Core Viewpoint - The company announced an organizational restructuring aimed at enhancing operational efficiency and competitiveness in the real estate sector [2]. Group 1: Organizational Restructuring - The restructuring focuses on key areas of development and property management to better promote the preservation and appreciation of state-owned assets [2]. - The adjustment aims to reduce horizontal communication costs between departments, addressing issues of functional overlap and lengthy communication chains [2]. - The company intends to concentrate its strengths, enhance project capabilities, and create significant reform outcomes [2]. - The restructuring will leverage existing professional technical personnel, concentrating core strengths to enhance the efficiency of the headquarters [2].

每经AI快讯，渝开发（SZ 000514，收盘价：5.37元）9月5日晚间发布公告称，公司第十届第四十四次 董事会会议于2025年9月5日会议以现场结合通讯方式召开。会议审议了《关于调整公司组织架构的议 案》等文件。 每经头条（nbdtoutiao）——烤肉店里洗头、西湖边开面包店、进军高端酒店……海底捞"不务正业"背 后：子品牌存活率不足50% （记者 王晓波） 2025年1至6月份，渝开发的营业收入构成为：房地产开发与经营业占比66.35%，石黄隧道经营权收入 占比18.14%，会展经营收入占比15.51%。 截至发稿，渝开发市值为45亿元。 ...

Core Points - The board of directors of Chongqing Yukaifa Co., Ltd. held its 44th meeting on September 5, 2025, with all 7 directors present, including independent directors attending via video [1] - The meeting approved the revision of the "Fundraising Management Measures" with a unanimous vote of 7 in favor, 0 against, and 0 abstentions [1] - The meeting also approved the adjustment of the company's organizational structure, which had previously been reviewed and approved by the company's Strategic Committee [1] Summary by Sections - **Meeting Details** - The meeting was conducted in accordance with the Company Law, Articles of Association, and Board Meeting Rules [1] - All directors were present, ensuring a full quorum for decision-making [1] - **Resolutions Passed** - The revision of the "Fundraising Management Measures" was unanimously approved [1] - The adjustment of the organizational structure was also unanimously approved, indicating a strategic shift within the company [1][2]

(2025 年 9 月) 第一章 总则 第一条 为了规范重庆渝开发股份有限公司（以下简称"公司"） 募集资金的管理和运用，提高募集资金的使用效率，保障投资者的 利益，依照《公司法》《证券法》《上市公司证券发行管理办法》 《上市公司募集资金监管规则》《深圳证券交易所股票上市规则》 （以下简称"《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》（2025 年修订） 等法律、法规、规范性文件以及《公司章程》的有关规定，结合公 司实际情况，特制定本办法。 第二条 本指引所称募集资金是指上市公司通过发行股票或 者其他具有股权性质的证券，向投资者募集并用于特定用途的资金 （不包括公司为实施股权激励计划募集的资金监管）。本办法所称 超募资金是指实际募集资金净额超过计划募集资金金额的部分。 第三条 公司董事会应当科学、审慎地选择新的投资项目， 对新的投资项目进行可行性分析，确信投资项目具有较好的市场 前景和盈利能力，有效防范投资风险，提高募集资金使用效益。 重庆渝开发股份有限公司 募集资金管理办法 第四条 公司董事会应当持续关注募集资金存放、管理和使 用情况，有效防范投资风险，提高 ...

证券代码：000514 证券简称: 渝开发 公告编号:2025-058 重庆渝开发股份有限公司 关于调整公司组织架构的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。并对其内容的真实性、准确性和完 整性承担个别及连带责任。 重庆渝开发股份有限公司（以下简称"公司"）于 2025 年 9 月 5 日召 开第十届董事会第四十四次会议审议通过《关于调整公司组织架构的议 案》。根据公司经营发展需要，本次公司组织架构调整一是聚焦开发和物 业重点配置，更好地推动国有资产保值增值；二是降低部门之间的横向沟 通成本，解决职能交叉、沟通链条长的问题；三是集中优势力量，配强项 目、打造作品，形成标志性改革成果；四是用好用活现有专业技术人员， 集中骨干力量配强精干高效本部，提升公司在房地产开发、物业服务及上 市公司作用发挥方面的竞争力。 本次组织架构调整是对公司内部管理机构的调整，不会对公司生产经 营活动产生重大影响，调整后的公司组织架构详见附件。 特此公告 重庆渝开发股份有限公司董事会 2025 年 9 月 6 日 1 附件：公司组织架构图 2 ...

