人民财讯8月26日电，滨江集团（002244）8月26日晚间发布半年报，公司2025年上半年实现营业收入 454.49亿元，同比增长87.8%；归属于母公司所有者的净利润18.53亿元，同比增长58.87%；基本每股收 益0.6元。业绩增长主要系公司2025年上半年交付楼盘体量较上年同期增加所致。 ...

星河800项目规划了一幢24层高的住宅和两幢30层高的商业大平层。商业大平层土地性质为商业用地，但主要用途是住宅。与传统住宅相比，其在产权年 限、交易税费、水电成本方面存在一定劣势。 该项目的住宅部分2022年开盘，每平方米限价4.6万元。商业性质项目共54套房源，一层一户，单套面积约820平方米，定价依据层高有所不同。 智通财经记者 | 杨冰柯 智通财经编辑 | 庄键 8月25日，一则"杭州大佬3小时花了8000万买大平层"的消息在杭州各大购房群流传，该大平层为滨江集团揽奥望座星河800项目。 智通财经8月26日从星河800项目销售经理许燕处证实，上周末，该项目确实有一套总价约8300万元的顶楼户型被买下，目前客户已支付50万元认筹金。 据智通财经了解，除了这套8300万元的户型，上个周末，星河800项目10层以下房源已经销售一空。甚至有一位销售一天内卖出了10套大平层，单套成交 价在3000万-5000万之间。 杭州高端客群房产服务商行致盛创始人李晓桃分析称，商业大平层项目想要热销，首先要价格到位，其次是拥有不错的产品和地段。 许燕告诉智通财经，星河800项目10层以下房源总价在2000多万元，下单客户基 ...

合 并 资 产 负 债 表 2025年6月30日 | 编制单位：杭州滨江房产集团股份有限公司 | | | | | | | 单位：人民币元 | | --- | --- | --- | --- | --- | --- | --- | --- | | 资 产 | 注释 | 期末数 | 上年年末数 | 负债和股东权益 | 注释 | 期末数 | 上年年末数 | | | 号 | | | | 号 | | | | 流动资产： | | | | 流动负债： | | | | | 货币资金 | 1 | 29,495,502,511.32 | 37,140,420,548.44 | 短期借款 | 19 | 260,377,361.11 | 590,902,152.78 | | 结算备付金 | | | | 向中央银行借款 | | | | | 拆出资金 | | | | 拆入资金 | | | | | 交易性金融资产 | 2 | 137,750,243.73 | 140,253,652.30 | 交易性金融负债 | | | | | 衍生金融资产 | | | | 衍生金融负债 | | | | | 应收票据 | | | | 应付票据 | | | ...

证券代码：002244 证券简称：滨江集团 公告编号：2025-044 杭州滨江房产集团股份有限公司 关于 2025 年半年度计提资产减值的公告 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。 根据《企业会计准则》和杭州滨江房产集团股份有限公司（以下 简称"公司"）会计政策的相关规定，公司对截至2025年6月30日存 在减值迹象的资产进行了减值测试，本着谨慎原则，对可能发生减值 损失的资产计提了减值准备。主要情况如下： 二、本次计提资产减值准备合理性的说明 （一）信用损失准备 公司按信用风险特征的相似性和相关性对应收款项进行分组，各 组合确定依据及计量预期信用损失的方法如下： 3、按单项计提预期信用损失的应收款项的认定标准 对信用风险与组合信用风险显著不同的应收账款和其他应收款， 公司按单项计提预期信用损失。 按上述原则，公司2025年上半年度信用损失准备合计变动 624,627.81 元 ， 其 中 因 应 收 账 款 收 回 而 转 回 信 用 损 失 准 备 32,341,631.50元，新增计提其他应收款信用损失准备31,717,003.69 元。 （ ...

非经营性资金占用及其他关联资金往来情况汇总表 2025年1-6月 | 编制单位：杭州滨江房产集团股份有限公司 | | | | | | | | | | 单位：人民币万元 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 非经营性资金占用 | 资金占用方名称 | 占用方与上市公司的关联 | 上市公司核算的会 | 2025年期初 | 2025年1-6月占用 累计发生金额 | 2025年1-6月占 用资金的利息 | 2025年1-6月偿还累 | 2025年6月30日 | 占用形成原因 | 占用性质 | | | | 关系 | 计科目 | 占用资金余额 | （不含利息） | （如有） | 计发生金额 | 占用资金余额 | | | | 控股股东、实际控制 | | | | | | | | | | | | 人及其附属企业 | | | | | | | | | | | | 小 计 | - | - | - | | | | | | | - | | 前控股股东、实际控 | | | | | | | | | | | | 制人及其附属企业 | | | ...

