证券代码：002208 证券简称：合肥城建 公告编号：2026014 合肥城建发展股份有限公司 关于全资子公司签署解除协议的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏。 一、情况概述 合肥城建发展股份有限公司（以下简称"公司"）于 2023 年 12 月 30 日披露 了《关于全资子公司与庐江县城投置业有限公司签订代建合同的公告》（公告编 号：2023083），公司全资子公司安徽铂居智造科技有限公司（曾用名：合肥城建 琥珀置业有限公司，以下简称"铂居智造"）与庐江县城投置业有限公司（以下 简称"庐江城投"）签订了《房地产项目开发委托管理合同》，负责代建庐江县 LJ202241 号地块项目。 二、项目协议解除情况 近日，鉴于项目实施的政策环境发生变化，导致项目无法继续推进，经双方 友好协商，铂居智造与庐江城投签署了《解除协议》，原《房地产项目开发委托 管理合同》自《解除协议》签订之日起解除，不再继续履行。 三、解除协议对公司的影响 此次《解除协议》的签署系根据项目实施的政策环境发生变化后审慎考量， 且经各方协商一致的结果，预计对公司财务状况不构成重大影响， ...

Investment Rating - The report maintains a "Positive" investment rating for the real estate industry [6] Core Insights - The recent performance of the real estate sector has been weak, influenced by unmet policy expectations and underwhelming sales during the "small spring" season. The market is characterized by price-driven volume increases, with second-hand homes outperforming new homes, and a high proportion of transactions driven by first-time buyers. The structural issues in transaction dynamics indicate that the market's recovery remains under pressure [2] - Positive signals are accumulating in major cities like Shanghai and Beijing, with a notable reduction in supply due to sellers withdrawing listings. The inventory and absorption cycles in these cities have reached healthier levels, suggesting a potential stabilization in housing prices within the next one to two years. Historical data indicates that capital market performance typically leads housing price turning points by 3-6 months, highlighting the importance of monitoring market conditions for investment opportunities [2] - Short-term strategies should focus on defensive value in the financial real estate sector due to declining global risk appetite, while mid-term strategies should target three structural themes: Hong Kong property companies benefiting from market recovery, commercial real estate REITs, and companies with strong product capabilities and profitability [5] Market Performance - The A/H real estate index has underperformed compared to benchmarks, with the A-share real estate index declining by 1.42% [10] - In the second-hand housing market, Shanghai's listing prices have increased for three consecutive weeks, while Guangzhou's prices have turned positive. However, Beijing and Shenzhen continue to see price declines [20][22] - Transaction volumes in Beijing, Guangzhou, Shenzhen, and second-tier cities have decreased week-on-week, with notable declines of 10.8% in Beijing and 12.9% in Shenzhen. Conversely, Shanghai's second-hand home transactions have shown a positive trend, reaching a daily record of 1,585 units [28] Second-hand Housing Weekly Tracking - Listing prices in Shanghai have risen by 0.16% week-on-week, while Guangzhou has seen a 0.06% increase. In contrast, Beijing's prices have dropped by 0.08% and Shenzhen's by 0.08% [20][22] - The listing volumes in Beijing, Shanghai, and Guangzhou continue to decline, with respective week-on-week decreases of 0.12%, 0.33%, and 0.18%. Shenzhen's listings have increased by 0.27% [22][25] New Housing Weekly Tracking - New home sales in Beijing and Shenzhen have increased week-on-week by 47% and 22%, respectively, while Guangzhou has turned positive with a 58% increase. However, Shanghai's new home sales have decreased by 5% [45][46] - The inventory of new homes in first-tier cities has slightly increased by 0.1% week-on-week, indicating a stabilization in the market [47] Financing of Real Estate Companies - The total issuance of new bonds by real estate companies reached 14.444 billion, marking a week-on-week increase of 128.5% [49]

证券代码：002208 证券简称：合肥城建 公告编号：2026011 合肥城建发展股份有限公司 关于控股孙公司减少注册资本进展的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏。 一、本次减资事项概述 二、本次减资进展情况 近日，合淮公司取得淮南市市场监督管理局换发的《营业执照》，完成了工 商变更登记手续。本次减资完成后，合淮公司注册资本变更为 7,000 万元人民币， 公司全资子公司合肥工投工业科技发展有限公司认缴出资 4,900 万元人民币，持 有其 70%股权。 三、备查文件 1、合淮公司营业执照。 特此公告。 合肥城建发展股份有限公司董事会 二〇二六年三月二十七日 合肥城建发展股份有限公司（以下简称"公司"）于 2026 年 1 月 26 日召开 的第八届董事会第三十次会议审议通过了《关于控股孙公司减少注册资本的议 案》，同意公司控股孙公司合淮工业科技有限公司（以下简称"合淮公司"）减少 注册资本，注册资本由 10,000 万元人民币减少至 7,000 万元人民币，各股东同比 例减资。具体内容详见公司 2026 年 1 月 27 日在巨潮资讯网披露的《 ...

