Core Viewpoint - The A-share market has seen a decline in real estate stocks, with several companies experiencing significant drops in their share prices [1] Group 1: Company Performance - Binjiang Group and China Wuyi both fell over 5% [1] - Caixin Development dropped nearly 5% [1] - I Love My Home, Sanxiang Impression, and Hefei Urban Construction all decreased by over 3% [1] - Huaxia Happiness, Jindi Group, Te Fa Service, China National Trade, China Merchants Shekou, New Town Holdings, and Vanke A all saw declines exceeding 2% [1]

Core Insights - The real estate development sector experienced a 1.0% increase on November 25, with Yingxin Development leading the gains [1] - The Shanghai Composite Index closed at 3870.02, up 0.87%, while the Shenzhen Component Index closed at 12777.31, up 1.53% [1] Real Estate Sector Performance - Yingxin Development (000620) closed at 3.25, with a rise of 10.17% and a trading volume of 2.3363 million shares, amounting to a transaction value of 749 million [1] - China Wuyi (000797) also saw a significant increase, closing at 3.69, up 10.15%, with a trading volume of 2.5207 million shares and a transaction value of 887 million [1] - Other notable performers included Wantong Development (600246) with a 6.76% increase, closing at 11.53, and Sanzhou Impression (000863) with a 6.37% increase, closing at 5.18 [1] Capital Flow Analysis - The real estate development sector saw a net inflow of 135 million from institutional investors, while retail investors experienced a net outflow of 4.9798 million [2] - Major stocks like Yingxin Development had a net inflow of 295 million from institutional investors, but a net outflow of 121 million from speculative funds [3] - China Wuyi had a net inflow of 102 million from institutional investors, while it faced a net outflow of 50.1 million from speculative funds [3]

Group 1 - The core point of the news is that Sanxiang Impression's stock price has dropped by 5.18%, currently trading at 4.94 CNY per share, with a total market capitalization of 5.833 billion CNY [1] - Sanxiang Impression Co., Ltd. is primarily engaged in real estate development and operation, with its revenue composition being 78.68% from real estate sales, 10.16% from cultural performances, 5.58% from property leasing, 4.68% from other sources, and 0.91% from construction [1] Group 2 - The Southern Fund's index real estate ETF has reduced its holdings in Sanxiang Impression by 87,800 shares, now holding 8.9511 million shares, which represents 0.77% of the circulating shares [2] - The Southern Index Real Estate ETF has a current scale of 202 million CNY, with a year-to-date return of 8.02% and a one-year loss of 2.51% [2] Group 3 - The fund manager of the Southern Index Real Estate ETF, Luo Wenjie, has a total fund asset scale of 170.445 billion CNY, with the best fund return during his tenure being 148.26% and the worst being -47.6% [3]

Core Viewpoint - The stock of Sanxiang Impression has shown significant growth in recent months, with a notable increase in trading volume and market capitalization, despite a decline in revenue and net profit year-on-year [1][2]. Group 1: Stock Performance - As of November 19, Sanxiang Impression's stock price increased by 2.14% to 5.24 CNY per share, with a trading volume of 138 million CNY and a turnover rate of 2.30%, resulting in a total market capitalization of 6.187 billion CNY [1]. - The stock has risen by 35.05% year-to-date, with a 20.18% increase over the last five trading days, 38.26% over the last 20 days, and 48.02% over the last 60 days [1]. Group 2: Financial Performance - For the period from January to September 2025, Sanxiang Impression reported a revenue of 595 million CNY, representing a year-on-year decrease of 39.27%, and a net profit attributable to shareholders of 7.3734 million CNY, down 88.70% year-on-year [2]. - The company has cumulatively distributed 1.851 billion CNY in dividends since its A-share listing, with no dividends paid in the last three years [3]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Sanxiang Impression was 33,400, a decrease of 18.02% from the previous period, while the average number of tradable shares per person increased by 21.98% to 34,830 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the sixth largest with 9.753 million shares, marking its entry as a new shareholder [3].

11月18日，三湘印象盘中下跌2.17%，截至09:53，报4.97元/股，成交1.08亿元，换手率1.84%，总市值 58.68亿元。 资金流向方面，主力资金净流入113.76万元，特大单买入240.33万元，占比2.23%，卖出722.18万元，占 比6.69%；大单买入2601.68万元，占比24.11%，卖出2006.08万元，占比18.59%。 三湘印象今年以来股价涨28.09%，近5个交易日涨16.39%，近20日涨32.18%，近60日涨41.19%。 资料显示，三湘印象股份有限公司位于上海市杨浦区逸仙路333号，成立日期1994年1月20日，上市日期 1997年9月25日，公司主营业务涉及房地产开发与经营;旅游文化演艺类业务。主营业务收入构成为：房 地产销售78.68%，文化演艺10.16%，房屋租赁5.58%，其他4.68%，建筑施工0.91%。 三湘印象所属申万行业为：房地产-房地产开发-住宅开发。所属概念板块包括：旅游酒店、在线旅游、 低价、小盘、BIPV概念等。 截至9月30日，三湘印象股东户数3.34万，较上期减少18.02%；人均流通股34830股，较上期增加 21.98%。202 ...

