深圳市天健（集团）股份有限公司关于公司 第九届董事会第二十九次会议的决议公告 （表决结果：同意 8 票，反对 0 票，弃权 0 票） 证券代码：000090 证券简称：天健集团 公告编号：2025-42 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 一、董事会会议召开情况 深圳市天健（集团）股份有限公司（以下简称"公司""天健集 团"）第九届董事会第二十九次会议于 2025 年 5 月 30 日以通讯方 式召开，会议通知于 2025 年 5 月 26 日以书面送达或电子邮件方 式发出。会议应参加表决的董事 8 人，实际参加表决的董事 8 人。 会议召开符合《公司法》及《公司章程》等有关规定。会议以通 讯表决方式审议通过了如下议案并形成决议。 二、董事会会议审议情况 （一）审议通过了《关于召开 2024 年度股东大会的议案》 公司董事会定于 2025 年 6 月 20 日（星期五）下午 3:00 以现 场投票结合网络投票方式召开公司 2024 年度股东大会。股东大会 通知同日刊登在《证券时报》《上海证券报》《中国证券报》及 巨潮资讯网。 1 三、备查文件 1. ...

深圳市天健（集团）股份有限公司 关于召开 2024 年度股东大会的通知 证券代码：000090 证券简称：天健集团 公告编号：2025-43 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 2025 年 5 月 30 日，深圳市天健（集团）股份有限公司（以 下简称"公司"）第九届董事会第二十九次会议审议通过了《关于 召开 2024 年度股东大会的议案》，提议召开本次股东大会，现 将会议有关事项通知如下： 一、召开会议的基本情况 1.股东大会届次：2024 年度股东大会 2.召集人：公司董事会 3.会议召开的合法、合规性：本次股东大会的召开符合有关 法律、行政法规、部门规章、规范性文件、深圳证券交易所（以 下简称"深交所"）业务规则和《公司章程》等规定。 4.召开的日期、时间： （1）现场会议召开时间：2025 年 6 月 20 日（星期五）下 午 3:00 （2）网络投票时间： 1 通过深交所交易系统进行网络投票的时间为 2025 年 6 月 20 日上午 9:15-9:25，9:30-11:30 和下午 1:00-3:00； 通过深交所互联网投票系统进行网络 ...

Group 1 - The core focus of Tianjian Group is urban construction, comprehensive development, and urban services, with an emphasis on green and low-carbon transformation in the urban construction sector [1] - The company is establishing a super low-energy building standard system and exploring areas such as photovoltaic building integration and green building materials [1] - Tianjian Group's comprehensive development projects are of high quality, actively promoting urban renewal projects [1] Group 2 - The urban services segment includes infrastructure maintenance, land preparation, commercial operations, property management, and construction agency services [1] - Tianjian Group's subsidiary, Tianjian Resettlement Company, possesses a full-process technical team and extensive practical experience in urban renewal in Shenzhen [1] - The company prioritizes technological innovation and collaborates with universities and research institutions to establish multiple technology innovation platforms [1] Group 3 - The company aims to become an urban comprehensive operator, enhancing its core capabilities in urban construction and urban services [1] - Shenzhen Qingshuiyuan Investment Management Co., Ltd. was established in October 2011 and specializes in securities investment management [2] - The company has achieved top ten cumulative returns in its product offerings for 2012 and 2013 among nearly 1000 similar products [2]

