证券代码：601512 证券简称：中新集团 公告编号：2024-041 中新苏州工业园区开发集团股份有限公司 关于参与投资千乘二期（广州）创业投资基金合伙企业（有限合 伙）的进展公告 本公司董事会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。 2021 年 7 月，中新苏州工业园区开发集团股份有限公司（以下简称"公司") 召开管理层会议，审议通过了《关于参与投资千乘二期（广州）创业投资基金合 伙企业（有限合伙）的议案》，同意公司参与投资由深圳白杨投资管理有限公司 发起设立的千乘二期（广州）创业投资基金合伙企业（有限合伙）（以下简称"千 乘资本二期人民币基金"），公司认缴出资不超过 5,000 万元，且占比不超过最 终基金认缴总额的 5%。具体内容详见公司于 2021 年 7 月 9 日在上海证券交易所 网站（www.sse.com.cn）披露的公告（编号：2021-035）。 2023 年 8 月，公司收到千乘资本二期人民币基金管理人通知，千乘资本二 期人民币基金已募集完毕并完成了中国证券投资基金业协会的基金备案更新及 工商变更登记，认缴 ...

证券代码：601512 证券简称：中新集团 公告编号：2024-037 中新苏州工业园区开发集团股份有限公司 公司债券发行预案公告 本公司董事会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。 一、关于公司符合发行公司债券条件的说明 根据《中华人民共和国公司法》《中华人民共和国证券法》以及《公司债发 行与交易管理办法》等有关法律、法规和规范性文件的规定，经对照自查，公司 董事会认为本公司符合现行公司债券政策和面向 《公司债券发行与交易管理办法》 规定的专业投资者（以下简称"专业投资者"）公开发行公司债券条件的各项规 定，具备向专业投资者公开发行公司债券的资格。 二、本次发行概况 （一）发行规模 本次发行的公司债券规模不超过人民币 20 亿元（含 20 亿元），具体发行规 模将提请股东大会授权董事会并由董事会授权董事长依据国家法律、法规及证券 监管部门的有关规定，根据公司资金需求情况和发行时市场情况，在上述范围内 确定。 （二）发行方式 本次债券在批文有效期内，以一次或分期形式通过上海证券交易所向具备相 应风险识别和承担能力的专业投资者公开发 ...

中新苏州工业园区开发集团股份有限公司 2024 年第一次临时股东大会会议资料 证券简称：中新集团 证券代码：601512 中新苏州工业园区开发集团股份有限公司 2024年第一次临时股东大会 2024 年 10 月 16 日 1 中新苏州工业园区开发集团股份有限公司 2024 年第一次临时股东大会会议资料 目 录 | 会议须知 3 | | --- | | 2024 年第一次临时股东大会议程 5 | | 议案一 关于中新集团申请发行 20 亿元公司债券的议案 7 | 2 中新苏州工业园区开发集团股份有限公司 2024 年第一次临时股东大会会议资料 会议须知 为确保中新苏州工业园区开发集团股份有限公司（以下简称"公 司"）股东在公司股东大会（以下简称"本次会议"）期间依法行使 权利，保证本次会议的会议秩序和议事效率，公司特将本次会议相关 事项通知如下： 一、公司根据《公司法》《证券法》《中新苏州工业园区开发集团 股份有限公司章程》（以下简称"《公司章程》"）及《中新苏州工 业园区开发集团股份有限公司股东大会议事规则》的规定，认真做好 召开本次会议的各项工作。 $$\begin{array}{c}{{\overlef ...

证券代码：601512 证券简称：中新集团 公告编号：2024-040 中新苏州工业园区开发集团股份有限公司 关于控股子公司中新智地苏州工业园区有限公司参与投资苏州宜行 天下创业投资合伙企业(有限合伙)的进展公告 本公司董事会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。 2024 年 10 月 1 日 延长投资期后，宜行天下基金管理费原有的计费方式不变，没有额外增加公 司成本。宜行天下基金拟延长合伙企业投资期的事项预计对基金的后续运营不会 产生不利影响。 特此公告。 中新苏州工业园区开发集团股份有限公司董事会 2023 年 3 月，中新苏州工业园区开发集团股份有限公司（以下简称"公司"） 召开管理层会议，审议批准了《关于中新智地参与投资苏州宜行天下创业投资合 伙企业(有限合伙)的议案》。公司控股子公司中新智地苏州工业园区有限公司拟 作为有限合伙人以自有资金参与投资苏州宜行天下创业投资合伙企业(有限合伙) （以下简称"宜行天下基金"）,认缴出资不超过 5,000 万元，且占比不超过最终 基金认缴总额的 3%。具体内容详见公司于 2023 ...

