登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：001979 证券简称：招商蛇口公告编号：【CMSK】2025-096 招商局蛇口工业区控股股份有限公司 关于为桃花园置业提供担保的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、误导性陈述或重大遗漏。 一、担保情况概述 为满足经营需要，招商局蛇口工业区控股股份有限公司（以下简称"公司"或"本公司"）之全资子公司深 圳市桃花园置业有限公司（以下简称"桃花园置业"）向兴业银行股份有限公司深圳分行申请住房租赁贷 款人民币10亿元，贷款期限为15年。本公司拟按100%的股权比例为上述住房租赁贷款提供连带责任保 证，担保本金金额不超过人民币10亿元，保证期间为每期债权到期之日起三年。 四、公司意见 桃花园置业因项目经营需要，向金融机构借款以补充资金，有利于促进公司经营发展。桃花园置业为公 司全资子公司，公司按照股权比例为其提供担保的行为风险可控，不会对本公司的正常运作和业务发展 造成影响。 五、累计对外担保数量及逾期担保的数量 截至公告日，本公司及控股子公司的对外担保总额（不包括子公司为客户提供的销售按揭担保）为 350.65亿元，占 ...

Core Viewpoint - The real estate market in China is experiencing a divergence between new and second-hand housing prices, with first-tier cities showing more resilience in new home prices compared to second-hand homes, which continue to decline [1][4][10]. Group 1: Price Trends - In August, new home prices in first-tier cities decreased by 0.1% month-on-month, while second-hand home prices fell by 1.0% [1]. - Second-tier cities experienced a more significant decline, with new home prices down 0.3% and second-hand prices down 0.6% month-on-month [1]. - Guangzhou saw the largest year-on-year drop in second-hand home prices, down 6.2% compared to last year [1]. Group 2: Market Dynamics - The second-hand housing market is more reflective of market sentiment, while new homes benefit from quicker supply adjustments and stronger demand in core areas [1][4]. - The divergence between new and second-hand home prices is expected to intensify, leading to the emergence of two distinct markets [4]. Group 3: Supply and Demand Factors - Key factors influencing the new home market include land supply, developer funding, and transaction volume [5]. - The concentration of land supply is increasing, with the top 10 developers accounting for 70% of the new value added in the real estate sector [5][6]. - In Beijing, major developers are acquiring a significant portion of land, leading to a potential regional supply monopoly and a shift towards high-end product development [6]. Group 4: Financial Conditions - Real estate developers' funding reached 64,318 billion yuan in the first eight months of 2025, a year-on-year decrease of 8%, but the decline rate has slowed [8]. - The new housing starts have decreased by 19.5% year-on-year, indicating a potential easing of financial pressures for major developers [8]. - The land market is showing signs of recovery, with the top 100 developers increasing their land acquisition by 31% year-on-year [8][9]. Group 5: Consumer Behavior - The second-hand housing market is characterized by intense competition among individual sellers, leading to a downward price pressure [11][12]. - The decline in personal housing loans indicates a weakened willingness to buy among consumers, despite a potential increase in leverage capacity [13][16]. - Rental prices in cities like Beijing have also decreased, which may further delay potential buyers' plans to enter the market [14].

Core Insights - The average brand value of national real estate companies in China is projected to decline by 7.6% to 33.37 billion yuan in 2025, marking the fourth consecutive year of decline [1] - The primary reason for the decline in brand value is the ongoing industry adjustment, although leading companies experience a significantly lower decline of only 2.7% due to their market position and resilience [1] - Real estate companies are actively seeking breakthroughs by adopting a "light and heavy" strategy, accelerating their transformation towards light asset operations such as construction agency and housing leasing [1][2] Industry Analysis - The overall decline in brand value is directly related to the market environment, with companies focusing on consolidation and deepening their presence in fewer cities, while revenue and profitability remain at low levels [1] - Despite the pressure on the overall industry, leading companies like Poly Developments, China Overseas Land & Investment, and Vanke maintain strong brand performance due to high market share and resource acquisition capabilities [1][2] - Leading companies outperform the overall brand recognition (76.94%), reputation (72.78%), and loyalty (69.68%) metrics compared to national averages [2] Strategic Developments - The industry consensus is shifting towards a "light and heavy + business synergy" model, with companies exploring light asset operations to strengthen brand value [2] - Companies are seizing policy opportunities through strategies like "commercial to residential" and "stock asset acquisition" to enhance their housing leasing brands [2] - Embracing digitalization and sustainable development, companies are leveraging AI and building data systems to improve brand management efficiency and risk response [2][3] - Some companies are restructuring their organizational frameworks from a "three-tier" to a "two-tier" system to optimize management effectiveness [2]

Group 1 - Sichuan Shuzhong Investment Holding Group Co., Ltd. has recently undergone a significant business change, increasing its registered capital from 30 million to 1 billion yuan, representing an increase of approximately 3233% [1] - The company has also experienced changes in several key personnel [1] - Established in May 2006, the company is wholly owned by the Finance Bureau of Zhongjiang County and its legal representative is Yang Jing [1] Group 2 - The company's business scope includes asset management services, leasing services, and housing leasing, all funded by its own capital [1]

