证券日报网讯东鹏控股11月26日在互动平台回答投资者提问时表示，公司在各期定期报告中披露对应时 点的股东人数信息。 （文章来源：证券日报） ...

Summary of Conference Call on Real Estate and Related Industries Industry Overview - The conference call primarily discusses the real estate industry and its related sectors, particularly focusing on the current economic pressures and the need for policy interventions to stabilize the market [1][5][4]. Key Points and Arguments 1. **Economic Downturn**: There is increasing downward pressure on the macro economy in Q4, with weak real estate data indicating a decline in both sales area and amount year-on-year and month-on-month. Housing prices are accelerating downward, necessitating intervention through stable real estate policies [1][3][4]. 2. **Policy Intervention**: The current timing is deemed appropriate for the introduction of new real estate policies to alleviate pressures on banks' net interest margins and mortgage delinquency rates. High-quality leading real estate companies are already showing upward momentum, suggesting a high credibility of policy rumors [1][5]. 3. **Investment Value**: The real estate and its industrial chain are considered to be at a long-term bottom with a favorable chip structure. In a declining risk appetite environment, these sectors possess investment value, particularly benefiting from demand-side policies like loan interest subsidies [1][6]. 4. **Building Materials Sector**: The building materials industry is not uniform; segments such as cement are showing profit improvements, while coatings have been recovering for nearly a year. Waterproof materials are also showing signs of improvement, indicating potential investment opportunities [1][8]. 5. **Government Policies**: Local governments are actively introducing policies for quality housing construction, raising standards for green building materials and waterproof materials. The waterproof materials price index has bottomed out, signaling an industry clearing phase where leading companies have begun to raise prices [1][9]. Additional Insights 1. **Market Sentiment**: Despite a generally low market sentiment, the real estate and building materials sectors are performing relatively well, driven by rumors of three key policy points: interest subsidies for new personal housing loans, increased personal income tax deductions for mortgage borrowers, and reduced housing transaction taxes [2]. 2. **Sales Data**: In October, sales area decreased by 19% year-on-year and 8% month-on-month, while sales amount fell by 24% year-on-year and 13% month-on-month. The average selling price has dropped by 6.9% this year, with a month-on-month decline of 5.4% in October [3][4]. 3. **Future Opportunities**: There are potential opportunities for mergers and acquisitions in the building materials and real estate sectors due to increased fiscal pressure on local governments, which may lead to higher government asset securitization ratios. Companies with state-owned backgrounds, such as Donghu Gaoxin and Gaoxin Development, are highlighted as potential beneficiaries [3][13]. Noteworthy Companies and Performance 1. **Oriental Yuhong**: The company reported a positive revenue growth in Q3, with improving gross margins and net profits. It has also reduced management costs through layoffs and is expanding into new business areas and overseas production [10]. 2. **North New Materials**: This company is noted for its low valuation (approximately 10 times earnings), a dividend yield of about 3%, and significant cash reserves for capital expenditures. Expected performance for the year is around 3.6 billion yuan, with revenue between 33-35 billion yuan [10]. 3. **Three Trees**: The coatings sector, represented by Three Trees, has shown continuous performance improvement, with stock prices doubling over the past year due to cost reductions enhancing gross margins [11]. Sector-Specific Trends 1. **Tile Industry**: Although currently less favorable, companies like Dongpeng Holdings are expected to benefit from market recovery due to pre-allocated channel expenses that could convert into profits when the market rebounds [12]. 2. **Investment Recommendations**: The focus should be on leading companies in waterproofing, coatings, and board materials, as these sectors are showing signs of recovery and potential growth [12].

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：003012 证券简称：东鹏控股 公告编号:2025-082 广东东鹏控股股份有限公司 关于股份回购完成暨股份变动的公告 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。 广东东鹏控股股份有限公司（以下简称"公司"）于2024年11月18日召开第五届董事会第十三次会议，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》，公司拟使用自有资金及回购专项贷款 以集中竞价交易方式回购公司股份，回购总金额不低于人民币10,000万元（含）且不超过20,000万元 （含），回购价格不超过9.08元/股。具体情况详见公司于2024年11月19日披露的《关于以集中竞价交易 方式回购公司股份方案暨取得回购专项贷款承诺函的公告》（公告编号：2024-093）。 截至2025年11月18日，公司本次股份回购方案已实施完成。根据《深圳证券交易所上市公司自律监管指 引第9号一一回购股份》等相关规定，现将公司本次回购实施结果公告如下： 一、回购公司股份实施和完成情况 1、根据《深圳证券交易所上市公司自律监管指引第9号一一 ...

