Core Viewpoint - Shenzhen Property Development (Group) Co., Ltd. has received a no-objection letter from the Shenzhen Stock Exchange regarding its non-public issuance of corporate bonds totaling up to 1.2 billion yuan [1] Group 1: Bond Issuance - The company plans to issue corporate bonds not exceeding 1.2 billion yuan aimed at professional investors [1] - The Shenzhen Stock Exchange has confirmed that the bond issuance meets the conditions for listing and transfer [1] - The company will proceed with the necessary procedures for bond listing and transfer in accordance with relevant laws and regulations [1]

SHENZHEN PROPERTIES & RESOURCES DEVELOPMENT (GROUP) LTD. Semiannual financial report 2025 [August 2025] 1 I. Audit report Whether the semi-annual report has been audited □Yes No The Company's semi-annual financial report has not been audited. II. Financial statements The unit in the notes to the financial statements is: RMB 1. Consolidated balance sheet Prepared by: Shenzhen Properties & Resources Development (Group) Ltd. June 30, 2025 Unit: RMB | Item | Ending balance | Beginning balance | | --- | --- | -- ...

Group 1 - As of August 11, 38 stocks have a 5-day trading volume ratio exceeding 5 times [1] - Shenzhen Properties B has a 5-day trading volume ratio of 11.97 times [1] - Iceberg B, Gui Faxiang, and Qingsong Jianhua all have 5-day trading volume ratios exceeding 8 times [1]

等有关规定，其辞职报告自送达监事会之日起生效。 证券代码：000011 200011 股票简称：深物业 A 深物业 B 编号：2025-43 号 本公司及监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。 深圳市物业发展（集团）股份有限公司（以下简称"公司"）监 事会于近日收到公司监事会主席马洪涛先生的书面辞职报告。马洪涛 先生因工作调动原因，申请辞去公司监事会主席、监事职务。辞职后， 马洪涛先生将不再担任本公司任何职务。根据《公司法》 《公司章程》 特此公告。 深圳市物业发展（集团）股份有限公司 马洪涛先生的辞任未导致公司监事会成员低于法定最低人数，不 会影响公司监事会正常运作，亦不会对日常经营管理产生重大影响。 截至目前，马洪涛先生未直接或间接持有公司股份，不存在应当 履行而未履行的承诺事项。马洪涛先生在担任公司监事会主席期间认 真履行工作职责，恪尽职守，勤勉尽责，为公司发展作出了积极贡献。 公司监事会对马洪涛先生在任期内的工作表示衷心感谢！ 监事会 ...

深圳市物业发展（集团）股份有限公司 证券代码：000011 200011 股票简称：深物业 A 深物业 B 编号：2025-38 号 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、误导性陈述或者重大遗漏。 特别提示： 一、会议召开和出席情况 （一）会议召开情况 现场会议：2025 年 7 月 23 日（周三）下午 14:30。 网络投票： 通过深圳证券交易所交易系统进行网络投票的 时间为 2025 年 7 月 23 日上午 9：15-9：25，9：30-11：30 和 下午 1：00-3：00；通过深圳证券交易所互联网投票系统投 票的时间为 2025 年 7 月 23 日上午 9:15 至下午 3：00 期间的 任意时间。 会议室。 （www.cninfo.com.cn）上刊登了《关于召开 2025 年第三次临时股 东会的通知》。 次股东会出具了《法律意见书》，本次会议的召开符合《公司法》、 《股票上市规则》及《公司章程》等法律、规范及规范性文件的规 定。 （二）会议出席情况 出席本次会议的股东（代理人）130 人、代表股份数 出席现场会议的 A 股股东（代理人）共 3 人，代表股 ...