Investment Rating - The report does not explicitly state an investment rating for the real estate industry Core Insights - The introduction of the "Housing Rental Regulations" is a significant step towards standardizing housing rental activities and promoting high-quality development in the real estate market [3][7] - The regulations aim to enhance the rights and interests of rental parties and support the transition from a single sales model to a diversified development model in the real estate sector [3][7] - The report highlights the importance of the "rent-purchase dual-track" system in stabilizing the real estate market and addressing housing issues for various demographics [5][7] Market Tracking Summary Supply Side - The "Housing Rental Regulations" encourage families to rent out their properties and support enterprises in repurposing old buildings for rental use, which is expected to increase the supply of rental housing [4][6] - The report notes that the total area of unsold commercial housing has decreased for five consecutive months, but inventory levels remain high, indicating ongoing pressure to reduce stock [10] Demand Side - In July, the sales area and sales amount of commercial housing decreased by 8.40% and 14.08% year-on-year, respectively, with significant month-on-month declines [9] - The report indicates that the rental market is becoming more attractive to investors, with rental yields approaching the rates of five-year fixed deposits, leading to increased interest from institutional investors [6][12] Market Trends - The report observes that new home prices have shown signs of stabilization, while the second-hand housing market is experiencing a decline in transaction volume [8][11] - The introduction of supportive policies by local governments, such as optimizing housing purchase restrictions and increasing loan support, is expected to help stabilize the market [9][10]

Core Viewpoint - Recently, Jinghong Jingyu Meisu (individual business) was established with a registered capital of 50,000 RMB, indicating a new player in the accommodation service industry [1] Company Summary - The legal representative of Jinghong Jingyu Meisu is Han Haijing, which may suggest a localized management approach [1] - The business scope includes licensed projects such as accommodation services, which require approval from relevant authorities before operation [1] - General projects include housing leasing, food sales (only pre-packaged food), personal internet live streaming services, and internet sales (excluding goods that require permits) [1]

General Provisions - The company was established on November 1, 1984, as a joint-stock company approved by the People's Bank of China Jinan Branch [2][3] - The registered capital of the company is RMB 520,606,589 [2] - The company is a permanent joint-stock company, with the chairman serving as the legal representative [2][3] Business Objectives and Scope - The company's business objective is to focus on commercial retail, centering on customer needs, and to play a leading role in the province's trade and circulation sector [4] - The company aims to integrate online and offline development, becoming a trusted modern retail service group [4][5] Share Issuance - The company's shares are issued in the form of stocks, adhering to principles of openness, fairness, and justice [7] - The total number of shares issued by the company is 520,066,589, with a capital structure that includes both restricted and unrestricted shares [7][8] Shareholder Rights and Obligations - Shareholders have rights to dividends, voting, and supervision of company operations, and must comply with laws and the company's articles of association [12][13] - Shareholders holding more than 3% of shares for over 180 days can request to review the company's accounting books [14] Shareholder Meetings - The company holds annual and temporary shareholder meetings, with specific procedures for calling and conducting these meetings [48][49] - Shareholder meetings require a quorum and must follow legal and regulatory requirements for decision-making [16][21] Legal Compliance and Governance - The company must comply with the Company Law, Securities Law, and other relevant regulations, ensuring that all actions taken by the board and shareholders are legally valid [3][19] - The company is responsible for maintaining transparency and fulfilling information disclosure obligations as required by law [16][19]

Group 1 - A new company named Shenzhen Jingxuxuanhe Property Management Co., Ltd. has been established with a registered capital of 10 million RMB [1] - The legal representative of the company is Li Jiahui, and it is primarily owned by Shenzhen Chunhe Jingming Real Estate Co., Ltd. (95% stake) and Shenzhen Chunhe Jingming Investment Co., Ltd. (5% stake) [1] - The business scope includes property management, non-residential real estate leasing, housing leasing, labor services (excluding labor dispatch), parking services, housekeeping services, real estate registration agency services, information consulting services (excluding licensed information consulting services), daily life services for residents, and property service evaluation [1] Group 2 - The company is classified under the real estate industry, specifically in real estate development and operation [1] - The registered address of the company is located in the Four Seas Cloud Innovation Building, Sha Jing Street, Bao'an District, Shenzhen [1] - The company is registered as a limited liability company with an operating period until August 19, 2025, with no fixed term thereafter [1]

Core Insights - Guangzhou Kaichengqiao Construction Investment Co., Ltd. has been established with a registered capital of 600 million yuan, focusing on land remediation services, non-residential real estate leasing, housing leasing, property management, consulting services, and investment activities with its own funds [1][2]. Company Information - The legal representative of the company is Dong Yu, and it is registered in Huangpu District, Guangzhou, Guangdong Province [2]. - The company is classified as an "Other Limited Liability Company" and is currently in operation with no fixed business term [2]. - The registered address is located at Room 416, 4th Floor, Office Building, No. 17 Xiangshan Road, Huangpu District, Guangzhou [2]. Shareholding Structure - The major shareholder is Guangzhou Development Zone Urban Development Group Co., Ltd., holding 51% of the shares with a subscribed capital of 306 million yuan [2]. - China Electric Power Construction Group Co., Ltd. holds 19% of the shares, contributing 114 million yuan [2]. - China Hydropower Construction Group Fifteenth Engineering Bureau Co., Ltd. holds 6.6% of the shares, with a subscribed capital of 39.6 million yuan [2].

Group 1 - A new company named Guangzhou Kaichengqiao Construction Investment Co., Ltd. has been established with a registered capital of 600 million yuan [1] - The legal representative of the company is Dong Yu, and its business scope includes land remediation services, non-residential real estate leasing, housing leasing, property management, consulting and planning services, and investment activities using its own funds [1] - The company is jointly held by Guangzhou Development Zone Urban Development Group Co., Ltd. and China Hydroelectric Construction Group Fifteenth Engineering Bureau Co., Ltd., a subsidiary of China Electric Power Construction [1]