广东恒益律师事务所 关于珠海华发实业股份有限公司 2024 年第五次临时股东大会的法律意见书 粤恒益法字 2024 第45号 致:珠海华发实业股份有限公司 2、公司已向本所保证,其已提供为出具本法律意见书所需要的资料,并保 证该等资料真实、准确、完整。 3、本所律师按照《股东大会规则》的要求,对公司提供的本次股东大会的 召集与召开程序、出席会议人员资格、表决程序以及本次股东大会的有关文件资 料进行审查验证,并据此发表法律意见。 4、经办律师同意将本法律意见书作为公司信息披露所必须的法定文件,随 公司本次股东大会的决议一起报送上海证券交易所,亦同意将本法律意见书随公 司本次股东大会的决议一并公告。 l 本所律师根据《股东大会规则》第五条的要求,按照律师行业公认的业务标 准,道德规范和勤勉尽责精神,对本次股东大会相关文件和有关事实进行了核查 和验证,现就本次股东大会的相关事项出具如下法律意见: 一、本次股东大会召集、召开的程序 根据《中华人民共和国证券法》(以下简称:"《证券法》")、《中华人民 共和国公司法》(以下简称:"《公司法》")和中国证券监督管理委员会《上市 公司股东大会规则》(以下简称:"《股东大会规 ...

证券代码：600325 证券简称：华发股份 公告编号：2024-061 珠海华发实业股份有限公司 2024 年第五次临时股东大会决议公告 本公司董事局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： 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 563 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 897,324,946 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 32.6044 | | 份总数的比例（%） | | (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等 本次会议的召集人为公司董事局，董事局主席李光宁先生因工作原因不 能主持本次股东大会。根据《公司章程》的相关规定，经董事局主席提议 并经董事局半数以上董事同意，推举董事局副主席陈茵女士主持本次股东 大会。会议的召开符合《公司法》和《公司章程》的有关规定。 (一) 股东大会召开的时间：2024 年 10 月 30 日 (二) 股东大会召 ...

Investment Rating - The report assigns a "Buy" rating to the company [2][4]. Core Insights - The company reported a revenue of 31.559 billion yuan for the first three quarters of 2024, a year-on-year decrease of 33.21%, and a net profit attributable to shareholders of 1.331 billion yuan, down 39.56% year-on-year. The decline in performance is primarily due to reduced project delivery and a decrease in gross profit margin, which stood at 15.81%, down 1.91 percentage points from the same period in 2023 [2][6]. - The company has improved its sales ranking, now positioned 11th in the industry, an increase of three places compared to the full year of 2023. The sales amount for the first three quarters was 65.12 billion yuan, a decrease of 37% year-on-year [2][6]. - A share repurchase plan was announced, with an amount between 300 million to 600 million yuan intended for employee stock ownership plans or equity incentives, aimed at boosting market confidence [2][6]. - Future performance is expected to improve under the support of policies aimed at stabilizing the real estate sector, leading to the "Buy" rating [2][6]. Summary by Sections Financial Performance - For the first three quarters of 2024, the company achieved a revenue of 31.559 billion yuan, down 33.21% year-on-year, and a net profit of 1.331 billion yuan, down 39.56% year-on-year. The gross profit margin was 15.81%, a decline of 1.91 percentage points from the previous year [2][6]. - The sales amount for the third quarter alone was 6.716 billion yuan, reflecting a year-on-year decrease of 57.42%, with a net profit of 66 million yuan, down 75.98% year-on-year [6]. Market Position - The company’s sales ranking improved to 11th in the industry, up three places from 2023, with a total sales amount of 65.12 billion yuan for the first three quarters, which is a 37% decrease year-on-year [2][6]. Share Repurchase - The company announced a share repurchase plan on October 29, 2024, intending to buy back shares worth 300 million to 600 million yuan within 12 months, all for employee stock ownership plans or equity incentives, with a repurchase price not exceeding 9.83 yuan per share [2][6]. Future Outlook - The report anticipates that the company’s revenue for 2024-2026 will be 78.141 billion, 83.700 billion, and 85.615 billion yuan, representing year-on-year growth rates of 8.31%, 7.11%, and 2.29% respectively. The net profit for the same period is projected to be 1.551 billion, 1.685 billion, and 1.815 billion yuan, with respective year-on-year changes of -15.63%, +8.65%, and +7.75% [2][6].

