Company Overview - Jintou Chengkai (SH 600322) announced a temporary board meeting on November 21, 2025, to discuss the proposal for the reappointment of financial and internal control audit institutions for the fiscal year 2025 [1] - As of the report date, Jintou Chengkai has a market capitalization of 2.7 billion yuan [1] Revenue Composition - For the first half of 2025, Jintou Chengkai's revenue composition is as follows: 92.48% from real estate development and operations, 5.57% from other industries, and 1.95% from leasing [1]

Core Insights - Shandong Guoci Shengyuan Real Estate Co., Ltd. has been established with a registered capital of 10 million yuan, focusing on real estate development, property management, and housing leasing [1][2]. Company Information - The legal representative of the company is Xu Shaomei [1]. - The company is wholly owned by Guoci Materials (300285) [1][2]. - The company is registered in Dongying Economic and Technological Development Zone, Shandong Province [2]. - The business scope includes real estate development and management, as well as housing leasing [1][2]. Registration Details - The company was officially registered on November 11, 2025, and has an indefinite business duration [2]. - The unified social credit code for the company is 91370500MAK05MUJ77 [2]. - The registered address is Room 203, Building 1, No. 24 Liaohe Road, Dongying Economic and Technological Development Zone, Shandong Province, postal code 257091 [2].

Group 1 - The core requirement for a real estate development company to qualify as a "real estate development and operation taxpayer" is that the sum of the value-added tax sales and advance payments from real estate development must exceed 50% of the company's total value-added tax sales and advance payments over the previous 12 months [6] - If the operational period before applying for a tax refund is less than 12 months but more than 3 months, the actual operational data during that period will be used for the calculation [6] - Advance payments refer specifically to amounts received from pre-sales of self-developed real estate projects [6] Group 2 - To apply for a tax refund at the end of the period, the taxpayer's credit rating must be A or B [8] - The credit rating is determined based on the taxpayer's status at the time of submitting the tax refund application form to the tax authority [8] Group 3 - Companies that enjoy export tax exemptions and meet the conditions for a tax refund must first process the export tax exemption before applying for the tax refund [10] - The application process allows for simultaneous submission of both the export tax exemption and the tax refund application within the same VAT filing period, provided that the export sales eligible for exemption are zero, in which case a zero declaration for the exemption must be filed [10] Group 4 - Taxpayer credit ratings are crucial for businesses, as a low rating, particularly a D rating, can severely hinder operations [14] - Specific situations that can lead to a direct D rating include tax evasion, fraudulent tax refund claims, and failure to pay taxes or penalties as required [16][20] - The new tax credit management measures will take effect from July 1, 2025 [21]

Core Viewpoint - The article discusses the new changes to the VAT end-of-period credit refund policy effective from September 2025, allowing eligible taxpayers to apply for refunds of their end-of-period VAT credits under specific conditions [3]. Group 1: Eligible Industries - Taxpayers in the manufacturing, scientific research and technical services, software and information technology services, and ecological protection and environmental governance sectors can apply for monthly refunds of their end-of-period VAT credits [5]. - The refund calculation formula for these industries is: Refundable VAT credit = End-of-period VAT credit × Input composition ratio × 100% [6]. Group 2: Real Estate Sector - Real estate developers can apply for a refund of 60% of the newly increased end-of-period VAT credits if the new credits are greater than zero for six consecutive months, with the sixth month’s new credits not less than 500,000 yuan [8]. - The refund calculation formula for real estate developers is: Refundable VAT credit = Newly increased end-of-period VAT credit compared to March 31, 2019, × Input composition ratio × 60% [9]. Group 3: Other Taxpayers - Other taxpayers can apply for a refund if they have positive end-of-period VAT credits for six consecutive months, and the newly increased credits in the sixth month compared to the previous year’s end-of-period credits are not less than 500,000 yuan [11]. - The refund calculation formula for these taxpayers is: Refundable VAT credit = Newly increased end-of-period VAT credit (up to 100 million yuan) × Input composition ratio × 60% + (amount exceeding 100 million yuan) × Input composition ratio × 30% [11]. Group 4: Eligibility Conditions - To qualify for the policy, taxpayers must have an A or B tax credit rating [12]. - Taxpayers must not have committed fraud related to VAT refunds or have been penalized for tax evasion in the past 36 months [13][14]. - Taxpayers must not have enjoyed VAT immediate refund policies since April 1, 2019, unless otherwise specified [15].

