Group 1 - The company Palm Eco-Town Development Co., Ltd. has made new progress in its share repurchase plan [1] - On August 5, 2024, the company held its second extraordinary general meeting of shareholders, approving a share repurchase plan with a total fund of no less than 50 million yuan (inclusive) and no more than 100 million yuan (inclusive), with a repurchase price not exceeding 2.37 yuan per share [2] - The repurchase period is set for 12 months from the date of the meeting, and the repurchased shares will be used for capital reduction and potential future equity incentives [2] Group 2 - On July 21, 2025, the company extended the implementation period of the second phase of the share repurchase plan by three months, now ending on November 4, 2025 [3] - The extension aims to ensure the smooth execution of the repurchase and to fulfill commitments to the capital market, enhancing investor confidence [3] Group 3 - As of August 31, 2025, the company has repurchased 2.1415 million shares, accounting for 0.12% of the total share capital, with a total repurchase amount of approximately 4.979524 million yuan [4] - The highest transaction price was 2.35 yuan per share, and the lowest was 2.31 yuan per share, all within the predetermined price limit [4] - The company has complied with legal regulations regarding the timing, quantity, and price of the repurchase, ensuring that no significant events affecting stock prices occurred during the disclosure period [4]

Group 1 - The company, Palm Shares (002431.SZ), announced a share buyback program, repurchasing 2,141,500 shares as of August 31, 2025, which represents 0.12% of the total share capital [1] - The highest transaction price during the buyback was 2.35 CNY per share, while the lowest was 2.31 CNY per share [1] - The total amount spent on the buyback was 4.9795 million CNY, excluding transaction fees [1]

证券代码：002431 证券简称：棕榈股份 公告编号：2025-077 棕榈生态城镇发展股份有限公司 关于股份回购的进展公告 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、股份回购基本情况 棕榈生态城镇发展股份有限公司（以下简称"公司"）于 2024 年 8 月 5 日召 开 2024 年第二次临时股东大会，审议通过了《关于以集中竞价交易方式回购公 司股份方案的议案》，同意公司以自有资金通过集中竞价交易方式回购公司股份， 回购资金总额不低于人民币 5,000 万元（含）且不超过人民币 10,000 万元（含）， 回购价格不超过 2.37 元/股，回购股份实施期限为自公司股东大会审议通过本次 回购股份方案之日起 12 个月内，本次回购的股份用于依法注销以减少公司注册 资本，及未来适宜时机用于实施股权激励。并同意授权公司经营管理层具体实施 本次回购股份方案。 具 体 内 容 详 见 公 司 在 《 中 国 证 券 报 》《 证 券 时 报 》 及 巨 潮 资 讯 网 （www.cninfo.com.cn）上披露的《关于以集中竞价交易方式回购公司股份方案 的公 ...

Market Overview - On September 1, the infrastructure sector rose by 0.25% compared to the previous trading day, with Palm Holdings leading the gains [1] - The Shanghai Composite Index closed at 3875.53, up 0.46%, while the Shenzhen Component Index closed at 12828.95, up 1.05% [1] Top Gainers in Infrastructure Sector - Palm Holdings (002431) closed at 2.52, up 10.04% with a trading volume of 1.4393 million shares and a transaction value of 347 million [1] - Huylv Ecological (001267) closed at 15.90, up 10.03% with a trading volume of 522,800 shares and a transaction value of 813 million [1] - Hongrun Construction (002062) closed at 8.56, up 10.03% with a trading volume of 1.2061 million shares and a transaction value of 1.012 billion [1] Top Losers in Infrastructure Sector - Daqian Ecological (603955) closed at 37.93, down 2.77% with a trading volume of 45,400 shares and a transaction value of 173 million [2] - Anhui Construction (600502) closed at 4.63, down 2.73% with a trading volume of 451,900 shares and a transaction value of 210 million [2] - China Communications Construction (601800) closed at 9.03, down 1.42% with a trading volume of 696,800 shares and a transaction value of 632 million [2] Capital Flow Analysis - The infrastructure sector experienced a net outflow of 653 million from institutional investors, while retail investors saw a net inflow of 515 million [2] - The top stocks with significant net inflows from retail investors include Huylv Ecological (001267) with 92.08 million and Palm Holdings (002431) with 75.98 million [3] Individual Stock Performance - Huylv Ecological (001267) had a net inflow of 92.08 million from institutional investors, representing 11.33% of its total trading [3] - Palm Holdings (002431) saw a net outflow of 31.18 million from retail investors, indicating a shift in investor sentiment [3] - Energy-saving Iron Han (300197) had a net inflow of 64.83 million from institutional investors, showing strong institutional interest [3]

