证券代码：000069 证券简称：华侨城 A 公告编号：2025-24 2025 年 5 月，公司实现合同销售面积 11.8 万平方米，同比增加 11%，环比 4 月增加 1%；合同销售金额 18.9 亿元，同比增加 12%，环 比 4 月增加 6%。 2025 年 1-5 月公司累计实现合同销售面积 51.4 万平方米，同比 增加 11%；合同销售金额 80.3 亿元，同比增加 4%。 二、2025 年 5 月新增土地情况 2025 年 5 月，公司无新增土地情况。 三、旅游综合业务情况 2025 年 5 月，公司积极打造优质旅游产品及节庆活动，市场反 响良好。公司旗下文旅企业合计接待游客 737 万人次，同比增加 12%。 "五一"假期期间，酒店业务入住率同比提升 28 个百分点，主题公 园游客接待量同比增长 21%。 2025 年 1-5 月，公司旗下文旅企业合计接待游客 3219 万人次， 同比增加 6%。 深圳华侨城股份有限公司 2025 年 5 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 5 月销售情况 注 ...

Core Viewpoint - The company reported an increase in both contract sales area and amount for May 2025, indicating positive growth trends in its real estate and tourism sectors [1] Group 1: Contract Sales Performance - In May 2025, the company achieved a contract sales area of 118,000 square meters, representing an 11% year-on-year increase and a 1% month-on-month increase from April [1] - The contract sales amount for May 2025 reached 1.89 billion yuan, which is a 12% increase year-on-year and a 6% increase month-on-month [1] - For the period from January to May 2025, the cumulative contract sales area was 514,000 square meters, up 11% year-on-year, while the contract sales amount totaled 8.03 billion yuan, reflecting a 4% year-on-year increase [1] Group 2: Tourism and Hospitality Performance - In May 2025, the company's tourism enterprises received a total of 7.37 million visitors, marking a 12% year-on-year increase [1] - During the "May Day" holiday period, the hotel business experienced an occupancy rate increase of 28 percentage points year-on-year [1] - The theme parks saw a visitor increase of 21% year-on-year, contributing to a total of 32.19 million visitors from January to May 2025, which is a 6% year-on-year increase [1]

Group 1 - The core viewpoint of the news is that the well-known private equity firm, Chongyang Investment, has conducted research on a listed company, China Overseas Land & Investment Ltd (华侨城A), highlighting its financial performance and strategic initiatives [1] - China Overseas Land & Investment Ltd has improved its sales performance, with a 11% year-on-year increase in contracted sales area and a 2% increase in sales amount from January to April this year [1] - The company maintains a stable debt scale with a projected comprehensive financing cost of 3.62% by the end of 2024, which is a reduction of 29 basis points from the beginning of the year [1] - The company has an annual approved loan quota of 40 billion yuan from its parent company, with borrowing rates not exceeding the rates of financial institutions [1] - In the tourism business, the company is innovating its operational concepts by introducing leading IPs and launching a series of themed festival activities throughout the year [1] - The real estate sector is experiencing an upturn, and the company will focus on core first-tier cities and some strong second-tier cities for land auctions [1] - The company has established a full-cycle value system in its real estate business, focusing on "demand insight - technology iteration - quality fulfillment" [1] - China Overseas Land & Investment Ltd's parent company has completed a round of share buybacks in the second half of 2024, accumulating 64,877,064 shares [1]

Group 1: Inventory and Sales Performance - The company measures inventory impairment based on the lower of cost and net realizable value, recognizing impairment losses when the net realizable value is below cost [3] - In the first four months of 2025, the company achieved a cumulative contracted sales area of 396,000 square meters, an increase of 11% year-on-year, with a contracted sales amount of 6.14 billion yuan, up 2% year-on-year [3] Group 2: Debt Management and Financing - The company aims to maintain a stable yet decreasing overall debt scale, with a comprehensive financing cost of 3.62% as of the end of 2024, down by 29 basis points from the beginning of the year [4] - The company has an approved loan quota of 40 billion yuan from the parent group each year, with borrowing rates not exceeding those from financial institutions [4] Group 3: Tourism and IP Utilization - The company is innovating its tourism business by updating existing projects and enhancing visitor experiences through themed events and IP integration [5] - The company is developing new products like "Water Park+" and "Family Entertainment Centers" to expand market reach and enhance profitability [5] Group 4: Real Estate Development Strategy - The company focuses on acquiring land in first-tier and strong second-tier cities, leveraging market conditions to optimize resource allocation [6] - The company emphasizes high-quality housing development, integrating new technologies and materials to enhance product standards [7] Group 5: Shareholder Engagement and Market Value Management - The parent company has completed a round of share buybacks, acquiring 64,877,064 shares to support market stability and investor confidence [7] - The company plans to continue enhancing market value management through communication with major shareholders and potential share repurchase initiatives [7]

