记录表 编号：2025-005 证券代码：000514 证券简称：渝 开 发 重庆渝开发股份有限公司投资者关系活动 | | ☑特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活动 | □媒体采访 □业绩说明会 | | 类别 | □新闻发布会 □路演活动 | | | □现场参观 □电话会议 | | | □其他： （请文字说明其他活动内容） | | 参与单位名称 | 西南证券：李垚 | | 及人员姓名 | | | 时间 | 2025 年 7 月 24 日 15:00 | | 地点 | 5207会议室 | | 公司接待人员 | 财务总监：李星一 | | 姓名 | 证券事务代表：谌畅 | | | 1、公司未来如何提升业务的持续性盈利能力？ | | | 公司构建多元化业务矩阵，在保持地产开发业务的同时，积极拓展 | | | 会展经营、物业管理等支撑型业务，形成抗周期收入结构，实现从传统 | | | 开发商向城市综合运营服务商的转型升级。 | | 投资者关系活动 | 2、公司当前在建在售项目仅剩茶园三期、回兴星河博棠三期和贯金和 | | | 府一期。各项目销售去化率情况怎么样？ | | 主要内容 ...

Core Viewpoint - The company, Yuhua Development (000514), is focusing on diversifying its business model and enhancing its market competitiveness through various strategic initiatives in response to the evolving real estate market in Chongqing [2][3][5]. Group 1: Business Development and Strategy - Yuhua Development is a state-controlled listed company in Chongqing, actively constructing an industrial investment system and promoting industrial transformation and upgrading [2]. - The company operates in multiple sectors including real estate development, property management, exhibition services, municipal facilities, and commercial leasing, which helps mitigate risks associated with real estate market fluctuations [2]. - The company has acquired the operating rights of the Shihuang Tunnel for 20 years, expiring in June 2026, which is expected to contribute to its revenue [2]. Group 2: Market Environment - The Chongqing real estate market is adapting to central government policies, optimizing housing credit policies, and enhancing the housing rental market, which has boosted confidence among enterprises [3]. Group 3: Project Development - As of December 31, 2024, the company has four ongoing and for-sale projects, with three remaining after a subsidiary's change in status in Q1 2025 [4]. - The company has established a full-cycle project operation plan to ensure objective decision-making and reasonable planning of development pace [4]. Group 4: Future Direction and Transformation - The company aims to position itself as a city development service provider, focusing on a business model centered around "residential + commercial" [5]. - To counteract the seasonality and cyclicality of the real estate business, the company is actively developing supporting and expanding businesses, including exhibition services, asset management, property management, and area development [5]. Group 5: Financing and Capital Increase - In August 2024, the Shenzhen Stock Exchange accepted the company's application for a private placement of shares, with the total fundraising amount adjusted from "not exceeding 700 million yuan" to "not exceeding 640 million yuan" [6]. - The company is currently progressing normally with the related work for the issuance of shares to specific targets [6]. Group 6: Financial Performance - In Q1 2025, the company reported a main revenue of 77.04 million yuan, a year-on-year decrease of 1.64%, while the net profit attributable to shareholders increased by 786.39% to 180 million yuan [7]. - The company recorded a debt ratio of 42.61% and an investment income of 245 million yuan, with financial expenses amounting to 12.06 million yuan and a gross profit margin of 18.39% [7].

Group 1: Business Development and Strategy - Chongqing Yu Development Co., Ltd. focuses on real estate development, property management, and other sectors to mitigate risks from real estate market fluctuations [2][3] - The company aims to enhance market competitiveness and influence while advancing state-owned enterprise reforms [3] - Future business model is defined as "development + operation," with a focus on urban development and a mix of residential and commercial projects [3] Group 2: Market Conditions - The Chongqing real estate market is adapting to central government policies, including adjustments to housing transaction management and credit policies, which have boosted corporate confidence [3] - The company has four ongoing projects as of December 31, 2024, with three remaining after a subsidiary's change in status [3] Group 3: Fundraising and Financial Adjustments - In August 2024, the company submitted a stock issuance application, which was accepted by the Shenzhen Stock Exchange [4] - The total fundraising amount was adjusted from "not exceeding 700 million yuan" to "not exceeding 640 million yuan" due to project re-evaluations [4] - The validity period for the shareholder meeting resolution regarding the stock issuance has been extended to July 19, 2026 [5]