机构持仓方面，截止2025年9月30日，万科A十大流通股东中，香港中央结算有限公司位居第四大流通 股东，持股1.72亿股，相比上期增加1708.68万股。中国证券金融股份有限公司位居第六大流通股东，持 股1.33亿股，持股数量较上期不变。华泰柏瑞沪深300ETF（510300）位居第七大流通股东，持股1.16亿 股，相比上期减少591.63万股。南方中证房地产ETF发起联接A（004642）位居第八大流通股东，持股 8602.90万股，相比上期减少83.09万股。易方达沪深300ETF（510310）位居第九大流通股东，持股 8377.54万股，相比上期减少266.46万股。华夏沪深300ETF（510330）位居第十大流通股东，持股 6251.58万股，相比上期减少87.23万股。 责任编辑：小浪快报 万科A所属申万行业为：房地产-房地产开发-住宅开发。所属概念板块包括：REITs概念、房屋租赁、大 盘、分拆概念、MSCI中国等。 11月26日，万科A盘中下跌2.15%，截至13:14，报5.91元/股，成交5.93亿元，换手率1.02%，总市值 705.10亿元。 截至9月30日，万科A股东户数49.32 ...

Core Viewpoint - Hongrun Construction's stock price has experienced significant fluctuations, with an overall increase of 88.19% this year, but a recent decline in the last five and twenty trading days [1] Group 1: Stock Performance - As of November 20, Hongrun Construction's stock price was 9.43 CNY per share, with a market capitalization of 11.667 billion CNY [1] - The stock has seen a decline of 2.08% during the trading session on November 20, with a trading volume of 78.048 million CNY and a turnover rate of 0.73% [1] - Year-to-date, the stock has risen by 88.19%, but it has dropped by 7.37% in the last five trading days and 16.25% in the last twenty trading days [1] Group 2: Financial Metrics - For the period from January to September 2025, Hongrun Construction reported a revenue of 4.262 billion CNY, a year-on-year decrease of 0.47%, and a net profit attributable to shareholders of 244 million CNY, down 2.41% year-on-year [2] - The company has distributed a total of 1.293 billion CNY in dividends since its A-share listing, with 342 million CNY distributed in the last three years [2] Group 3: Business Overview - Hongrun Construction, established in December 1994 and listed in August 2006, is primarily engaged in municipal public works, building construction, urban rail transit engineering, and real estate development [2] - The company's revenue composition includes 76.18% from construction and municipal infrastructure investment, 20.80% from new energy development, 5.53% from real estate development, and 0.69% from other businesses [2] - Hongrun Construction is categorized under the construction decoration and municipal engineering sectors, with involvement in concepts such as shield machines, robotics, and railway infrastructure [2] Group 4: Shareholder Information - As of September 30, 2025, Hongrun Construction had 35,200 shareholders, an increase of 2.55% from the previous period, with an average of 31,972 circulating shares per shareholder, a decrease of 2.48% [2] - The fourth largest circulating shareholder is Hong Kong Central Clearing Limited, holding 16.576 million shares as a new shareholder [2]

Core Viewpoint - Hainan Airport's stock price has experienced fluctuations, with a year-to-date increase of 36.16% but a recent decline of 2.10% on November 19, 2023, indicating potential volatility in the market [1] Financial Performance - For the period from January to September 2025, Hainan Airport reported a revenue of 3.28 billion yuan, reflecting a year-on-year growth of 6.09%. However, the net profit attributable to shareholders decreased significantly by 69.77% to 64.35 million yuan [2] - The company has distributed a total of 602.10 million yuan in dividends since its A-share listing, with 571.27 million yuan distributed over the past three years [2] Stock Market Activity - As of November 19, 2023, Hainan Airport's stock was trading at 5.14 yuan per share, with a market capitalization of 58.73 billion yuan. The stock has seen a trading volume of 85.78 million yuan and a turnover rate of 0.18% [1] - The stock has appeared on the "Dragon and Tiger List" once this year, with a net buying amount of 95.45 million yuan on July 24, 2023 [1] Shareholder Information - As of September 30, 2025, Hainan Airport had 111,400 shareholders, a decrease of 15.16% from the previous period. The average number of circulating shares per shareholder increased by 17.87% to 82,363 shares [2] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 190 million shares, an increase of 23.83 million shares compared to the previous period [2]

