证券代码：000421 股票简称：南京公用 公告编号：2025-61 南京公用发展股份有限公司 董事会决议公告 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。 南京公用发展股份有限公司董事会于 2025 年 10 月 20 日以电子邮件方式向 全体董事发出召开第十二届董事会第十六次会议的通知及相关会议资料。2025 年 10 月 24 日，第十二届董事会第十六次会议以通讯表决的方式召开，会议应 到董事 9 名，实到董事 9 名。本次会议的召集、召开和表决程序符合《公司法》 和《公司章程》的要求。经与会董事充分审议，本次会议形成如下决议： 1、审议通过《关于计提资产减值准备的议案》。 2、审议通过《2025 年第三季度报告》。 1 为客观、真实反映公司资产价值、财务状况及经营情况，根据《企业会计 准则》及公司会计政策的有关规定，公司及下属子公司对截至 2025 年 9 月末的 各类资产进行了全面检查和减值测试，并对相关资产价值出现的减值迹象进行 了充分地分析和评估。根据测试结果，基于谨慎性原则，公司对可能存在减值 迹象的资产计提减值准备 1,814.11 万元。 ...

Financial Performance - The company's operating revenue for Q3 2025 reached ¥3,101,554,351.09, representing a 165.53% increase year-over-year[5] - Net profit attributable to shareholders was ¥84,618,140.46, a staggering increase of 2,492.12% compared to the same period last year[5] - The basic earnings per share (EPS) was ¥0.1475, reflecting a 2,533.93% increase year-over-year[5] - The company reported a total profit of ¥259,179,635.84, which is a 2,463.09% increase year-over-year[9] - The company's net profit margin improved significantly, with profit total reaching ¥259,179,635.84 compared to ¥10,111,992.09 in the previous period[19] - The net profit for the current period is ¥187,773,017.03, compared to a net loss of ¥11,345,817.78 in the previous period[20] - The net profit attributable to shareholders of the parent company is ¥115,901,125.96, a significant improvement from a net loss of ¥14,415,775.85 in the previous period[20] - The total comprehensive income for the current period is ¥195,877,449.53, compared to a total comprehensive loss of ¥15,636,367.00 in the previous period[20] Cash Flow - The net cash flow from operating activities was ¥1,577,074,178.68, showing a significant increase of 703.05% compared to the same period last year[9] - Operating cash flow for the current period is ¥1,577,074,178.68, a recovery from a negative cash flow of ¥261,518,436.24 in the previous period[24] - Cash inflow from operating activities totaled ¥5,218,336,919.87, up from ¥4,097,657,478.77 in the previous period[24] - Cash outflow from operating activities decreased to ¥3,641,262,741.19 from ¥4,359,175,915.01 in the previous period[24] - The net cash flow from investing activities is ¥315,054,751.24, recovering from a negative cash flow of ¥155,036,428.92 in the previous period[24] - The net cash flow from financing activities is -¥1,894,449,680.00, compared to a positive cash flow of ¥160,308,041.43 in the previous period[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥10,570,860,524.61, a decrease of 26.66% from the previous year-end[5] - Current assets totaled ¥4,839,869,308.62, down from ¥8,118,432,068.34, indicating a decline of about 40.1%[18] - Current liabilities decreased to ¥5,555,071,098.38 from ¥8,419,130,169.53, a reduction of approximately 34.5%[18] - Non-current liabilities decreased to ¥1,012,378,513.33 from ¥2,122,342,299.89, reflecting a decline of about 52.3%[18] - The cash and cash equivalents at the end of the period were ¥1,600,259,511.76, slightly down from ¥1,603,828,169.93 at the beginning of the period[17] - The cash and cash equivalents at the end of the period amount to ¥1,588,840,530.89, slightly down from ¥1,497,103,500.40 in the previous period[25] Shareholder Information - The total number of common shareholders at the end of the reporting period is 31,623[10] - The largest shareholder, Nanjing Public Utilities Holdings Group Co., Ltd., holds 49.38% of shares, totaling 283,659,711 shares[10] - The second-largest shareholder, Nanjing Urban Construction Investment Holdings Group Co., Ltd., holds 4.69% of shares, totaling 26,930,936 shares[10] - The company has no preferred shareholders with voting rights[10] - The company has no preferred shareholders and no changes in the top ten shareholders due to margin trading activities[11] - The company has not identified any other relationships among the top ten shareholders beyond the first and second largest being acting in concert[11] Operational Highlights - The company’s gross profit margin improved significantly due to increased project deliveries, leading to higher operating profits[8] - The company experienced a 45.91% decrease in accounts receivable, primarily due to the collection of payments from a specific project[8] - The company reported a significant increase in sales expenses, which rose to ¥402,693,020.11 from ¥338,278,488.09, an increase of approximately 19.0%[19] - The company plans to participate in land use rights auctions for two plots in Nanjing, with one plot successfully acquired for RMB 1.323 billion[15] - The company received a total of RMB 22.25 million from a subsidiary during the reporting period[14] - The company has terminated the cash acquisition of a 68% stake in Hangzhou Yugu Technology Co., Ltd.[13] - The company’s subsidiary was authorized to bid for land use rights, indicating a strategy for market expansion[15] Cost Analysis - Total operating revenue for the period reached ¥5,968,318,839.29, a significant increase from ¥3,637,986,041.51 in the previous period, representing a growth of approximately 64.2%[19] - Total operating costs amounted to ¥5,781,394,808.58, up from ¥3,714,086,852.84, indicating an increase of about 55.5%[19] - Operating profit for the period was ¥256,021,257.23, compared to ¥13,350,083.09 in the previous period, reflecting a substantial improvement[19]