Group 1: Company Overview - The company focuses on urban construction, comprehensive development, and urban services [1] - It aims to accelerate green and low-carbon transformation, establishing ultra-low energy consumption building standards [1] - The company has made breakthroughs in external construction markets such as Dongguan, Zhaoqing, Ganzhou, and Hainan [1] Group 2: Urban Development Projects - The company is actively promoting urban renewal projects, including the Luohu Jincui urban renewal project with a demolition area of approximately 34,521 m² [2] - The Longhua Huafu Industrial Zone project covers an area of about 52,923.4 m², with plans for residential and commercial developments [2] Group 3: Urban Services - The company enhances urban infrastructure maintenance services through smart maintenance systems, utilizing technologies like AI and IoT [2] - It is involved in land preparation services, with ongoing projects such as the Luohu and Bihai Garden renovation projects [2] Group 4: Property and Construction Services - The company extends its services to include sanitation, water technology, asset operation, and elderly care services [3] - It has a management team of nearly 200 for construction agency services, covering various public projects [3] Group 5: Urban Village Renovation - The company has a specialized technical team for urban renewal, having served over 60 projects, including the challenging Luohu "second-line flower land" project [4] - The Luohu Luoling area renovation project involves approximately 12.06 hectares of demolition and plans for 472,755 m² of residential, commercial, and office space [5] Group 6: Research and Innovation - The company emphasizes technological innovation, collaborating with universities and research institutions to establish multiple innovation platforms [6] - It has developed the city's first engineering hospital and is involved in research on seawater and underground space applications [6] Group 7: Strategic Vision - The company aims to solidify its core capabilities in urban construction and services, focusing on Shenzhen and the Greater Bay Area [7] - It seeks to deepen reforms and technological innovation while exploring new business models to enhance urban living [7]

Investment Rating - The investment rating for the company is maintained as "Buy" with a target price of 4.09 RMB [8][9]. Core Views - The company reported a significant decline in revenue and net profit for 2024, with revenues of 2.136 billion RMB and a net profit of 620 million RMB, representing year-on-year decreases of 20.9% and 59.1% respectively. The decline in profit was primarily due to an asset impairment loss of 530 million RMB [1]. - The company is expected to benefit from accelerated urban village renovations and the development of the Greater Bay Area, which supports the "Buy" rating [1][5]. - The construction business faced pressure due to a decline in new orders, with new signed orders amounting to 13.57 billion RMB, down 31.9% year-on-year [4]. Summary by Sections Financial Performance - In 2024, the company achieved revenues of 1.152 billion RMB from construction, 1.031 billion RMB from real estate sales, and 42 million RMB from property leasing, with year-on-year changes of -40.3%, -0.3%, and +5.2% respectively. The gross margin for construction was 5.0%, for real estate was 27.2%, and for property leasing was 36.4% [2]. - The operating cash flow for 2024 was 1.14 billion RMB, a decrease of 83.9% year-on-year, primarily due to reduced pre-sales and sales collections [3]. Order and Project Updates - The company has four ongoing development projects with a total planned construction area of 875,000 square meters and 21 projects for sale, with an unrecognized construction area of 1.329 million square meters [4]. - The company is actively participating in urban village renovation projects in Shenzhen, having successfully bid for several projects, which is expected to provide ongoing benefits [4]. Profit Forecast and Valuation - The profit forecast for 2025-2027 has been adjusted downwards, with expected net profits of 690 million RMB, 760 million RMB, and 820 million RMB respectively, reflecting a reduction of 41% and 45% from previous estimates [5]. - The target market capitalization for 2025 is set at 7.7 billion RMB, with a target price of 4.09 RMB per share, based on a price-to-earnings ratio of 12x for real estate and 5x for construction and other businesses [5].

