（文章来源：证券日报） 证券日报网讯 2月24日，南山控股在互动平台回答投资者提问时表示，截至2026年2月10日，公司股东 人数为46571户。 ...

Core Viewpoint - Nanshan Holdings (002314) is expected to report a net loss of 1.8 billion to 2.2 billion yuan for the year 2025, primarily due to asset impairment related to the downturn in the real estate market [1]. Group 1: Financial Performance - For the first three quarters of 2025, the company reported revenue of 10.906 billion yuan and a net profit attributable to shareholders of 330 million yuan [2]. - In Q3 alone, the company achieved revenue of 5.126 billion yuan, representing a year-on-year increase of 262.88%, and a net profit of 238 million yuan, up 203.51% year-on-year [2]. - The company's gross margin stood at 21.85%, with a debt ratio of 73.92% [2]. Group 2: Business Operations - The company maintains a high occupancy rate of 91.1% in its warehousing and logistics business, although it continues to face rental pressure [2]. - The company emphasizes robust cash flow management despite the anticipated losses [2]. Group 3: Stock Performance - The stock price has experienced a downward trend over the past week, currently priced at 2.65 yuan, reflecting a decline of 1.85% [3]. - There has been a continuous net outflow of major funds, indicating short-term capital divergence, with a trading range fluctuation of 6.69% and active turnover [3].

Investment Rating - The report maintains a "Recommendation" rating for the real estate sector, specifically highlighting the promotion of "good housing" construction in Fujian [2]. Core Insights - The report indicates a seasonal decline in new and second-hand housing transactions, with new housing transaction area in 20 cities decreasing by 9% week-on-week but increasing by 147% year-on-year. The total transaction area for new housing was 170 million square meters [22][21]. - The second-hand housing market showed a similar trend, with a 7% week-on-week decrease but a 174% year-on-year increase in transaction area, totaling 199 million square meters [27][24]. - The report emphasizes the importance of addressing three key issues in the real estate market: declining new housing demand, unresolved inventory, and the negative impact of land finance on the economy [6]. Industry Data - The real estate sector consists of 107 listed companies with a total market capitalization of approximately 1,270.7 billion yuan and a circulating market capitalization of about 1,217.1 billion yuan [2]. - The sector's performance in the past month shows an absolute increase of 2.3%, a 6-month increase of 7.4%, and a 12-month increase of 12.8% [3]. Policy Developments - Fujian province has introduced measures to stabilize the real estate market, focusing on promoting housing consumption and inventory reduction, including optimizing shared ownership policies and encouraging the purchase of existing homes [15][18]. - Gansu province has adjusted its housing provident fund loan policies, increasing the maximum loan amounts for single and married contributors [15][18]. Sales Performance - In the first week of February, the average daily transaction area for new housing in 20 cities was 24.3 million square meters, with a cumulative transaction area of 838 million square meters year-to-date, reflecting a 28% year-on-year decrease [22][21]. - The report notes that the average transaction area for second-hand housing in 11 cities was 28.5 million square meters, with a cumulative area of 1,067 million square meters year-to-date, indicating a 23% year-on-year increase [27][24]. Investment Strategy - The report suggests focusing on three areas to find alpha in the real estate sector: precision in land acquisition for developers, stable income assets such as leading shopping centers, and leading real estate agencies that enhance transaction efficiency [6].

Investment Rating - The report maintains a "Recommendation" rating for the real estate sector, specifically highlighting the promotion of "good housing" construction in Fujian [2]. Core Insights - The report indicates a seasonal decline in new and second-hand housing transactions, with new housing transaction volume in 20 cities decreasing by 9% week-on-week but increasing by 147% year-on-year. Second-hand housing transactions in 11 cities also saw a week-on-week decrease of 7% but a year-on-year increase of 174% [6][21][27]. - The report emphasizes the importance of addressing three key issues in the real estate market: the decline in new housing demand, unresolved inventory issues, and the negative impact of land finance on the economy [6]. Summary by Sections Industry Basic Data - The real estate sector comprises 107 listed companies with a total market capitalization of 1,270.717 billion yuan and a circulating market capitalization of 1,217.136 billion yuan [2]. Sales Performance - In the sixth week, the average daily transaction area for new housing in 20 cities was 24.3 million square meters, with a total transaction area of 170 million square meters, reflecting a year-on-year increase of 147% [22][21]. - The average daily transaction area for second-hand housing in 11 cities was 28.5 million square meters, with a total transaction area of 199 million square meters, showing a year-on-year increase of 174% [27][30]. Policy News - Fujian Province has introduced measures to stabilize the real estate market, focusing on promoting housing consumption and inventory reduction, including optimizing shared ownership policies and encouraging the purchase of existing homes [15][18]. - Gansu Province has adjusted its housing provident fund loan policies, increasing the maximum loan amounts for single and married contributors [15][18]. Investment Strategy - The report suggests focusing on three areas to find alpha in the real estate sector: precision in land acquisition for developers, investment in leading shopping centers, and monitoring leading real estate agencies for efficiency improvements [6].