Group 1 - The article discusses the recent management turmoil at Shenzhen Property A (深物业 A), highlighting the resignation of Vice General Manager Chen Hongji due to alleged job-related violations [3][4][6] - Chen Hongji's departure is part of a broader trend of high-level resignations within the company, including the chairman and other board members, raising concerns about stability in a state-owned enterprise [3][4][5] - The company has faced ongoing scrutiny regarding potential fund misappropriation and high guarantees involving related parties, which has led to regulatory inquiries [9][10] Group 2 - Shenzhen Property A has a long history, established in 1982, and is currently controlled by Shenzhen Investment Holdings Co., Ltd., a state-owned entity [5][6] - The company reported a significant decline in financial performance, with a revenue of 2.734 billion yuan in 2024, down 7.79% year-on-year, and a net loss of 1.115 billion yuan, a staggering drop of 340.24% [12] - The company's high debt levels are concerning, with a debt-to-asset ratio of 79.81% and negative cash flow from operating activities for three consecutive years, indicating increasing financial pressure [12][13]

Financial Performance - The company's operating revenue for the first half of 2024 was CNY 856,028,445.25, a decrease of 55.08% compared to CNY 1,905,464,632.85 in the same period last year[11]. - Net profit attributable to shareholders was CNY 9,212,457.81, down 95.83% from CNY 220,903,444.63 year-on-year[11]. - The net cash flow from operating activities was negative CNY 736,827,101.44, worsening by 27.03% compared to negative CNY 580,021,658.15 in the previous year[11]. - Basic earnings per share decreased to CNY 0.0155, a decline of 95.82% from CNY 0.3707 in the same period last year[11]. - The company reported a total loss of 526,570.16 thousand yuan for the first half of 2024[14]. - The company achieved approximately CNY 860 million in revenue and a total profit of about CNY 6.18 million during the reporting period[21]. - The company reported a significant reduction in tax expenses, down 93.83% to ¥4,860,162.97 from ¥78,819,275.76, due to a decrease in total profit[30]. - The company reported a total profit for the first half of 2024 was CNY 6,181,802.43, compared to CNY 293,465,531.81 in the previous year, indicating a substantial decline[99]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 16,658,662,273.55, a decrease of 1.94% from CNY 16,988,062,068.09 at the end of the previous year[11]. - Net assets attributable to shareholders decreased to CNY 4,485,266,996.47, down 3.79% from CNY 4,661,810,328.75 at the end of the previous year[11]. - The company reported a total financing balance of CNY 5,277,933,890.22, with an average financing cost of 4%-6%[26]. - The company has a total of 4,878,133,890.22 in bank loans, with a significant portion due within one year[26]. - The company reported a significant increase in current liabilities, with liabilities due within one year rising to ¥3,457,663,129.19, accounting for 20.76% of total liabilities, up from 18.20% last year, an increase of 2.56% due to increased long-term borrowings maturing within one year[36]. - Total liabilities decreased from CNY 12,284,337,032.28 to CNY 12,139,616,388.37, a reduction of approximately 1.18%[94]. Business Strategy and Operations - The company aims to enhance its urban space development by optimizing existing assets and increasing capital operations, focusing on urban complex development[16]. - The company is expanding its rental business capabilities and shifting focus towards technology parks, aiming to provide comprehensive services across the entire value chain[18]. - The company is actively exploring customer needs and enhancing marketing measures to promote project sales during market opportunities[21]. - The company plans to focus on four main business areas: urban space development, property management services, industrial ecological operations, and core ecological investments[27]. - The company is adapting to market changes and customer demands by enhancing its management and technological capabilities[21]. - The company is actively pursuing market expansion and integration of urban development projects, such as the ShenYang Smart City and Lanhu Times Industrial Park[29]. Property Management and Development - The property management segment managed a total area exceeding 42 million square meters, positioning it among the top tier of domestic industrial park management[17]. - The property management segment accounted for 90.13% of total revenue, generating ¥771,525,962.31, while real estate revenue plummeted by 98.69% to ¥13,841,686.40[32]. - The company is expanding its value-added services in property management, including pilot operations for "community stores" and developing cultural and creative products[21]. - The company has a diverse portfolio including residential, high-end apartments, office buildings, and industrial parks, with notable projects like Guomao Commercial Building and Qianhai Port[16]. - The company has ongoing projects such as the "Yutang Shangfu" and "Binhai Port Garden," with significant investment amounts of CNY 265.87 million and CNY 321.76 million respectively[23]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[2]. - The company did not distribute cash dividends or issue new shares from capital reserves for the first half of 2024[51]. - The annual shareholders' meeting had a participation rate of 60.52%, approving key reports and financial plans for 2024[50]. - The company received notification of a change in equity from its controlling shareholder, increasing the total shares held from 339,452,527 to 341,182,827, representing 57.247% of the total share capital[75]. - The largest shareholder, Shenzhen Investment Holdings, holds 50.87% of the shares, totaling 303,144,937 shares[82]. Compliance and Governance - The company has not faced any significant environmental violations or penalties during the reporting period, emphasizing its commitment to environmental protection[52]. - The company has not reported any non-operating fund occupation by major shareholders or related parties during the reporting period[55]. - The company’s financial report was approved by the board on August 27, 2024, ensuring compliance with disclosure requirements[121]. - The company has not identified any significant doubts regarding its ability to continue as a going concern for the next 12 months[122]. Taxation and Incentives - The company is subject to various tax rates, including a corporate income tax rate of 25%, 20%, 15%, and 16.5% depending on the taxable entity[197]. - The company is leveraging tax incentives to enhance profitability and support growth initiatives[199].