Market Overview - On October 20, the comprehensive sector rose by 0.26% compared to the previous trading day, with the Shanghai Sanmao leading the gains [1] - The Shanghai Composite Index closed at 3863.89, up 0.63%, while the Shenzhen Component Index closed at 12813.21, up 0.98% [1] Stock Performance - Shanghai Sanmao (600689) closed at 14.26, with a gain of 4.93% and a trading volume of 71,200 shares, amounting to a turnover of 100 million yuan [1] - Yuegui Co. (000833) closed at 14.86, up 3.55%, with a trading volume of 638,100 shares and a turnover of 951 million yuan [1] - Nanjing Public Utilities (000421) closed at 6.90, gaining 3.45%, with a trading volume of 446,400 shares and a turnover of 30.4 million yuan [1] - Other notable stocks include Sanmu Group (000632) with a 2.05% increase, Ningbo United (600051) up 1.82%, and Tianchen Co. (600620) up 1.80% [1] Capital Flow - The comprehensive sector experienced a net outflow of 88.57 million yuan from main funds, while retail investors saw a net inflow of 103 million yuan [2] - The net outflow from speculative funds was 14.76 million yuan [2] Individual Stock Capital Flow - Yuegui Co. (000833) had a main fund net outflow of 59.84 million yuan, with retail investors contributing a net inflow of 44.73 million yuan [3] - Nanjing Public Utilities (000421) saw a net inflow of 24.57 million yuan from main funds, while retail investors had a net outflow of 30.74 million yuan [3] - Tianchen Co. (600620) experienced a net outflow of 3.75 million yuan from main funds, but retail investors contributed a net inflow of 4.89 million yuan [3]