Investment Rating - The report maintains a "Recommended" rating for the company, with a target price of 8.69 yuan [1][2]. Core Views - The company reported a revenue of 1.511 billion yuan for the first half of 2024, a year-on-year decrease of 20.88%, and a net profit attributable to shareholders of 562 million yuan, down 27.14% year-on-year. The decline in revenue is primarily due to a reduction in land transfer area, particularly with no residential land sales in the Suzhou Industrial Park's Xietang project during the first half of the year [2]. - Despite the revenue decline, the company is actively developing its park operations, with leasing revenue reaching 397 million yuan, an increase of 11% year-on-year. The company benefits from a strong location advantage and effective investment attraction capabilities, ensuring stable growth in property leasing income [2]. - The company's main business of park development and operation is supported by its green utilities and industrial investments, which are progressing steadily. As of the first half of 2024, the company has connected 179 MW of new photovoltaic power stations to the grid, with a total of 653 MW of distributed photovoltaic power stations connected, achieving 32.7% of its 2 GW target [2]. Financial Summary - For 2024, the company is projected to have total revenue of 3.246 billion yuan, a decrease of 11.2% compared to 2023, with a net profit of 1.085 billion yuan, down 20.3% [3]. - The earnings per share (EPS) for 2024 is estimated at 0.72 yuan, with a price-to-earnings (P/E) ratio of 9 [3]. - The company’s total assets are projected to reach 37.435 billion yuan by 2024, with a debt-to-asset ratio of 47% [4].

证券代码：601512 证券简称：中新集团 公告编号：2024-035 中新苏州工业园区开发集团股份有限公司 关于召开 2024 年半年度业绩说明会的公告 本公司董事会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： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 http://roadshow.sseinfo.com/） （三）会议召开方式：上证路演中心网络互动 三、参加人员 投资者可于2024年8月30日（星期五）至9月5日（星期四）16:00前登录 上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 securities@cssd.com.cn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。 中新苏州工业园区开发集团股份有限公司（以下简称"公司"）已于2024年 8月27日发布公司2024年半年度报告，为便于广大投资者更全面深入地了解公 司2024年半年度经营成果、财务状况，公司计划于2024年9月6日上午10:00- 11:00举行2024年半年度业绩 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company has experienced a decline in revenue and profit, with a year-on-year revenue drop of 20.9% to 1.511 billion yuan and a net profit decrease of 27.1% to 562 million yuan. However, the gross margin improved by 9.4 percentage points to 62.0%, while the net margin decreased by 6.2 percentage points to 41.2% [4] - The company is adjusting its profit forecasts due to market downturn impacts on park development, with expected net profits for 2024-2026 revised to 1.17 billion, 1.26 billion, and 1.40 billion yuan respectively [4] - The company's "one body, two wings" business model is expected to continue to enhance performance through synergistic development of emerging businesses [4] Revenue and Profit Summary - The company's revenue for 2024 is projected at 3.061 billion yuan, down 16.3% year-on-year, with net profit expected at 1.172 billion yuan, a decrease of 13.9% [7] - The gross margin is forecasted to be 47.1% in 2024, with a net margin of 43.5% [7] Operational Performance - As of mid-2024, the company has developed and operated over 250 square kilometers of industrial park area, attracting 39 projects to the Suzhou Industrial Park, totaling approximately 2,540 projects [5] - The company has achieved a comprehensive occupancy rate of over 90% for its self-owned properties and 64% for its district parks [5] Investment Activities - The company has committed to 51 funds with a total investment of nearly 4.35 billion yuan, facilitating 96 projects with a total investment of 64.1 billion yuan [6] - The company has directly invested in 38 technology projects totaling 570 million yuan, generating a total investment of 8.6 billion yuan [6] Financial Metrics - The company's earnings per share (EPS) for 2024 is projected at 0.78 yuan, with corresponding price-to-earnings (P/E) ratios of 8.5, 8.0, and 7.1 for 2024, 2025, and 2026 respectively [4][7]