上 市 公 司 证 券 研 究 报 告 房地产 2024 年 10 月 29 日 华发股份 (600325) ——业绩有所下降，销售排名提升，融资保持畅通 | --- | --- | --- | |----------|------------------------------------|-------------------------------| | | 市场数据： | 2024 年 10 月 29 日 | | | 收盘价（元） | 6.86 | | | 一年内最高 / 最低（元） | 8.57/5.06 | | 市净率 | | 0.8 | | | 息率（分红 / 股价） | 5.39 | | 流通 A | 股市值（百万元） | 17,639 | | | 上证指数/深证成指 | 3,286.41/10,543.33 | | | 注："息率"以最近一年已公布分红计算 | | | --- | --- | |---------------------------------|--------------------------------------| | 基础数据 : \n每股净资产（元） | 2024 ...

公 司 报 告 公 司 季 报 点 评 证 券 研 究 报 告 2024年10月30日 房地产 华发股份(600325.SH) 聚焦核心区域，回购彰显信心 推荐 ( 维持) 事项： 股价:6.86元 | --- | --- | |------------------------|----------------------------------| | 行业 | 房地产 | | 公司网址 | www.cnhuafas.com | | 大股东 / 持股 | 珠海华发集团有限公司 /26.34% | | 实际控制人 | 珠海市人民政府国有资产监督管理委 | | | 员会 | | 总股本 ( 百万股 ) | 2,752 | | 流通 A 股 ( 百万股 ) | 2,571 | | 流通 B/H 股 ( 百万股 ) | | | 总市值 ( 亿元 ) | 189 | | 流通 A 股市值 ( 亿元 ) | 176 | | 每股净资产 ( 元 ) | 7.62 | | 资产负债率 (%) | 70.2 | | 行情走势图 | | | | | 相关研究报告 【平安证券】华发股份（600325.SH）*半年报点评* 销售排名 ...

证券代码：600325 证券简称：华发股份 公告编号：2024-060 珠海华发实业股份有限公司 关于召开 2024 年第三季度业绩说明会的公告 本公司董事局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： 会议召开时间：2024 年 11 月 6 日（星期三）下午 14:00-15:00 会议召开地点：上海证券交易所上证路演中心 （二）会议召开地点：上证路演中心 （网址：https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络文字互动 投资者可于 2024 年 10 月 30 日（星期三）至 11 月 5 日（星期二）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过 zqb@cnhuafas.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行 回答。 珠海华发实业股份有限公司（以下简称"公司"）已于 2024 年 10 月 30 日 发布公司 2024 年第三季度报告，为便于广大投资者更全面深入地了解公司 2024 年前三季度经营成果、财务状况，公司计划于 2 ...

Financial Performance - The company's operating revenue for Q3 2024 was ¥6,716,461,433.32, a decrease of 57.42% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was ¥66,102,345.65, down 75.98% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was ¥77,411,153.37, a decrease of 68.77% compared to the same period last year[2]. - Basic earnings per share for Q3 2024 were ¥0.02, down 84.62% compared to the same period last year[4]. - Total operating revenue for the first three quarters of 2024 was CNY 31,558,910,800.79, a decrease from CNY 47,251,026,276.93 in the same period of 2023, representing a decline of approximately 33.3%[14]. - The net profit for the third quarter of 2024 was CNY 1,769,208,701.46, a decrease from CNY 3,111,793,915.72 in the same period last year, representing a decline of approximately 43.0%[15]. - The total comprehensive income for the third quarter of 2024 was CNY 1,806,280,902.78, down from CNY 3,269,426,831.72 in the previous year, indicating a decline of approximately 44.7%[16]. - The total profit for the third quarter of 2024 was CNY 2,615,303,938.47, down from CNY 4,429,195,453.83 in the previous year, representing a decrease of approximately 41.0%[15]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period was ¥3,686,270,672.17, reflecting a decline of 92.04% year-on-year[4]. - The company's cash and cash equivalents decreased to RMB 29.64 billion from RMB 46.32 billion, representing a significant drop of about 36.0%[11]. - The net cash flow from operating activities for Q3 2024 was CNY 3.69 billion, a decrease from CNY 46.30 billion in the same period last year[19]. - The total cash inflow from investment activities was CNY 4.59 billion, down from CNY 6.58 billion year-over-year[19]. - The net cash flow from investment activities was negative at CNY -19.67 billion, compared to CNY -49.26 billion in the previous year[19]. - The cash inflow from financing activities totaled CNY 72.76 billion, a decrease from CNY 88.77 billion year-over-year[19]. - The net cash flow from financing activities was negative at CNY -432.60 million, contrasting with a positive CNY 2.97 billion in the same quarter last year[19]. - The total assets at the end of the reporting period were ¥437,514,558,343.93, a decrease of 3.14% from the end of the previous year[4]. Shareholder Information - The company has a total of 49,181 common shareholders at the end of the reporting period[7]. - The largest shareholder, Zhuhai Huafa Group Co., Ltd., holds 26.34% of the shares[7]. - The total equity attributable to shareholders at the end of the reporting period was ¥20,963,074,177.42, down 5.47% from the end of the previous year[4]. Liabilities and Equity - Total liabilities decreased to CNY 306,928,950,536.40 from CNY 319,999,856,599.69, showing a reduction of about 4.1%[13]. - The total equity attributable to shareholders was CNY 20,963,074,177.42, down from CNY 22,176,545,773.56, representing a decline of approximately 5.5%[13]. - The total liabilities increased to CNY 153.91 billion from CNY 140.44 billion year-over-year[21]. - The total equity decreased to CNY 21.47 billion from CNY 22.01 billion in the previous year[21]. Operational Adjustments and Future Outlook - The company reported a significant decrease in revenue due to a reduction in the scale of real estate project deliveries compared to the previous year[6]. - The company plans to transfer real estate assets to Anju Group for a total consideration of RMB 265.56 million[9]. - A total transaction amount of up to RMB 12 billion is proposed for ongoing real estate transactions with Huafa Group and its subsidiaries[9]. - The company has initiated a privatization plan for Huafa Property Service Group, which was approved on August 28, 2024, and became effective on September 30, 2024[9]. - The company is adjusting management fees and content for entrusted construction projects with Huafa Group to avoid competition[9]. - Future outlook includes potential market expansion and new product development strategies to enhance revenue streams[14].

