Core Viewpoint - Real estate stocks experienced a collective surge, driven by favorable news regarding the reduction of housing loan interest rates by the People's Bank of China [1] Group 1: Market Reaction - Several real estate stocks, including Tianbao Infrastructure, Yudai Development, Huali Family, Sanxiang Impression, and Xinhua United, reached their daily limit up [1] - Other stocks such as Fuxing Shares, Everbright Jiabao, Greenland Holdings, and Urban Investment Holdings saw increases exceeding 5% [1] Group 2: Policy Changes - The People's Bank of China announced a reduction in the personal housing provident fund loan interest rate by 0.25 percentage points [1] - The interest rate for first-time homebuyers on loans with a term of five years or more decreased from 2.85% to 2.6%, with similar adjustments for other loan terms [1]

证券代码：000965 证券简称：天保基建 公告编号：2025-23 （一）会议召开情况 1、召开时间 特别提示： 1、本次股东大会未出现否决提案的情形。 2、本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 天津天保基建股份有限公司 2024年年度股东大会决议公告 （1）现场会议时间：2025年4月29日（星期二）下午2:00 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。 5、主持人：董事长侯海兴 6、会议的召集、召开符合《公司法》、《上市公司股东大会 规则》、《深圳证券交易所股票上市规则》及《公司章程》等有关 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469人，代表股份574,095,636股， 占公司有表决权股份总数的51.7282％。 2、召开地点：天津空港经济区西五道35号汇津广场一号楼公 司七楼会议室 3、召开方式：采取现场投票与网络投票相结合的方式 4、召集人：公司董事会 （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4月29日上午9:15至9:25，9: ...

天津天保基建股份有限公司（以下简称"公司"）股票（证券 代码：000965）于 2025 年 4 月 25 日、2025 年 4 月 28 日、2025 年 4月 29日连续 3个交易日收盘价格跌幅偏离值累计超过 20%， 根据《深圳证券交易所交易规则》，属于股票交易异常波动的情 况。 二、公司关注、核实情况 针对公司股票异常波动,公司董事会对有关事项进行了必要 核实，现对有关核实情况说明如下： 1、截至本公告日，公司前期披露的信息未发现需要更正、 补充之处。 2、近期公共传媒未有报道可能或已经对本公司股票交易价 格产生较大影响的未公开重大信息。 证券代码：000965 证券简称：天保基建 公告编号：2025-24 天津天保基建股份有限公司 股票交易异常波动公告 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。 一、股票交易异常波动的情况介绍 化。 4、公司、控股股东及实际控制人不存在关于本公司的应披 露而未披露的重大事项，也不存在处于筹划阶段的重大事项。 5、本公司股票异常波动期间控股股东、实际控制人未发生 买卖本公司股票的情形。 三、是否存在应披露而未披露信 ...

天津森宇律师事务所 关于天津天保基建股份有限公司 2024 年年度股东大会的 法律意见书 致：天津天保基建股份有限公司 一、关于本次股东大会的召集、召开的程序 2025 年 3 月 27 日，公司第九届董事会第二十三次会议决议召开 2024 年年 - 1 - 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》等有关法律、行政法规、规范性文件以及《天津天保基建股份有 限公司章程》（以下简称"《公司章程》"）的规定，天津森宇律师事务所接受 天津天保基建股份有限公司（以下简称"公司"）的委托，指派本所周宇律师、 付玉静律师出席公司 2024 年年度股东大会（以下简称"本次股东大会"），并 出具本法律意见书。 为出具本法律意见书，本所律师审查了《公司章程》、公司董事会为召开本 次股东大会所做的董事会决议、公告文件、出席本次股东大会股东或股东委托代 理人的登记证明等相关必要的文件和资料。同时，本所已得到公司的书面确认， 即公司提供给本所律师的所有文件及相关资料均是真实、完整、有效的，无任何 隐瞒、遗漏和虚假之处。 本所及本所律师保证本法律意见书所认定的事实真实、准确、完整，所发表 的结论 ...