会议以通讯表决的方式，审议并表决了以下议案： 一、审议通过《2025 年半年度报告及其摘要》 经审核，董事会认为公司 2025 年半年度报告及其摘要内容真实、 准确、完整地反映了上市公司的实际情况，不存在任何虚假记载、误 导性陈述或者重大遗漏。 表决结果：同意 5 票，反对 0 票，弃权 0 票。 二、审议通过《关于修订<信息披露管理制度>的议案》 为进一步规范公司及其他信息披露义务人的信息披露行为，加强 信息披露事务管理，根据最新修订的《上市公司信息披露管理办法》、 杭州滨江房产集团股份有限公司 第七届董事会第二次会议决议公告 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。 杭州滨江房产集团股份有限公司(以下简称"公司")第七届董事 会第二次会议通知于 2025 年 8 月 16 日以专人送达、电子邮件方式发 出，会议于 2025 年 8 月 26 日以通讯方式召开，应出席董事 5 人，实 际出席董事 5 人，本次会议召开程序符合《公司法》和《公司章程》 的规定。 证券代码：002244 证券简称：滨江集团 公告编号：2025-042 《深圳证券交易所股票上 ...

Financial Performance - The company's operating revenue for the first half of 2025 reached ¥45.45 billion, an increase of 87.80% compared to ¥24.20 billion in the same period last year[18]. - Net profit attributable to shareholders was ¥1.85 billion, up 58.87% from ¥1.17 billion year-on-year[18]. - The net profit after deducting non-recurring gains and losses was ¥1.84 billion, reflecting a 62.35% increase from ¥1.13 billion in the previous year[18]. - The basic earnings per share rose to ¥0.60, a 62.16% increase compared to ¥0.37 in the same period last year[18]. - The gross profit margin for the first half of 2025 was 12.24%, an increase of 2.67 percentage points compared to the same period last year[27]. - The company reported operating revenue of CNY 45.449 billion, an increase of 87.8% year-on-year, and a net profit of CNY 2.692 billion, up 120% year-on-year[27]. - Operating profit for the first half of 2025 was ¥4.08 billion, up from ¥1.86 billion in the same period last year, representing a growth of 119%[170]. - The company reported a basic earnings per share of ¥0.60 for the first half of 2025, compared to ¥0.37 in the first half of 2024, an increase of 62%[171]. Assets and Liabilities - The total assets at the end of the reporting period were ¥240.64 billion, a decrease of 7.12% from ¥259.08 billion at the end of the previous year[18]. - The net assets attributable to shareholders increased by 6.90% to ¥29.43 billion from ¥27.53 billion at the end of the previous year[18]. - The company's total financial assets at the end of the period amounted to 1,298,758,000.00 CNY, reflecting a decrease from the beginning balance of 1,394,921,000.00 CNY, with a change of -6.88%[75]. - The total liabilities decreased from CNY 207.53 billion to CNY 185.79 billion, a decline of about 10.4%[163]. - Total equity increased from CNY 51.55 billion to CNY 54.86 billion, an increase of about 6.5%[163]. - The company's total interest-bearing liabilities stand at 33.35 billion CNY, with a net debt ratio of 7.03% and a cash-to-short-term debt ratio of 3.14 times[59]. Cash Flow - The company reported a net cash flow from operating activities of -¥8.96 billion, a decline of 95.52% compared to -¥4.58 billion in the same period last year[18]. - Cash flow from operating activities shows a net outflow of approximately ¥8.96 billion in the first half of 2025, compared to a net outflow of ¥4.58 billion in the same period of 2024[176]. - Cash flow from investing activities resulted in a net outflow of approximately ¥3.89 billion in the first half of 2025, contrasting with a net inflow of ¥40.48 million in the same period of 2024[176]. - Cash flow from financing activities generated a net inflow of approximately ¥5.21 billion in the first half of 2025, compared to a net outflow of approximately ¥1.72 billion in the first half of 2024[176]. Project Development - The company added 16 new land reserve projects, with a total planned construction area of 1,006,708 square meters and total land costs of CNY 33.272 billion[29][34]. - The company has multiple ongoing residential projects in Hangzhou, with completion rates ranging from 3% to 100% across various developments[35]. - The company is actively expanding its project pipeline, with several new developments planned for completion in 2024 and 2025[35]. - The company has completed several residential and commercial projects in Hangzhou, with a total of 67,293 square meters completed for the "Wangcui Lanting" project and 86,975 square meters for the "Chaoguan Lan Yue Xuan" project, both at 100% completion[37]. Market Strategy - The company aims for a sales target of approximately CNY 100 billion, with a goal to rank within the top 15 in the industry and capture over 1% of the national market share[51]. - The company is focusing on high-quality land reserves, prioritizing premium cities and locations, and aims to control investment amounts to around 50% of equity sales receipts[51]. - The company is actively pursuing market expansion in Shanghai and Jiangsu while maintaining and increasing its presence in Hangzhou[51]. Corporate Governance and Compliance - The company has not distributed cash dividends or bonus shares for the semi-annual period[94]. - The company reported no significant non-compliance issues or penalties during the reporting period[106]. - There were no major related party transactions during the reporting period[108]. - The company did not engage in any significant litigation or arbitration matters during the reporting period[104]. Financing and Debt Management - The average financing cost has been reduced to 3.1%, with a target to keep interest-bearing liabilities below CNY 30 billion[51]. - The total financing balance stands at CNY 33.35 billion, with bank loans constituting the largest portion at CNY 27.98 billion[49]. - The company has a strong focus on maintaining a direct financing ratio below 20% to optimize its capital structure[51]. Social Responsibility and Community Engagement - The company has initiated a rural revitalization strategy, focusing on transforming 15 administrative villages and nearly 100 natural villages in Wangfu Township[97]. - The company has received several honors for its contributions to rural revitalization, including the "First Hangzhou Charity Award" for rural revitalization[97].