资料显示，万科企业股份有限公司位于广东省深圳市盐田区大梅沙环梅路33号万科中心,香港中环花园 道1号中银大厦43楼A室，成立日期1984年5月30日，上市日期1991年1月29日，公司主营业务涉及房地 产开发和物业服务。主营业务收入构成为：房地产开发及相关资产经营业务80.17%，物业服务 16.23%，其他(补充)3.61%。 11月18日，万科A盘中下跌2.08%，截至13:02，报6.13元/股，成交5.92亿元，换手率0.98%，总市值 731.35亿元。 资金流向方面，主力资金净流出8763.41万元，特大单买入8060.26万元，占比13.63%，卖出1.41亿元， 占比23.83%；大单买入1.10亿元，占比18.55%，卖出1.37亿元，占比23.15%。 万科A今年以来股价跌15.56%，近5个交易日跌2.39%，近20日跌4.22%，近60日跌5.69%。 分红方面，万科AA股上市后累计派现1030.33亿元。近三年，累计派现80.63亿元。 机构持仓方面，截止2025年9月30日，万科A十大流通股东中，香港中央结算有限公司位居第四大流通 股东，持股1.72亿股，相比上期增加1708.68 ...

截至9月30日，建发股份股东户数5.82万，较上期减少2.69%；人均流通股49786股，较上期增加2.77%。 2025年1月-9月，建发股份实现营业收入4989.83亿元，同比减少0.63%；归母净利润11.49亿元，同比减 少44.19%。 分红方面，建发股份A股上市后累计派现190.39亿元。近三年，累计派现65.70亿元。 机构持仓方面，截止2025年9月30日，建发股份十大流通股东中，香港中央结算有限公司位居第二大流 通股东，持股1.11亿股，相比上期增加412.80万股。红利低波（512890）位居第四大流通股东，持股 4563.05万股，相比上期增加515.63万股。华泰柏瑞上证红利ETF（510880）位居第五大流通股东，持股 3866.46万股，相比上期增加213.16万股。中泰星元灵活配置混合A（006567）位居第七大流通股东，持 股2841.50万股，相比上期减少167.68万股。南方中证500ETF（510500）位居第九大流通股东，持股 2532.41万股，相比上期减少48.01万股。 责任编辑：小浪快报 11月18日，建发股份盘中下跌2.04%，截至11:05，报10.58元/ ...

Core Insights - China State Construction Engineering Corporation (CSCEC) reported a total new contract amount of 3,606.5 billion yuan for the first ten months of 2025, reflecting a year-on-year growth of 1.0% [1] - The construction business segment achieved a new contract amount of 3,319.4 billion yuan, with a year-on-year increase of 2.0% [1] - The real estate business recorded a contract sales amount of 287.1 billion yuan, with a contract sales area of 10.7 million square meters [1] Construction Business Performance - The new contract amount for housing construction reached 2,199.1 billion yuan, growing by 1.5% year-on-year [1] - Infrastructure business contracts totaled 1,111.0 billion yuan, marking a 3.1% year-on-year increase [1] - Domestic business accounted for 3,150.2 billion yuan, up 1.9% year-on-year, while overseas business reached 169.1 billion yuan, increasing by 3.2% [1] Physical Indicators - The total construction area for housing reached 158,811 million square meters [1] - New construction area was 21,178 million square meters, while completed area was 15,820 million square meters [1] Land Acquisition and Sales - The company acquired land reserves of 732,000 square meters, bringing total land reserves to 7,482,000 square meters [1] - The contract sales area in the real estate sector was 10.7 million square meters [1] Recent Major Projects - CSCEC recently secured significant projects totaling 9.85 billion yuan, including two housing projects in Xiamen and Xi'an, and one infrastructure project in Sichuan [2] - The projects align with national goals to enhance manufacturing and urban development, which are expected to provide sustained growth momentum for the construction and real estate sectors [2] Industry Outlook - The 20th Central Committee's Fourth Plenary Session emphasized accelerating the construction of a strong manufacturing and quality nation, which is anticipated to drive structural and long-term benefits for CSCEC [2] - The focus on high-quality development in real estate is expected to foster deep transformation and innovation within the industry, supporting the company's sustainable growth [2]

