Core Viewpoint - Nanjing Pharmaceutical (600713) plans to lease a property located at 27 Yanling Lane, Qinhuai District, Nanjing through a public listing, with an estimated first-year rental value of 7.1155 million yuan based on the assessment date [1] Summary by Relevant Sections - **Property Details** - The total area of the property is 13,325.11 square meters [1] - The lease term is set for 13 years (156 months), with a 6-month rent-free period [1] - **Financial Projections** - Rent will be paid quarterly, with the rental price remaining unchanged for the first three years [1] - Starting from the fourth year, the rent will increase by 5% every three years based on the previous year's rent [1] - The total expected rental income over the 13-year lease period is approximately 97.0973 million yuan [1] - **Transaction Process** - The final transaction price and the lessee will be determined based on the results of the public listing [1]

Group 1: Real Estate Market Overview - The average residential price in Mongolia for Q1 2025 is 3.6 million Tugrik per square meter (7258.06 RMB), while luxury residences are priced at 7.1 million Tugrik (14314.52 RMB) [1] - The structure of real estate transactions shows that land accounts for 54%, residential properties for 41.8%, commercial real estate for 3.4%, and industrial real estate for 0.3% [1] - Residential properties sold through real estate agencies represent 86% of the total market value [1] Group 2: Transaction and Rental Data - A total of 2,203 transactions were completed, with a total area of 3.162 million square meters sold, amounting to 538.5 billion Tugrik (1.086 billion RMB), reflecting a year-on-year area increase of 9.1% and a value increase of 5.8% [1] - There were also 1,912 rental transactions, covering an area of 150,800 square meters, with a total value of 58.9 billion Tugrik (119 million RMB) [1] Group 3: Financial Performance - The real estate sector achieved a net profit of 3.5 billion Tugrik (7.056 million RMB) in Q1, with revenues of 56.8 billion Tugrik (115 million RMB) and expenses of 53.3 billion Tugrik (107 million RMB) [2] - Total assets in the real estate sector reached 225.5 billion Tugrik (455 million RMB), with current assets at 162.4 billion Tugrik (327 million RMB) and non-current assets at 58.1 billion Tugrik (117 million RMB) [2] - As of the end of Q1, there were 302 real estate agencies, a decrease of 8 compared to the previous year [2]