| 股票代码：600153 | 股票简称：建发股份 | | 公告编号：临 | 2025—034 | | --- | --- | --- | --- | --- | | 债券代码：137601 | 债券简称：22 建发 | Y4 | | | | 债券代码：115755 | 债券简称：23 建发 | Y1 | | | | 债券代码：240217 | 债券简称：23 建发 | Y2 | | | | 债券代码：240650 | 债券简称：24 建发 | Y1 | | | | 债券代码：241016 | 债券简称：24 建发 | Y2 | | | | 债券代码：241137 | 债券简称：24 建发 | Y3 | | | | 债券代码：241265 | 债券简称：24 建发 | Y4 | | | | 债券代码：241266 | 债券简称：24 建发 | Y5 | | | | 厦门建发股份有限公司 | | | | | 关于上海证券交易所对公司 2024 年年度报告 问询函的回复公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 厦门建发 ...

中国商报（记者 彭婷婷 李沫楠 唐砚 付颢琬 白雅琦 文/图）对于小沫（化名）而言，周末是"自我充电时刻"。在商场的人潮与货架间，她可以暂时卸下"打 工人""KPI"的封印，做回热爱生活的自己。而现在，小沫"充电"的方式更多了。 越来越多的商业空间迎合"小沫们"的消费情绪与体验需求，沉下去挖掘细分目标市场，引领更具人文内涵、时尚文化的价值导向，提供更有温度的体验与服 务。 北京朝阳合生汇聚焦"首店+首发"策略，引入多家设计师品牌与生活方式集合店；海淀大悦城打造"人宠共生"示范性消费场景；"四合院商圈"中海大吉巷混 搭网红店铺、潮流业态出圈……今年以来，北京的商业带着"公园式""文化艺术""宠物友好"等特色标签奔涌而来。 "限时体验" 激活千亿市场 "SEVENTEEN快闪、Rosie快闪我都来了，简直是KPOP（韩国流行音乐）追星人的宝地，感觉自己在看沉浸式艺术展！"小沫兴奋地说。 一杯奶茶逛全天、点个外卖要领券的年轻人，面对"快闪""限时"无数次"上头"。当零售商品被打上"限时"的标签，不仅有了更多的创意和趣味，也有了更高 的溢价空间。《中国快闪店行业白皮书》预计，到2025年，快闪店行业交易规模将超过80 ...

Group 1 - The emergence of trendy shopping malls reflects the profound changes in the consumption market, particularly driven by the younger generation's demand for unique experiences and emotional value rather than just shopping [1][2] - These new shopping malls are characterized by innovative themes and diverse business models, such as bike-friendly environments and integration of local cultural elements, which cater to the "micro-vacation" needs of consumers [1][2] - The transformation from selling products to selling experiences is a strategic shift that enhances market vitality and attracts young consumers, thereby stimulating overall consumption [1] Group 2 - The interaction between trendy shopping malls and the youth demographic illustrates the robust vitality and resilience of China's consumption market, with youth driving innovation in commercial formats [2] - The rise of these shopping malls also represents a convergence of urban governance and public demand, creating unique consumer environments that fulfill community aspirations while promoting employment and regional economic growth [2] - As consumption structures continue to upgrade, more commercial entities are expected to innovate, contributing to a dynamic consumption market and supporting high-quality economic development [2]

楼群之间，有廊桥相连，不用反复上下楼、走冤枉路。想进店铺逛，就把自行车放到附近的停车 点。"骑行友好商场，给了我们新体验。"冯杨说。 "此地CyPARK"是以骑行为主题的新概念商业公园，于去年6月开业运营。商场直通成都的绕城骑行专 线，并且与长达8.6公里的空中骑行道衔接，区位优势明显，成为骑行爱好者的聚集地。 商场内，身穿专业运动服，戴着头盔、护目镜的骑行爱好者与时尚酷炫的自行车相伴，三五成群，很是 吸睛。"骑行已经成为一种生活方式，有众多参与者。"商场运营方成都高新领开商业运营管理有限公司 总经理杨睿介绍，"骑行友好主题，不仅吸引了骑行爱好者，也为商场增添了与众不同的风景，一般顾 客也能沉浸其中。" "此地CyPARK"为半开放式空间，骑行爱好者可以顺着动线，以不超10公里的时速骑行。为保障安全， 保安人员会巡逻检查，制止超速行为。 业态上，"此地CyPARK"选择细分赛道，聚焦户外社群、时尚潮流、社交生活和文化艺术4个方向，引 入相关品牌。同时，相关门店还定期举办骑行赛事、时尚展览、艺术交流等社群活动，增强消费者与品 牌之间的黏性。"有上千人加入我们的品牌社群。"一家越野跑品牌的门店经理兰海洋说。 能骑 ...