特此公告。 关于全资子公司竞得土地使用权的公告（二） 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏。 为了增加土地储备，合肥城建发展股份有限公司（以下简称"公司"）第八 届董事会第三十一次会议（以下简称"会议"）于 2026 年 3 月 23 日 15 时在公司 十四楼会议室召开。会议以 10 票同意，0 票反对，0 票弃权的表决结果审议并通 过了《关于全资子公司参与合肥市包河区 BH202602 号地块竞买的议案》。 根据上述决议，公司全资子公司合肥徽琥置业有限公司（以下简称"徽琥置 业"）于 2026 年 3 月 27 日参加了合肥市自然资源和规划局组织的土地使用权挂 牌出让活动，通过竞拍方式取得合肥市包河区 BH202602 号地块。该地块位于合 肥市包河区老包河大道以东、渤海湾路以北，面积为 0.9233 亩，出让年限至 2094 年11月14日止，规划用途为居住，容积率≤1.6，土地使用权出让总金额为969.465 万元，由徽琥置业自筹资金解决。具体内容以合肥市自然资源和规划局与徽琥置 业签订的《国有建设用地使用权出让合同》为准，公司将在上述合同签订后 ...

合肥城建发展股份有限公司董事会 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏。 为了增加土地储备，合肥城建发展股份有限公司（以下简称"公司"）第八 届董事会第三十一次会议（以下简称"会议"）于 2026 年 3 月 23 日 15 时在公司 十四楼会议室召开。会议以 10 票同意，0 票反对，0 票弃权的表决结果审议并通 过了《关于全资子公司参与合肥市包河区 BH202601 号地块竞买的议案》。 根据上述决议，公司全资子公司合肥徽琥置业有限公司（以下简称"徽琥置 业"）于 2026 年 3 月 27 日参加了合肥市自然资源和规划局组织的土地使用权挂 牌出让活动，通过竞拍方式取得合肥市包河区 BH202601 号地块。该地块位于合 肥市包河区老包河大道以东、渤海湾路以北，面积为 1.5916 亩，出让年限至 2094 年 11 月 14 日止，规划用途为居住，容积率≤1.6，土地使用权出让总金额为 1,671.18 万元，由徽琥置业自筹资金解决。具体内容以合肥市自然资源和规划局 与徽琥置业签订的《国有建设用地使用权出让合同》为准，公司将在上述合同签 订后另行公告 ...

合肥城建发展股份有限公司 关于全资子公司吸收合并全资孙公司进展的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，并对公告中的虚 假记载、误导性陈述或者重大遗漏承担责任。 一、吸收合并基本情况 证券代码：002208 证券简称：合肥城建 公告编号：2026010 合肥城建发展股份有限公司（以下简称"公司"）于 2025 年 12 月 25 日召开 的第八届董事会第二十九次会议审议通过了《关于全资子公司吸收合并全资孙公 司的议案》。同意由公司全资子公司合肥工投工业科技发展有限公司（以下简称 "工业科技"）吸收合并公司全资孙公司合肥工投工业科技定远有限公司（以下 简称"工投定远"）。本次吸收合并完成后，工业科技存续，工投定远将依法注销， 工投定远全部资产、负债、业务、人员、相关资质及其他一切权利义务均由工业 科技依法承继。具体内容详见公司于 2025 年 12 月 26 日在《证券时报》《中国证 券报》《上海证券报》《证券日报》和巨潮资讯网上披露的《关于全资子公司吸收 合并全资孙公司的公告》（公告编号：2025106）。 特此公告。 二、吸收合并进展情况 合肥城建发展股份有限公司董事会 近日，公司收到了定 ...