Group 1 - The core point of the article is that Dongpeng Holdings has completed its share repurchase plan, acquiring approximately 17.33 million shares, which is 1.5% of the total share capital, with a total expenditure of about 107 million RMB [1] - The share repurchase occurred between January 23, 2025, and October 28, 2025, with the lowest transaction price at 5.65 RMB per share and the highest at 7.45 RMB per share [1] - As of the first half of 2025, Dongpeng Holdings' revenue composition is as follows: tiles account for 84.69%, sanitary ware for 12.67%, and others for 2.63% [1] Group 2 - As of the report, Dongpeng Holdings has a market capitalization of 8 billion RMB [2]

Group 1 - The company has completed its share repurchase plan, acquiring a total of 17.33 million shares, which represents 1.50% of the company's current total share capital [1] - The total amount spent on the share repurchase is approximately RMB 107 million, excluding transaction fees [1]

Group 1 - The company has completed its share repurchase plan, acquiring a total of 17.33 million shares, which represents 1.50% of the company's current total share capital [1] - The total amount spent on the share repurchase is approximately RMB 107 million, excluding transaction fees [1]

Core Viewpoint - Dongpeng Holdings (003012.SZ) has completed its share repurchase plan, acquiring a total of 17.33 million shares, which represents 1.50% of the company's total share capital [1] Summary by Categories Share Repurchase Details - The company executed the share repurchase through a special securities account via centralized bidding transactions [1] - The lowest transaction price was 5.65 CNY per share, while the highest was 7.45 CNY per share [1] - The total amount spent on the repurchase was 107 million CNY (excluding transaction fees) [1] - The actual repurchase period was from January 23, 2025, to October 28, 2025 [1]

证券代码：003012 证券简称：东鹏控股 公告编号:2025-082 广东东鹏控股股份有限公司 关于股份回购完成暨股份变动的公告 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。 广东东鹏控股股份有限公司（以下简称"公司"）于2024年11月18日召开第 五届董事会第十三次会议，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》，公司拟使用自有资金及回购专项贷款以集中竞价交易方式回购公 司股份，回购总金额不低于人民币10,000万元（含）且不超过20,000万元（含）， 回购价格不超过9.08元/股。具体情况详见公司于2024年11月19日披露的《关于 以集中竞价交易方式回购公司股份方案暨取得回购专项贷款承诺函的公告》（公 告编号：2024-093）。 截至2025年11月18日，公司本次股份回购方案已实施完成。根据《深圳证券 交易所上市公司自律监管指引第9号——回购股份》等相关规定，现将公司本次 回购实施结果公告如下： 一、回购公司股份实施和完成情况 1、根据《深圳证券交易所上市公司自律监管指引第9号——回购股份》的相 关规定，公司在回购期间披露的 ...

Core Viewpoint - Dongpeng Holdings announced a plan to repurchase shares worth 100 to 200 million yuan at a price not exceeding 9.08 yuan per share, indicating a strategic move to enhance shareholder value and support employee incentive programs [1] Summary by Sections - **Share Repurchase Plan** - The company intends to repurchase shares amounting to 100 to 200 million yuan [1] - The maximum repurchase price is set at 9.08 yuan per share [1] - **Completion and Details of Repurchase** - As of November 18, 2025, the company completed the repurchase of 17.33 million shares, which represents 1.50% of the total share capital [1] - The total transaction amount for the repurchase reached 107 million yuan, excluding fees [1] - The repurchase period is from January 23, 2025, to October 28, 2025 [1] - **Funding and Purpose** - The funds for the repurchase will come from the company's own funds and special loans, complying with regulations [1] - The repurchased shares will be used for employee stock ownership plans or equity incentives; any unallocated shares will be canceled if not implemented as planned [1]

Group 1 - The report highlights a strong recovery in the cement and fiberglass sectors, with unique performance from various consumer building materials stocks driven by anti-involution, specialty fabrics, and overseas expansion [3][11]. - In 2026, the outlook for the building materials industry includes accelerated overseas expansion, benefiting companies that have adjusted their channel, product, and sales structures over the past four years [3][11]. - The report identifies key companies to watch, including Huaxin Cement, Keda Manufacturing, and Western Cement, which are positioned well for overseas growth [3][17]. Group 2 - The building materials sector outperformed the CSI 300 index with a cumulative increase of 22.35% from the beginning of 2025 to November 14, 2025, driven by high demand for specialty fiberglass and other catalysts [8][11]. - The report notes that the cement and fiberglass sectors have achieved profit recovery, with the fiberglass sector showing significant revenue growth [11][17]. - The report emphasizes the importance of overseas markets, particularly in Africa, where population growth and urbanization present substantial opportunities for building materials companies [27][35]. Group 3 - The report discusses the transformation of distribution channels in the consumer building materials sector, highlighting companies like Sanhe Tree and Dongpeng Holdings that have successfully adapted to market changes [3][17]. - The consumer building materials segment is expected to benefit from a recovery in domestic demand, with companies like China Liansu and Beixin Building Materials showing potential for growth [3][11]. - The report indicates that the fiberglass sector is experiencing stable profit improvements, with companies like China Jushi and China National Building Material expected to perform well [3][17]. Group 4 - The report outlines the significant growth potential in the fiberglass market, with expectations for continued high demand for specialty fabrics [3][17]. - The report highlights the competitive advantage of Chinese companies in the global market, particularly in cement production, where China accounts for 47% of global output [34][35]. - The report emphasizes the importance of overseas expansion for companies like Huaxin Cement and Keda Manufacturing, which are actively increasing their production capacities in emerging markets [42][54].