Core Viewpoint - Nanjing Public Utility plans to optimize asset allocation and improve operational efficiency by transferring 51% equity of its subsidiary, Nanjing Zhongbei Jinjia Real Estate Development Co., Ltd., through public listing, with a minimum valuation of RMB 34.52 million [1][2] Group 1: Equity Transfer and Financial Strategy - The transfer of equity aims to enhance liquidity and achieve rapid capital recovery, thereby preserving and increasing the value of state-owned assets [2] - The company has signed a cooperation development agreement with Nanjing Zhongkun Real Estate Co., Ltd. to jointly invest in a project, providing financial support of up to RMB 788 million at an interest rate of 6% per annum [2] - The company plans to provide financial assistance to its shareholders, totaling RMB 10.1 million, with varying amounts allocated to different partners at an interest rate of 2.54% [2][3] Group 2: Financial Performance - Nanjing Public Utility's revenue has fluctuated significantly from 2021 to 2024, with figures of RMB 3.589 billion, RMB 7.113 billion, RMB 4.632 billion, and RMB 6.569 billion, reflecting year-on-year changes of -47.53%, 98.19%, -34.88%, and 41.83% respectively [4] - The net profit attributable to shareholders has also varied, with values of RMB 986.5 million, RMB 605.3 million, -RMB 902.7 million, and RMB 459.2 million, showing year-on-year changes of -56.17%, -38.64%, -249.14%, and 150.87% respectively [4] - In the first half of 2025, the company reported revenue of RMB 2.867 billion, a year-on-year increase of 16.07%, and a net profit of RMB 312.83 million, indicating a turnaround from previous losses [5]

Core Viewpoint - The recent recovery in regional land markets indicates increased confidence among market participants regarding the medium to long-term market recovery, as evidenced by several listed companies restarting land acquisitions during the "Golden September and Silver October" period [1] Group 1: Company Activities - Nanjing Gongyong Development Co., Ltd. announced that its subsidiary successfully acquired land use rights for a plot in Nanjing for 1.323 billion yuan, marking its first successful land acquisition of the year [2] - Beijing Capital Development Co., Ltd. successfully acquired land in Beijing for 446 million yuan, reflecting a renewed confidence in the Beijing real estate market after a long absence from land acquisitions [2] - Tiandi Source Co., Ltd. acquired over 100 acres of land in Xi'an for 2.015 billion yuan, marking its first land acquisition of the year, with a reported 11.22% year-on-year increase in contract sales area [3] Group 2: Market Trends - The land market is showing signs of recovery due to improved real estate policies and financing environments, although the overall approach remains rational [4] - The average land acquisition prices are primarily at base prices, indicating a more rational approach from companies, which provides a good opportunity for financially stable firms to replenish their land reserves [4] - Current land acquisition strategies among listed companies show a focus on "point-based layout" in key cities and "rational investment" with smaller-scale investments to maintain cash flow safety [4] Group 3: Future Outlook - The acceleration of "good housing" construction and urban village renovation policies is contributing to a gradual stabilization in new home sales, reflecting a strategic reserve in core cities by companies [5] - Although the industry has not fully emerged from the bottom, the ongoing strategic land reserves in advantageous regions are expected to support future market activity and project implementation [5]

证券代码：000421 证券简称：南京公用 公告编号：2025-60 南京公用发展股份有限公司 关于召开 2025 年第二次临时股东会的通知 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。 南京公用发展股份有限公司（以下简称"公司"）于 2025 年 10 月 17 日召 开第十二届董事会十五次会议，审议通过了《关于召开 2025 年第二次临时股 东会的议案》。本次股东会将采取现场投票和网络投票相结合的方式，现就有 关 2025 年第二次临时股东会事项公告如下 一、召开会议的基本情况 1、股东会届次：2025 年第二次临时股东会 2、股东会的召集人：董事会 3、本次会议的召集、召开符合《中华人民共和国公司法》《深圳证券交易 所股票上市规则》《深圳证券交易所上市公司自律监管指引第 1 号——主板上 市公司规范运作》等法律、行政法规、部门规章、规范性文件及《公司章程》 的有关规定。 4、会议时间： （1）现场会议时间：2025 年 11 月 3 日 14:30 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间 为 2025 年 11 月 3 日 9 ...