Market Performance - On February 25, 2026, the equity market saw most sectors rise, with the Shanghai Composite Index and Shenzhen Composite Index increasing by 0.72% and 1.21% respectively, while the CSI 300 and CSI 500 rose by 0.60% and 1.60% respectively [1] Individual Stock Performance - The top five gainers in the real estate sector were Huangting International, I Love My Home, Hualian Holdings, City Investment Holdings, and Zhujiang Shares, with increases of 10.05%, 10.03%, 9.96%, 9.96%, and 6.77% respectively [2] - The largest decliners included Hefei Urban Construction, Sanxiang Impression, Ningbo Fuda, Jinqiao B Share, and Haitai Development, with declines of -5.33%, -1.52%, -1.13%, -0.53%, and -0.45% respectively [2] Industry News - On February 25, 2026, five departments in Shanghai announced a reduction in housing purchase restrictions, effective February 26, 2026. Non-Shanghai residents can now purchase homes in the outer ring with a social security or tax payment history of just 1 year, and those with 3 years can buy an additional property [3] - The maximum housing provident fund loan for first-time homebuyers has been increased from 1.6 million yuan to 2.4 million yuan. Additionally, families with multiple children can receive a 20% increase in the maximum loan amount for purchasing a second home [3] - From January 1, 2026, adult children of local residents purchasing their only home will be exempt from personal housing property tax [4] Company Announcements - China Overseas Macro Real Estate Group announced that the buyback registration period for "23 Hongyang 02" bonds is from March 2 to March 9, 2026, with the repayment date set for April 3, 2026 [6] - Poly Real Estate Group announced the early delisting of "23 Baozhi 01" bonds, with a total buyback amount of 1 billion yuan. The bonds will be canceled due to this buyback [6]

Core Viewpoint - Hefei Urban Construction (002208.SZ) stated on the investor interaction platform that its actual controller, the Hefei State-owned Assets Supervision and Administration Commission, does not directly hold shares in Changxin Technology [1] Group 1 - The company clarified the ownership structure regarding Changxin Technology [1]

Group 1 - Hefei Urban Construction Co., Ltd. experienced a decline of 5.02% on February 25, with a stock price of 15.69 yuan per share, a trading volume of 462 million yuan, a turnover rate of 3.61%, and a total market capitalization of 12.604 billion yuan [1] - The company, established on September 7, 1999, and listed on January 28, 2008, is primarily engaged in real estate development, operation, sales, leasing, and property management, with 99.87% of its revenue coming from real estate sales and leasing [1] Group 2 - Among the top ten circulating shareholders of Hefei Urban Construction, a fund under Southern Fund holds a position. The Southern CSI Real Estate ETF Initiated Link A (004642) reduced its holdings by 37,300 shares in the third quarter, now holding 5.0825 million shares, which represents 0.63% of the circulating shares [2] - The Southern CSI Real Estate ETF Initiated Link A (004642) was established on August 24, 2017, with a current scale of 1.79 billion yuan. Year-to-date returns are 2.62%, ranking 3830 out of 5570 in its category, while the one-year return is 6.19%, ranking 3769 out of 4305. Since inception, the fund has incurred a loss of 41.69% [2] Group 3 - The fund manager of Southern CSI Real Estate ETF Initiated Link A (004642) is Luo Wenjie, who has a cumulative tenure of 12 years and 313 days. The total asset scale under management is 171.358 billion yuan, with the best fund return during his tenure being 185.44% and the worst being -47.6% [3]

Investment Rating - The industry rating is optimistic, expecting overall returns to exceed the CSI 300 Index by more than 5% in the next six months [10]. Core Insights - The real estate sector is experiencing a positive market trend, with the Shanghai Composite Index and Shenzhen Composite Index rising by 0.87% and 1.23% respectively on February 24, 2026. The Shenwan Real Estate Index also increased by 0.28% [3]. - A recent land auction in Yiwu saw a small residential plot sold at a total price of 116 million yuan, with a premium rate of 22.14%. The plot covers an area of 4,120.58 square meters and has a planned construction area of 10,301.45 square meters [5]. - The top five performing stocks in the real estate sector included Phoenix Holdings, Jingneng Real Estate, Ningbo Fuda, Hefei Urban Construction, and Beijing Investment Development, with respective increases of 9.63%, 8.37%, 6.44%, 6.17%, and 5.96% [4]. Market Trends - The Guangzhou Housing and Urban-Rural Development Bureau, along with six other departments, is conducting a two-month campaign to regulate real estate media, aiming to reduce false advertising and malicious speculation [6][7]. - Shenzhen Overseas Chinese Town Holdings has initiated a non-public offering of corporate bonds, with a scale of 2.5 billion yuan, which has been accepted for review [8].