Market Performance - The Tianjin Free Trade Zone concept index declined by 3.22%, ranking among the top declines in concept sectors as of April 28 [1] - Within the sector, Tianbao Infrastructure hit the daily limit down, while other notable decliners included Jintou City Development and Tianjin Printers [1] - Only two stocks within the sector saw price increases, with Youfa Group rising by 2.78% and Tianjin Port by 0.22% [1] Capital Flow - The Tianjin Free Trade Zone concept experienced a net outflow of 78 million yuan from main funds, with nine stocks seeing net outflows [1] - The stock with the highest net outflow was Bohai Chemical, with a net outflow of 17.03 million yuan, followed by Ruipu Biology and HNA Technology with outflows of 16.13 million yuan and 14.13 million yuan respectively [1] - Conversely, the stocks with the highest net inflows included Guifaxiang, Jiuan Medical, and Youfa Group, with inflows of 3.25 million yuan, 2.40 million yuan, and 1.13 million yuan respectively [1][2] Stock Performance - The top decliners in the Tianjin Free Trade Zone concept included Bohai Chemical (-4.82%), Ruipu Biology (-1.30%), and HNA Technology (-3.73%) [1] - Notable gainers included Youfa Group (+2.78%) and Tianjin Port (+0.22%) [1] - The trading volume for Bohai Chemical was 6.29%, indicating significant trading activity despite the decline [1]

Group 1: Economic Indicators - In the first quarter, the total profit of industrial enterprises above designated size reached 150.936 billion yuan, a year-on-year increase of 0.8% [4] - The Ministry of Commerce and six other departments announced an optimization of the departure tax refund policy, raising the cash refund limit to 20,000 yuan [4][6] Group 2: Company Earnings - Gujing Gongjiu reported a net profit of 5.517 billion yuan for 2024, a year-on-year increase of 20.22%, and proposed a dividend of 50 yuan per 10 shares [8] - Gree Electric reported a net profit of 32.185 billion yuan for 2024, a year-on-year increase of 10.91%, and proposed a dividend of 20 yuan per 10 shares [8] - Luzhou Laojiao reported a net profit of 13.473 billion yuan for 2024, a year-on-year increase of 1.71%, and proposed a dividend of 45.92 yuan per 10 shares [8] - Yake Technology reported a net profit of 872 million yuan for 2024, a year-on-year increase of 50.41%, and proposed a dividend of 2.6 yuan per 10 shares [8] - Yunda Holdings reported a net profit of 1.914 billion yuan for 2024, a year-on-year increase of 17.77%, and proposed a dividend of 2 yuan per 10 shares [8] Group 3: Significant Corporate Announcements - National City Mining reported a net profit of 612 million yuan for the first quarter of 2025, a year-on-year increase of 18,279.65%, primarily due to increased investment income from the sale of subsidiaries [9] - Zhenghe Ecology signed a strategic cooperation agreement with Yanshan (Hebei) Cultural Tourism Development Group, planning a total investment of 2 billion yuan for a tourism integration project [9] - New Life Fortune announced plans to issue shares and pay cash to acquire 100% of Guangzhou Jinnan Magnetic Materials, which is expected to constitute a major asset restructuring [9] - Chengdi Xiangjiang announced that its subsidiary won a bid for a project with a contract value of 1.632 billion yuan, with a construction period of 92 days [10]