证券代码：000514 证券简称：渝开发 公告编号：2025-057 重庆渝开发股份有限公司 第十届董事会第四十四次会议决议公告 本公司及其董事会全体成员保证信息披露内容的真实、准确和完 整，没有虚假记载、误导性陈述或重大遗漏。 具体内容请查阅同日公司在《中国证券报》《证券时报》《上海 证券报》及巨潮资讯网 www.cninfo.com.cn 披露的《关于调整公司组 织架构的公告》（公告编号 2025-058）。 特此公告 重庆渝开发股份有限公司董事会 重庆渝开发股份有限公司（以下简称"公司"）董事会 2025 年 8 月 29 日以通讯方式向各位董事发出关于召开公司第十届董事会第 四十四次会议的书面通知。2025 年 9 月 5 日，会议以现场结合通讯 方式如期召开。会议应到董事 7 人，实到董事 7 人（其中独立董事宋 宗宇先生、崔恒忠先生、陈定文先生、曾德珩先生以视频方式参会）。 会议由董事长陈业先生主持，公司部分高级管理人员列席了会议。会 议的召集和召开程序符合《公司法》《公司章程》和《公司董事会议 事规则》的有关规定，会议审议通过了如下议案： 2025 年 9 月 6 日 一、会议以 7 票赞成，0 ...

Market Overview - On September 2, the Chongqing state-owned enterprise reform sector fell by 1.11% compared to the previous trading day, with *ST Huicheng leading the decline [1] - The Shanghai Composite Index closed at 3858.13, down 0.45%, while the Shenzhen Component Index closed at 12553.84, down 2.14% [1] Stock Performance - Shanghai Sanmao (600689) saw a closing price of 13.79, with an increase of 2.99% and a trading volume of 100,200 shares, totaling 136 million yuan [1] - Chongqing Water (601158) closed at 4.74, up 0.64%, with a trading volume of 156,300 shares, amounting to 7.36878 million yuan [1] - Other notable stocks include Yuzhong Development (000514) at 5.35, down 0.74%, and Jieling Pickles (002507) at 13.25, down 0.97% [1][2] Capital Flow - The Chongqing state-owned enterprise reform sector experienced a net outflow of 178 million yuan from main funds, while retail investors saw a net inflow of 116 million yuan [2] - The table of capital flow indicates that Yuzhong Development (000514) had a net outflow of 6.6107 million yuan from main funds, but a net inflow of 6.9797 million yuan from retail investors [3] Individual Stock Analysis - *ST Huicheng (002168) closed at 4.80, down 4.95%, with a trading volume of 327,300 shares, totaling 159 million yuan [2] - Qianli Technology (601777) closed at 11.77, down 2.73%, with a trading volume of 708,600 shares [2] - Chongqing Port (600279) had a closing price of 5.51, down 0.54%, with a trading volume of 68,500 shares, totaling 3.7841 million yuan [2][3]

凭借资产处置，渝开发在上半年实现扭亏为盈，然而其经营基本面尚未得到实质性改善。8月22日晚， 渝开发披露2025年半年度业绩报告显示，2025年上半年渝开发归母净利润约1.93亿元，同比大幅增长 687.86%，这是近五年来同期首次实现正值。然而，与此形成鲜明对比的是，上半年渝开发营收仅为 1.41亿元，同比下降22.95%；经营活动产生的现金流量净额约为0.49亿元，同比下降74.14%。北京商报 记者注意到，渝开发归母净利润的大幅增长主要依赖于资产处置。这种通过非核心经营活动驱动的盈利 改善，虽在短期内扭转了亏损局面，但在主营业务尚未明显改善的情况下，未来渝开发的经营状况能否 持续好转仍存在不确定性。 2025年上半年，渝开发营业收入约为1.41亿元，同比下降22.95%，为近三年最低值。渝开发方面表示， 主要因本期房地产结转规模 减少，导致营业收入下滑。 分业务板块来看，渝开发房地产业上半年营收约为0.94亿元，同比下降26.25%。会议展览及石黄隧道经 营权收入和其他业务则分别约为0.22亿元和0.26亿元，同比分别下降25.42%和4.76%。 三大主营业务集体下滑，也导致渝开发经营活动产生的现金流 ...