Summary of Key Points Core Viewpoint - On August 29, Palm Eco-Town Development Co., Ltd. experienced a decline of 0.87% in stock price, with a trading volume of 73.13 million yuan, indicating a challenging market environment for the company [1]. Financing and Trading Data - On the same day, the company had a financing buy-in amount of 4.44 million yuan and a financing repayment of 8.63 million yuan, resulting in a net financing outflow of 4.19 million yuan [1]. - As of August 29, the total balance of margin trading for Palm shares was 148 million yuan, which represents 3.56% of the circulating market value, indicating a low financing balance compared to the past year [1]. - In terms of securities lending, there were no shares sold or repaid on August 29, with the lending balance also at zero, suggesting a high level of inactivity in this area [1]. Company Profile and Business Operations - Palm Eco-Town Development Co., Ltd. was established on September 21, 1993, and listed on June 10, 2010. The company is primarily engaged in urbanization construction investment, infrastructure planning and design, ecological environment governance, and tourism project management [2]. - The revenue composition of the company shows that construction engineering accounts for 95.50%, design services 2.35%, urban operations 1.66%, and other services 0.49% [2]. - As of July 31, the number of shareholders was 74,000, a decrease of 1.33%, while the average circulating shares per person increased by 1.35% to 24,497 shares [2]. Financial Performance - For the first half of 2025, the company reported a revenue of 1.625 billion yuan, reflecting a year-on-year growth of 2.77%. However, the net profit attributable to shareholders was a loss of 273 million yuan, although this represented a 24.73% improvement compared to the previous year [2]. - Since its A-share listing, the company has distributed a total of 276 million yuan in dividends, with no dividends paid in the last three years [3].

证券之星价投圈财报分析工具显示：业务评价：去年的净利率为-51.7%，算上全部成本后，公司产品或 服务的附加值不高。从历史年报数据统计来看，公司近10年来中位数ROIC为-2.86%，中位投资回报极 差，其中最惨年份2024年的ROIC为-25.89%，投资回报极差。公司历史上的财报非常一般，公司上市来 已有年报14份，亏损年份6次，如无借壳上市等因素，价投一般不看这类公司。商业模式：公司业绩主 要依靠研发驱动。需要仔细研究这类驱动力背后的实际情况。 据证券之星公开数据整理，近期棕榈股份(002431)发布2025年中报。截至本报告期末，公司营业总收入 16.25亿元，同比上升2.77%，归母净利润-2.73亿元，同比上升24.73%。按单季度数据看，第二季度营业 总收入8.77亿元，同比上升36.83%，第二季度归母净利润-1.12亿元，同比上升57.15%。本报告期棕榈股 份短期债务压力上升，流动比率达0.75。 本次财报公布的各项数据指标表现尚佳。其中，毛利率9.6%，同比增46.75%，净利率-16.97%，同比增 26.41%，销售费用、管理费用、财务费用总计2.61亿元，三费占营收比16.08%， ...

Group 1 - The core viewpoint of the news is that Palm Holdings (棕榈股份) has focused on its main business development, achieving stable revenue while narrowing its losses in the first half of 2025 [1][2] - In the first half of 2025, the company reported revenue of 1.625 billion yuan, a year-on-year increase of 2.77%, while the net profit attributable to shareholders was a loss of 273 million yuan, a reduction of 24.73% compared to the same period last year [1][3] Group 2 - The company is making progress in its key project, the "Two Institutes and One Center" project, which has reached the main structure completion stage in July, providing strong momentum for its operational development [2] - Palm Holdings is expected to open up new growth opportunities in the urban renewal sector as major national projects accelerate [2] - The company is still managing multiple existing PPP projects and is enhancing project quality and efficiency through standardized operations, laying a solid foundation for deeper participation in national strategies like urban renewal [2] Group 3 - The company has achieved significant results in cost reduction and efficiency improvement, with management expenses decreasing by 27.03% in the reporting period [3] - Palm Holdings is optimizing its financing structure, leading to a reduction in the comprehensive financing cost rate [3] - The company is also actively working on debt optimization and asset adjustment, planning to use 71 properties valued at approximately 102.7385 million yuan for debt settlement with suppliers, which will alleviate financial pressure and improve asset allocation [3] - These measures reflect the company's proactive approach to industry cycle fluctuations and create a healthier financial environment for expanding its main business and undertaking major infrastructure projects in the second half of the year [3]

Group 1 - The company, Palm Holdings, announced its plan to continue hiring Daixin Accounting Firm (Special General Partnership) as its auditing institution for the fiscal year 2025 [2]

一系列清晰的基建支持政策基础上，各地纷纷紧密呼应与联动。据建筑时报大数据统计，截至2025年5 月，全国24个省市已发布2025年重点工程项目计划超1.9万个，总投资额达57.5万亿元，年度计划投资超 9.5万亿元。国家发改委副主任郑备表示，2025年将在交通、能源、水利等领域推出3万亿元优质项目， 支持民企通过特许经营、委托运营等方式参与。 报告期内，棕榈股份承建的重点项目——"两院一中心"项目的建设工作稳步实施，该项目主体结构已于 7月顺利封顶，为公司经营发展注入了强劲动力。伴随着基建投资成为权威政策定调下的稳经济核心抓 手和经济新动能，全国重大项目加速落地，棕榈股份有望在城市更新领域开辟增量空间。 政策脉络清晰，重大项目注入新动能 我国城市更新战略正迎来密集政策催化期。2025年以来，高层定调持续加码：1月国常会提出"建立可持 续机制推动高质量发展"，5月中办、国办明确老旧小区、城中村等四大改造任务，7月中央城市工作会 议强调"绿色低碳城市建设"，8月国务院全体会议更将基建投资定位为"做强国内大循环关键抓手"。政 策矩阵下，全国城市更新投资规模维持数万亿级高位——住建部数据显示，近年城镇老旧小区改造数量 ...

格隆汇8月22日丨棕榈股份(002431.SZ)公布2025年半年度报告，上半年公司实现营业收入16.25亿元，同 比增长2.77%；归属于上市公司股东的净利润-2.73亿元；归属于上市公司股东的扣除非经常性损益的净 利润-3.03亿元；基本每股收益-0.15元。 ...