Market Overview - The engineering consulting services sector experienced a decline of 0.26% on August 29, with New City leading the drop [1] - The Shanghai Composite Index closed at 3857.93, up 0.37%, while the Shenzhen Component Index closed at 12696.15, up 0.99% [1] Stock Performance - Notable gainers in the engineering consulting services sector included: - Tongji Technology (600846) with a closing price of 11.21, up 10.01% and a trading volume of 716,900 shares, totaling 756 million yuan [1] - Matrix Co. (301365) closed at 19.26, up 3.60% with a trading volume of 135,900 shares, totaling 26.9 million yuan [1] - Conversely, New City (300778) saw a significant drop of 15.60%, closing at 15.20 with a trading volume of 356,200 shares, totaling 565 million yuan [2] Capital Flow - The engineering consulting services sector experienced a net outflow of 273 million yuan from institutional investors, while retail investors saw a net inflow of 125 million yuan [2] - The capital flow for specific stocks showed: - Tongji Technology had a net inflow of 43.11 million yuan from institutional investors, but a net outflow from retail investors [3] - Shenzhen Ruijie (300977) had a slight net outflow from institutional investors but a net inflow from retail investors [3]

Core Insights - In 2024, Chengdu and Chongqing are recognized as the leading cities in Western China, with Chengdu maintaining its position as the top new first-tier city and Chongqing ranking third [1][6] - The construction of the Chengdu-Chongqing economic circle has revitalized the development of Western China, creating a "one body, two cores, multiple points" structure that accelerates regional economic growth [3][6] - The GDP total and growth rates of the Chengdu-Chongqing region indicate significant economic strength, suggesting that if the two cities had remained unified, their economic power would be even more formidable [3][6] Economic Development - The rise of cities like Suzhou, Wuxi, and Dongguan provides new examples of urban development, successfully entering the second-tier city ranks and exerting pressure on traditional provincial capitals like Shenyang and Harbin [3][5] - The success of these second-tier cities is attributed not only to overall economic growth but also to advancements in new economies and high-tech industries [5][6] - Conversely, the absence of cities like Urumqi, Hohhot, and Yinchuan from the third-tier city rankings highlights a significant development gap compared to coastal regions, indicating a need for more policy support and resource investment [5][6] Urban Development Landscape - The overall urban development in China in 2024 is characterized by diversification, with Chengdu and Chongqing setting benchmarks for Western development and motivating other cities [6] - The emergence of second-tier cities and the relative lag of some third-tier cities underscore the ongoing challenges in China's urban development journey [6] - The ranking of cities includes first-tier cities like Shanghai, Beijing, Shenzhen, and Guangzhou, followed by new first-tier cities such as Chengdu and Chongqing, and a list of second-tier cities that reflects the evolving urban landscape [7]

Group 1 - The core viewpoint emphasizes the transition of China's economic development from traditional factors and investment-driven growth to innovation-driven growth, highlighting the necessity of building innovative cities for achieving high-quality development [1] - The historical context indicates that every industrial revolution has significantly influenced urban production and living patterns, leading to spatial adjustments and profound changes in urban planning [1] - The development of innovative cities is reshaping urban spatial growth and utilization logic, prompting a transformation in spatial planning practices [1] Group 2 - Spatial planning is recognized as a crucial component of national governance, serving as a public policy tool to actively regulate economic and social development rather than merely a rigid control mechanism [2] - There is a need to align urban innovative space planning with the actual market demands, as many cities still rely on traditional industrial park models, which do not adequately address the needs of innovative economies [2] - Understanding the universal mechanisms and rules governing the generation of urban innovative spaces is essential for effectively promoting the development of innovative cities [2] Group 3 - A flexible mindset in spatial control is necessary to adapt to the non-linear transitions in space usage driven by innovative economic development, moving away from rigid technical norms [3] - The concept of linking thinking is crucial in spatial organization, focusing on creating networks that facilitate open innovation collaboration among enterprises [3] - Spatial planning should intentionally address local innovation resource gaps and foster functional carriers that enhance innovation collaboration [3] Group 4 - The establishment of a home-oriented mindset in spatial construction is vital for attracting and retaining innovative talent, which is a key resource for driving innovation activities [4] - Creating appealing urban living spaces can effectively gather innovative talent and promote the development of an innovative economy [4] - The overall goal of spatial planning should be to meet the aspirations for a better life while aligning with the characteristics and needs of innovative populations [4]

