turn losses into profits [1][2]. Group 2: Companies Turning Profits - In the first half of 2025, 24 companies are expected to achieve profits totaling between 68.68 billion and 80.16 billion, with 12 companies successfully reversing previous losses [2][3]. - Urban Construction Development is projected to report a net profit of 4.4 billion to 6.54 billion, marking a year-on-year increase of up to 575.14% [3][7]. - Other companies that have turned profitable include Zhongzhou Holdings, City Investment Holdings, and Joy City, showcasing resilience in a challenging market [2][3]. Group 3: Companies Reporting Losses - Among the 37 companies forecasting losses, 13 are expected to report their first-ever losses, including Shahe Co., Xiangjiang Holdings, and Greenland Holdings [8][11]. - The total expected loss for these companies ranges from 422.72 billion to 533.64 billion, with Vanke leading with a projected loss of 100 billion to 120 billion [8][11]. - Other notable companies with significant losses include Jindi Group, which anticipates a loss of 34 billion to 42 billion, and Xinda Real Estate, expecting a loss of 35 billion to 39 billion [11][12]. Group 4: Market Outlook - The overall real estate market is still in an adjustment phase, but signs of stabilization are emerging, particularly in first-tier and some strong second-tier cities [14]. - Analysts suggest that the second half of 2025 may present a turning point for the industry, with potential recovery driven by policy adjustments and improved buyer confidence [13][14]. - The top 100 real estate companies reported a total sales amount of 18,364.1 billion, a year-on-year decline of 11.8%, but the rate of decline is narrowing [13].

据了解，2025年深圳拟开业项目高达21个，新增总商业体量达到186.25万平方米。其中宝安约有9家， 新增总商业体量近90万平方米，是深圳增量商业市场的佼佼者。此次大悦城开业后，今年还将有宝安怀 德万象汇、深圳前海·华发冰雪世界等新业态Mall开业。 齐聚潮流IP，首店业态超五成 商业业态上，深圳大悦城放大首店经济效应。据了解，深圳大悦城汇聚近400家优质品牌，首店及定制 店占比超过半壁江山。当中，特别针对亲子、潮玩、宠物经济等引入首店业态。比如，有百年皇室御用 玩具品牌Hamleys的华南首店，特设Jellycat、问童子等IP专区，也有中国一站式养宠综合服务平台宠胖 胖深圳首店旗舰店。服装零售上则集合不少原创设计师品牌。 以超市零售为例，深圳大悦城的盒马鲜生门店，也是盒马在全国首个火锅体验中心门店。据盒马深圳总 经理金瓯介绍，这也是盒马在全国范围内与大悦城合作的第10家店、深圳的第27家盒马门店。购物中心 主打年轻业态，此次深圳大悦城盒马鲜生门店，也突破传统模式，3500平方米的门店不仅打造了深圳首 个超市深海鱼缸、还特别陈列千款火锅食材，餐饮区摇身一变成了接地气的火锅区。此外，因应深港消 费畅旺、深圳 ...

21世纪经济报道记者 张敏 深圳报道 房企在市场调整期的一切努力成果，最终都体现在财报上。 近两年来，楼市持续调整，上市房企业绩也一度出现滑坡。但从去年四季度以来，在一系列稳楼市政策 下，市场出现止跌回稳的态势，部分房企的业绩也有所改善。 近期，上市房企陆续发布2025年半年度业绩预告。相较于去年同期，业绩下滑仍是行业主流，其中，金 地、华侨城、荣盛发展、金隅股份、华夏幸福等房企出现亏损扩大的情况，万科的亏损额也有所增加。 绿地则由盈转亏。 但一些房企开始扭转局势。大悦城、城建发展、广宇集团等房企均较上年同期实现扭亏为盈。另有部分 房企的亏损额有所收窄。 在某种程度上，这种分化体现出不同房企的策略差异。但分析人士指出，半年报的业绩好坏，并不具有 决定性意义。 一方面，企业的短期业绩，容易受到供货节奏的影响；另一方面，企业业绩的持续改善，仍将取决于市 场能否进一步复苏。 在这轮调整中，房企是否能成功穿越周期，仍然有待观察。 业绩涨跌互现 7月15日，万科发布2025年半年度业绩预告。今年上半年，万科实现销售金额691.1亿元，回款率超过 100%。 同期，万科预计归母净利润亏损100亿元-120亿元，较上年同期 ...

