登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：000069 证券简称：华侨城A 公告编号：2025-38 深圳华侨城股份有限公司 关于2025年第一次临时股东会增加临时提案暨股东会补充通知的公告 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。 2025年8月28日，深圳华侨城股份有限公司（以下简称"公司"）第九届董事会第六次会议审议通过《关 于召开2025年第一次临时股东会的议案》，拟于2025年9月19日召开2025年第一次临时股东会，《关于 召开2025年第一次临时股东会的通知公告》（公告编号：2025-36）于2025年8月30日刊登于中国证监会 指定信息披露媒体巨潮资讯网。 2025年9月8日，公司第九届董事会第一次临时会议审议通过了《关于增补公司非独立董事候选人的议 案》。以上议案内容详见2025年9月9日中国证监会指定信息披露媒体巨潮资讯网披露的《第九届董事会 第一次临时会议决议公告》（公告编号：2025-37）。根据《公司章程》的相关规定，以上议案尚需获 得公司股东会批准。 2025年9月18日，公司董事会收到控股股东华侨城集团有限公司（ ...

Group 1 - The core point of the article is that China Overseas Chinese Town A announced the approval of several proposals, including the addition of non-independent director candidates during the first temporary meeting of the ninth board of directors [2]

（记者 王晓波） 2025年1至6月份，华侨城Ａ的营业收入构成为：旅游综合业务占比72.15%，房地产收入占比27.18%， 其他业务占比0.67%。 每经头条（nbdtoutiao）——"中国真正实现了弯道超车"！从美国回来14年，陈智胜亲历中国创新药大 爆发：以前跨国药企不太信任中国数据，但现在不同了 每经AI快讯，华侨城A9月8日晚间发布公告称，公司第九届第一次董事会临时会议于2025年9月8日以通 讯方式召开。会议审议了《关于增补公司非独立董事候选人的议案》等文件。 截至发稿，华侨城Ａ市值为186亿元。 ...

关于 2025 年第一次临时股东会增加临时提案暨股东 会补充通知的公告 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。 证券代码：000069 证券简称：华侨城 A 公告编号：2025-38 2025 年 8 月 28 日，深圳华侨城股份有限公司（以下简称"公司"） 第九届董事会第六次会议审议通过《关于召开 2025 年第一次临时股 东会的议案》，拟于 2025 年 9 月 19 日召开 2025 年第一次临时股东 会，《关于召开 2025 年第一次临时股东会的通知公告》（公告编号： 2025-36）于 2025 年 8 月 30 日刊登于中国证监会指定信息披露媒体 巨潮资讯网。 深圳华侨城股份有限公司 2025 年 9 月 8 日，公司第九届董事会第一次临时会议审议通过 了《关于增补公司非独立董事候选人的议案》。以上议案内容详见 2025 年 9 月 9 日中国证监会指定信息披露媒体巨潮资讯网披露的《第 九届董事会第一次临时会议决议公告》（公告编号：2025-37）。根 据《公司章程》的相关规定，以上议案尚需获得公司股东会批准。 会临时提案的函》，为提高会议审议 ...

证券代码：000069 证券简称：华侨城 A 公告编号：2025-37 深圳华侨城股份有限公司 特此公告。 第 1 页 共 3 页 深圳华侨城股份有限公司 第九届董事会第一次临时会议决议公告 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。 深圳华侨城股份有限公司第九届董事会第一次临时会 议的通知和文件于 2025 年 9 月 5 日（星期五）以书面、电子 邮件方式送达各位与会人员。会议于 2025 年 9 月 8 日（星期 一）以通讯方式召开。出席会议董事应到 5 人，实到 5 人。 会议符合公司法和公司章程的有关规定。 会议根据议程逐项审议并通过了如下事项： 一、5 票同意，0 票反对，0 票弃权，审议通过了《关于 增补公司非独立董事候选人的议案》，同意增补吴秉琪先生 为公司第九届董事会非独立董事候选人，并同意将其提交公 司股东会选举（吴秉琪个人简历附后）。 二、5 票同意，0 票反对，0 票弃权，审议通过了《关于 2025 年第一次临时股东会增加临时提案的议案》。 具体情况详见《关于 2025 年第一次临时股东会增加临时 提案暨股东会补充通知的公告》（公告编号 ...

