华侨城A公告称，控股股东华侨城集团增持计划已实施完毕。增持前，华侨城集团及其一致行动人持股 49.76%。增持期间，华侨城集团以集中竞价交易方式增持43,304,697股，占总股本0.54%，增持金额1.11 亿元。增持完成后，其及一致行动人持股比例升至50.30%。本次增持符合相关规定，且属于可免于发 出要约的情形，公司已履行现阶段信息披露义务。 ...

Core Viewpoint - In December 2025, the company reported a significant decline in contract sales area and amount compared to the previous year, indicating challenges in the real estate market [1] Group 1: Contract Sales Performance - In December 2025, the company achieved a contract sales area of 135,000 square meters, a year-on-year decrease of 20%, but a month-on-month increase of 56% [1] - The contract sales amount for December 2025 was 1.99 billion yuan, representing a year-on-year decrease of 31% and a month-on-month increase of 66% [1] - For the entire year of 2025, the cumulative contract sales area was 1.206 million square meters, down 30% year-on-year, while the total contract sales amount was 17.73 billion yuan, a decrease of 33% year-on-year [1] Group 2: Tourism Business Performance - In December 2025, the company's tourism enterprises received a total of 5.71 million visitors, reflecting a year-on-year decline of 6% [1] - For the full year of 2025, the total number of visitors to the company's tourism enterprises was 79.7 million, which is a decrease of 1% compared to the previous year [1]

Core Viewpoint - The company reported a decline in contract sales area and amount for December 2025, indicating challenges in the market despite a month-on-month increase in both metrics [1] Group 1: December Performance - The company achieved a contract sales area of 135,000 square meters in December 2025, a year-on-year decrease of 20% but a month-on-month increase of 56% [1] - The contract sales amount for December 2025 was 1.99 billion yuan, reflecting a year-on-year decrease of 31% but a month-on-month increase of 66% [1] Group 2: Annual Performance - For the full year of 2025, the company accumulated a contract sales area of 1.206 million square meters, which is a year-on-year decrease of 30% [1] - The total contract sales amount for 2025 was 17.73 billion yuan, representing a year-on-year decrease of 33% [1]

Core Viewpoint - The company reported a decline in contract sales area and amount for December 2025, while showing a significant increase in both metrics compared to the previous month [1] Group 1: Contract Sales Performance - In December 2025, the company achieved a contract sales area of 135,000 square meters, a year-on-year decrease of 20% but a month-on-month increase of 56% [1] - The contract sales amount for December 2025 was 1.99 billion yuan, reflecting a year-on-year decrease of 31% but a month-on-month increase of 66% [1] - For the entire year of 2025, the cumulative contract sales area was 1.206 million square meters, down 30% year-on-year [1] - The total contract sales amount for 2025 was 17.73 billion yuan, representing a year-on-year decrease of 33% [1] Group 2: Tourism Performance - In December 2025, the company's tourism enterprises received 5.71 million visitors, a year-on-year decline of 6% [1] - For the full year of 2025, the total number of visitors to the company's tourism enterprises was 79.7 million, showing a slight year-on-year decrease of 1% [1]

证券代码：000069 证券简称：华侨城 A 公告编号：2026-04 深圳华侨城股份有限公司 2025 年 12 月主要业务经营情况公告 1 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。 二、2025 年 12 月新增土地情况 2025 年 12 月，公司无新增土地情况。 三、2025 年 12 月旅游综合业务情况 2025 年 12 月，公司旗下文旅企业合计接待游客 571 万人次，同 比下降 6%。 2025 年 1-12 月，公司旗下文旅企业合计接待游客 7970 万人次， 同比上年下降 1%。 公司聚焦跨年节点，整合资源打造多元化节庆活动，焕新游玩体 验。演唱会、无人机等系列假期专项活动，让欢乐氛围与沉浸体验深 度交融。 一、2025 年 12 月房地产销售情况 2025 年 12 月，公司实现合同销售面积 13.5 万平方米，同比减 少 20%，环比 11 月增加 56%；合同销售金额 19.9 亿元，同比减少 31%， 环比 11 月增加 66%。 2025 年 1-12 月，公司累计实现合同销售面积 120.6 万平方米， 同比减少 30%；合同 ...

Core Viewpoint - The company reported a decline in contract sales area and amount for December 2025, indicating a challenging market environment, despite a month-on-month increase in both metrics [1] Group 1: December Performance - The company achieved a contract sales area of 135,000 square meters in December 2025, representing a year-on-year decrease of 20% but a month-on-month increase of 56% [1] - The contract sales amount for December 2025 was 1.99 billion yuan, showing a year-on-year decline of 31% but a month-on-month increase of 66% [1] Group 2: Annual Performance - For the entire year of 2025, the company recorded a cumulative contract sales area of 1.206 million square meters, which is a 30% decrease compared to the previous year [1] - The total contract sales amount for 2025 was 17.73 billion yuan, reflecting a year-on-year decline of 33% [1]