Core Insights - The company aims to establish an integrated smart service system focusing on education, healthcare, and elderly care, addressing lifelong learning and health needs [1][2][3] Financial Performance - In the first half of the year, the company achieved revenue of 925 million yuan, gross profit of 398 million yuan, and adjusted net profit of 204 million yuan [1] Education Sector Developments - The company operates three applied undergraduate universities, with a total enrollment of nearly 58,000 students, reflecting a 1.8% increase compared to the same period in 2024 [1] - The education resource output business has upgraded its service system using large models and intelligent agents [1] Healthcare and Elderly Care Integration - The company has strategically expanded into the silver economy market, with significant growth in its healthcare services, including a 34% increase in inpatient and surgical volumes at its cardiovascular hospital [2] - The occupancy rate of the elderly care facility exceeded 88%, and the company has acquired a stake in Xikang Yunsh, enhancing its wellness tourism services [2] Smart Elderly Care Platform - The company has made notable progress in building a city-level smart elderly care platform, integrating various functions such as government regulation and research innovation [2] - The "Shengqing Kangyang" platform was launched in Shenyang, with a similar platform in Dalian entering internal testing [2] Future Business Strategy - The company plans to extend its business scenarios from physical to digital spaces, creating a network that integrates university campuses, training bases, and urban spaces [3] - The focus will be on talent development, service platforms, and the construction of integrated healthcare and elderly care campuses [3]

公募基金方面，本期较上一季度新披露的公募基金共计1个，即广发集瑞债券A。 2025年8月26日，新城市(300778.SZ)发布2025年半年度报告。截至2025年8月25日，共有7个机构投资者 披露持有新城市A股股份，合计持股量达1.22亿股，占新城市总股本的59.72%。其中，机构投资者包括 深圳市远思实业有限责任公司、东台市望远科技有限公司、深圳市远方实业有限责任公司、 BARCLAYS BANK PLC、UBS AG、MORGAN STANLEY & CO. INTERNATIONAL PLC.、广发集瑞债 券A，机构投资者合计持股比例达59.72%。相较于上一季度，机构持股比例合计上涨了0.99个百分点。 外资态度来看，本期较上一季度新披露的外资机构有 3 家 ，包括BARCLAYS BANK PLC、UBS AG、 MORGAN STANLEY & CO. INTERNATIONAL PLC.。 ...

Group 1 - The board of directors of Shenzhen New City Planning and Architectural Design Co., Ltd. held its 13th meeting of the 3rd board on August 25, 2025, with all 5 directors present [1][2] - The board unanimously approved the full text and summary of the 2025 semi-annual report, confirming that it accurately reflects the company's situation for the first half of 2025 without any false statements or omissions [1][2] - The board also approved the special report on the storage and use of raised funds for the first half of 2025, confirming compliance with relevant laws and regulations, and stating that there were no violations in the use of raised funds [2][3] Group 2 - The voting results for the semi-annual report and the special report on raised funds were both 5 votes in favor, with no votes against or abstentions [2][3] - The signed resolution of the 13th meeting of the 3rd board of directors is available for review [3]

会议由公司监事会主席孟丹女士主持。本次会议应出席监事 3 人，实际到会 监事 3 人。本次会议的召集、召开符合《中华人民共和国公司法》和《深圳市新 城市规划建筑设计股份有限公司章程》等有关规定。 二、监事会会议审议情况 经与会监事充分讨论，本次会议审议并通过了如下议案： 证券代码:300778 证券简称:新城市 公告编号:2025-042 深圳市新城市规划建筑设计股份有限公司 本公司及监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、误导性陈述或重大遗漏。 一、监事会会议召开情况 深圳市新城市规划建筑设计股份有限公司（以下简称"公司"）第三届监事会 第十二次会议于 2025 年 8 月 25 日下午 14:00 在深圳市龙岗区中心城清林中路 39 号新城市大厦 8 楼公司会议室召开，会议通知于 2025 年 8 月 15 日以电子邮件方 式送达全体监事。 （一）审议通过《关于公司<2025 年半年度报告>全文及摘要的议案》 经审议，监事会认为：董事会编制和审核的公司《2025 年半年度报告》全 文及摘要，内容真实、准确、完整地反映了公司 2025 年上半年度的实际情况， 不存在虚假记载、误导性 ...

证券日报网讯 8月25日晚间，新城市发布公告称，公司第三届监事会第十二次会议审议通过了《关于公 司全文及摘要的议案》等多项议案。 （文章来源：证券日报） ...

Company Overview - New City (SZ 300778) announced the convening of its third board meeting on August 25, 2025, to review the 2025 semi-annual report and related documents [1] - As of the report date, New City's market capitalization stands at 3.5 billion yuan [1] Revenue Composition - For the year 2024, New City's revenue composition is as follows: professional technical services account for 95.42%, while rental property services account for 4.58% [1]

Group 1 - The core viewpoint of the article highlights the financial performance of New City, which reported a significant decline in revenue and an increase in net loss for the first half of 2025 compared to the previous year [1] - New City reported an operating income of approximately 70.92 million yuan for the first half of 2025, a decrease of 39.73% year-on-year [1] - The net loss attributable to shareholders for the same period was approximately 12.26 million yuan, with a basic earnings per share loss of 0.0601 yuan [1] Group 2 - In comparison, for the first half of 2024, New City had an operating income of approximately 118 million yuan and a net loss of about 113 million yuan, with a basic earnings per share loss of 0.5545 yuan [1] - As of the report date, New City's market capitalization stood at 3.5 billion yuan [1]