Core Viewpoint - Anhui Construction's stock price has increased by 5.63% on October 24, reaching 5.07 CNY per share, with a trading volume of 188 million CNY and a turnover rate of 2.20%, resulting in a total market capitalization of 8.703 billion CNY. The stock has risen for four consecutive days, with a cumulative increase of 3.23% during this period [1]. Group 1 - Anhui Construction Group Co., Ltd. is located at 459 Huangshan Road, Shushan District, Hefei City, Anhui Province, established on June 15, 1998, and listed on April 15, 2003. The company's main business includes housing construction, infrastructure construction and investment, and real estate development and operation [1]. - The revenue composition of Anhui Construction is as follows: housing construction and installation 41.25%, infrastructure construction and investment 36.53%, other 10.38%, commercial housing sales 8.57%, and other (supplementary) 3.28% [1]. Group 2 - Tianhong Fund has a fund that ranks among the top ten circulating shareholders of Anhui Construction. The Tianhong CSI Dividend Low Volatility 100 ETF Linked A (008114) entered the top ten circulating shareholders in the second quarter, holding 11.9852 million shares, accounting for 0.7% of the circulating shares. The estimated floating profit today is approximately 3.236 million CNY, with a floating profit of 1.7978 million CNY during the four-day increase [2]. - The Tianhong CSI Dividend Low Volatility 100 ETF Linked A (008114) was established on December 10, 2019, with a latest scale of 1.206 billion CNY. Year-to-date return is 5.48%, ranking 3993 out of 4218 in its category; the one-year return is 9.58%, ranking 3163 out of 3875; and since inception, the return is 80.63% [2]. - The fund manager of Tianhong CSI Dividend Low Volatility 100 ETF Linked A (008114) is Liu Xiaoming, who has a cumulative tenure of 7 years and 30 days. The current total asset scale of the fund is 15.782 billion CNY, with the best fund return during his tenure being 65.27% and the worst being -46.54% [2].

近日，记者从济南市城市管理局（济南市综合行政执法局）官网获悉，济南宏桥产业发展有限公司因保 障农民工工资支付存在违法行为，于2025年9月30日被该局依法作出行政处罚，罚款金额8万元。 据济综执处字﹝2025﹞第70号处罚公示，该公司在济南市天桥区蓝翔路以东、药山南路以南的蓝翔路东 北角商业综合体项目建设中，未按约定及时足额向农民工工资专用账户拨付人工费用。依据《保障农民 工工资支付条例》第五十七条第二项规定，执法部门对其处以8万元罚款。 公开信息显示，济南宏桥产业发展有限公司成立于2021年10月，注册地为济南市天桥区，注册资金1亿 元，经营范围包括自然科学研究和试验发展、房地产开发经营等，法定代表人为宋佃泉。天眼查APP显 示，该公司由济南天桥控股集团有限公司100%持股。 | 行政处罚公示2025 (70) | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 发布日期:2025-10-09 来源：市城管局执法审理处 浏览次数:41次 字体:【大中小】 | | | | | | | | | | 加法事实 | ...

Key Points - The new policy adjusts the types of deductible certificates included in the calculation formula for input tax composition ratio, adding electronic invoices for air and railway tickets, and separately listing the unified invoice for motor vehicle sales [3] - The adjusted deductible certificate types now include seven categories, such as VAT special invoices and customs import VAT payment certificates [3] - Taxpayers in four specific industries (manufacturing, scientific research and technical services, software and information technology services, ecological protection and environmental governance) can apply for a refund of the end-of-period retained tax amount on a monthly basis [4][5] - The determination of whether a taxpayer belongs to these four industries is based on whether the total VAT sales amount from these industries exceeds 50% of the total VAT sales amount, rather than the proportion of any single industry [4] - For real estate development and operation taxpayers, if the end-of-period retained tax amount has increased for six consecutive months and the increase in the sixth month is not less than 500,000 yuan, they can apply for a refund of 60% of the new increase [5] - Other taxpayers, excluding those in the specified four industries and real estate development, can apply for a proportional refund if their new increase in retained tax exceeds 500,000 yuan [5]

Core Viewpoint - The article discusses the handling of unbilled income for general taxpayers, emphasizing the importance of proper reporting to avoid duplicate tax payments [2][4]. Group 1: Tax Reporting Guidelines - General taxpayers can report unbilled income without filling it in the tax declaration, as long as they handle it correctly in subsequent declarations [2][4]. - It is crucial for general taxpayers to accurately fill in sales figures in the corresponding sections of the tax report [2]. Group 2: Tax Refund Conditions - Real estate development enterprises classified as general taxpayers can apply for a refund of newly added input tax credits if certain conditions are met [7]. - To qualify for a tax refund, the newly added input tax credits must be greater than zero for six consecutive months, and the amount at the end of the sixth month must not be less than 500,000 yuan [8].

每经头条（nbdtoutiao）——5万亿ETF的370名基金经理薪酬大揭秘！他们的日常工作，就是跟着指数 买股票吗？ 每经AI快讯，津投城开（SH 600322，收盘价：2.92元）9月19日晚间发布公告称，公司十一届三十五次 董事会临时会议于2025年9月19日以通讯方式召开。会议审议了《关于对重大资产重组方案进行重大调 整的议案》等文件。 2025年1至6月份，津投城开的营业收入构成为：房地产开发经营占比92.48%，其他行业占比5.57%，出 租占比1.95%。 截至发稿，津投城开市值为32亿元。 （记者 曾健辉） ...

Core Viewpoint - The article discusses the tax exemption policy for land use in agricultural production, highlighting that land directly used for agriculture, forestry, animal husbandry, and fishery is exempt from urban land use tax [6][7]. Group 1: Tax Exemption Policy - Agricultural production land, including land used for planting, breeding, and feeding, is exempt from urban land use tax [6][7]. - The exemption does not apply to land used for processing agricultural products or for living and office purposes [7]. Group 2: Relevant Regulations - The policy is based on the "Interim Regulations on Urban Land Use Tax" and related notifications from the State Administration of Taxation [8].