Core Insights - A silent personnel storm is sweeping through the real estate industry, with over 20 chairmen of real estate companies changing since early June, averaging one change per week [2][7] - The changes are predominantly seen in state-owned enterprises, reflecting a need for management to adapt to new industry conditions and enhance internal management capabilities, product innovation, and operational efficiency [2][6] Group 1: Leadership Changes - Major state-owned enterprises like China Minmetals, Beijing Construction Group, and China Overseas Land have seen significant leadership changes, indicating a trend of high-level adjustments in the sector [3][5] - Specific examples include the resignation of Lu Jiming from Guangming Real Estate due to retirement and the appointment of Wang Wei as the new chairman [3] - Other notable changes include the resignation of Li Wenjiang from Dalong Real Estate and the appointment of Zhao Changsong as acting chairman [4] Group 2: Reasons for Changes - The adjustments in leadership are attributed to the need for resource optimization and management reform within state-owned enterprises, as well as the pressures faced by private companies [6][8] - The real estate sector has been under significant pressure, with over 60% of listed companies reporting losses in the first half of 2025, prompting high-level changes as a response to market and performance pressures [8] Group 3: Financial Adjustments - The total compensation for chairmen of listed real estate companies has decreased from 86.57 million yuan in 2022 to 69.38 million yuan in 2024, reflecting the industry's adaptation to new market conditions [9] - The need for management to shift focus from land acquisition and high leverage to financial security and operational efficiency is emphasized [9]

Core Insights - The real estate industry is experiencing a wave of executive changes, particularly among state-owned enterprises and major players [1][5][6] - Recent adjustments in leadership are seen as a response to changes in the real estate sales market and the need for companies to adapt their operational strategies [1][5][6] Group 1: Executive Changes - On November 14, China Merchants Shekou announced the resignation of Jiang Tiefeng from his roles as non-executive director and chairman, with Zhu Wenkai appointed as his successor [1] - On November 13, Dalong Real Estate reported that Chairman Li Wenjiang resigned due to work adjustments, with Zhao Changsong appointed as acting chairman [3] - Five Mining Real Estate also announced leadership changes on the same day, with He Jianbo resigning and Dai Pengyu appointed as acting chairman [3] Group 2: Market Adaptation - The frequency of executive changes has increased as the year-end approaches, indicating a shift in corporate strategies in response to market conditions [1][5] - According to Yan Yujin from Shanghai Yiju Real Estate Research Institute, these personnel adjustments reflect the need for companies to align with market changes and internal operational adjustments [1][5] Group 3: Central State-Owned Enterprises - Central state-owned enterprises are at the forefront of these leadership changes, with key positions such as chairman and general manager being affected [5][6] - The adjustments are often due to work reallocations and personal reasons, highlighting the higher scrutiny and requirements for performance in these enterprises [6] Group 4: Cross-Group Movements - Recent trends show an increase in cross-group movements among executives, such as Xu Rong's appointment as chairman of China Resources Land after previously serving in various roles within the group [8] - The movement of executives like Wu Bingqi from China State Construction to China Overseas Land and Investment is aimed at leveraging cross-sector management experience to enhance business integration [8][9] Group 5: Industry Transformation - The real estate sector is transitioning from rapid expansion to a focus on refined operations, resource integration, and risk management, with state-owned enterprises leading this transformation [9] - The new generation of executives is expected to drive change and adapt to the evolving market landscape, reflecting a strategic shift in organizational and talent structures [9]