股票代码：600325 股票简称：华发股份 公告编号：2024-059 珠海华发实业股份有限公司 关于 2024 年三季度经营情况简报 本公司董事局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。 根据《上海证券交易所上市公司自律监管指引第 3 号——行业信息披露第 一号——房地产》要求，公司现将 2024 年前三季度房地产业务主要经营数据披 露如下： 一、销售情况 截至 2024 年 9 月 30 日，公司实现销售金额 651.2 亿元，较去年同期下降 37%；销售面积 227.6 万平方米，较去年同期下降 30%。 二、新增土地项目情况 2024 年 1-9 月，公司新增土地项目如下： 1.上海闵行区七宝镇古美 17-01、21-01 项目：地块东至星中路，西至智联路， 北至宝兰路。土地出让面积为 31,521 平方米，用地性质住宅用地，容积率 2.00。 公司拥有该项目 26.01%权益。 2.广州海珠区琶洲西区 9 亩项目：地块位于海珠区琶洲西区。土地出让面积 为 5,706 平方米，用地性质为住宅用地，容积率 5.26。公司拥有该 ...

股票代码：600325 股票简称：华发股份 公告编号：2024-057 珠海华发实业股份有限公司 一、以十四票赞成、零票反对、零票弃权审议通过了《关于<2024 年第三季 度报告>的议案》。本项议案已经第十届董事局审计委员会 2024 年第八次会议审 议通过，并同意将该议案提交公司第十届董事局第四十五次会议审议。报告全文 详见上海证券交易所网站（www.sse.com.cn）。 二、以十四票赞成、零票反对、零票弃权审议通过了《关于以集中竞价交易 方式回购股份方案的议案》。具体内容详见公司同日在上海证券交易所网站 （www.sse.com.cn）及《上海证券报》《中国证券报》《证券时报》《证券日报》 披露的公告（公告编号：2024-058）。 特此公告。 珠海华发实业股份有限公司 董事局 二〇二四年十月三十日 第十届董事局第四十五次会议决议公告 本公司董事局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。 珠海华发实业股份有限公司（以下简称"公司"）第十届董事局第四十五次会 议通知于 2024 年 10 月 24 日以电子邮件方式发出，会议于 ...

证券代码：600325 证券简称：华发股份 公告编号：2024-058 珠海华发实业股份有限公司 关于以集中竞价方式回购股份的预案 ●回购股份用途：全部用于员工持股计划或者股权激励 ●回购股份价格：不超过人民币 9.83 元/股（不超过董事局审议通过本次回 购股份决议前 30 个交易日公司股票交易均价的 150%）。若公司在回购期内发生派 发红利、送红股、转增股本等除权、除息事项，自股价除权、除息日起，相应调整 回购价格上限。具体回购价格将结合公司股票价格、公司财务状况和经营状况确定。 ●回购股份方式：集中竞价交易方式 ●回购股份期限：自董事局审议通过回购方案之日起 12 个月内。 ●相关股东是否存在减持计划：截至公告披露日，公司董事、监事、高级管 理人员、控股股东、实际控制人及一致行动人、持股 5%以上股东在未来三个月、 未来六个月内暂无减持计划。若未来前述主体提出减持计划，公司将根据相关法律 法规规定及时履行信息披露义务。 ●相关风险提示： 1、本次回购事项存在回购期限内股票价格持续超出回购价格上限，进而导致 本次回购方案无法顺利实施或者只能部分实施等不确定性风险； 本公司董事局及全体董事保证本公告内容不 ...