Core Insights - Tianjian Group (000090.SZ) reported a total operating revenue of 2.885 billion yuan for Q1 2025, ranking 18th among disclosed peers, with a year-on-year increase of 134 million yuan, representing a 4.86% growth compared to the same period last year [1] - The company's net profit attributable to shareholders was 40.339 million yuan, ranking 29th among peers, showing a decrease of 57.023 million yuan, which is a 58.57% decline year-on-year [1] - The net cash flow from operating activities was -1.593 billion yuan, ranking 85th among peers, with a decrease of 268 million yuan compared to the same period last year [1] Financial Ratios - The latest debt-to-asset ratio is 75.70%, ranking 65th among peers, with a decrease of 0.79 percentage points from the previous quarter and a decrease of 2.02 percentage points year-on-year [3] - The latest gross profit margin is 13.40%, ranking 60th among peers, with a decrease of 2.53 percentage points from the previous quarter and a decrease of 4.46 percentage points year-on-year [3] - The latest return on equity (ROE) is 0.28%, ranking 35th among peers, with a decrease of 0.39 percentage points year-on-year [3] Earnings Per Share and Turnover Ratios - The diluted earnings per share is 0.02 yuan, ranking 28th among peers, showing a decrease of 0.03 yuan, which is a 58.54% decline year-on-year [3] - The latest total asset turnover ratio is 0.05 times, ranking 20th among peers, with an increase of 0.01 times year-on-year, representing a 14.75% growth [3] - The latest inventory turnover ratio is 0.11 times, ranking 20th among peers, with an increase of 0.02 times year-on-year, achieving a 26.02% increase over the previous year [3] Shareholder Structure - The number of shareholders is 42,500, with the top ten shareholders holding 853 million shares, accounting for 45.67% of the total share capital [3] - The largest shareholder is Shenzhen Special Zone Construction Group Co., Ltd., holding 23.47% of the shares [3] - The second-largest shareholder is Shenzhen Capital Operation Group Co., Ltd., holding 16.10% of the shares [3]

证券代码：000090 证券简称：天健集团 公告编号：2025-40 重要内容提示： 登录新浪财经APP 搜索【信披】查看更多考评等级 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、 误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息 的真实、准确、完整。 3.第一季度报告是否经审计 □是 √否 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 √否 ■ （二） 非经常性损益项目和金额 √适用 □不适用 单位：元 ■ 其他符合非经常性损益定义的损益项目的具体情况 □适用 √不适用 公司不存在其他符合非经常性损益定义的损益项目的具体情况。 将《公开发行证券的公司信息披露解释性公告第1号一一非经常性损益》中列举的非经常性损益项目界 定为经常性损益项目的情况说明 □适用 √不适用 公司不存在将《公开发行证券的公司信息披露解释性公告第1号一一非经常性损益》中列举的非经常性 损益项目界定为经常性损益的项目的情形。 （三） 主要会计数 ...

深圳市天健（集团）股份有限公司 2025 年第一季度建筑业经营情况简报 特此公告。 深圳市天健（集团）股份有限公司董事会 2025 年 4 月 29 日 1 序 号 业务模式 2025 年 1-3 月 新签订单 截至 2025 年 3 月 31 日 累计已签约未完工订单 剩余金额 已中标未签约订单 数量 （个 ） 金额 （万元） 数量 （个） 金额 （万元） 数量 （个 ） 金额 （万元） 1 施工承包 25 166,135.15 171 1,937,364.51 19 42,893.16 2 工程总承包 2 40,566.66 25 403,623.83 0 0.00 3 道路日常养护 31 77,014.54 39 73,209.04 1 468.91 小计 58 283,716.35 235 2,414,197.38 20 43,362.07 一、总体情况 证券代码：000090 证券简称：天健集团 公告编号：2025-41 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 根据《深圳证券交易所上市公司自律监管指引第 3 号—行业信 息披露》的规定，现将公 ...

