Investment Rating - The report does not explicitly state an investment rating for the industry, but it provides insights into the ESG performance of central enterprises in the real estate sector, indicating a mixed performance across various metrics [3][4]. Core Insights - The report evaluates the ESG performance of 10 central enterprises in the real estate sector, revealing that over half of the companies scored above 60 points, with social responsibility and governance aspects performing relatively well, while climate and environmental disclosures need improvement [10][23]. - The overall scores show significant variation, with three companies scoring below 60, three between 80-89 (including China Merchants Shekou, Poly Developments, and Joy City), and one company, China Merchants Jinling, scoring above 90 [10][23]. Summary by Sections 1. Overall Scores and Climate Disclosure - More than half of the companies scored above 60 points, indicating a need for improvement in climate disclosures [10]. - Companies with scores below 60: 3; scores between 80-89: 3; scores above 90: 1 [10]. 2. Environmental Performance - The environmental indicators scored relatively high, with most companies showing strong awareness of environmental protection [16]. - Five companies scored between 17-20 points, and four scored between 14-16 points, reflecting a commitment to resource utilization and emission reduction [16]. 3. Climate Performance - The climate indicators scored lower, with over half of the companies needing to enhance their climate disclosures [23]. - Three companies scored between 14-19 points, while five scored between 0-6 points, indicating a lack of emphasis on climate disclosures [23]. 4. Social Responsibility - The social indicators scored high, with five companies scoring between 23-29 points, demonstrating a strong commitment to social responsibility [29]. - Companies actively engaged in rural revitalization and public welfare initiatives, with detailed disclosures on consumer rights protection [29]. 5. Governance - The governance indicators scored high, with most companies having well-structured governance frameworks [41]. - Six companies scored between 17-22 points, indicating robust internal control and compliance management systems [41].

2025年9月，公司旗下文旅企业合计接待游客451万人次，同比减少12%，主要是由于华南地区的台风暴 雨天气影响游客出游。 华侨城A(000069.SZ)披露2025年9月主要业务经营情况，2025年9月，公司实现合同销售面积7.9万平方 米，同比减少67%，环比8月增加9%;合同销售金额10.8亿元，同比减少59%，环比8月增加9%。 ...

Core Viewpoint - The company reported a significant decline in contract sales and visitor numbers in September 2025, primarily due to adverse weather conditions affecting tourism in Southern China [1] Sales Performance - In September 2025, the company achieved a contract sales area of 79,000 square meters, representing a year-on-year decrease of 67% and a month-on-month increase of 9% from August [1] - The contract sales amount for the same period was 1.08 billion yuan, which is a year-on-year decrease of 59% and also a month-on-month increase of 9% from August [1] Tourism Impact - The company's tourism segment received a total of 4.51 million visitors in September 2025, reflecting a year-on-year decrease of 12% [1] - The decline in visitor numbers was mainly attributed to typhoon and heavy rain weather conditions in the Southern China region [1]

Group 1 - The core point of the article highlights that Overseas Chinese Town A reported a significant decline in contract sales for the period from January to September 2025, with a total sales area of 893,000 square meters, down 19% year-on-year, and a contract sales amount of 13.25 billion yuan, down 22% year-on-year [1] - In September 2025, the company achieved a contract sales area of 79,000 square meters, which represents a 67% year-on-year decrease, although it saw a 9% increase compared to August [1] - The contract sales amount for September 2025 was 1.08 billion yuan, reflecting a 59% year-on-year decline, but also a 9% increase from August [1] Group 2 - For the first half of 2025, the revenue composition of Overseas Chinese Town A was as follows: tourism-related business accounted for 72.15%, real estate revenue made up 27.18%, and other businesses contributed 0.67% [1] - As of the report date, the market capitalization of Overseas Chinese Town A stood at 20.4 billion yuan [1]

格隆汇10月14日丨华侨城Ａ(000069.SZ)公布，截止本公告披露日，本次增持计划实施期限已过半。华 侨城集团通过深圳证券交易所交易系统以集中竞价交易方式累计增持公司股份数量为428,700股，占公 司总股本的0.00533%，成交金额为1,106,782.00元人民币（不含交易费）。 ...

2025年9月，公司旗下文旅企业合计接待游客451万人次，同比减少12%，主要是由于华南地区的台风暴 雨天气影响游客出游。2025年1-9月，公司旗下文旅企业合计接待游客5956万人次，同比减少1%。 格隆汇10月14日丨华侨城Ａ(000069.SZ)公布，2025年9月，公司实现合同销售面积7.9万平方米，同比减 少67%，环比8月增加9%；合同销售金额10.8亿元，同比减少59%，环比8月增加9%。2025年1-9月，公 司累计实现合同销售面积89.3万平方米，同比减少19%；合同销售金额132.5亿元，同比减少22%。 ...