资金流向方面，主力资金净流出1241.31万元，特大单买入129.53万元，占比1.65%，卖出1310.39万元， 占比16.72%；大单买入1523.13万元，占比19.43%，卖出1583.58万元，占比20.20%。 北辰实业今年以来股价涨11.83%，近5个交易日涨7.77%，近20日涨10.05%，近60日涨14.29%。 资料显示，北京北辰实业股份有限公司位于北京市朝阳区北辰东路8号汇欣大厦12层，成立日期1998年 10月9日，上市日期2006年10月16日，公司主营业务涉及房地产开发、会展(含酒店)及商业物业。主营 业务收入构成为：会展(含酒店)及商业物业48.91%，房地产开发48.40%，其他业务2.60%，其他(补 充)0.09%。 北辰实业所属申万行业为：房地产-房地产开发-住宅开发。所属概念板块包括：长期破净、破净股、低 价、H股、小盘等。 截至9月30日，北辰实业股东户数11.67万，较上期减少4.40%；人均流通股0股，较上期增加0.00%。 2025年1月-9月，北辰实业实现营业收入43.67亿元，同比减少7.70%；归母净利润-21.74亿元，同比减少 134.22%。 1 ...

资金流向方面，主力资金净流出785.46万元，特大单买入197.55万元，占比1.86%，卖出518.22万元，占 比4.89%；大单买入1148.89万元，占比10.84%，卖出1613.68万元，占比15.23%。 11月13日，华夏幸福盘中上涨2.21%，截至09:53，报2.31元/股，成交1.06亿元，换手率1.21%，总市值 90.41亿元。 责任编辑：小浪快报 截至9月30日，华夏幸福股东户数16.70万，较上期减少6.22%；人均流通股23316股，较上期增加 6.63%。2025年1月-9月，华夏幸福实现营业收入38.82亿元，同比减少72.09%；归母净利润-98.29亿元， 同比减少338.67%。 分红方面，华夏幸福A股上市后累计派现160.75亿元。近三年，累计派现0.00元。 机构持仓方面，截止2025年9月30日，华夏幸福十大流通股东中，南方中证房地产ETF发起联接A （004642）位居第六大流通股东，持股3455.58万股，相比上期减少41.31万股。香港中央结算有限公司 位居第七大流通股东，持股3196.12万股，相比上期减少883.82万股。 华夏幸福今年以来股价跌14. ...

资料显示，华夏幸福基业股份有限公司位于北京市朝阳区东三环北路霞光里18号佳程广场A座23层，成 立日期1993年5月28日，上市日期2003年12月30日，公司主营业务涉及对房地产、工业园区及基础设施 建设投资;房地产中介服务;提供施工设备服务;企业管理咨询;生物医药研发,科技技术推广、服务。主营 业务收入构成为：房地产开发29.37%，物业管理服务22.96%，产业招租服务14.61%，其他(补 充)11.06%，产业园运营6.89%，土地整理6.83%，基础设施建设5.38%，酒店及学校运营1.69%，综合服 务1.22%。 华夏幸福所属申万行业为：房地产-房地产开发-产业地产。所属概念板块包括：小盘、体育产业、京津 冀、低价、通用航空等。 截至9月30日，华夏幸福股东户数16.70万，较上期减少6.22%；人均流通股23316股，较上期增加 6.63%。2025年1月-9月，华夏幸福实现营业收入38.82亿元，同比减少72.09%；归母净利润-98.29亿元， 同比减少338.67%。 11月11日，华夏幸福盘中上涨2.24%，截至13:54，报2.28元/股，成交2.82亿元，换手率3.23%，总市值 ...

机构持仓方面，截止2025年9月30日，华夏幸福十大流通股东中，南方中证房地产ETF发起联接A （004642）位居第六大流通股东，持股3455.58万股，相比上期减少41.31万股。香港中央结算有限公司 位居第七大流通股东，持股3196.12万股，相比上期减少883.82万股。 资料显示，华夏幸福基业股份有限公司位于北京市朝阳区东三环北路霞光里18号佳程广场A座23层，成 立日期1993年5月28日，上市日期2003年12月30日，公司主营业务涉及对房地产、工业园区及基础设施 建设投资;房地产中介服务;提供施工设备服务;企业管理咨询;生物医药研发,科技技术推广、服务。主营 业务收入构成为：房地产开发29.37%，物业管理服务22.96%，产业招租服务14.61%，其他(补 充)11.06%，产业园运营6.89%，土地整理6.83%，基础设施建设5.38%，酒店及学校运营1.69%，综合服 务1.22%。 华夏幸福所属申万行业为：房地产-房地产开发-产业地产。所属概念板块包括：体育产业、小盘、京津 冀、智慧城市、股权转让等。 截至9月30日，华夏幸福股东户数16.70万，较上期减少6.22%；人均流通股233 ...