Financial Performance - The company's operating revenue for Q1 2025 was ¥2,885,135,314.72, representing a 4.86% increase compared to ¥2,751,306,069.52 in the same period last year[2] - Net profit attributable to shareholders decreased by 58.57% to ¥40,339,005.05 from ¥97,362,102.09 year-on-year[2] - Basic and diluted earnings per share fell by 58.54% to ¥0.0216 from ¥0.0521 in the same period last year[2] - Net profit for the current period was ¥13,506,682.08, a significant decrease of 80.91% from ¥70,779,869.28 in the previous period[15] - The company's equity attributable to shareholders increased slightly to ¥14,616,403,740.04 from ¥14,589,498,474.27, a rise of 0.18%[12] Cash Flow - The net cash flow from operating activities was negative at -¥1,593,012,782.33, a decline of 20.26% compared to -¥1,324,636,143.52 in the previous year[2] - Operating cash flow for the current period is -1,593,012,782.33 CNY, compared to -1,324,636,143.52 CNY in the previous period, indicating a decline in cash flow from operations[17] - Total cash inflow from operating activities decreased to 4,871,623,640.06 CNY from 5,358,674,350.32 CNY, a reduction of approximately 9.1%[17] - Cash outflow from operating activities was 6,464,636,422.39 CNY, slightly down from 6,683,310,493.84 CNY, showing a decrease of about 3.3%[17] - The net cash and cash equivalents decreased by 1,807,849,621.09 CNY, compared to a decrease of 1,331,600,049.19 CNY in the previous period[18] Assets and Liabilities - Total assets decreased by 3.24% to ¥61,832,496,940.47 from ¥63,902,869,221.23 at the end of the previous year[2] - Total liabilities decreased to ¥46,807,725,034.69, down 4.25% from ¥48,878,170,258.25 in the previous period[12] - Total current assets decreased from 52,829,928,649.63 yuan to 50,800,848,354.46 yuan, a decline of approximately 3.84%[10] - Cash and cash equivalents decreased from 10,063,847,972.92 yuan to 8,367,304,456.69 yuan, a decrease of about 16.85%[10] Shareholder Information - Total number of common shareholders at the end of the reporting period is 42,458[8] - The largest shareholder, Shenzhen Special Zone Construction Group Co., Ltd., holds 23.47% of shares, totaling 438,637,781 shares[8] - The company has no preferred shareholders or significant changes in the top 10 shareholders participating in margin trading[9] - The total number of preferred shareholders is reported as not applicable[9] Government Support and Expenses - The company received government subsidies amounting to ¥269,197.03, primarily related to normal business operations[4] - The financial expenses rose by 36.47% to ¥58,441,907.33, mainly due to reduced capitalization of interest from ongoing real estate projects[5] - The company reported a 99.15% decrease in tax refunds received, totaling ¥338,000.97 compared to ¥39,871,377.79 in the previous year[5] Investment Activities - Investment cash flow net amount improved to 68,319,754.15 CNY from -55,127,234.89 CNY, indicating a positive turnaround in investment activities[18] - The company received 78,000,000.00 CNY from investment recoveries, compared to 0.00 CNY in the previous period, indicating new investment recovery efforts[17] Research and Development - Research and development expenses for the current period were ¥97,074,136.32, a decrease of 26.61% compared to ¥132,277,094.47 in the previous period[14]

Investment Rating - The report maintains a "positive" rating for the real estate and property management sectors [4]. Core Insights - The report highlights the increasing importance of real estate strategies, emphasizing the need for quality housing supply and urban renewal initiatives to stabilize the market [4][32]. - Recent policies aim to enhance the real estate market's stability, with a focus on optimizing existing housing stock and promoting high-quality housing [32][33]. Industry Data Summary New Housing Transactions - In the week of April 19-25, 2025, 34 key cities recorded a total new housing transaction volume of 206.4 million square meters, reflecting an 8.4% week-on-week increase [5]. - Year-on-year, April's new housing transactions in these cities decreased by 21.2% compared to the same period last year [7][8]. Second-Hand Housing Transactions - In the same week, second-hand housing transactions in 13 key cities totaled 142.4 million square meters, marking a 6.5% increase from the previous week [13]. - Cumulatively, second-hand housing transactions for April showed a 1.5% year-on-year increase [13]. Inventory and Supply - In the week of April 19-25, 2025, 15 key cities launched 121 million square meters of new housing, with a sales-to-launch ratio of 0.68, indicating ongoing inventory reduction [23]. - The total available residential area in these cities reached 89.5 million square meters, with an average absorption period of 23.2 months [23]. Policy and News Tracking - The report notes that the central government is reinforcing economic stability measures, including urban renewal and high-quality housing supply [32][33]. - Local governments are implementing targeted policies, such as tax subsidies for home purchases in specific regions [33][35]. Company Performance Overview - The report provides a snapshot of key companies' performances, indicating mixed results with some companies like Lujiazui showing revenue growth of 33% in 2024, while others like Tianjian Group experienced a 21% revenue decline [39]. - The first quarter of 2025 saw Lujiazui's revenue increase by 41% year-on-year, reflecting a positive trend in the company's performance [39].