每经头条（nbdtoutiao）——处方药变"瘾品"：国内首次报告普瑞巴林滥用致成瘾病例，网络平台暴 露"无病历可购药"漏洞，列管与否尚需科学考量 截至发稿，珠江股份市值为39亿元。 （记者 曾健辉） 每经AI快讯，珠江股份（SH 600684，收盘价：4.55元）12月9日晚间发布公告称，公司第十一届2025年 第十一次董事会会议于2025年12月9日在广州市越秀区环市东路371-375号世贸中心大厦南塔11楼第一会 议室以现场方式召开。会议审议了《关于选举董事的议案》等文件。 2024年1至12月份，珠江股份的营业收入构成为：物业服务占比70.43%，文体运营业务占比23.95%，房 地产业占比4.66%，物业出租及管理占比0.74%，其他业务占比0.21%。 ...

Core Viewpoint - New City Holdings has experienced a decline in stock price and revenue, indicating potential challenges in the real estate market [1][2]. Group 1: Stock Performance - On November 18, New City Holdings' stock price fell by 2.02%, reaching 14.58 CNY per share, with a total market capitalization of 32.887 billion CNY [1]. - The stock has increased by 21.91% year-to-date but has seen a decline of 2.61% over the last five trading days, 3.06% over the last twenty days, and 10.61% over the last sixty days [1]. Group 2: Financial Performance - For the period from January to September 2025, New City Holdings reported a revenue of 34.371 billion CNY, a year-on-year decrease of 33.34%, and a net profit attributable to shareholders of 0.974 billion CNY, also down by 33.05% [2]. - Cumulatively, the company has distributed 14.595 billion CNY in dividends since its A-share listing, with no dividends paid in the last three years [3]. Group 3: Shareholder Structure - As of September 30, 2025, the number of shareholders decreased by 12.34% to 43,200, while the average number of tradable shares per person increased by 14.07% to 52,155 shares [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which reduced its holdings by 701,400 shares, and ICBC Value Selection Mixed A, which is a new shareholder with 15.7412 million shares [3].

Core Insights - New City Holdings' stock price increased by 2.02% on November 10, reaching 14.11 CNY per share, with a total market capitalization of 31.827 billion CNY [1] - The company has experienced a year-to-date stock price increase of 17.98%, but has seen declines of 0.42% over the last five trading days, 8.50% over the last 20 days, and 10.75% over the last 60 days [1] Financial Performance - For the period from January to September 2025, New City Holdings reported a revenue of 34.371 billion CNY, a year-on-year decrease of 33.34%, and a net profit attributable to shareholders of 0.974 billion CNY, also down 33.05% year-on-year [2] - Cumulative cash dividends since the company's A-share listing amount to 14.595 billion CNY, with no dividends distributed in the past three years [3] Shareholder Structure - As of September 30, 2025, the number of shareholders decreased by 12.34% to 43,200, while the average number of tradable shares per person increased by 14.07% to 52,155 shares [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 16.6308 million shares, a decrease of 701,400 shares from the previous period, and ICBC Value Selection Mixed A, a new shareholder with 15.7412 million shares [3]

Core Viewpoint - Zhujiang Co., Ltd. announced a significant asset impairment provision for the first nine months of 2025, amounting to 15.19 million yuan, which has impacted the total profit for the period [1] Financial Performance - The asset impairment provision for the current period reduced the total profit by 15.27 million yuan, while the reversal of other receivables impairment increased the total profit by 80,000 yuan [1] - The asset impairment loss amount has not been audited by the company's annual auditing firm, and the specific impact will be determined based on the audited data [1] Revenue Composition - For the year 2024, the revenue composition of Zhujiang Co., Ltd. is as follows: Property services account for 70.43%, cultural and sports operations account for 23.95%, real estate accounts for 4.66%, property leasing and management account for 0.74%, and other businesses account for 0.21% [1]

Core Insights - New City Holdings' stock price increased by 2.04% on September 26, reaching 15.98 CNY per share, with a total market capitalization of 36.045 billion CNY [1] - The company has seen a year-to-date stock price increase of 33.61%, with recent trading performance showing a 1.40% rise over the last five days and a 19.16% increase over the last 60 days [1] Financial Performance - For the first half of 2025, New City Holdings reported a revenue of 22.1 billion CNY, a year-on-year decrease of 34.82%, and a net profit attributable to shareholders of 0.895 billion CNY, down 32.11% compared to the previous year [2] - Cumulative cash dividends since the company's A-share listing amount to 14.595 billion CNY, with no dividends distributed in the last three years [3] Shareholder Structure - As of June 30, 2025, the number of shareholders decreased by 8.68% to 49,300, while the average number of tradable shares per shareholder increased by 9.50% to 45,721 shares [2] - Major shareholders include China Securities Finance Corporation, which holds 27.1172 million shares, a decrease of 557,000 shares from the previous period, and ICBC Convertible Bond (003401), which increased its holdings by 10.8632 million shares to 20.2184 million shares [3]

Core Viewpoint - New City Holdings reported a strong performance in the first half of 2025, with significant revenue growth and improved profitability metrics [1] Financial Performance - The company achieved an operating revenue of 22.1 billion yuan in the first half of 2025 [1] - Net profit attributable to shareholders was 0.895 billion yuan, while the net profit excluding non-recurring items was 0.947 billion yuan [1] Business Segments - The commercial segment continued to grow, with total revenue from commercial operations reaching 6.944 billion yuan, representing a year-on-year increase of 11.8% [1] - The gross profit from property leasing and management was 4.573 billion yuan, which increased its share of total gross profit from 57.21% in the same period last year to 77.06% [1] - The gross profit margin for property leasing and management stood at 71.20% [1]

Core Insights - New City Holdings (601155) reported its 2025 semi-annual results on August 29, showing a revenue of 22.1 billion yuan and a net profit attributable to shareholders of 0.895 billion yuan [1] - The company's commercial segment continued to grow, achieving total commercial operation revenue of 6.944 billion yuan, representing a year-on-year increase of 11.8% [1] - The gross profit from property leasing and management reached 4.573 billion yuan, increasing its share of total gross profit from 57.21% in the same period last year to 77.06% [1] - The gross profit margin for property leasing and management stood at 71.20% [1]