Core Viewpoint - The financial performance of Jinbin Development (000897) for the first half of 2025 shows significant declines in revenue and profit, indicating severe challenges in the real estate market and operational efficiency [1] Financial Performance Summary - Total revenue for the first half of 2025 was 196 million yuan, a decrease of 85.64% compared to 1.362 billion yuan in the same period of 2024 [1] - Net profit attributable to shareholders was 2.1616 million yuan, down 99.35% from 33.2 million yuan in the previous year [1] - The gross profit margin decreased to 32.65%, down 6.19 percentage points year-on-year, while the net profit margin turned negative at -0.61%, a decline of 102.54% [1] - The total of selling, administrative, and financial expenses reached 31.9752 million yuan, accounting for 16.34% of total revenue, an increase of 659.88% year-on-year [1] Cash Flow and Asset Management - Cash and cash equivalents decreased by 41.79%, attributed to tax payments and land payments during the reporting period [2] - The net cash flow from operating activities saw a drastic decline of 444.8%, primarily due to increased land value tax payments [5] - The company’s inventory increased by 7.66%, reflecting an increase in land reserves [2] Debt and Financing - The company’s interest-bearing liabilities decreased by 22.22%, from 900,000 yuan to 700,000 yuan [1] - The net cash flow from financing activities surged by 804.63%, due to loans from minority shareholders of a subsidiary [6] - The net increase in cash and cash equivalents dropped significantly by 923.76%, again linked to increased tax payments [6] Historical Performance and Ratios - The company's return on invested capital (ROIC) was 16.82% last year, indicating strong capital returns, although the median ROIC over the past decade was only 7.94% [6] - The company has experienced five years of losses since its listing, suggesting a generally weak investment profile [6] - The current ratio of cash assets to current liabilities stands at 59.65%, indicating potential liquidity concerns [6]

Core Viewpoint - Tianjin Bin Development (000897.SZ) reported a significant decline in its half-year performance for 2025, with a notable drop in both revenue and net profit compared to the previous year [1] Financial Performance - The company achieved an operating revenue of 196 million yuan in the first half of 2025, representing a decrease of 85.64% year-on-year [1] - Real estate sales revenue accounted for 161 million yuan, contributing to the overall decline [1] - The net profit attributable to the parent company was 2.16 million yuan, down 99.35% from the same period last year [1] Reasons for Performance Change - The primary reason for the performance decline was the absence of new projects available for settlement during the reporting period [1] - The decrease in real estate sales settlements compared to the previous year also significantly impacted the financial results [1]

合并资产负债表 | 编制单位：天津津滨发展股份有限公司 | | 2025年6月30日 | 单位：人民币元 | | --- | --- | --- | --- | | 项 | 目 | 期末余额 | 期初余额 | | 流动资产： | | | | | 货币资金 | | 651,557,035.14 | 1,119,388,238.79 | | 交易性金融资产 | | | | | 衍生金融资产 | | | | | 应收票据 | | | | | 应收账款 | | 43,075,342.69 | 40,578,311.66 | | 应收款项融资 | | | | | 预付款项 | | 1,117,081.65 | 1,127,862.82 | | 其他应收款 | | 13,155,022.67 | 13,437,531.98 | | 其中：应收利息 | | | | | 应收股利 | | | | | 存货 | | 3,395,720,832.48 | 3,154,054,505.48 | | 其中：数据资源 | | | | | 合同资产 | | | | | 持有待售资产 | | | | | 一年内到期的非流动资产 | | | ...

天津津滨发展股份有限公司 2025 年半年度财务报告 天津津滨发展股份有限公司 2025 年半年度财务报告 1 天津津滨发展股份有限公司 2025 年半年度财务报告 一、审计报告 半年度报告是否经过审计 □是 否 公司半年度财务报告未经审计。 二、财务报表 财务附注中报表的单位为：元 1、合并资产负债表 编制单位：天津津滨发展股份有限公司 单位：元 | 项目 | 期末余额 | 期初余额 | | --- | --- | --- | | 流动资产： | | | | 货币资金 | 651,557,035.14 | 1,119,388,238.79 | | 结算备付金 | | | | 拆出资金 | | | | 交易性金融资产 | | | | 衍生金融资产 | | | | 应收票据 | | | | 应收账款 | 43,075,342.69 | 40,578,311.66 | | 应收款项融资 | | | | 预付款项 | 1,117,081.65 | 1,127,862.82 | | 应收保费 | | | | 应收分保账款 | | | | 应收分保合同准备金 | | | | 其他应收款 | 13,155,022.67 ...