二、2025 年 9 月新增土地情况 证券代码：000069 证券简称：华侨城 A 公告编号：2025-46 深圳华侨城股份有限公司 2025 年 9 月主要业务经营情况公告 本公司及董事会全体成员保证公告内容的真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 一、2025 年 9 月销售情况 2025 年 9 月，公司实现合同销售面积 7.9 万平方米，同比减少 67%，环比 8 月增加 9%；合同销售金额 10.8 亿元，同比减少 59%，环 比 8 月增加 9%。 2025 年 1-9 月，公司累计实现合同销售面积 89.3 万平方米，同 比减少 19%；合同销售金额 132.5 亿元，同比减少 22%。 2025 年 9 月，公司无新增土地情况。 三、旅游综合业务情况 公司致力于通过节庆与场景的价值创新，为游客提供超预期的个 性化体验。连锁欢乐谷于 9 月中旬启动"惊奇潮玩节"，推出主题区 域、NPC 互动巡游等丰富活动内容，为游客带来了深度沉浸式体验。 2025 年 9 月，公司旗下文旅企业合计接待游客 451 万人次，同 比减少12%，主要是由于华南地区的台风暴雨天气影响游客出游。2025 ...

Core Insights - The company reported a significant decline in contract sales area and amount for September 2025, with a contract sales area of 79,000 square meters, down 67% year-on-year, but up 9% month-on-month [1] - The total contract sales amount for September 2025 was 1.08 billion yuan, representing a 59% year-on-year decrease, while also showing a 9% increase compared to August [1] - For the period from January to September 2025, the cumulative contract sales area was 893,000 square meters, down 19% year-on-year, and the cumulative contract sales amount was 13.25 billion yuan, down 22% year-on-year [1] - The tourism sector saw a decrease in visitor numbers, with 4.51 million visitors in September, down 12% year-on-year, and a total of 59.56 million visitors from January to September, down 1% year-on-year [1]

Investment Rating - The report gives a positive outlook on the central state-owned real estate industry, rating it as "Look Favorably" [3] Core Insights - The report evaluates the ESG performance of 10 central state-owned enterprises in the real estate sector, highlighting that over half of the companies scored above 60 points, with strong performance in social responsibility and governance, but needing improvement in climate and environmental disclosures [4][12] - The scoring results show a significant disparity, with three companies scoring below 60, three between 80-89 (including China Merchants Shekou, Poly Developments, and Dayuecheng), and one company, China Merchants Jinling, scoring above 90 [12] - The report emphasizes the importance of enhancing climate disclosures, as over half of the companies still need to improve in this area [27] Summary by Sections Overall Score Distribution - More than half of the companies scored above 60 points, indicating a relatively good performance in social responsibility and environmental aspects, while climate disclosures require further enhancement [12][27] Environmental Performance - Most central state-owned real estate companies show strong awareness of environmental protection, with five companies scoring between 17-20 points and four companies scoring between 14-16 points [18][22] - Companies have disclosed resource utilization and emission reduction measures, with high scores in "green low-carbon measures," "green buildings," and "green construction" [18][22] Climate Performance - The climate indicators received lower scores, with three companies scoring between 14-19 points and five companies scoring between 0-6 points, indicating a need for improved climate disclosures [27][32] - Only one company, China Merchants Jinling, fully disclosed its climate governance measures, while eight companies disclosed their climate response strategies, but only one did so completely [29][33] Social Responsibility - The social indicators scored relatively high, with five companies scoring between 23-29 points, demonstrating good performance in fulfilling social responsibilities, including rural revitalization and consumer rights protection [35][39] - Nine companies disclosed rural revitalization cases, and five companies reported measures for constructing affordable housing [39] Governance - The governance indicators also scored high, with most companies having well-structured governance frameworks. Six companies scored between 17-22 points, while four scored between 14-16 points [47][52] - All ten companies disclosed their governance structures, indicating a commitment to transparency and compliance [52][56]

证券代码：000069 证券简称：华侨城 A 公告编号：2025-45 深圳华侨城股份有限公司 关于公司控股股东增持公司股份计划 实施期限过半的进展公告 华侨城集团有限公司保证向本公司提供的信息内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供 的信息一致。 近日，深圳华侨城股份有限公司（以下简称"公司"）收到控股 股东华侨城集团有限公司（以下简称"华侨城集团"）出具的《关于 增持深圳华侨城股份有限公司股份计划实施期限过半的告知函》。截 止本公告披露日，本次增持计划实施期限已过半，华侨城集团通过深 圳证券交易所交易系统以集中竞价交易方式累计增持公司 428,700 股，占公司总股本的 0.00533%。根据《深圳证券交易所上市公司自 律监管指引第 10 号—股份变动管理》等有关规定，现将增持计划进 展情况公告如下： 价值的合理判断，并结合公司股票价格波动情况及资本市场整体趋势， 择机逐步实施增持。增持总金额不低于人民币 1.11 亿元人民币且不 超过 2.20 亿元人民币。 本次增持计划的具体内容详见公司 2025 年 7 月 15 日在《中国 ...