Group 1: Annual Reports - Gujinggong Liquor (000596) reported 2024 revenue of 23.578 billion yuan, a year-on-year increase of 16.41%, and a net profit of 5.517 billion yuan, up 20.22% [1] - Luzhou Laojiao (000568) achieved 2024 revenue of 31.196 billion yuan, a 3.19% increase, and a net profit of 13.473 billion yuan, up 1.71% [1] - Gree Electric (000651) reported 2024 revenue of 189.164 billion yuan, a decrease of 7.26%, while net profit increased by 10.91% to 32.185 billion yuan [2] Group 2: Quarterly Reports - Gujinggong Liquor (000596) reported Q1 2025 revenue of 9.146 billion yuan, a 10.38% increase, and net profit of 2.330 billion yuan, up 12.78% [1] - Luzhou Laojiao (000568) reported Q1 2025 net profit of 4.593 billion yuan, a 0.41% increase [1] - Gree Electric (000651) reported Q1 2025 revenue of 41.507 billion yuan, a 14.14% increase, and net profit of 5.904 billion yuan, up 26.29% [2] Group 3: Significant Growth in Q1 Reports - Guocheng Mining (000688) reported Q1 2025 revenue of 0.053 billion yuan, a 77.25% increase, and net profit of 0.0612 billion yuan, up 18279.65% [3] - Taigang Stainless Steel (000825) reported Q1 2025 revenue of 23.31 billion yuan, a decrease of 4.71%, but net profit surged by 5506.92% to 0.0188 billion yuan [3] - Shenshen Real Estate (000029) reported Q1 2025 revenue of 0.033 billion yuan, a 457.38% increase, and net profit of 0.0724 billion yuan, up 3718.51% [3] - Qingda Environmental Protection (688501) reported Q1 2025 revenue of 0.0619 billion yuan, a 317.43% increase, and net profit of 0.0687 billion yuan, up 990.26% [3] - Tianbao Infrastructure (000965) reported Q1 2025 revenue of 0.0169 billion yuan, a decrease of 34.62%, but net profit increased by 737.29% to 0.01 billion yuan [3] Group 4: Other Notable Q1 Reports - Taihe Intelligent (603656) reported Q1 2025 revenue of 0.0105 billion yuan, a 10.19% increase, and net profit of 0.0002097 billion yuan, up 716.41% [4] - Meige Intelligent (002881) reported Q1 2025 revenue of 0.0997 billion yuan, a 73.57% increase, and net profit of 0.00463041 billion yuan, up 616.02% [4] - Shengda Biotechnology (603079) reported Q1 2025 revenue of 0.0203 billion yuan, a 9.95% increase, and net profit of 0.00217095 billion yuan, up 469.35% [4] - Jincai Internet (002530) reported Q1 2025 revenue of 0.0206 billion yuan, a decrease of 33%, but net profit increased by 466.95% to 0.00136473 billion yuan [4] - XinSai Co. (600540) reported Q1 2025 revenue of 1.215 billion yuan, a 312.03% increase, and net profit of 0.0181907 billion yuan, up 315.74% [5]

Financial Performance - The company's operating revenue for Q1 2025 was ¥169,488,744.09, a decrease of 34.62% compared to ¥259,222,138.84 in the same period last year[4] - Net profit attributable to shareholders was ¥100,353,456.65, representing a significant increase of 737.29% from ¥11,985,553.70 year-on-year[4] - Basic earnings per share rose to ¥0.0904, up 737.04% from ¥0.0108 in the same quarter last year[4] - The company reported a 451.81% increase in operating profit, reaching ¥78,431,959.41 compared to ¥14,213,522.25 in the previous year[7] - The total profit for the period was ¥78,471,928.75, up 452.04% from ¥14,214,952.47 year-on-year[7] - Net profit for the current period is ¥95,617,263.75, significantly up from ¥9,274,206.01 in the previous period, representing a growth of 931.5%[18] - Earnings per share (EPS) for the current period is ¥0.0904, compared to ¥0.0108 in the previous period, reflecting an increase of 738.9%[18] Cash Flow - The net cash flow from operating activities was -¥1,033,471,947.25, a decline of 524.68% compared to ¥243,352,954.78 in the previous year[7] - Cash inflow from operating activities totals ¥1,219,668,642.58, compared to ¥882,602,587.55 in the previous period[19] - Total cash outflow from operating activities amounted to 2,253,140,589.83, up from 639,249,632.77, reflecting increased operational expenses[20] - The net cash flow from investing activities was 37,845,473.32, a recovery from a negative cash flow of -2,944,491.00 in the previous period, suggesting improved investment returns[20] - Cash inflow from financing activities was 805,963,968.62, down from 872,815,650.19, indicating a decrease in financing activities[20] - The net cash flow from financing activities was 619,701,637.42, compared to 421,637,055.33 in the previous period, showing an increase in cash generated from financing[20] - The ending cash and cash equivalents balance was 904,937,328.82, down from 1,085,201,715.81, reflecting a decrease in liquidity[20] - The company paid 364,092,852.86 in taxes, significantly higher than 35,879,848.94 in the previous period, indicating increased tax obligations[20] - Cash paid to employees was 13,272,699.08, compared to 8,536,831.40 previously, reflecting higher payroll expenses[20] - The company reported a cash outflow of 186,262,331.20 from financing activities, down from 451,178,594.86, indicating reduced cash outflow for debt repayment and dividends[20] - The company’s cash flow from operating activities showed a substantial negative shift, highlighting potential challenges in maintaining operational efficiency[20] Assets and Liabilities - Total assets at the end of the reporting period increased by 6.73% to ¥15,638,090,363.70 from ¥14,651,468,814.28 at the end of the previous year[4] - The company's receivables increased by 48.22% to ¥47,265,607.75, primarily due to an increase in accounts receivable for pharmaceuticals[6] - The company’s contract liabilities rose by 55.99% to ¥2,363,545,046.03, mainly due to an increase in advance payments for housing[6] - Total liabilities amount to ¥8,972,953,791.84, up from ¥8,081,949,506.17 in the previous period, indicating a rise of 11.0%[14] - Total equity stands at ¥6,665,136,571.86, compared to ¥6,569,519,308.11 in the previous period, showing an increase of 1.5%[14] - Long-term borrowings increased to ¥2,073,285,050.97 from ¥1,583,223,692.05, marking a growth of 31.0%[14] Shareholder Information - The total number of common shareholders at the end of the reporting period is 48,280[9] - The largest shareholder, Tianjin Tianbao Holdings Co., Ltd., holds 51.45% of the shares, totaling 570,995,896 shares, with 236,198,000 shares pledged[9] Inventory and Costs - Total operating costs for the current period are ¥98,094,119.29, down 64.7% from ¥278,238,224.89 in the previous period[16] - Inventory rose significantly from 10,609,961,735.55 CNY to 11,829,748,663.56 CNY, an increase of approximately 11.5%[13] - Short-term borrowings increased from 60,212,500.00 CNY to 100,000,000.00 CNY, a rise of approximately 66.1%[13] - Contract liabilities surged from 1,515,189,837.17 CNY to 2,363,545,046.03 CNY, marking an increase of about 56%[13] - The total non-current assets decreased from 2,307,655,840.81 CNY to 2,283,503,923.07 CNY, a decline of approximately 1.0%[13] Tax and Expenses - The company reported a tax expense of -¥17,145,335.00 for the current period, contrasting with a tax expense of ¥4,940,746.46 in the previous period[17] - The company has not reported any significant changes in the top 10 shareholders' participation in margin trading or securities lending[10]