上市公司2025年度上半年非经营性资金占用及其他关联资金往来情况汇总表 编制单位：天津津滨发展股份有限公司 单位：人民币万元 | 年 | 度 | 上 | 半 | 年 | 年 | 度 | 上 | 半 | 年 | 年 | 度 | 上 | 半 | 年 | 上 | 半 | 年 | 202 | 5 | 202 | 5 | 202 | 5 | 202 | 5 | 非 | 经 | 营 | 性 | 占 | 用 | 方 | 与 | 上 | 市 | 公 | 上 | 市 | 公 | 核 | 算 | 的 | 会 | 年 | 期 | 初 | 占 | 司 | 司 | 202 | 5 | 资 | 金 | 占 | 用 | 方 | 名 | 称 | 占 | 用 | 累 | 计 | 发 | 生 | 金 | 占 | 用 | 资 | 金 | 的 | 利 | 息 | 年 | 偿 | 还 | 累 | 计 | 发 | 期 | 末 | 占 | 用 | 资 | 金 | 占 | 用 | 成 | 原 | 因 | 占 | 用 | 性 | 质 | 形 | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- ...

证券简称：津滨发展 证券代码：000897 编号：2025-18 天津津滨发展股份有限公司 关于参加 2025 年度天津辖区上市公司 投资者网上集体接待日活动的公告 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。 为进一步加强与投资者的互动交流，天津津滨发展股份有限公司 （以下简称"公司"）将参加由天津证监局指导、天津上市公司协会与 深圳市全景网络有限公司联合举办的"2025 年天津辖区上市公司投资 者网上集体接待日活动"，现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演" 网站（http://rs.p5w.net）；或关注微信公众号（名称：全景财经）； 或下载全景路演 APP，参与本次互动交流。活动时间为 2025 年 9 月 11 日（周四）15:00-17:00。 届时公司常务副总经理兼董事会秘书于志丹先生、副总经理郝波先 生、李军先生以及相关工作人员（如有特殊情况，出席人员会有调整） 将在线就公司 2025 半年度业绩、公司治理、发展战略、经营状况等投 资者关心的问题，与投资者进行沟通与交流，欢迎广大投资者踊跃参与！ 特 ...