Financial Performance - The company reported a net profit of 193 million yuan for the first half of 2025, a significant increase of 687.86% year-on-year, despite a total revenue decline of 22.95% to 141 million yuan [1] - The gross profit margin decreased to 19.72%, down 23.66% year-on-year, while the net profit margin improved to 135.75%, an increase of 692.28% [1] - The company’s earnings per share rose to 0.23 yuan, a year-on-year increase of 687.69% [1] Cash Flow and Debt - The company’s cash and cash equivalents decreased by 52.81% to 514 million yuan, indicating potential liquidity concerns [1] - The company’s interest-bearing debt reduced by 31.05% to 1.112 billion yuan, reflecting improved debt management [1] - The operating cash flow per share fell to 0.06 yuan, a decrease of 74.14% year-on-year, suggesting challenges in cash generation [1] Investment Returns - The company has a historical median Return on Invested Capital (ROIC) of 3.2% over the past decade, with a notably poor ROIC of -1.4% in 2024, indicating weak investment returns [3] - The company has experienced two years of losses since its listing, highlighting a fragile business model [3] Fund Holdings - Notable funds that have recently increased their holdings in the company include Guangfa Zhenghe A and Guangfa Hengxiang Bond A, indicating growing institutional interest [4] - The largest fund holding the company’s shares is Guangfa Xinhe A, with a current scale of 171 million yuan and a recent net value increase of 0.13% [4] Company Background - The company, originally established in December 1978, is the first real estate development enterprise listed in Chongqing and remains the only state-owned listed real estate developer in the city [4]

Core Viewpoint - Chongqing Yukaifang Co., Ltd. has demonstrated strong operational resilience and development potential amidst a challenging real estate market, achieving significant profitability breakthroughs through clear strategic positioning, efficient management, and precise asset operations [1] Financial Performance - In the first half of 2025, the company reported operating revenue of 141 million yuan, with a notable turnaround in net profit reaching 193 million yuan, a significant improvement compared to the previous year [2] - Basic earnings per share stood at 0.23 yuan, and the weighted average return on net assets was 5.19%, placing the company among the leaders in its industry [2] - The company optimized asset operations, successfully transferring 1% equity of Chongqing Langfu Real Estate Co., Ltd., which contributed 240 million yuan to investment income, enhancing net profit growth [2] - Internal cost control measures led to a reduction in expenses by 11.42 million yuan compared to the same period last year, further increasing profit margins [2] Business Strategy - The company is committed to a "focus on core business" strategy, aiming to enhance overall operational efficiency [3] - As of the reporting period, the company had a total land reserve of 241,500 square meters (equity area of approximately 178,200 square meters) and ongoing projects covering 196,600 square meters, providing a stable supply for future development [3] Market Positioning - Multiple real estate projects are progressing steadily, with sales and delivery operations being conducted in an orderly manner [4] - The company has established a strong brand image in the local market of Chongqing, gaining widespread recognition and trust from consumers due to its years of development experience and product quality [4] - The company emphasizes market demand, product innovation, and service enhancement, continuously optimizing product structure to strengthen market competitiveness [4] Financial Stability - The company actively expanded financing channels and deepened cooperation with financial institutions to efficiently meet project funding needs [5] - Financial expenses decreased compared to the previous year, effectively reducing financial risks and ensuring a stable cash flow [5] - The company has maintained an "AA" credit rating for its主体 and "AAA" rating for its debt instruments for 12 consecutive years, reflecting strong operational strength and market credibility [5] Future Outlook - The company plans to continue its steady development approach, leveraging ample project reserves, strong credit advantages, and efficient operational capabilities to accelerate project development and sales [5] - It aims to explore diversified development paths in property management and commercial operations to uncover new growth points, striving to create greater value for shareholders and contribute to high-quality industry development [5]