Investment Rating - The report indicates a positive outlook for the real estate sector, suggesting that the industry is entering a phase of stable structure and profitability, with a focus on quality over quantity in land acquisition [61]. Core Insights - The 2025 land market is characterized by a "quality over quantity" approach, with a significant decrease in land supply and transaction volumes, while average transaction prices have increased [25][61]. - Central state-owned enterprises (SOEs) and leading real estate companies are becoming more active in land acquisition, with a notable increase in land acquisition intensity among major firms [48][61]. - The average premium rate for land transactions in national sample cities has risen, indicating strong competition for prime land in first and second-tier cities [31][61]. Summary by Sections Land Market Overview - In 2025, the total land supply in national sample cities decreased by 16.9% year-on-year to 1,172.42 million square meters, with first, second, and third-fourth tier cities experiencing declines of 27.6%, 6.4%, and 19.2% respectively [25][28]. - Land transaction volumes also fell by 12.5% to 986.63 million square meters, with transaction values dropping by 11.4% to RMB 28,488 billion, while the average transaction floor price increased by 3.4% to RMB 2,887 per square meter [25][28]. Premium Rates and City Focus - The average premium rate for land transactions in 2025 was 5.3%, up 1.1 percentage points year-on-year, with first-tier cities averaging 10.7% and second-tier cities at 6.2% [31][61]. - Major cities like Shanghai, Shenzhen, Hangzhou, and Chengdu saw premium rates exceeding 10%, indicating a strong demand for quality land [31][61]. Investment Strategies of Key Players - In 2025, 12 real estate companies exceeded RMB 10 billion in land acquisition, with 11 being central SOEs, highlighting the dominance of state-owned enterprises in the market [48][61]. - The land acquisition intensity for the top 100 real estate companies was 0.29, reflecting a 70.6% increase year-on-year, with Hangzhou Binjiang Real Estate Group leading at 81.9% [48][61]. Investment Recommendations - The report suggests focusing on key players in the real estate sector, including Poly Developments, China Merchants Shekou, and China Resources Land, among others, as they are well-positioned to benefit from the current market dynamics [61][65].

Investment Rating - Investment advice emphasizes high-quality development in the real estate sector, with low-valuation real estate showing potential for gains. The sector is expected to experience valuation recovery in 2026 due to improved regulations and policies [20]. Core Insights - The Fifteenth Five-Year Plan focuses on high-quality development in real estate, with market enthusiasm on the rise. The current total market cap of the AH real estate sector is misaligned with its economic position, indicating potential investment opportunities [20]. - The report highlights a decrease in planned land reserve acquisitions, with a total planned reserve exceeding RMB 700 billion. By 4Q25, 5,364 idle land plots are planned for acquisition, covering 290 million square meters, totaling RMB 706 billion [20][3]. - Special bond issuance remains high, with over RMB 300 billion in land reserve special bonds issued by 4Q25, covering 43% of planned reserves, an increase of 11 percentage points from the previous quarter [20][3]. Summary by Sections Land Reserve Planning - In 4Q25, the new planned land reserve amount is RMB 79.8 billion, down 44.4% quarter-on-quarter. The top three regions by reserve scale are Zhejiang (RMB 90.7 billion), Guangdong (RMB 88.4 billion), and Chongqing (RMB 67 billion) [20][3]. - The average discount rate for land acquisition is 0.8, with 77.6% of the new plots acquired being from the 2020-2024 period [20][3]. Special Bonds - By 4Q25, the issuance of special bonds for land reserve has reached over RMB 3,000 billion, with a coverage rate of 43% for planned reserves. The new issuance in 4Q25 is RMB 109.5 billion, maintaining a high pace [20][3]. - Local governments plan to issue RMB 4.58 trillion in new special bonds in 2025, with 6.6% allocated for acquiring idle land [20][3]. Key Companies to Watch - Key targets for investment include development companies such as Poly Developments, China Merchants Shekou, and Gemdale, as well as property management firms like China Resources Mixc and Poly Property Services [20][3].

会议根据议程逐项审议并通过了如下事项： 一、3票同意，0票反对，0票弃权，审议通过了《关于提请股东会更换独立董事的议案》，同意提名邓 金栋先生为公司独立董事候选人，任期自股东会审议通过之日起至第九届董事会任期届满之日止；李茂 惠先生因个人原因不再担任公司相关职务；并同意将该议案提交公司股东会审议。具体情况详见《关于 变更独立董事的公告》（公告编号：2026-02） 登录新浪财经APP 搜索【信披】查看更多考评等级 第九届董事会第四次临时会议决议公告 证券代码：000069 证券简称：华侨城A 公告编号：2026-01 深圳华侨城股份有限公司 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四次临时会议的通知和文件于2026年1月6日（星期二）以书 面、电子邮件方式送达各位与会人员。会议于2026年1月9日（星期五）以通讯方式召开。出席会议董事 应到4人，实到3人，独立董事李茂惠因个人原因请假本次会议。会议的召开符合公司法和公司章程的有 关规定。 二、3票同意，0票反对，0票弃权，审议通过了《关于召开2026年第一次临时股东会的议案 ...

证券日报网讯 1月9日，华侨城A发布公告称，公司第九届董事会第四次临时会议审议通过《关于提请股 东会更换独立董事的议案》等。 ...