Financial Performance - The company's operating revenue for 2023 was CNY 2,965,117,025, representing a decrease of 20.05% compared to CNY 3,708,669,046 in 2022[20]. - The net profit attributable to shareholders for 2023 was CNY 464,014,492.11, down 13.64% from CNY 537,664,698.69 in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 172,360,115.90, a significant decrease of 144.19% compared to CNY 390,440,612.64 in 2022[20]. - The company's operating cash flow was negative at -264,092,984.33 CNY, a decrease of 350.96% compared to the previous year[21]. - Basic and diluted earnings per share decreased by 13.63% to 0.7786 CNY from 0.9022 CNY in the previous year[21]. - The weighted average return on equity was 10.26%, down from 12.37% in the previous year, reflecting a decline of 2.10%[21]. - The company reported a significant drop in net profit after deducting non-recurring gains and losses, with a net profit of -404,449,220.68 CNY in the fourth quarter[27]. - The company recognized non-recurring gains of 636,374,608.01 CNY in 2023, compared to 147,224,086.05 CNY in 2022, primarily from government subsidies and asset disposals[30]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of CNY 3.12 per 10 shares (including tax) based on a total of 595,979,092 shares[3]. - The total distributable profit for the period was 1,495,323,958.98 CNY, indicating a strong profitability position[169]. - The cash dividend distribution plan was approved in the second extraordinary general meeting of shareholders held on December 28, 2023[168]. Real Estate Market Challenges - The real estate market faced challenges, with a reported 8.5% decrease in sales area and a 6.5% decline in sales revenue for the year[34]. - In 2023, the total investment in real estate development reached CNY 1,109.13 billion, a decrease of 9.6% compared to the previous year[35]. - The new construction area for residential buildings in 2023 was 95,376 million square meters, down 20.4% year-on-year[35]. - The total amount of residential land supply in 300 cities decreased by 22.4% to 610 million square meters, while the total transaction area fell by 23.1% to 480 million square meters, marking the lowest level in nearly a decade[36]. - The total transaction amount for land nationwide was CNY 37,504 billion, down 18% year-on-year, with an average premium rate of only 4.5%[36]. - The total funds available for real estate development enterprises in 2023 was CNY 1,274.59 billion, a decrease of 13.6% compared to the previous year[37]. - The personal mortgage loans amounted to CNY 1.9 trillion, reflecting a year-on-year decline of 7.6%[37]. Company Strategy and Operations - The company aims to accelerate cash flow and control expenditure to ensure stable operations amid market uncertainties[43]. - The company is focusing on policy adjustments to stabilize the real estate market, including measures to support home purchases[34]. - The company is actively pursuing project pre-sales and tail-end referrals to adapt to market changes and ensure the achievement of annual operational targets[52]. - The company aims to enhance the value management of existing assets and improve operational services in response to the ongoing challenges in the traditional real estate market[67]. - The company plans to focus on four main business areas: urban space development, property management services, industrial ecosystem operations, and core business ecological investment for high-quality development in 2024[67]. Corporate Governance and Compliance - The company has a complete and independent governance structure, ensuring compliance with relevant laws and regulations[129]. - The company maintains financial independence from its controlling shareholder, with independent financial management and decision-making processes[131]. - The company has implemented a series of internal control systems to ensure accurate and timely information disclosure[130]. - The company has established a comprehensive risk management and internal control system, with 120 employees trained in compliance management[172]. - The company has conducted self-inspections on corporate governance to identify and rectify operational deficiencies[130]. Employee and Social Responsibility - The total number of employees at the end of the reporting period is 8,817, with 98 in the parent company and 8,719 in major subsidiaries[163][164]. - The company provided 221 job positions and hired a total of 1,369 individuals in 2023, including 18 fresh graduates, 34 veterans, and 4 disabled individuals, demonstrating a commitment to social responsibility and workforce diversity[183]. - The company organized a public blood donation campaign with 730 participants, resulting in 560 successful donations totaling 190,700 ml, showcasing its dedication to community service[186]. - The company donated CNY 5,000 to the Longhua District Federation of Trade Unions to support vulnerable workers and promote charitable initiatives[187]. Environmental Compliance - The company has not faced any significant environmental violations or administrative penalties during the reporting period, indicating strong compliance with environmental regulations[181]. - The company actively implemented pollution prevention measures in its construction projects, ensuring adherence to environmental impact assessments and pollution control standards[181]. - The company established a pollution prevention management framework for its projects, emphasizing the importance of environmental protection and compliance with regulations[181]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[142]. - The company plans to expand its market presence by entering two new cities in the next year, aiming to increase its market share by 5%[144]. - The company is considering strategic acquisitions to enhance its market position, with a budget of 300 million yuan earmarked for potential deals[149].

