Core Viewpoint - Tianjin Bin Development (000897.SZ) has acquired a land parcel through a joint bidding process to enhance its project reserves, indicating a strategic move to expand its real estate portfolio [1] Group 1: Land Acquisition Details - The land parcel, designated as Jin Dong Cheng (Gua) 2025-27, is located at the intersection of Yinsuo Road and Jinsuo North Road in the Hedong District [1] - The total area of the land is 23,178.5 square meters, with a planned construction area of 27,814 square meters and a maximum floor area ratio of 1.2 [1] - The land was acquired for a total price of 47.4 million yuan, which falls within the authorized land reserve budget approved by the shareholders' meeting [1] Group 2: Development Partnership - The joint bidding partner is Tianjin Jiahe Urban Operation Management Co., Ltd., which is not an affiliate of the company [1] - The company plans to establish a project subsidiary, controlled by its wholly-owned subsidiary, to develop the acquired land [1] - The company may provide shareholder loans or financing guarantees to the project subsidiary based on project funding needs, under conditions equal to those of the partner [1]

Core Viewpoint - The company announced the acquisition of a land parcel for residential and commercial development at a price of 474 million yuan, indicating strategic expansion in the real estate sector [1] Group 1: Acquisition Details - The full subsidiary of the company, Taihong, in collaboration with Tianjin Jiahe Urban Operation Management Co., Ltd., successfully acquired the land parcel located in the Hedong District [1] - The total area of the land is 23,178.5 square meters, with a planned construction area of 27,814 square meters [1] - The acquisition price for the land parcel is set at 474 million yuan [1] Group 2: Future Development Plans - Following the acquisition, Taihong will establish a project subsidiary in which it will hold a controlling stake to develop the land [1] - The company may provide shareholder loans or financing guarantees depending on the situation [1]

Summary of Key Points Core Viewpoint - The company has provided a guarantee for its wholly-owned indirect subsidiary, Tianjin Binhai Taida Real Estate Development Co., Ltd., for a loan of up to RMB 60 million to support the development of a real estate project, with a total loan term of 60 months [1][5]. Group 1: Guarantee Overview - The subsidiary has applied for a comprehensive credit line of up to RMB 60 million from the Industrial and Commercial Bank of China, with the first disbursement being RMB 25 million [1]. - The guarantee has been approved by the company's board and shareholders, with the total authorized guarantee amount being RMB 60 million, leaving no remaining guarantee capacity [1][5]. Group 2: Financial Status of the Subsidiary - As of December 31, 2024, the subsidiary reported total assets of RMB 726.57 million, total liabilities of RMB 698.54 million, and a net asset value of RMB 28.03 million, with a net loss of RMB 1.97 million for the year [3]. - By September 30, 2025, the subsidiary's total assets increased to RMB 747.91 million, total liabilities to RMB 721.99 million, and net assets decreased to RMB 25.91 million, with a net loss of RMB 2.61 million for the third quarter [4]. Group 3: Guarantee Agreement Details - The total guarantee amount is RMB 60 million, with a credit term of 60 months, provided by the Industrial and Commercial Bank of China [5]. - The guarantee is structured as a joint liability guarantee, and no counter-guarantee is required from the subsidiary due to its status as a wholly-owned indirect subsidiary [5]. Group 4: Company’s Board Opinion - The board views the loan application as a routine operational need for the real estate development project, and the company maintains effective control over the subsidiary's financial and operational activities [5]. - The total authorized guarantee amount for the subsidiary after this guarantee is RMB 3.8 billion, which is 118.46% of the company's latest audited net assets [6].

Group 1 - The company, Tianbin Development, announced a total guarantee authorization amount of 3.8 billion yuan for its subsidiaries, which accounts for 118.46% of the company's latest audited net assets [1] - The total guarantee amount for the controlling subsidiaries is 1.9 billion yuan, representing 59.23% of the company's latest audited net assets, with an actual guarantee balance of approximately 275 million yuan, or 8.57% of the latest audited net assets [1] - As of the report date, the market capitalization of Tianbin Development is 4 billion yuan [1] Group 2 - For the first half of 2025, the revenue composition of Tianbin Development is as follows: real estate sales account for 82.42%, property management for 15.37%, rental income for 1.65%, and other businesses for 0.56% [1]

证券代码：000897 证券简称：津滨发展 公告编号：2025-21 天津津滨发展股份有限公司 为全资子公司融资提供担保的公告 本公司及全体董事会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、担保情况概述 1、我公司全资间接子公司天津滨和泰达房地产开发有限公司（以下简称"滨 和泰达公司"）向中国工商银行股份有限公司天津经济技术开发区分行申请总额 不超过人民币 60000 万元的综合授信，用于所属津滨（开）挂 2023-4 号地块(以 下简称滨和泰达项目)的开发建设，授信总期限为 60 个月，放款采用分期方式， 首次放款 25000 万元。该笔借款由滨和泰达公司以其持有的该地块土地使用权提 供抵押，同时由天津津滨发展股份有限公司（以下简称"公司"、"我公司"或 "津滨发展"）为该笔借款提供连带保证责任。 2、本次担保的授权已经本公司第八届董事会 2025 年第一次会议和 2024 年 度股东大会审议通过。 二、本次担保授权额度及额度使用情况 1、经第八届董事会 2025 年第一次会议和 2024 年度股东大会审议通过，公 司为滨和泰达公司提供担保的授权额度为 60000 万 ...