深圳华侨城股份有限公司 2025 年跟踪评级报告 | 를 기 | | --- | | # 八 D | | 苗 ボ 号 | | 服务 | www.lhratings.com 1 联合〔2025〕3674 号 联合资信评估股份有限公司通过对深圳华侨城股份有限公司主 体及其相关债券的信用状况进行跟踪分析和评估，确定维持深圳华 侨城股份有限公司主体长期信用等级为 AAA，维持"21 侨城 02""21 侨城 04"和"21 侨城 06"信用等级为 AAA，评级展望为 稳定。 声 明 一、本报告是联合资信基于评级方法和评级程序得出的截至发表之日的 独立意见陈述，未受任何机构或个人影响。评级结论及相关分析为联合资信 基于相关信息和资料对评级对象所发表的前瞻性观点，而非对评级对象的事 实陈述或鉴证意见。联合资信有充分理由保证所出具的评级报告遵循了真 实、客观、公正的原则。鉴于信用评级工作特性及受客观条件影响，本报告 在资料信息获取、评级方法与模型、未来事项预测评估等方面存在局限性。 二、本报告系联合资信接受深圳华侨城股份有限公司（以下简称"该公 司"）委托所出具，除因本次评级事项联合资信与该公司构成评级委托关系 外，联合资 ...

Overview - The indoor children's amusement park industry in China is experiencing significant growth, with a projected market size of 35.65 billion yuan in 2024, representing a year-on-year increase of 23.31% [1][11] - Parents are increasingly prioritizing their children's overall development and diverse entertainment activities, moving beyond a sole focus on academic performance [1][11] Market Policies - A series of supportive policies have been introduced in China to encourage and regulate the development of the indoor children's amusement park industry, creating a favorable policy environment [4] - Key policies include measures to promote sports for rural revitalization, expand consumption, and update cultural and tourism equipment [4][6] Industry Chain - The upstream of the indoor children's amusement park industry includes suppliers of amusement equipment such as slides, climbing frames, and VR/AR devices, as well as design agencies responsible for the overall planning and design of amusement parks [7] - The downstream primarily targets consumers, specifically children aged 0-12 and their parents [7] Consumer Demographics - The largest consumer group in indoor children's amusement parks consists of preschool children aged 3-6, accounting for 40% of visitors, followed by children aged 6-12 (30%) and infants aged 1-3 (25%) [9] - Safety is the most critical factor for consumers, with 85% prioritizing safety features, followed by location convenience [9] Competitive Landscape - The indoor children's amusement park industry in China is characterized by a fragmented market with numerous participants, including major companies such as Wanda Baby King Group, Aohui Entertainment, and Shenzhen Overseas Chinese Town Cultural Group [13][15] - Notable companies include: - Wanda Baby King Group, which operates a nationwide chain of indoor theme parks and serves over 180 million visitors annually [15] - Shanghai Cardoni Children's Park, focusing on creating interactive family experiences [17] Development Trends - Future trends indicate a broader application of technologies such as VR, AR, and AI in amusement parks, enhancing interactive experiences and integrating educational elements into play [19] - There is a growing emphasis on incorporating STEAM education, artistic enlightenment, and scientific exploration into amusement park offerings [19]

