BLACK PEONY(SH:600510) Shang Hai Zheng Quan Bao·2025-10-15 20:00Group 1 - The core viewpoint of the announcement is the disclosure of the real estate operating conditions of Heimu Dan (Group) Co., Ltd. for the third quarter of 2025, highlighting the lack of significant changes in project reserves and construction activities [1][2] - As of the end of Q3 2025, the company has 168,800 square meters of undeveloped land, with a maximum construction area of 416,000 square meters [1] - No new projects were started in Q3 2025, but the company completed 167,800 square meters of construction during the same period [1] Group 2 - In Q3 2025, the company achieved a signed area of 26,700 square meters, a year-on-year decrease of 27.84%, while the signed amount reached RMB 367.98 million, an increase of 79.16% [2] - The rental area as of September 30, 2025, was 197,600 square meters, generating rental income of RMB 10.03 million in Q3 2025 [2] Group 3 - The company provided guarantees for its subsidiaries, totaling RMB 37 million in new contracts signed between August and September 2025 [6][7] - The guarantees include a maximum of RMB 24 million for Heimu Dan Construction, RMB 7 million for Heimu Dan Textile, and RMB 6 million for Dahui Construction, all with a guarantee period of three years [6][7][17] - The total amount of external guarantees provided by the company and its subsidiaries is RMB 392.93 million, accounting for 37.89% of the latest audited net assets [18]