Core Insights - The company reported a revenue of 143.77 billion yuan for Q1 2025, a year-on-year increase of 9.47%, while the net profit attributable to shareholders was 584 million yuan, a decrease of 3.29% [1] - The supply chain business showed robust growth with revenues of 129.34 billion yuan, up 5.47% year-on-year, and a net profit of 848 million yuan, an increase of 9.72% [1] - The real estate segment demonstrated resilience with revenues of 12.81 billion yuan, a significant increase of 94.40% year-on-year, although net profit was negative at -91 million yuan due to the absence of asset sale gains [2] Supply Chain Business - The supply chain business achieved a revenue of 129.34 billion yuan, reflecting a year-on-year growth of 5.47% [1] - The net profit for the supply chain segment was 848 million yuan, which is an increase of 9.72% compared to the previous year [1] - The growth in this segment was primarily driven by increased profits from pulp and paper as well as certain mineral operations [1] Real Estate Business - The real estate business generated revenues of 12.81 billion yuan, marking a year-on-year increase of 94.40% [2] - The net profit for the real estate segment was -91 million yuan, a decrease of 34 million yuan year-on-year, largely due to the lack of asset sale investment gains in the current period [2] - The subsidiary, Jianfa Real Estate, reported sales of 32 billion yuan, a 2% increase year-on-year, while the land acquisition amount was 20.7 billion yuan, ranking fourth in the industry [2] Home Furnishing Business - The home furnishing segment faced challenges, with revenues of 1.62 billion yuan, a decline of 23.49% year-on-year [2] - The net profit for this segment was -172 million yuan, a decrease of 61 million yuan compared to the previous year, impacted by external factors and increased losses from fair value changes in investment properties [2] Investment Outlook - The company forecasts revenues of 715.75 billion yuan, 728.70 billion yuan, and 743.93 billion yuan for 2025-2027, with year-on-year growth rates of 2.06%, 1.81%, and 2.09% respectively [3] - Expected net profits for the same period are projected to be 3.447 billion yuan, 3.976 billion yuan, and 4.400 billion yuan, with growth rates of 17.01%, 15.34%, and 10.68% [3] - The company maintains a strong risk control capability in its supply chain and a proactive approach in real estate sales, anticipating continued growth in non-recurring earnings [3]

智通财经记者 | 王婷婷 "五一"假期作为消费旺季，向来是传统商场开业的黄金节点，承载着商家们抢占市场、提振消费的厚望。尤其是近两年来，文旅经济持续升温，为商业项目 注入强劲动能。 依托"五一"长假的客流虹吸效应，众多新开业商场得以快速"破圈"，凭借文旅融合活动、特色场景体验，迅速实现客流量与销售额的双向增长，成为拉动区 域消费的新引擎。 但在今年"五一"，商业地产领域却呈现出一幅截然不同的景象，商场开业数量明显下降，开发商拓店的积极性也大幅降低。 这背后，是行业发展逻辑的深刻转变。在经历了多年的快速扩张后，传统商场行业逐渐步入存量时代，单纯依靠新增项目、抢占市场份额的发展模式已难以 为继，定位模糊、缺乏运营能力的商业普遍面临较大的生存压力。 "不能再开了，我觉得已经太饱和了，前几年开太多。"一名开发商内部人士向智通财经表示。 当行业不再倾向同质化竞争，新的生机与变革正在悄然酝酿，特色化与体验化成为众多商场破局的关键路径。 以上海为例，上海悦荟广场升级空间，4楼"恰恰谷"火热开场，以"好谷+好饭"的复合商业模式链接年轻消费圈层；第一百货商业中心打造"繁花里"， 为"50+"新银发人群提供富有情绪价值的生活美学 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：600153 证券简称：建发股份 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假 记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人林茂、主管会计工作负责人魏卓及会计机构负责人（会计主管人员）卢瀚舟保证季度报告中 财务信息的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一) 主要会计数据和财务指标 单位：元 币种：人民币 1.报告期公司主要会计数据和财务指标的说明 2025年第一季度归属于上市公司股东的净利润包含报告期归属于永续债持有人的利息130,156,021.29 元，扣除永续债利息后，2025年第一季度归属于上市公司股东的净利润为453,860,168.23元；计算基本 每股收益、加权平均净资产收益率等上述主要财务指标时均扣除了永续债及利息。 2.公司财务数据分板块情况 公司所从事的主营业务包括供应链运 ...