Financial Performance - The company's operating revenue for Q3 2025 reached ¥5,125,990,866.70, representing a 262.88% increase year-over-year[5] - Net profit attributable to shareholders was ¥238,378,813.06, up 203.51% compared to the same period last year[5] - The basic earnings per share increased to ¥0.09, reflecting a growth of 200.00% year-over-year[5] - The total sales revenue for the first nine months of 2025 was ¥10,906,424,802.80, a 163.73% increase from ¥4,135,448,336.95 in the same period of 2024[10] - Operating profit for the current period was CNY 871,775,431.82, compared to a loss of CNY 202,054,325.98 in the previous period, indicating a turnaround in profitability[19] - Net profit attributable to the parent company's shareholders was CNY 329,908,569.33, recovering from a loss of CNY 348,491,388.42 in the previous period[20] - The company reported a comprehensive income total of CNY 440,116,470.17, compared to a loss of CNY 266,813,689.18 in the previous period[20] - Basic and diluted earnings per share for the current period were CNY 0.12, recovering from a loss of CNY 0.13 in the previous period[20] Assets and Liabilities - Total assets as of September 30, 2025, were ¥62,636,974,725.74, a decrease of 10.49% from the end of the previous year[5] - The company's total assets decreased from ¥69,973,817,267.80 at the beginning of the period to ¥62,636,974,725.74 at the end of the period[16] - Current assets decreased from ¥33,618,167,384.52 to ¥26,250,163,126.30, indicating a reduction in liquidity[16] - Total liabilities decreased to CNY 46,302,254,224.33 from CNY 53,840,935,231.29, reflecting a reduction of approximately 14%[18] - Current liabilities totaled CNY 20,023,055,841.27, down from CNY 28,688,656,261.75, marking a decrease of about 30%[18] - The company’s total non-current liabilities increased to CNY 26,279,198,383.06 from CNY 25,152,278,969.54, reflecting a rise of approximately 4.5%[18] Cash Flow - The company reported a significant increase in cash flow from operating activities, totaling ¥2,183,176,396.79, which is a 305.08% increase year-to-date[5] - Operating cash inflow for the current period reached ¥8,543,696,575.27, a 44.3% increase from ¥5,904,561,151.87 in the previous period[21] - Net cash flow from operating activities was ¥2,183,176,396.79, compared to a negative cash flow of ¥1,064,544,510.84 in the previous period[22] - Cash outflow from investing activities totaled ¥1,119,357,847.83, down from ¥2,535,798,945.87 in the previous period, resulting in a net cash outflow of ¥1,005,395,683.67[22] - Cash inflow from financing activities was ¥7,879,221,026.18, a decrease from ¥12,198,128,369.66 in the previous period, leading to a net cash outflow of ¥2,301,291,606.51[22] - The ending cash and cash equivalents balance was ¥5,939,560,796.34, down from ¥7,251,536,376.97 in the previous period[22] Research and Development - The company's R&D expenses rose to ¥53,185,724.79, marking a 59.49% increase compared to the same period last year, indicating a focus on innovation[10] - Research and development expenses increased to CNY 53,185,724.79 from CNY 33,347,507.85, showing a growth of approximately 59.5%[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 51,080, with no preferred shareholders having restored voting rights[13] - The largest shareholder, China Nanshan Development (Group) Co., Ltd., holds 57.99% of the shares, totaling 1,570,139,538 shares[13] Tax and Expenses - The company reported a 501.69% increase in income tax expenses, totaling ¥429,289,796.88, primarily due to increased project turnover in the real estate business[10] - The company received ¥376,326,422.23 in tax refunds, an increase from ¥234,365,085.04 in the previous period[21] - The company paid ¥701,145,973.96 to employees, an increase from ¥661,187,616.86 in the previous period[22]

南山控股公告，第三季度营收为51.26亿元，同比增长262.88%；净利润为2.38亿元，同比增长 203.51%。前三季度营收为109.06亿元，同比增长163.73%；净利润为3.3亿元，同比增长194.67%。 ...

南山控股公告称，近日公司为全资子公司香云置业向浙商银行重庆分行1.66亿元综合授信额度提供连带 责任担保；全资子公司南山地产对四川南兴恒1.19亿元借款展期提供连带责任担保。本次新增担保共 2.86亿元。截至目前，公司及下属公司累计实际发生对外担保总额为322.83亿元，占2024年度经审计归 母净资产的364.91%。香云置业2025年1 - 8月营收5989.42万元，净利润 - 2621.46万元；四川南兴恒2025 年1 - 9月营收160.33万元，净利润 - 1512.91万元。 ...