Group 1: Real Estate Market Insights - The company actively responds to policies regarding special bonds for purchasing real estate, collaborating closely with local governments on land storage matters [3] - The real estate market shows signs of recovery, with new home sales in key cities experiencing year-on-year growth in Q4 last year and Q1 this year [3] - In March, the company successfully acquired approximately 27 acres of land in a core area of Chongqing, enhancing its resource portfolio [3] Group 2: Market Value Management - The company emphasizes market value management, implementing measures such as share buybacks and stakeholder engagement to boost market confidence [5] - A structured management mechanism for market value, including a "Market Value Management System" and "Valuation Enhancement Plan," has been established [5] - Future efforts will focus on transparent operations and enhancing business quality to reflect true corporate value in the capital market [5] Group 3: Debt Management - The company primarily relies on medium to long-term bank loans for its existing debt and adheres to a strict "631" risk management principle to ensure timely debt repayment [5] Group 4: Cultural and Tourism Business Development - The cultural and tourism sector is a core business area, with the company responding to national policies aimed at boosting consumption through various initiatives [6] - The company is innovating its operational strategies, focusing on enhancing existing projects and developing new products to capture market opportunities [6] - The company plans to upgrade existing theme parks and hotels, aiming to improve competitiveness and attract a broader customer base [6] Group 5: Asset Optimization Strategies - The company employs various asset optimization methods, including regulatory adjustments, inventory acquisition, and customized sales strategies [7] - A long-term mechanism for asset revitalization has been established, involving regular reporting and leadership oversight to ensure project progress [7]

孟汉峰任中国电气装备集团有限公司党委副书记、董事，免去其中国电气装备集团有限公司纪委书记职务。 中国能源建设集团有限公司 中国国际工程咨询有限公司 郭铭群任中国国际工程咨询有限公司党委副书记、董事，提名为中国国际工程咨询有限公司总经理人选。 中国电气装备集团有限公司 闫华锋任中国电气装备集团有限公司党委副书记、董事，提名为中国电气装备集团有限公司总经理人选。 来源：国务院国资委网站 责编：汪云鹏 校对：彭其华 百万用户都在看 超级空头，突袭！ 北交所，突然大异动！发生了什么？ 直线拉升！特朗普，突然宣布！ 哈佛大学，突发！ 最新！特朗普，签了！ 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com 尹强、徐陆任中国能源建设集团有限公司党委常委。 华侨城集团有限公司 聘任刘家强、朱泽为华侨城集团有限公司外部董事。 ...

智通财经5月26日电，据国资委网站，郭铭群任中国国际工程咨询有限公司党委副书记、董事，提名为 中国国际工程咨询有限公司总经理人选。闫华锋任中国电气装备集团有限公司党委副书记、董事，提名 为中国电气装备集团有限公司总经理人选。孟汉峰任中国电气装备集团有限公司党委副书记、董事，免 去其中国电气装备集团有限公司纪委书记职务。尹强、徐陆任中国能源建设集团有限公司党委常委。聘 任刘家强、朱泽为华侨城集团有限公司外部董事。 4户中央企业7名领导人员职务任免 ...

Group 1 - The issuance of special bonds for land storage has accelerated significantly since March, with nearly 3,000 proposed land acquisition projects totaling over 1.33 million square meters and exceeding 350 billion yuan in total value [1] - In April alone, over 1,500 land parcels were publicly announced, surpassing the total from January to March, with a total value exceeding 170 billion yuan [1] - The increase in special bond applications is driven by new policies from the Ministry of Natural Resources and the Ministry of Finance, which have encouraged local governments to utilize special bonds for acquiring idle land [1][2] Group 2 - Special bonds for land storage are primarily used for recovering idle land and land reserves, and can also be used for developing unsold land or converting existing properties into affordable housing [2] - From the beginning of the year to May 21, the total issuance of special bonds for land storage reached 96.4 billion yuan, accounting for 7.5% of newly issued project special bonds [2] - The recovery of idle land through special bonds can enhance liquidity for real estate companies, optimize land resource allocation, and stimulate related industries [2][3] Group 3 - Approximately 50% of the proposed land parcels have a recovery price to transaction price ratio between 0.8 and 1.0, with about 30% in the range of 0.9 to 1.0, and around 18% between 0.7 and 0.8 [3] - Over 80% of the proposed land parcels for recovery belong to local state-owned enterprises, with several parcels from central enterprises like Poly and Overseas Chinese Town also included [3] - Recommendations include establishing a special loan center under policy banks to support the recovery of idle land and inventory properties, with a focus on directing a certain proportion of support to private enterprises [3]