Core Viewpoint - Nanjing Public Utilities (000421.SZ) successfully acquired land use rights for a plot in Nanjing for RMB 1.323 billion, aiming to enhance operational efficiency and reduce risks in real estate projects through a joint development agreement with Zhongkun Real Estate [1] Group 1: Land Acquisition - Nanjing Public Utilities won the bidding for the land use rights of the NO.2025G72 plot in Jianye District, Nanjing, for RMB 1.323 billion [1] - The acquisition is part of a strategy to improve project operation efficiency and mitigate operational risks [1] Group 2: Joint Development Agreement - A cooperation development agreement was signed between Zhongbei Shengye and Zhongkun Real Estate to jointly invest in a project company for the development of the acquired land [1] - The registered capital of the project company is RMB 50 million, with Zhongbei Shengye holding 45% and Zhongkun Real Estate holding 55% of the equity [1] Group 3: Funding and Financial Support - The peak funding requirement for the project is estimated at RMB 1.8 billion, with funding provided according to the equity ownership proportions [1] - Zhongbei Shengye is responsible for a maximum of RMB 810 million in funding support, which includes a registered capital contribution of RMB 22.5 million and shareholder loans not exceeding RMB 787.5 million at an interest rate of 6% per annum [1]

Core Viewpoint - Nanjing Public Utilities (000421.SZ) plans to transfer 51% equity stake in Zhongbei Jinjing Real Estate through public listing to optimize resource allocation and improve asset operation efficiency [1] Summary by Relevant Sections Equity Transfer - Zhongbei Shengye intends to transfer its 51% stake in Zhongbei Jinjing Real Estate via the Nanjing Public Resource Trading Center [1] - The base price for the transfer is set at RMB 34.52 million, which corresponds to the assessed value of the 51% equity stake [1] Valuation Details - The total assessed value of shareholders' equity is reported at RMB 67.69 million as of the valuation benchmark date of August 31, 2025 [1] - The assessed value of Zhongbei Shengye's 51% stake in Zhongbei Jinjing Real Estate is RMB 34.52 million [1] Financial Reporting Implications - If the transaction is successfully completed, Zhongbei Jinjing Real Estate will no longer be included in the company's consolidated financial statements [1]

Core Viewpoint - Nanjing Public Utilities announced a cooperation agreement between its wholly-owned subsidiary Zhongbei Shengye and Zhongkun Real Estate to jointly invest in a project company for the development of a land parcel in Nanjing's Jianye District [1] Group 1: Investment Details - The project company will be established to collaborate on the land parcel NO.2025G72, which Zhongbei Shengye has successfully acquired [1] - The financial support provided to the project company will not exceed 788 million yuan, with a loan interest rate set at 6% per annum [1] - The loan term will last from the actual disbursement date to 36 months thereafter [1]

本报告依据中国资产评估准则编制 南京中北盛业房地产开发有限公司拟公开挂牌转让南京中北金基 房地产开发有限公司51%股权涉及的股东部分权益价值 资产评估报告 苏华评报字[2025]第705号 (共1册,第1册) 江苏华信资产评估有限公司 二〇二五年十月十六日 中国资产评估协会 资产评估业务报告备案回执 | 报告编码: | 3232020009202500843 | | --- | --- | | 合同编号: | 2025-705 | | 报告类型: | 法定评估业务资产评估报告 | | 报告文号: | 苏华评报字[2025]第705号 | | 报告名称: | 南京中北盛业房地产开发有限公司拟公开挂牌转让南京中北金基 房地产开发有限公司51%股权涉及的股东部分权益价值 | | 评估结论: | 34,523,800.00元 | | 评估报告日: | 2025年10月16日 | | 评估机构名称: | 江苏华信资产评估有限公司 | | 签名人员: | 李杰 (资产评估师) 正式会员 编号:32190218 | | | 项英 (资产评估师) 正式会员 编号:32230129 | | | 李杰、项英已实名认可 | (可扫 ...