证券代码：002314 证券简称：南山控股 公告编号： 2025-047 深圳市新南山控股（集团）股份有限公司 关于对外担保的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整， 没有虚假记载、误导性陈述或重大遗漏。 特别风险提示： 截至公告日，公司及控股子公司累计实际发生对外担保总额占 2024 年度经审计归母净资产 364.91%，对资产负债率超过 70%的单位 担保金额占公司 2024 年度经审计归母净资产 240.61%，对合并报表 外单位担保金额占公司 2024 年度经审计归母净资产 42.59%，敬请投 资者注意相关风险。 一、担保情况概述 1. 近日，深圳市新南山控股（集团）股份有限公司（以下简称 "公司"）与浙商银行股份有限公司重庆分行（以下简称"浙商银行 重庆分行"）签署《最高额保证合同》，约定公司为全资下属公司重 庆香云置业有限公司（以下简称"香云置业"）向浙商银行重庆分行 申请的综合授信额度提供 16,610 万元连带责任担保。 2. 2022 年 10 月，公司之全资子公司深圳市南山房地产开发有限 公司（以下简称"南山地产"）与成都银行股份有限公司高升桥支行 （以下简称 ...

Core Points - Nanshan Holdings' stock price decreased by 2.29% on October 24, trading at 2.99 CNY per share with a total market capitalization of 8.096 billion CNY [1] - The company has seen a year-to-date stock price increase of 25.63%, with a recent 6.79% rise over the last five trading days [1] - Nanshan Holdings' main business segments include real estate (58.87% of revenue), manufacturing (20.54%), and logistics (15.83%) [2] - For the first half of 2025, Nanshan Holdings reported a revenue of 5.780 billion CNY, a year-on-year increase of 112.29%, and a net profit of 91.53 million CNY, up 177.44% [2] Financial Performance - The company has distributed a total of 1.502 billion CNY in dividends since its A-share listing, with 100 million CNY distributed over the past three years [3] - As of June 30, 2025, the top ten circulating shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 10.1155 million shares [3] Market Activity - Nanshan Holdings has appeared on the stock market's "Dragon and Tiger List" twice this year, with the most recent instance on July 4, where it recorded a net buy of -26.2096 million CNY [1]

Investment Rating - The report does not explicitly state an investment rating for the industry, but it provides insights into the ESG performance of central enterprises in the real estate sector, indicating a mixed performance across various metrics [3][4]. Core Insights - The report evaluates the ESG performance of 10 central enterprises in the real estate sector, revealing that over half of the companies scored above 60 points, with social responsibility and governance aspects performing relatively well, while climate and environmental disclosures need improvement [10][23]. - The overall scores show significant variation, with three companies scoring below 60, three between 80-89 (including China Merchants Shekou, Poly Developments, and Joy City), and one company, China Merchants Jinling, scoring above 90 [10][23]. Summary by Sections 1. Overall Scores and Climate Disclosure - More than half of the companies scored above 60 points, indicating a need for improvement in climate disclosures [10]. - Companies with scores below 60: 3; scores between 80-89: 3; scores above 90: 1 [10]. 2. Environmental Performance - The environmental indicators scored relatively high, with most companies showing strong awareness of environmental protection [16]. - Five companies scored between 17-20 points, and four scored between 14-16 points, reflecting a commitment to resource utilization and emission reduction [16]. 3. Climate Performance - The climate indicators scored lower, with over half of the companies needing to enhance their climate disclosures [23]. - Three companies scored between 14-19 points, while five scored between 0-6 points, indicating a lack of emphasis on climate disclosures [23]. 4. Social Responsibility - The social indicators scored high, with five companies scoring between 23-29 points, demonstrating a strong commitment to social responsibility [29]. - Companies actively engaged in rural revitalization and public welfare initiatives, with detailed disclosures on consumer rights protection [29]. 5. Governance - The governance indicators scored high, with most companies having well-structured governance frameworks [41]. - Six companies scored between 17-22 points, indicating robust internal control and compliance management systems [41].