Financial Performance - The company's operating revenue for the first half of 2023 was CNY 1,905,464,632.85, a decrease of 4.17% compared to CNY 1,988,299,840.24 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was CNY 220,903,444.63, down 11.92% from CNY 250,802,157.71 year-on-year[17]. - The net cash flow from operating activities was negative at CNY -580,021,658.15, representing a decline of 46.47% compared to CNY -395,994,231.09 in the previous year[17]. - Basic earnings per share decreased to CNY 0.3707, down 11.91% from CNY 0.4208 in the same period last year[17]. - Total assets at the end of the reporting period were CNY 15,499,537,209.75, a decrease of 1.90% from CNY 15,800,287,610.40 at the end of the previous year[17]. - The weighted average return on equity was 4.92%, down from 5.40% in the previous year[17]. - The net profit after deducting non-recurring gains and losses was CNY 220,844,711.14, a decrease of 13.95% from CNY 256,650,611.05 year-on-year[17]. - The company achieved a total revenue of approximately 1.9 billion yuan, with a profit of about 290 million yuan, while effectively controlling other expenses and salaries[36]. - The company reported a total construction area of 1,000,000 square meters across various projects, with a completion rate of 100% for several key developments[41]. - The total profit for the first half of 2023 was CNY 293,465,531.81, compared to CNY 333,956,232.49 in the same period last year, marking a decrease of about 12.1%[145]. Revenue Breakdown - Revenue from the real estate sector was CNY 1,053,881,874.68, accounting for 55.31% of total revenue, down 8.85% year-on-year[54]. - Property management revenue was CNY 773,181,325.02, representing 40.58% of total revenue, with a slight decrease of 0.66% compared to the previous year[54]. - The real estate segment generated approximately 1.05 billion yuan in revenue, accounting for 55% of total revenue, with significant project completions contributing to this figure[36]. - The property management segment reported revenue of about 770 million yuan, representing 41% of total revenue, with 21 new projects added during the period[37]. - The rental operation business generated approximately 80 million yuan, making up 4% of total revenue, as the company transitions to a commercial operation model[38]. Asset Management - The company has a total land reserve of 175,700 square meters, with 42,500 square meters available for development[39]. - The total assets included CNY 10,848,296,900.64 in inventory, which accounted for 69.99% of total assets, showing a slight increase from 69.46%[61]. - Long-term borrowings rose to CNY 4,172,450,268.17, representing 26.92% of total liabilities, an increase attributed to additional bank loans[61]. - The company's total equity stood at CNY 4,467,823,071.85, slightly down from CNY 4,468,811,070.43, a decrease of 0.02%[138]. - The company's total assets at the end of the first half of 2023 were 3,018 million yuan, reflecting a stable asset base compared to the previous year[170]. Strategic Initiatives - The company plans to supply 80,000 units of affordable housing in Shenzhen in 2023, with a total construction area of approximately 4.19 million square meters[32]. - The company is actively pursuing land acquisition and project development in both local and external markets to enhance its urban space development capabilities[27]. - The company aims to expand its land reserves through market competition and capital operations, focusing on the Guangdong-Hong Kong-Macao Greater Bay Area and the Yangtze River