Financial Performance - The company reported a revenue of CNY 195.69 million for the first half of 2025, a decrease of 85.64% compared to CNY 1.36 billion in the same period last year[19]. - The net profit attributable to shareholders was CNY 2.16 million, down 99.35% from CNY 331.84 million year-on-year[19]. - Basic and diluted earnings per share fell to CNY 0.0013, a decrease of 99.37% from CNY 0.2052 in the previous year[19]. - The company's operating revenue for the current reporting period was ¥195,688,577, a decrease of 85.64% compared to ¥1,362,448,859 in the same period last year[50]. - The operating cost for the current period was ¥131,797,047, reflecting an 85.16% decrease from ¥888,244,910 in the previous year[50]. - The company reported a net cash flow from financing activities of ¥124,760,022, an increase of 804.63% from -¥17,705,802 in the previous year, mainly due to borrowings from minority shareholders[50]. - The company reported a net cash flow from operating activities of -¥679,215,462, a significant decline of 444.80% compared to -¥124,671,982 in the previous year, primarily due to increased land value-added tax payments[50]. - The company’s investment income for the period was ¥7,938,876, accounting for 67.01% of total profit, indicating some sustainability in this revenue stream[55]. Cash Flow and Liquidity - The company experienced a significant decline in cash flow from operating activities, reporting a net cash outflow of CNY 679.22 million, which is a 444.80% increase in outflow compared to CNY 124.67 million last year[19]. - The company aims to enhance cash flow by accelerating sales collection and activating regulatory fund efficiency, addressing significant funding pressure in the second half of the year[39]. - The company has provided a total guarantee of approximately 160 million RMB for customers' mortgage loans, with no defaults reported during the reporting period[46]. - The company plans to strengthen cash management and accelerate project launches to alleviate current liquidity pressures[70]. - The ending cash and cash equivalents balance for the first half of 2025 was 618,927,951.77 yuan, down from 1,176,630,759.54 yuan at the end of the first half of 2024, a decrease of approximately 47.4%[138]. Real Estate Development - The company focused on real estate development, particularly in key areas such as Tianjin and Fujian, with major projects including the Meijiang project and the Jinhuai Hongshu Bay project[26]. - The decline in performance was primarily due to the absence of new projects available for settlement and a decrease in real estate sales revenue, which amounted to CNY 161 million[26]. - The company emphasizes a strategy of focusing on high-quality locations and properties to build resilience in its product offerings[26]. - The company successfully launched the first phase of high-end row houses in the Meijiang H1 project, achieving sales expectations as planned[27]. - The company is focusing on optimizing existing policies to stimulate demand and stabilize the real estate market[27]. - The company is actively pushing for the sale of remaining units in the Meijiang H2 and H3 projects[27]. - The company has completed planning and bidding for the Binhai Taida residential project, aligning with housing policy requirements[27]. Land Acquisition and Reserves - The company acquired the Tianhe Mountain (Hanging) 2025-05 land parcel in Tianjin for a total price of CNY 29.6 million, with a 51% equity stake[28][29]. - The total land reserve area is 9.23 million square meters, with a total construction area of 13.64 million square meters and remaining developable area of 13.64 million square meters[30]. - The company is committed to expanding land resource reserves, focusing on core urban areas to secure development opportunities[45]. - The company is actively seeking land through joint bidding and cooperative development to expand its land reserves[70]. Shareholder and Equity Information - No cash dividends or stock bonuses will be distributed to shareholders for this period[5]. - The company has not planned to distribute cash dividends or issue bonus shares for the semi-annual period[77]. - The company reported a profit distribution of 153.6 million yuan to shareholders, with a per-share distribution of 2.23 yuan[151]. - The company’s major shareholder, Tianjin TEDA Construction Group, holds 42.68% of the total equity after acquiring an additional 5.08% from the second largest shareholder[158]. Market Outlook and Strategy - In 2025, the Tianjin real estate market is expected to face challenges due to slow economic recovery and stagnant resident income growth[71]. - The company plans to launch new projects, including the Binhe and Tai Da projects, with the goal of achieving sales readiness within the year[38]. - The company aims to enhance product quality and diversify its offerings to meet various customer needs, including affordable housing and senior living[72]. - The company plans to focus on the construction of ongoing projects, including the Mei Jiang project, which will progress steadily in outdoor landscape construction and inventory optimization[34]. Internal Control and Risk Management - The company emphasizes the importance of internal control and risk management, aiming to enhance the effectiveness of its internal control system[43]. - The company has not experienced any major litigation or arbitration matters during the reporting period[86]. - The company has not implemented any employee stock ownership plans or other incentive measures during the reporting period[78]. Financial Position and Assets - Total assets at the end of the reporting period were CNY 4.64 billion, down 5.57% from CNY 4.91 billion at the end of the previous year[19]. - The company's total current assets at the end of the reporting period amounted to CNY 4,340,095,998.25, a slight decrease from CNY 4,412,163,135.48 at the beginning of the period[122]. - The company's inventory increased to 609.51 million yuan, reflecting a 73.23% increase due to land reserve acquisitions[61]. - The company's long-term equity investments decreased to 168.83 million yuan, a decline of 1.27% from the previous period[60]. Compliance and Governance - The company continues to operate under the regulations of the People's Republic of China Company Law, ensuring compliance and governance[155]. - The financial report for the half-year period was not audited[121]. - The company’s financial statements comply with the requirements of the Accounting Standards for Business Enterprises and reflect the financial position as of June 30, 2025[166].