Investment Rating - The report gives a positive outlook on the central state-owned real estate industry, rating it as "Look Favorably" [3] Core Insights - The report evaluates the ESG performance of 10 central state-owned enterprises in the real estate sector, highlighting that over half of the companies scored above 60 points, with strong performance in social responsibility and governance, but needing improvement in climate and environmental disclosures [4][12] - The scoring results show a significant disparity, with three companies scoring below 60, three between 80-89 (including China Merchants Shekou, Poly Developments, and Dayuecheng), and one company, China Merchants Jinling, scoring above 90 [12] - The report emphasizes the importance of enhancing climate disclosures, as over half of the companies still need to improve in this area [27] Summary by Sections Overall Score Distribution - More than half of the companies scored above 60 points, indicating a relatively good performance in social responsibility and environmental aspects, while climate disclosures require further enhancement [12][27] Environmental Performance - Most central state-owned real estate companies show strong awareness of environmental protection, with five companies scoring between 17-20 points and four companies scoring between 14-16 points [18][22] - Companies have disclosed resource utilization and emission reduction measures, with high scores in "green low-carbon measures," "green buildings," and "green construction" [18][22] Climate Performance - The climate indicators received lower scores, with three companies scoring between 14-19 points and five companies scoring between 0-6 points, indicating a need for improved climate disclosures [27][32] - Only one company, China Merchants Jinling, fully disclosed its climate governance measures, while eight companies disclosed their climate response strategies, but only one did so completely [29][33] Social Responsibility - The social indicators scored relatively high, with five companies scoring between 23-29 points, demonstrating good performance in fulfilling social responsibilities, including rural revitalization and consumer rights protection [35][39] - Nine companies disclosed rural revitalization cases, and five companies reported measures for constructing affordable housing [39] Governance - The governance indicators also scored high, with most companies having well-structured governance frameworks. Six companies scored between 17-22 points, while four scored between 14-16 points [47][52] - All ten companies disclosed their governance structures, indicating a commitment to transparency and compliance [52][56]

Core Insights - Nanshan Holdings (002314) reported that as of September 30, 2025, the number of shareholders is projected to be 51,080 [1] Summary by Categories - **Company Information** - Nanshan Holdings has communicated to investors that the expected number of shareholders will reach 51,080 by the end of September 2025 [1]

Group 1 - Nanshan Holdings (002314.SZ) announced on October 10 that Changshu Yazhi Modular Building Co., Ltd. is a wholly-owned subsidiary, focusing on business transformation and internal management optimization [1] - Changshu Yazhi is recognized as a national high-tech enterprise, specializing in modular space business, including new integrated buildings and special containers, with products such as modular buildings and packing boxes [1] - Despite its achievements, including being awarded "Top Ten Brands in China's Energy Storage Industry - Top Ten Energy Storage Supporting Suppliers" in 2023, the revenue contribution from this business remains limited [1] Group 2 - Since 2020, Changshu Yazhi has increased investments in the new energy sector, establishing integrated production lines and charging/discharging testing platforms, with an annual production capacity of 8,000 energy storage containers [3] - From 2020 to date, the shipment volume of energy storage containers has reached 20 GWh, with major clients including State Power Investment Corporation, BYD, Sungrow, Schneider, Canadian Solar, and Trina Solar [3] - The inquiry from investors regarding the subsidiary's transformation and market prospects for energy storage containers indicates a growing interest in this sector [3]

Core Viewpoint - The local manufacturing industry in Yantai is showcasing its strength through significant sponsorship of local sports events, particularly the Shandong Qilu Football Super League matches, highlighting the community's support for sports and the economy [1][3][9]. Sponsorship and Support - Over 40 local enterprises have contributed nearly 10 million yuan in sponsorship funds and materials, setting a new record for football event sponsorship in Yantai [3][5]. - The sponsorship structure includes 10 senior sponsors, 11 intermediate sponsors, 10 junior sponsors, and 11 ordinary sponsors, reflecting strong local business support for sports [3][5]. - Notable sponsors include Yantai Bank as the main sponsor, along with leading companies such as Nanshan Holdings, Penglai Pavilion Scenic Area, and Wanhua Chemical [3][5][6]. Industry Representation - The sponsors represent a wide array of industries, including chemical materials, intelligent manufacturing, and emerging commercial aerospace, showcasing the diversity and strength of Yantai's manufacturing sector [5][6]. - Yantai Bank's strategic partnership with the local sports bureau aims to leverage financial innovation to address challenges in sports development, indicating a commitment to community engagement [5][6]. Economic Impact - Yantai has cultivated a robust manufacturing ecosystem, with 136 national specialized small giants and 24 single champions, ranking among the top three in the province [8]. - The city's advanced manufacturing sector is projected to grow, with significant projects like Yulong Island Refining and Weichai Fudi New Energy contributing to a complete industrial chain from basic materials to high-end equipment [9]. - The local economy's resilience is demonstrated by a 12.6% year-on-year growth in six major industries, which account for 83.2% of the industrial output [9].