Group 1: Real Estate Market Insights - The recent policy adjustments in Shenzhen's real estate market have led to increased activity, with more viewings and faster signing of contracts reported by agents [1] - Major real estate stocks in both A-shares and Hong Kong have seen significant gains, with stocks like A-share Shanshi Development and Hong Kong's Country Garden rising over 10% [1] - The new policies in Shenzhen are seen as a combination of market optimization and urban governance, highlighting the forward-looking and efficient nature of the regulations [1] Group 2: Market Performance and Future Outlook - Following the new policies in Beijing and Shanghai, Shenzhen's adjustments are expected to stimulate demand for multiple property purchases in surrounding areas, with Shenzhen's regulations being more lenient compared to Beijing and Shanghai [1] - The average daily transaction volume for new and second-hand homes in Beijing increased by 9% and 10% respectively after the new policies were implemented, while Shanghai saw a 25% increase in new home transactions [1] - The overall improvement in real estate sales is contingent on the successful implementation of policies related to inventory housing and urban village renovations, which are expected to enhance supply-demand dynamics [2] Group 3: Solid-State Battery Sector - The solid-state battery sector has shown active market performance, with several companies like Delong Laser and Huasheng Lithium Battery seeing stock prices rise significantly [2] - The rapid growth in orders for solid-state battery equipment since June indicates a significant acceleration in the industrialization process of solid-state batteries, presenting investment opportunities across the supply chain [2] - Equipment manufacturers are expected to be the primary beneficiaries of the capital expenditures in the solid-state battery industry, as they are positioned at the upstream of the supply chain [2]

Investment Rating - The investment rating for the real estate industry is "Positive" and maintained [10]. Core Insights - The policy goal of stabilizing the market has somewhat boosted market expectations, but since April, downward pressure has increased again, leading to a higher probability of policy easing in the future. The rapid decline in industry volume and price may have passed, with structural highlights in core areas and quality properties. The current stock positions are not far from last year's bottom, providing room for a rebound in overall market valuation. Focus on leading real estate companies with low inventory, good locations, and strong product capabilities, as well as leading brokerage firms, commercial real estate, and state-owned property management companies with stable cash flows [4][8]. Market Performance - The Yangtze River Real Estate Index decreased by 0.68% this week, with an excess return of +0.13% relative to the CSI 300, ranking 16th out of 32 industries. Year-to-date, the index has increased by 5.29%, with an excess return of -8.07% compared to the CSI 300, ranking 26th out of 32 [5][15]. Policy Updates - Shenzhen has further optimized housing purchase policies, adjusted policies for enterprises and institutions, and improved credit policies. Key changes include maintaining original purchase restrictions in core areas while allowing more flexibility in non-core areas. The mortgage interest rate will no longer differentiate between first and second homes [6][17]. Sales Trends - Recent data shows a marginal improvement in new and second-hand home registrations. The transaction area for new homes in 37 cities decreased by 14.9% year-on-year, while second-hand homes increased by 6.1% year-on-year. Year-to-date, new home transaction area is down by 6.2%, while second-hand homes are up by 14.4% [7][18].

Core Viewpoint - The appointment of Wu Bingqi as the new general manager of Overseas Chinese Town Group is seen as a critical move to address the company's ongoing financial difficulties and operational challenges [1][2]. Company Leadership Changes - Wu Bingqi, previously the president of China Resources Land and vice general manager of China State Construction, has been appointed as the deputy secretary of the party committee and director of Overseas Chinese Town Group, with a nomination for the general manager position [1]. - Zhang Zhenggao, the outgoing chairman and party secretary, is retiring at the age of 63, while Liu Fengxi has stepped down from the general manager role [1][2]. Financial Performance - Since 2022, Overseas Chinese Town has experienced a decline in revenue, resulting in three consecutive years of losses, totaling over 26 billion yuan from 2022 to 2024 [4]. - In the first half of 2025, the company reported revenue of 11.317 billion yuan, with a net loss attributable to shareholders of 2.868 billion yuan, worsening from a loss of 1.056 billion yuan in the same period of 2024 [4]. Strategic Initiatives - Zhang Zhenggao's tenure included strategic initiatives such as focusing on core business areas, enhancing professional integration, and implementing lean management practices [3]. - The company has sold over 30 subsidiaries and their debts to reduce total liabilities, although these measures have not fully halted the decline in performance [3][4]. Cash Flow and Future Prospects - In the first half of 2025, the company achieved a significant improvement in operating cash flow, reaching 2.56 billion yuan, an increase of 5.39 billion yuan year-on-year [6]. - Wu Bingqi's experience in state-owned enterprises is expected to facilitate reforms and address the company's challenges more effectively [6]. Debt Situation - As of June 2025, Overseas Chinese Town had total liabilities of 241.086 billion yuan, with 61.85% classified as short-term debt, indicating significant short-term repayment pressure [9]. Asset and Financing Strength - The company reported total assets of 484.8 billion yuan and net assets of 100.4 billion yuan as of the first quarter of 2024, with domestic debt financing reaching 18.3 billion yuan at a low cost of 2.13%-3.57% [11].