天保基建今日涨停，全天换手率30.21%，成交额17.12亿元，振幅15.52%。龙虎榜数据显示，机构净买 入1954.52万元，营业部席位合计净买入2080.53万元。 资金流向方面，今日该股主力资金净流入2.11亿元，其中，特大单净流入1.79亿元，大单资金净流入 3265.62万元。近5日主力资金净流出5718.50万元。 融资融券数据显示，该股最新（4月23日）两融余额为1.46亿元，其中，融资余额为1.46亿元，融券余额 为2.42万元。近5日融资余额合计增加681.16万元，增幅为4.90%，融券余额合计增加0.69万元，增幅 39.82%。（数据宝） 天保基建4月24日交易公开信息 | | 会员营业部名称 | 买入金额（万元） | 卖出金额（万元） | | --- | --- | --- | --- | | 买一 | 广发证券股份有限公司郑州农业路证券营业部 | 3412.65 | 19.03 | | | 国泰海通证券股份有限公司宜昌沿江大道证券营业部 | 3218.43 | 2.58 | | 买三 | 华林证券股份有限公司北京分公司 | 2742.91 | 19.37 | | 买四 | 开源证 ...

| 日期 | 当日涨跌幅（%） | 换手率（%） | 主力资金净流入（万元） | | --- | --- | --- | --- | | 2025.04.23 | -4.44 | 31.32 | -14796.92 | | 2025.04.22 | 9.98 | 19.92 | -11558.19 | | 2025.04.21 | 10.00 | 5.64 | -2552.70 | | 2025.04.18 | 9.92 | 14.06 | 2068.04 | | 2025.04.17 | 10.03 | 12.38 | 951.25 | | 2025.04.16 | 10.06 | 6.94 | 7936.09 | | 2025.04.15 | -2.84 | 4.29 | 159.45 | | 2025.04.14 | 0.63 | 6.07 | 186.70 | | 2025.04.11 | -9.48 | 11.34 | -2004.82 | | 2025.04.10 | 9.09 | 16.21 | -1272.88 | 3月29日公司发布的2024年年报数据显示，2024年公司共实现营业总收入25 ...