Group 1 - Senyuan Electric signed a strategic cooperation agreement with Xuchang Digital Supply Chain Management Co., aiming for annual business cooperation not exceeding 500 million yuan over 36 months [1] - CICC's subsidiary, CICC Wealth, reported a net profit of 987 million yuan for the first half of the year, with total assets of 193.37 billion yuan [2] - Shuangjie Electric expects a net profit of 100 million to 120 million yuan for the first half of the year, representing a year-on-year increase of 16.03% to 39.23% [3][4] - Shentong Technology reported a net profit of 64.28 million yuan for the first half of the year, a year-on-year increase of 111.09% [5] - Suqian Nongfa's net profit for the first half of the year decreased by 27.72% to 213 million yuan [6] Group 2 - Fuan Pharmaceutical expects a net profit decline of 39.95% to 53.81% for the first half of the year, estimating between 100 million to 130 million yuan [8] - Xingwang Yuda anticipates a net loss of 11 million to 21 million yuan for the first half of the year [9] - Pulaike received a new veterinary drug registration certificate for a vaccine aimed at preventing chicken diseases [10] - Yuandong Biological's ephedrine injection received a drug registration certificate for treating low blood pressure during anesthesia [11] - Suqian Liansheng's subsidiary obtained two invention patent certificates [12] Group 3 - Oke Technology signed a 176 million yuan equipment order with Jiangxi Tianhong New Materials [13] - Publishing Media announced the resignation of its chief accountant due to work changes [15] - Zhongxin Co. plans to use 40 million yuan of idle funds for cash management [16] - Huiyun Titanium plans to use up to 58 million yuan of idle convertible bond funds for cash management [18] - Haineng Technology intends to apply for a credit facility of up to 200 million yuan from a bank [20] Group 4 - Jiabiou expects a net profit increase of 57.61% for the first half of the year, estimating around 107 million yuan [21] - Nanjing Gaoke reported a 1185% year-on-year increase in contract sales area for the second quarter [22] - Shuguang Co. received approval for a specific stock issuance application [23] - Huadong Pharmaceutical's subsidiary received approval for a clinical trial of a new drug targeting advanced solid tumors [23] - Quicheng Co. plans to invest 900 million yuan in two new projects [25] Group 5 - Shenlian Biological's vaccine for avian adenovirus received a new veterinary drug registration certificate [26] - Rike Chemical signed a strategic cooperation framework agreement with Dongming Petrochemical [28] - Jincheng Pharmaceutical's subsidiary received a renewed tobacco production license [29] - Magmi Te's stock issuance application was accepted by the Shenzhen Stock Exchange [29] - Zhongyin Securities received approval to issue bonds totaling up to 14 billion yuan [29] Group 6 - Hewei Electric's executives plan to reduce their holdings by a total of 2.24% of the company's shares [44] - Guo Wang Xintong reported a net profit of 266 million yuan for the first half of the year, a decrease of 10.82% [45] - Guo Wang Xintong's subsidiary won a 966 million yuan tender from the State Grid [46] - Jicheng Electronics won contracts worth approximately 83.79 million yuan from the State Grid [48] - Helen Piano is planning a change of control, leading to a temporary stock suspension [48]

Core Viewpoint - Tianjin Jinbin Development Co., Ltd. has announced its profit distribution plan for the fiscal year 2024, which includes a cash dividend of RMB 0.95 per 10 shares, totaling approximately RMB 153.64 million, with no stock dividends or capital reserve transfers planned [2][3]. Summary by Sections Profit Distribution Plan - The profit distribution plan was approved at the annual shareholders' meeting held on May 29, 2025, based on a total share capital of 1,617,272,234 shares as of December 31, 2024 [2]. - A cash dividend of RMB 0.95 per 10 shares will be distributed, amounting to a total of RMB 153,640,862.23, with the remaining profit retained as undistributed profit [3]. Dividend Implementation Details - The distribution will not change even if the company's share capital changes between the announcement and the implementation of the distribution plan [3]. - The implementation of the distribution plan will occur within two months of the shareholders' meeting approval [3]. Taxation and Dividend Distribution Method - For Hong Kong market investors and certain foreign institutions, the cash dividend will be RMB 0.855 per 10 shares after tax [3]. - Different tax rates will apply to individual shareholders based on their holding periods, with specific tax amounts outlined for different durations [4]. Shareholder Registration and Payment - The record date for the dividend distribution is set for July 25, 2025, and the ex-dividend date will follow [5]. - Cash dividends will be directly credited to shareholders' accounts through their custodial securities companies on July 28, 2025 [5].

证券简称：津滨发展 证券代码：000897 编号：2025-15 天津津滨发展股份有限公司 2024 年年度权益分派实施公告 一、股东大会审议通过利润分配及资本公积金转增股本方案等情 况： （一）公司 2024 年度股东大会审议通过的利润分配方案具体为： 以 2024 年 12 月 31 日的公司总股本 1,617,272,234 股为基数，向全 体股东每 10 股派发现金股利人民币 0.95 元（含税），共计派发现金 人民币 153,640,862.23 元（含税），剩余利润作为未分配利润留存； 本年度不送红股，不以公积金转增股本。若公司股本在分配预案披露 后至分配方案实施前，公司股本发生变动的，公司维持分配总额不变， 相应调整每股分配金额。 （二）自分配预案披露至分配方案实施期间，公司股本总额未发 生变化。 （三）本次实施的分配方案与股东大会审议通过的分配方案一致。 （四）本次权益分派实施距离股东大会审议通过的时间未超过两 个月。 二、权益分派方案 公 司 2024 年年度权益分派方案为：以公司现有总股本 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。 天 ...