Group 1 - The core point of the article is that Hangzhou Garden (SZ 300649) announced the postponement of its board of directors' re-election during its 16th meeting of the fifth board on December 10, 2025 [1] - For the first half of 2025, the revenue composition of Hangzhou Garden is as follows: landscape design business accounts for 92.69%, other business income accounts for 5.0%, and engineering general contracting business accounts for 2.32% [1] - As of the time of reporting, Hangzhou Garden has a market capitalization of 1.9 billion yuan [1]

Core Viewpoint - Hangzhou Garden has made progress in the overseas listing of Wanlin Shulian, having obtained the "Overseas Investment Project Filing Notice" and the "Overseas Investment Certificate" [2] Group 1 - The company is currently in the process of handling foreign exchange procedures related to the overseas listing [2]

Core Viewpoint - Hangzhou Garden (300649) reported that as of September 30, the number of shareholders reached 13,502 [1] Company Summary - The company actively engages with investors through interactive platforms, indicating a commitment to transparency and communication [1] - The increase in shareholder numbers may reflect growing investor interest and confidence in the company's performance [1]

Core Insights - Hangzhou Garden achieved significant growth in revenue and net profit for the first three quarters of 2025, with revenue reaching 95.87 million yuan and net profit of 7.04 million yuan, representing year-on-year increases of 142.43% and 121.50% respectively [1] - The company’s third-quarter performance was particularly strong, with revenue of 26.96 million yuan and net profit of 15.61 million yuan, showing year-on-year growth of 1218.56% and 1276.30% respectively [1] Company Strengths - Hangzhou Garden possesses a comprehensive high-level qualification system, which provides a significant competitive advantage in securing projects across various types and scales, from large comprehensive garden projects to specialized landscape designs [2] - The company is among the first in China to obtain the "Special Grade Qualification for Landscape Engineering Design," along with multiple other high-level qualifications, enhancing its ability to win quality project resources [2] Industry Trends - The recent Central Urban Work Conference highlighted a shift in urbanization from rapid growth to stable development, emphasizing a people-centered approach in urban construction, which aligns with the company's focus on enhancing urban living environments through landscape design [2] - The global tourism industry is projected to grow significantly, with international tourism spending expected to reach a record $2.1 trillion by 2025, and the Chinese tourism sector anticipated to contribute 13.7 trillion yuan to the national economy in the same year [4] Business Development - Hangzhou Garden has strategically positioned its cultural tourism business as a secondary core business, aiming to upgrade its business structure and cultivate new growth drivers [4] - The company made a strategic investment in Shanghai Xinzhi Source Information Technology Co., which operates in local life services and hotel management, enhancing its capabilities in the cultural tourism sector [5][6] - The establishment of the "Huai Xi Hotel" brand and the integration of local service capabilities are expected to create a closed-loop ecosystem for the cultural tourism business, driving its scalable development [6] Future Outlook - The company is well-positioned to benefit from the urban construction quality improvement trend and the potential of the cultural tourism market, leveraging synergies between its core design business and cultural tourism initiatives to expand market boundaries and enhance profitability [6]

Core Viewpoint - Hangzhou Garden (300649.SZ) reported its Q3 2025 results, indicating a slight decrease in institutional ownership compared to the previous quarter [1] Institutional Ownership - As of October 28, 2025, two institutional investors disclosed holdings in Hangzhou Garden A-shares, totaling 15.4571 million shares, which represents 11.67% of the total share capital [1] - The institutional ownership percentage decreased by 0.06 percentage points compared to the previous quarter [1] Public Fund Holdings - In this reporting period, eight public funds were not disclosed compared to the previous quarter, including funds such as Xinhua Small and Medium-sized Value Selection Mixed Fund and several others from China Europe [1]

Core Insights - The company reported a significant decline in revenue for Q3 2025, amounting to 26,961,845.57 yuan, which represents a year-on-year decrease of 42.30% [2] - Despite the drop in revenue, the net profit attributable to shareholders saw a remarkable increase of 1218.56%, reaching 15,606,425.70 yuan [2] Financial Performance - Revenue for Q3 2025: 26,961,845.57 yuan, down 42.30% year-on-year [2] - Net profit for Q3 2025: 15,606,425.70 yuan, up 1218.56% year-on-year [2]

Core Viewpoint - Hangzhou Garden (300649.SZ) reported a significant decline in revenue for the first three quarters of 2025, while net profit showed substantial growth compared to the previous year [1] Financial Performance - The company's operating revenue for the first three quarters was 95.8714 million yuan, a year-on-year decrease of 36.63% [1] - Net profit attributable to shareholders was 7.0393 million yuan, reflecting a year-on-year increase of 142.43% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 4.1695 million yuan, up 121.50% year-on-year [1] - Basic earnings per share were reported at 0.05 yuan [1]

Group 1 - Company reported Q3 performance with revenue of approximately 95.87 million yuan, a year-on-year decrease of 36.63% [1] - Net profit attributable to shareholders was approximately 7.04 million yuan, a year-on-year increase of 142.43% [1] - Basic earnings per share increased to 0.05 yuan, a year-on-year increase of 138.46% [1] Group 2 - As of the report, the market capitalization of the company is 2.2 billion yuan [2]

证券代码：300649 证券简称：杭州园林 公告编号：2025-021 二、监事会会议审议情况 会议由公司监事会主席吴新先生主持，与会监事经过讨论，审议并通过如下 议案： 1、审议通过了关于《公司 2025 年第三季度报告》的议案。 监事会对董事会编制的公司《2025 年第三季度报告》进行了认真严格的审 核，并发表如下审核意见：公司《2025 年第三季度报告》的内容真实、准确、 完整地反映了公司 2025 年前三季度经营的实际情况，不存在任何虚假记载、误 导性陈述或者重大遗漏，报告编制和审核的程序符合法律、行政法规和中国证监 会的规定。 具体内容详见公司同日刊登在巨潮资讯网（www.cninfo.com.cn）上的《2025 年第三季度报告》（公告编号：2025-021）。 杭州园林设计院股份有限公司 第五届监事会第十四次会议决议公告 本公司及监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。 一、监事会会议召开情况 杭州园林设计院股份有限公司（以下简称"公司"）第五届监事会第十四次 会议于 2025 年 10 月 22 日以电话、电子邮件等方式送达各位监事，会议于 20 ...

一、董事会会议召开情况 证券代码：300649 证券简称：杭州园林 公告编号：2025-021 杭州园林设计院股份有限公司 第五届董事会第十五次会议决议公告 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。 具体内容详见公司同日刊登在巨潮资讯网（www.cninfo.com.cn）上的《2025 年第三季度报告》（公告编号：2025-021）。 表决结果：9 票同意、0 票反对、0 票弃权。同意票数占总票数的 100%。 三、备查文件 1、公司第五届董事会第十五次会议决议； 1 2、公司 2025 年第三季度报告。 特此公告。 杭州园林设计院股份有限公司（以下简称"公司"）第五届董事会第十五次 会议于 2025 年 10 月 22 日以电话、电子邮件等方式通知全体董事，于 2025 年 10 月 28 日上午 9:30 以现场会议加通讯方式在公司会议室召开。本次会议由公司 董事长吕明华先生召集和主持，应出席董事（含独立董事）9 人，实际出席董事 9 人，公司全体监事和高级管理人员列席了本次会议。本次会议出席人数、召开 程序、议事内容均符合《公司法》和《公司章程》 ...