Delta[47]. - The company is focusing on optimizing existing assets and expanding its rental business, with plans to enhance its capabilities in property leasing[29]. - The company is committed to maintaining a coordinated development model that achieves greater synergy across its various business segments[28]. Challenges and Market Conditions - The company is facing challenges in the real estate market due to policies like "housing is for living, not for speculation," leading to a decrease in industry profits and increased competition[76]. - The property management industry is experiencing a slowdown in management scale growth, necessitating improvements in smart technology and community services[35]. - The company has identified risks related to land reserve shortages and is actively seeking to increase its land holdings through market competition and capital operations[77]. - The company is committed to sustainable development and improving operational efficiency amidst a challenging market environment[76]. Financial Management - The company has established a multi-level incentive mechanism, including follow-up investment and long-term incentives, to enhance market competitiveness[48]. - The company plans to further control financial risks and explore various financing channels for project development[78]. - The company reported a significant increase in financing cash flow, totaling CNY 449,035,955.58, up 196.25% from CNY 151,572,890.35 in the same period last year[55]. - The company has provided mortgage guarantees for homebuyers, with a total guarantee balance of CNY 63,292,452.99 as of June 30, 2023[45]. - The company is exploring potential mergers and acquisitions to enhance its market position and growth prospects[163]. Corporate Governance - The annual shareholders' meeting on May 19, 2023, had a participation rate of 60.01%[81]. - The company will not distribute cash dividends or issue bonus shares for the half-year period[83]. - The company has not reported any significant changes in its accounting policies or financial reporting standards during the reporting period[18]. - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[94]. - The company has not reported any major guarantees during the reporting period[114]. Legal and Compliance - There were no major litigation or arbitration matters reported during the period[98]. - The company is involved in a legal dispute with Shenzhen Qitian Sunshine Hotel Management Co., which resulted in a court ruling requiring the company to pay 1,050,913.6 yuan in rental compensation[99]. - The company has initiated arbitration against Xin Hai Rong Yao Company for investment loss compensation at an annual interest rate of 11% on the invested amount[99]. - The company reported a related party transaction amounting to 33.77 million yuan for property management services, representing 4.37% of the total similar transactions[102]. - The company maintains that the impact of related party debts on its financial results is within acceptable risk control limits[107].

证券代码：000011 200011 股票简称：深物业 A 深物业 B 编号：2023-18 号 深圳市物业发展（集团）股份有限公司 表决结果：5 票同意，0 票反对，0 票弃权。 （二）审议通过《关于公司扬州瘦西湖生态健康谷项目（GZ342、 GZ399 地块）后续开发的议案》。 监事会决议公告 本公司及监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、监事会会议召开情况 深圳市物业发展（集团）股份有限公司第十届监事会第 15 次会 议于 2023 年 8 月 25 日上午以通讯表决的方式召开，会议通知及文件 于 2023 年 8 月 15 日以网络方式送达各监事。会议由监事会主席马洪 涛主持，会议应到监事 5 人，实到监事 5 人。会议召集和召开程序符 合《公司法》、深圳证券交易所《股票上市规则》、本公司《章程》、 《监事会议事规则》的有关规定。 二、监事会会议审核情况 （一）审议通过公司《2023 年半年度报告及其摘要》。 监事会认为：公司编制的 2023 年半年度报告及其摘要程序符合 法律、行政法规和中国证监会的规定，报告内容真实、准确、完整地 反映了公司的 ...