Core Points - The stock price of Sanxiang Impression increased by 6.03% on November 17, reaching 5.10 CNY per share, with a trading volume of 247 million CNY and a turnover rate of 4.36%, resulting in a total market capitalization of 6.022 billion CNY [1] - Sanxiang Impression's stock has risen for four consecutive days, with a cumulative increase of 13.18% during this period [1] Company Overview - Sanxiang Impression Co., Ltd. is located at 333 Yixian Road, Yangpu District, Shanghai, established on January 20, 1994, and listed on September 25, 1997 [1] - The company's main business involves real estate development and operation, as well as tourism and cultural performance [1] - Revenue composition: Real estate sales account for 78.68%, cultural performances 10.16%, property leasing 5.58%, others 4.68%, and construction 0.91% [1] Shareholder Information - Among the top ten circulating shareholders of Sanxiang Impression, a fund under Southern Fund holds a position [2] - The Southern CSI Real Estate ETF Initiated Link A (004642) reduced its holdings by 87,800 shares in the third quarter, now holding 8.9511 million shares, representing 0.77% of circulating shares [2] - The fund has generated a floating profit of approximately 2.5958 million CNY today and 5.0126 million CNY during the four-day increase [2] Fund Performance - The Southern CSI Real Estate ETF Initiated Link A (004642) was established on August 24, 2017, with a current size of 202 million CNY [2] - Year-to-date return is 10.62%, ranking 3645 out of 4216 in its category; the one-year return shows a loss of 1.38%, ranking 3803 out of 3956; since inception, it has a loss of 38.35% [2] - The fund manager, Luo Wenjie, has a tenure of 12 years and 213 days, with total fund assets of 170.445 billion CNY [2]

登录新浪财经APP 搜索【信披】查看更多考评等级 本公司及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。 特别提示： 1、本次股东会不存在否决提案的情形； 2、本次股东会不涉及变更以往股东会已通过的决议。 一、会议召开和出席情况 （一）会议召开情况 1、召开方式：本次股东会采用现场表决与网络投票相结合的方式召开； 2、会议召开时间： （1）会议时间： 2025年11月14日14:00； （2）网络投票时间：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14日9:15一 9:25,9:30一11:30和13:00一15:00；通过互联网投票系统投票时间为2025年11月14日9:15-15:00； 3、现场会议召开地点：上海市杨浦区逸仙路333号湘海大厦12楼会议室； 4、会议召集人：三湘印象股份有限公司（以下简称"公司"）第八届董事会； 5、会议主持人：董事长许文智先生； 6、本次会议的召开符合有关法律、行政法规、部门规章、规范性文件和《公司章程》的规定。 （二）会议出席情况 1、股东出席的总体情况 通过现场和网络投票的股东194人，代表股份566,5 ...

中国上海石门一路 288 号兴业太古汇香港兴业中心一座 26 层 邮编：200041 电话：（86-21）5298 5488 传真：（86-21）5298 5492 junhesh@junhe.com 关于三湘印象股份有限公司 2025 年第二次临时股东会的法律意见书 致：三湘印象股份有限公司 君合律师事务所上海分所（以下简称"本所"）接受三湘印象股份有限公司（以 下简称"公司"）的委托，根据《中华人民共和国公司法》（以下简称"《公司法》"）、 《中华人民共和国证券法》（以下简称"《证券法》"）、《上市公司股东会规则》（以 下简称"《股东会规则》"）等法律、法规、规范性文件（以下简称"法律、法规"） 及《三湘印象股份有限公司章程》（以下简称"《公司章程》"）的有关规定，按照 律师行业公认的业务标准、道德规范和勤勉尽责精神，就公司 2025 年第二次临时 股东会（以下简称"本次股东会"）有关事宜出具本法律意见书。 为出具本法律意见书之目的，本所委派律师（以下简称"本所律师"）对公司 提供的与本次股东会有关的文件和事实进行了核查和验证。在本所律师对公司提 供的有关文件进行核查和验证的过程中，本所假设： 1. 提供 ...

2025 年第二次临时股东会决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 特别提示： 证券代码：000863 证券简称：三湘印象 公告编号：2025-046 三湘印象股份有限公司 1、本次股东会不存在否决提案的情形； 2、本次股东会不涉及变更以往股东会已通过的决议。 一、会议召开和出席情况 （一）会议召开情况 1、召开方式：本次股东会采用现场表决与网络投票相结合的方式召开； 2、会议召开时间： （1）会议时间： 2025年11月14日14:00； （2）网络投票时间：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14日9:15—9:25,9:30—11:30和13:00—15:00；通过互联网投票系统投票时间为 2025年11月14日9:15-15:00； 3、现场会议召开地点：上海市杨浦区逸仙路333号湘海大厦12楼会议室； 4、会议召集人：三湘印象股份有限公司（以下简称"公司"）第八届董事会； 2、中小股东出席的总体情况 通过现场和网络投票的中小股东187人，代表股份12,619,600股，占公司有表决 权股份总数的1.068 ...

资料显示，三湘印象股份有限公司位于上海市杨浦区逸仙路333号，成立日期1994年1月20日，上市日期 1997年9月25日，公司主营业务涉及房地产开发与经营;旅游文化演艺类业务。主营业务收入构成为：房 地产销售78.68%，文化演艺10.16%，房屋租赁5.58%，其他4.68%，建筑施工0.91%。 三湘印象所属申万行业为：房地产-房地产开发-住宅开发。所属概念板块包括：旅游酒店、在线旅游、 小盘、低价、BIPV概念等。 截至9月30日，三湘印象股东户数3.34万，较上期减少18.02%；人均流通股34830股，较上期增加 21.98%。2025年1月-9月，三湘印象实现营业收入5.95亿元，同比减少39.27%；归母净利润737.34万元， 同比减少88.70%。 11月14日，三湘印象盘中上涨2.08%，截至09:35，报4.90元/股，成交1.47亿元，换手率2.58%，总市值 57.85亿元。 资金流向方面，主力资金净流入423.19万元，特大单买入328.15万元，占比2.24%，卖出865.05万元，占 比5.90%；大单买入4522.13万元，占比30.86%，卖出3562.05万元，占比24 ...