Group 1 - Nanshan Holdings held its 27th meeting of the 7th Board of Directors on February 6, 2026, via teleconference [1] - The meeting reviewed the proposal regarding the expected daily related transactions for the year 2026 [1] Group 2 - The central bank aims to accumulate 700 tons of gold and has announced the purchase of an additional 150 tons [2] - This marks the highest increase in gold holdings by the central bank for two consecutive years [2]

证券代码：002314 证券简称：南山控股 公告编号：2026-004 深圳市新南山控股（集团）股份有限公司 关于预计公司 2026 年度日常关联交易的公告 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、日常关联交易基本情况 （一）日常关联交易概述 为满足深圳市新南山控股（集团）股份有限公司（以下简称"公 司"）及子公司生产经营的需要，公司及子公司拟与控股股东中国南 山开发（集团）股份有限公司（以下简称"中国南山"）及其下属公 司发生日常关联交易，2026年度预计与关联方发生日常关联交易总金 额为25,348万元。预计发生关联交易的关联人主要包括中国南山及其 子公司、深圳市赤湾东方物流有限公司（以下简称"东方物流"）及 其子公司、赤晓企业有限公司（以下简称"赤晓企业"）及其子公司、 深圳市赤湾商业发展有限公司（以下简称"赤湾开发平台"）、中开 财务有限公司（以下简称"财务公司"）、合肥宝湾国际物流中心有 限公司（以下简称"合肥宝湾"）。 2 单位：万元 关联交易 类别 关联人 关联交易内容 关联交易 定价原则 合同签订金额 或预计金额 截至披露日 已发生 ...

证券代码：002314 证券简称：南山控股 公告编号：2026-003 本次会议由董事长舒谦先生主持，会议应出席董事 9 名，实际出 席董事 9 名。本次会议的召开符合有关法律、法规及《公司章程》等 的规定。经审议，会议形成如下决议： 审议通过《关于预计公司 2026 年度日常关联交易的议案》。 表决结果：4票同意，0票反对，0票弃权。关联董事舒谦先生、赵 建潮先生、李鸿卫先生、胡润结女士、兰健锋先生回避表决。 该议案在提交董事会前，已经公司第七届董事会独立董事2026年 第一次专门会议一致审议通过。 具体内容详见2026年2月7日刊登于《证券时报》《上海证券报》和 巨潮资讯网的《关于预计公司2026年度日常关联交易的公告》，公告编 号2026-004。 特此公告。 深圳市新南山控股（集团）股份有限公司 第七届董事会第二十七次会议决议公告 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。 深圳市新南山控股（集团）股份有限公司（以下简称"公司"） 第七届董事会第二十七次会议通知于 2026 年 2 月 3 日以直接送达、邮 件等方式发出，会议于 2026 年 2 ...

Group 1: Financial Performance - The company expects a net profit loss for 2025, primarily due to the overall real estate market conditions and increased asset impairment provisions and investment losses [2] - Despite the anticipated loss, the company maintains a stable operational situation with a diversified profit structure and strong cash flow management [2] - The company aims to optimize its business structure and enhance asset efficiency to gradually improve performance [2] Group 2: Real Estate Development - The company prioritizes risk prevention in its real estate development business, actively responding to market competition since 2025 [2] - It employs differentiated sales strategies to accelerate inventory clearance and ensure cash flow safety, focusing on high-quality projects in key regions like the Yangtze River Delta and the Guangdong-Hong Kong-Macao Greater Bay Area [2] - The company plans to continue monitoring industry policies and structural opportunities while strictly controlling new investments to optimize asset structure [2] Group 3: Warehousing and Logistics - The company's warehousing and logistics business, centered around Baowan Logistics, achieved a revenue of 920 million yuan in the first half of 2025, maintaining a high average warehouse utilization rate of 91.1% [3] - Despite a decline in average rental rates due to cautious leasing strategies, there is potential for rental stabilization and recovery in core cities as supply pressures ease and market demand gradually rebounds [3] Group 4: Asset Securitization - The company emphasizes asset securitization, advancing a closed-loop management system for fundraising, investment, construction, and exit [3] - The Baowan Logistics REIT has performed well since its listing and is currently expanding its fundraising efforts to acquire quality logistics park assets in cities like Chengdu, Xi'an, Ningbo, and Qingdao [3] - A logistics fund of 546 million yuan has been established to support future asset securitization initiatives [3]

Group 1 - The core point of the article is that Nanshan Holdings (002314) reported a total of 45,843 shareholders as of January 30, 2026 [1]

Market Overview - On February 2, the real estate development sector fell by 3.52% compared to the previous trading day, with Nanshan Holdings leading the decline [1] - The Shanghai Composite Index closed at 4015.75, down 2.48%, while the Shenzhen Component Index closed at 13824.35, down 2.69% [1] Stock Performance - Notable gainers in the real estate sector included: - ST Yangguang: Closed at 3.48, up 5.14% with a trading volume of 109,300 shares [1] - ST Rongkong: Closed at 13.85, up 5.00% with a trading volume of 51,400 shares [1] - Significant decliners included: - Nanshan Holdings: Closed at 2.73, down 9.90% with a trading volume of 559,200 shares [2] - Caixin Development: Closed at 2.55, down 9.89% with a trading volume of 127,300 shares [2] Capital Flow - The real estate development sector experienced a net outflow of 1.437 billion yuan from institutional investors, while retail investors saw a net inflow of 955 million yuan [2] - The capital flow for specific stocks showed: - Deep Deep Housing A: Net outflow of 455.7 million yuan from institutional investors [3] - Binjiang Group: Net inflow of 289.9 million yuan from institutional investors [3]