Core Viewpoint - Shenzhen's first Joy City officially opened on July 12, 2023, after 15 years of development and multiple delays, attracting significant consumer interest and sales on its opening day [1][5]. Group 1: Opening Day Performance - On its opening day, Shenzhen Joy City attracted over 420,000 visitors and achieved nearly 20 million yuan in sales [2]. - The project has a total area exceeding 730,000 square meters, with the shopping center covering approximately 250,000 square meters [5]. Group 2: Market Positioning and Competition - Shenzhen's diverse consumer base includes trend-seeking youth and quality-focused middle-to-high-income groups, leading to different strategies between northern and southern commercial entities [2]. - Northern commercial entities, like Joy City, typically leverage first-store economies and IP events to attract younger consumers, while southern counterparts focus on art exhibitions and immersive experiences to draw high-end clientele [2][10]. Group 3: Development Challenges - The development of Shenzhen Joy City faced significant challenges, including a 7-year negotiation for land acquisition and a lengthy demolition process, with the first phase completed in 2019 [5]. - The project was initiated in 2010 through a framework agreement with the Shenzhen Bao'an District government [5]. Group 4: Future Prospects and Expansion - By the end of 2024, Joy City plans to have 44 commercial projects in China, with 30 being heavy asset projects and 14 light asset projects, totaling a commercial area of 3.75 million square meters [7]. - The opening of Shenzhen Joy City is part of a broader trend, with multiple commercial projects, including K11 and other shopping centers, launching in Shenzhen this year [9]. Group 5: Market Dynamics - The commercial landscape in Shenzhen is becoming increasingly competitive, with nearly 40 commercial complexes in Bao'an District alone, totaling over 3.1 million square meters [9]. - The differentiation in commercial strategies between northern and southern entities reflects deeper corporate philosophies and market approaches [10][12].

大悦城控股集团股份有限公司第十一届董事会公告 证券代码：000031 证券简称：大悦城 公告编号：2025-038 大悦城控股集团股份有限公司 关于为控股子公司眉山加悦置业有限公司提供担保及担保进展 的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或者重大遗漏。 一、担保及担保进展情况概述 1、大悦城控股集团股份有限公司（以下简称"公司"）控股子公司眉山加悦 置业有限公司（以下简称"眉山加悦"）已于 2021 年向中国农业银行股份有限公 司成都成华支行（以下简称"农业银行"）申请 4 亿元贷款，期限 4 年，用于眉 山加州智慧城项目的开发建设。公司与农业银行签订了《保证合同》，按间接持 股 36.4%的股权比例为眉山加悦在借款合同项下的借款 14,560 万元提供连带责 任保证担保，眉山加悦其他股东按照各自股权比例提供同等条件连带责任保证担 保。详见公司于 2021 年 7 月 20 日发布的《关于为公司控股子公司眉山加悦置业 有限公司提供担保的公告》。 近日，公司、眉山加悦与农业银行签订了《借款展期协议》，对原借款合同 项下借款本金余额 23,613 万元申请展期 ...

Group 1 - The A-share market saw a rise in several real estate stocks, with Tianbao Infrastructure (000965) hitting the daily limit, and other stocks like Yucheng Development (000514), New Huangpu (600638), and Dayue City (000031) also experiencing gains [1] - The Central Urban Work Conference was held in Beijing from July 14 to 15, emphasizing the need for high-quality urban development and a focus on modernizing cities with characteristics unique to China [1][3] - The conference highlighted the transition of urbanization in China from rapid growth to stable development, shifting the focus from large-scale expansion to improving existing urban quality and efficiency [3] Group 2 - The conference outlined seven key tasks for urban work, aiming to enhance urban governance and development strategies [4] - Specific stock performance data showed significant increases, with Tianbao Infrastructure rising by 9.98% and achieving a year-to-date increase of 58.42%, while Yucheng Development increased by 5.81% with a year-to-date rise of 63.99% [2]