Market Overview - The Shanghai Composite Index increased by 0.27% as of 10:28 AM, with a trading volume of 61.67 billion shares and a transaction value of 893.47 billion yuan, a decrease of 6.50% compared to the previous trading day [1] Industry Performance - The top-performing industries included: - Oil and Petrochemicals: Increased by 1.77% with a transaction value of 8.62 billion yuan, led by Sinopec Oilfield Service, which rose by 10.21% [1] - Banking: Increased by 1.52% with a transaction value of 15.41 billion yuan, led by Agricultural Bank of China, which rose by 2.89% [1] - Home Appliances: Increased by 1.01% with a transaction value of 14.36 billion yuan, led by Beiyikang, which rose by 10.78% [1] - The worst-performing industries included: - Communication: Decreased by 1.33% with a transaction value of 34.89 billion yuan, led by Yongding Co., which fell by 5.45% [2] - Electric Power Equipment: Decreased by 1.25% with a transaction value of 148.46 billion yuan, led by Canadian Solar, which fell by 13.92% [2] - National Defense and Military Industry: Decreased by 0.92% with a transaction value of 16.72 billion yuan, led by Triangle Defense, which fell by 7.34% [2] Stock Performance - A total of 1,864 stocks rose, with 49 hitting the daily limit, while 3,394 stocks fell, with 2 hitting the lower limit [1]

Core Viewpoint - The stock of *ST Zhongdi has experienced significant volatility, achieving six limit-up days within eight trading days, with a cumulative increase of 22.85% and a turnover rate of 24.17% [2] Recent Stock Performance - The stock recorded a trading volume of 15.6567 million shares and a transaction amount of 102 million yuan on the latest trading day, with a turnover rate of 2.17% [2] - The total market capitalization of the stock reached 4.901 billion yuan, while the circulating market capitalization was 4.732 billion yuan [2] Financial Performance - The company reported a revenue of 14.293 billion yuan for the first three quarters, reflecting a year-on-year growth of 16.48% [2] - The net profit for the same period was 4.827 billion yuan, showing a substantial year-on-year increase of 424.13% [2] - The basic earnings per share were reported at 6.4600 yuan, with a weighted average return on equity of 414.06% [2] Trading Data - The stock has shown varied daily performance, with notable fluctuations in turnover rates and net capital inflows over the past trading days [2] - The stock was listed on the "Dragon and Tiger List" due to a cumulative price deviation of 12% over three consecutive trading days, with institutional investors net selling 18.1774 million yuan [2]

Group 1 - The core point of the article is that *ST Zhongdi held its 11th meeting of the 10th board of directors on November 10, 2025, to review various proposals, including the establishment, abolition, and revision of certain systems [1] - For the first half of 2025, *ST Zhongdi's revenue composition was as follows: 95.28% from housing sales, 3.66% from property management, 0.46% from other sources, 0.46% from rental income, and 0.13% from project management fees [1] - As of the report date, *ST Zhongdi's market capitalization was 4.7 billion yuan [1]

第一章 总则 第一条 为了规范中交地产股份有限公司（以下简称"公 司"）募集资金的管理和使用，保护投资者权益，根据《中 华人民共和国公司法》、《中华人民共和国证券法》、《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》、《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、法规、规范性文件以及《中 交地产股份有限公司章程》（以下简称《公司章程》）的有 关规定，结合公司的实际情况，特制定本制度。 第二条 本制度所称募集资金是指公司通过公开发行证 券（包括但不限于首次发行股票、配股、增发、发行可转换 公司债券、分离交易的可转换公司债券、公司债券、权证等） 以及向特定对象发行证券向投资者募集用于特定用途的资 金。 第三条 公司董事会应当对募集资金投资项目的可行性 进行充分论证，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。 第四条 募集资金投向必须符合国家产业政策和有关环 境保护、土地管理等法律和行政法规的规定，以提高股东回 报、增加公司资产收益为目的。 第五条 公司必须按信息披露的募集资金投向使用募集 资金，履行必要的审批程序，并按要 ...

证券代码：000736 证券简称：*ST 中地 公告编号：2025-116 中交地产股份有限公司 关于拟续聘会计师事务所的公告 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。 中交地产股份有限公司（以下简称"公司"）于 2025 年 11 月 10 日召开了第十届董事会十一次会议审议通过了《关于续聘安永华明会 计师事务所（特殊普通合伙）为 2025 年度审计机构的议案》，现将具 体情况公告如下： 一、拟续聘会计师事务所的基本情况 （一）机构信息 1.基本信息 安永华明会计师事务所（特殊普通合伙）以下简称"安永华明"， 于 1992 年 9 月成立，2012 年 8 月完成本土化转制，从一家中外合作 的有限责任制事务所转制为特殊普通合伙制事务所。安永华明总部设 在北京，注册地址为北京市东城区东长安街 1 号东方广场安永大楼 17 层 01-12 室。 2.人员信息 （二）项目成员信息 1.人员信息 (1) 项目合伙人和第一签字注册会计师王静女士，于 2009 年成 为注册会计师、2005 年开始从事上市公司审计、2005 年开始在安永 华明执业、2022 年开始 ...