11月18日，津滨发展跌5.02%，截至发稿，报2.46元/股，成交9058.57万元，换手率2.23%，总市值39.78 亿元。 资料显示，天津津滨发展股份有限公司位于天津市南开区苍穹道15号，成立日期1998年12月31日，上市 日期1999年4月22日，公司主营业务涉及房地产开发经营及贸易。主营业务收入构成为：房地产销售 82.42%，物业管理15.37%，房屋租赁1.65%，其他0.56%。 从津滨发展十大流通股东角度 数据显示，南方基金旗下1只基金位居津滨发展十大流通股东。南方中证房地产ETF发起联接A （004642）三季度减持14.85万股，持有股数1633.82万股，占流通股的比例为1.01%。根据测算，今日 浮亏损失约212.4万元。 南方中证房地产ETF发起联接A（004642）基金经理为罗文杰。 截至发稿，罗文杰累计任职时间12年214天，现任基金资产总规模1704.45亿元，任职期间最佳基金回报 148.3%， 任职期间最差基金回报-47.6%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式 ...

Core Viewpoint - Tianjin Jinbin Development Co., Ltd. has experienced a stock price increase of 11.21% year-to-date, with significant recent gains, indicating positive market sentiment despite a substantial decline in revenue and profit [2]. Group 1: Stock Performance - As of November 13, the stock price rose by 2.02% to 2.53 CNY per share, with a trading volume of 79.1 million CNY and a turnover rate of 1.97%, resulting in a total market capitalization of 4.092 billion CNY [1]. - The stock has increased by 4.55% over the last five trading days, 10.48% over the last 20 days, and 2.43% over the last 60 days [2]. Group 2: Financial Performance - For the period from January to September 2025, the company reported a revenue of 307 million CNY, a year-on-year decrease of 81.42%, and a net profit attributable to shareholders of 18.2 million CNY, down 95.10% year-on-year [2]. - Cumulative cash dividends since the company's A-share listing amount to 484 million CNY, with 154 million CNY distributed over the past three years [3]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders decreased by 4.60% to 82,000, with an average of 19,733 circulating shares per shareholder, an increase of 4.82% [2]. - The fourth largest circulating shareholder is the Southern CSI Real Estate ETF, holding 16.34 million shares, which is a decrease of 148,500 shares compared to the previous period [3].

Market Overview - On November 12, the Tianjin state-owned enterprise reform sector declined by 0.36% compared to the previous trading day, with Baili Electric leading the decline [1] - The Shanghai Composite Index closed at 4000.14, down 0.07%, while the Shenzhen Component Index closed at 13240.62, down 0.36% [1] Stock Performance - Key stocks in the Tianjin state-owned enterprise reform sector showed mixed performance, with T-712 rising by 1.98% to close at 20.56, and Baili Electric falling by 3.54% to close at 7.08 [1][2] - The trading volume and turnover for T-712 were 302,000 shares and 636 million yuan, respectively [1] Capital Flow - The Tianjin state-owned enterprise reform sector experienced a net outflow of 102 million yuan from institutional investors, while retail investors saw a net inflow of 168 million yuan [2] - The capital flow data indicates that while institutional and speculative funds withdrew, retail investors were actively buying into the sector [2][3] Individual Stock Analysis - T-712 had a net inflow of 78.32 million yuan from institutional investors, while Baili Electric saw a significant outflow of 78.51 million yuan [3] - The stock of Tianjin Port closed at 4.89, down 0.41%, with a trading volume of 209,600 shares [2][3]

Group 1 - The real estate sector experienced a short-term surge on November 4, with China Wuyi hitting the daily limit up [1] - Guangda Jiabao previously reached the limit up, indicating strong market interest [1] - Other companies such as Hefei Urban Construction, Tianjin Binhai Development, and Zhujiang Co. also saw increases in their stock prices [1]

Core Insights - The Tianjin state-owned enterprise reform sector saw a slight increase of 0.2% on October 31, with Haitai Development leading the gains [1] - The Shanghai Composite Index closed at 3954.79, down 0.81%, while the Shenzhen Component Index closed at 13378.21, down 1.14% [1] Stock Performance Summary - Haitai Development (600082) closed at 4.72, up 6.07% with a trading volume of 399,300 shares and a turnover of 185 million yuan [1] - Guifaxiang (002820) closed at 12.80, up 3.90% with a trading volume of 137,100 shares and a turnover of 174 million yuan [1] - Tianbao Infrastructure (000965) closed at 4.38, up 2.10% with a trading volume of 861,500 shares and a turnover of 380 million yuan [1] - Other notable stocks include Jinmeng Technology (300334) at 7.50 (+1.90%), Bohai Chemical (600800) at 3.83 (+1.86%), and Jintou City Development (600322) at 2.51 (+1.21%) [1] Capital Flow Analysis - The Tianjin state-owned enterprise reform sector experienced a net inflow of 67.98 million yuan from institutional investors, while retail investors saw a net outflow of 84.03 million yuan [2][3] - The main capital inflow was observed in Tianbao Infrastructure (000965) with a net inflow of 49.38 million yuan, while Jin Kai New Energy (600821) faced a significant net outflow of 66.21 million yuan [3]