Core Viewpoint - The recent leadership changes at China Overseas Chinese Town Holdings Limited (OCT Group) mark a significant transition as the company seeks to navigate its ongoing financial challenges and strategic realignment under new management. Group 1: Leadership Changes - Zhang Zhengao, aged 63, has officially retired from his positions as Party Secretary and Chairman of OCT Group due to reaching the retirement age for leaders of large state-owned enterprises [1] - Wu Bingqi, previously the President of China Resources Land and Vice President of China State Construction Engineering Corporation, has been appointed as the new Deputy Party Secretary and nominated as the General Manager of OCT Group [1][4] - Liu Fengxi, who served as the Deputy Party Secretary and Board Member, will no longer hold the position of General Manager [1] Group 2: Background and Strategic Context - The leadership transition was anticipated as early as the mid-year report disclosure period, with Wu Bingqi's absence from key meetings raising speculation about his role change [4] - Wu Bingqi's extensive experience in real estate and tourism development positions him well to lead OCT Group, which has a history of strategic evolution from a focus on "cultural tourism + real estate" to urban operations [6][9] - The company has faced significant financial difficulties, with reported losses in recent years, including a net loss of 109 billion yuan in 2022 and further losses projected for 2023 and 2024 [12] Group 3: Financial Performance and Challenges - In the first half of 2023, OCT Group's tourism business generated 81.65 billion yuan in revenue, accounting for 72.15% of total revenue, while the real estate sector saw a dramatic decline in revenue, down 73.51% year-on-year [12] - The gross profit margin for the real estate business has decreased to 5.49%, indicating ongoing challenges in profitability [12] - The leadership change is seen as a potential turning point for OCT Group, with Wu Bingqi being the only member of the management team born in the 1970s, suggesting a shift towards a younger leadership approach [12]

Core Viewpoint - The appointment of Wu Bingqi as the new General Manager of China Overseas Chinese Town Group marks a significant leadership change for the company, which has been facing financial challenges with three consecutive years of losses [4][6][9]. Management Changes - On September 5, the State-owned Assets Supervision and Administration Commission announced Wu Bingqi's appointment as the Deputy Secretary of the Party Committee and Director of China Overseas Chinese Town Group, while Zhang Zhenggao and Liu Fengxi were relieved of their positions [4][6]. - Wu Bingqi's resume has been updated on the company's official website, indicating a formal transition in management [6] Financial Performance - China Overseas Chinese Town has reported significant losses over the past three years, with losses of 10.905 billion yuan in 2022, 6.492 billion yuan in 2023, and an estimated 8.662 billion yuan in 2024, totaling over 26 billion yuan [10]. - In the first half of 2025, the company achieved a revenue of approximately 11.317 billion yuan, a year-on-year decrease of 50.82%, with a net loss of 2.868 billion yuan [11]. Debt Situation - As of June 30, 2025, the total debt of China Overseas Chinese Town reached 241.086 billion yuan, with current liabilities amounting to 149.103 billion yuan [12]. - The company's interest-bearing debt remained stable at 128.83 billion yuan, compared to 129.56 billion yuan at the end of 2024 [17]. Business Model Challenges - The company's traditional "cultural tourism + real estate" business model is facing challenges in the current market environment, with real estate revenue dropping by 73.51% in the first half of 2025 and gross margin declining to 5.49% [12]. - The strategic focus has shifted back to real estate, with a new development model emphasizing "one body, two wings, and three functions" [12][18]. Strategic Adjustments - China Overseas Chinese Town has begun to divest low-yield assets, including the sale of the Shanghai Bulgari Hotel and other stakes [13][14]. - The company has initiated strategic adjustments in debt management, land investment, and business models, with a focus on enhancing core competitiveness in tourism and optimizing resources in real estate [16][18]. Future Outlook - Wu Bingqi's leadership is expected to bring new strategies to address the ongoing losses and optimize the asset-liability structure, as well as to redefine the strategic collaboration between cultural tourism and real estate [18].