证券代码：000736 证券简称：*ST 中地 公告编号：2025-115 中交地产股份有限公司 关于制定、废止及修订部分制度的公告 一、修订公司制度的相关情况 为落实《中华人民共和国公司法》《上市公司章程指引》《上市 公司股东会规则》等法律法规及规范性文件的要求，同时，鉴于公司 重组完成后，已将持有的房地产开发业务相关资产及负债转让至控股 股东，未来公司坚持高质量发展总基调，打造服务型新质生产力，走 轻资产运营道路。结合公司实际情况，公司制定、修订及废止部分制 度，具体明细如下： | 序 号 | 制度名称 | 变更情况 | 是否提交股 东会审议 | | --- | --- | --- | --- | | 1 | 《总裁办公会议事规则》 | 修订 | 否 | | 2 | 《负责人问责及退出暂行规定》 | 修订 | 否 | | 3 | 《反舞弊与举报机制条例》 | 修订 | 否 | | 4 | 《内部控制监督管理办法》 | 修订 | 否 | | 5 | 《战略规划管理办法》 | 修订 | 否 | | 6 | 《全面风险管理办法》 | 修订 | 否 | | 7 | 《内部审计管理办法》 | 修订 | 否 | | ...

特此公告。 中交地产股份有限公司董事会 证券代码：000736 证券简称：*ST 中地 公告编号：2025-118 中交地产股份有限公司 关于变更持续督导独立财务顾问主办人的公告 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。 中交地产股份有限公司（以下简称"公司"）于近日收到中国国 际金融股份有限公司（以下简称"中金公司"）出具的《关于更换中 交地产股份有限公司重大资产出售暨关联交易项目持续督导独立财 务顾问主办人的函》。中金公司作为公司重大资产出售暨关联交易项 目持续督导独立财务顾问，原委托刘思远先生、杨云帆先生作为独立 财务顾问主办人，负责持续督导工作，持续督导期至 2026 年 12 月 31 日止。 由于原独立财务顾问主办人刘思远先生工作变动，不再担任本次 重组项目的独立财务顾问主办人。为保证后续工作的有序进行，中金 公司现委派乔达先生（简历见附件）接替刘思远先生担任独立财务顾 问主办人，继续履行相关职责。公司董事会对独立财务顾问主办人刘 思远先生在本次重组期间所做出的杰出贡献表示衷心感谢！ 上述变更后，独立财务顾问中金公司就本次持续督导指定的独立 ...

证券代码：000736 证券简称：*ST 中地 公告编号：2025-117 中交地产股份有限公司 关于召开 2025 年第八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。 一、召开会议的基本情况 （一）股东会届次：2025 年第八次临时股东会。 （二）召集人：经公司第十届董事会第十一次会议审议通过，由 公司董事会召集本次股东会。 （三）本次股东会会议召开符合公司《章程》及有关法律、行政 法规等的规定。 （四）召开时间 1、现场会议召开时间：2025 年 11 月 28 日 14：50。 2、网络投票时间： （1）通过深圳证券交易所交易系统进行网络投票的时间为：2025 年 11 月 28 日 9：15-9：25,9：30-11：30 和 13：00-15：00。 （2）通过深圳证券交易所互联网投票系统投票的具体时间为： 2025 年 11 月 28 日 9：15 至 15：00 期间的任意时间。 1 （五）会议召开方式 1、现场方式：股东本人出席现场会议或者通过授权委托书委托 他人出席现场会议进行表决。 2、网络投票方式：公司将通过深圳证券 ...