滨江集团公告，2025年上半年营业收入454.49亿元，同比增长87.80%。净利润18.53亿元，同比增长 58.87%。公司计划不派发现金红利，不送红股，不以公积金转增股本。 ...

Investment Rating - The report maintains an "Overweight" rating for the real estate sector, indicating a positive outlook for the industry [5]. Core Insights - The recent policy adjustments in Beijing and Shanghai signal a shift away from pessimistic expectations in the real estate market, with a focus on stabilizing prices and promoting recovery [5]. - The Shanghai policy changes are more significant than those in Beijing, aimed at improving the housing market structure and facilitating the housing replacement chain [5]. - The report anticipates further policy relaxations in other cities like Shenzhen, following the trend set by Beijing and Shanghai [5]. Summary by Sections Policy Changes - On August 25, 2025, Shanghai announced the relaxation of housing purchase limits, allowing families to buy unlimited properties outside the outer ring, and increasing the maximum housing provident fund loan amount to 2.16 million yuan from 1.92 million yuan [5][6]. - The new policies also include a reduction in commercial loan interest rates for second homes and the removal of the interest rate floor [5][6]. Market Analysis - The report notes a "dumbbell" structure in the Shanghai housing market, with improving prices for new homes and a rebound in second-hand homes priced below 3 million yuan [5]. - It predicts that the core cities' real estate markets are at a bottoming point and will lead the recovery [5]. Investment Recommendations - The report recommends investing in companies with strong product capabilities such as China Resources Land, Longfor Group, and China Jinmao, as well as undervalued firms like New Town Holdings and China Overseas Development [5][7]. - It also highlights opportunities in the second-hand housing brokerage sector and property management companies [5][8].

Investment Rating - The report maintains a "Neutral" investment rating for the real estate industry, indicating a balanced outlook for future performance [1]. Core Insights - The recent Central Urban Work Conference marks a significant turning point for the real estate industry, emphasizing urban renewal as a key focus for future development [10][39]. - The industry is transitioning from an "incremental expansion" model to a "stock quality improvement" model, driven by urbanization trends and demographic changes [12][24]. - The report suggests that the real estate market is entering a "second half," where the focus will shift to urban renewal and the transformation of business models among real estate companies [10][39]. Summary by Sections 1. Significance of the Central Urban Work Conference - The conference, held for the first time in ten years, provides a new direction for urban development, indicating a shift from rapid urbanization to stable development [7][10]. - It highlights the need for urban renewal and the transformation of the real estate industry to adapt to changing market conditions [8][10]. 2. Transition from "Incremental Expansion" to "Stock Quality Improvement" - The report identifies the end of the "incremental expansion" era, as urbanization approaches its peak [12][14]. - Population structure changes, including declining birth rates and an aging population, are negatively impacting housing demand [16][19]. - Market supply and demand are in a continuous decline, with significant drops in real estate sales and investment [20][21]. 3. Urban Renewal as a Core Focus - Urban renewal is positioned as a critical strategy for high-quality urban development and economic growth [25][30]. - Recent government policies emphasize the importance of urban renewal and the renovation of old residential areas [26][28]. 4. Accelerated Industry Cleansing in the New Model - The overall profitability of the real estate industry is declining, with many listed companies reporting losses for the first time [32][33]. - The market is experiencing a structural shift, with a growing divide between high-demand urban areas and oversupplied lower-tier cities [38]. - The dual-track development model of "commercial housing + affordable housing" is emerging, addressing the needs of different income groups [38][39]. 5. Overall Perspective and Investment Recommendations - The report suggests that the real estate industry is entering a new phase characterized by urban renewal and quality improvement [39]. - It recommends focusing on stable, leading state-owned enterprises and regional leaders in first- and second-tier cities, such as Poly Developments, Binjiang Group, and China Merchants Shekou [39][41].