Investment Rating - The report maintains a **"Buy"** rating for the company, with a target price of **11.14 CNY**, unchanged from the previous rating [2] - The current stock price is **7.43 CNY**, indicating a potential upside based on the target price [2] Core Views - The company's performance in H1 2024 was under pressure due to factors such as reduced land sales and declining investment income [3][4] - Despite short-term challenges, the company's core business in park development and operations remains competitive, with growth potential in its "two wings" strategy (industrial investment and green development) [4] - Revenue in H1 2024 decreased by **20.9% YoY** to **1.51 billion CNY**, while net profit attributable to shareholders fell by **27.1% YoY** to **560 million CNY**, with a net profit margin of **37.2%** [4] - The company is focusing on its core business by divesting non-core assets, such as the planned transfer of **51%** of Zhongxin Heshun's equity, which is expected to provide strong support to future performance [4] Business Performance - Park development and operations revenue declined by **23.3% YoY** to **1.15 billion CNY**, accounting for **76%** of total revenue [4] - Green utility business revenue decreased by **12.1% YoY** to **300 million CNY**, representing **19.6%** of total revenue [4] - The decline in park development revenue was primarily due to industry-wide adjustments in the real estate sector, leading to reduced land sales [4] - Investment income fell by **44.7% YoY**, and fair value change income dropped by **87.8% YoY**, contributing to the larger decline in net profit compared to revenue [4] Strategic Initiatives - The company is advancing its "two wings" strategy, focusing on industrial investment and green development [4] - In green development, the company added **179 MW** of grid-connected capacity in H1 2024, bringing the total to **653 MW**, achieving **32.7%** of its **2 GW** target by 2025 [4] - In industrial investment, the company committed **160 million CNY** to four market-oriented funds, driving total fund investments to **4.1 billion CNY**, and added two direct investment projects [4] Financial Forecasts - Revenue is expected to grow by **3.5%** in 2024, **5.0%** in 2025, and **6.7%** in 2026, reaching **4.24 billion CNY** by 2026 [5] - Net profit attributable to shareholders is projected to increase by **1.7%** in 2024, **7.0%** in 2025, and **7.3%** in 2026, reaching **1.59 billion CNY** by 2026 [5] - EPS is forecasted to be **0.92 CNY** in 2024, **0.99 CNY** in 2025, and **1.06 CNY** in 2026 [5] Valuation Metrics - The company's P/E ratio is **8.04x** for 2024, **7.52x** for 2025, and **7.01x** for 2026 [5] - The P/B ratio is **0.74x** for 2024, **0.69x** for 2025, and **0.65x** for 2026 [5] - The dividend yield is expected to remain stable at **4.5%** from 2024 to 2026 [5]

Financial Performance - The company's operating revenue for the first half of 2024 was CNY 1,511,416,337.52, a decrease of 20.88% compared to CNY 1,910,394,654.99 in the same period last year[14]. - The net profit attributable to shareholders of the listed company was CNY 561,641,718.00, down 27.14% from CNY 770,860,484.08 in the previous year[14]. - Basic earnings per share for the first half of 2024 were CNY 0.37, a decrease of 27.45% from CNY 0.51 in the same period last year[14]. - The diluted earnings per share were also CNY 0.37, reflecting the same decrease of 27.45% compared to the previous year[14]. - The company reported a decrease of 22.08% in net profit after deducting non-recurring gains and losses, amounting to CNY 552,623,550.57 compared to CNY 709,241,107.19 last year[14]. - The company reported a net profit for the first half of 2024 of CNY 164,253,312.58, down from CNY 252,565,269.33 in the first half of 2023, representing a decline of about 35%[161]. - The total comprehensive income for the first half of 2024 was CNY 498,522,560.40, compared to CNY 653,000,862.16 in the same period of 2023[165]. Cash Flow and Assets - The net cash flow from operating activities increased by 64.01% to CNY 557,356,575.93, compared to CNY 339,827,523.03 in the same period last year[14]. - The company's cash flow from operating activities showed improvement, with a net cash inflow of CNY 785,365,834.65 compared to CNY 1,127,914,367.22 in the previous year[161]. - Cash and cash equivalents at the end of the first half of 2024 were CNY 3,276,255,207.89, down from CNY 4,353,454,484.90 at the end of the first half of 2023[168]. - The total assets at the end of the reporting period were CNY 35,454,672,495.57, reflecting a 1.20% increase from CNY 35,035,731,323.56 at the end of the previous year[14]. - The company's cash and cash equivalents decreased to CNY 3,449,056,724.24 from CNY 3,858,068,723.43, representing a decline of 10.59%[156]. - The total liabilities reached CNY 16,201,269,380.42, up from CNY 15,929,288,054.33, indicating an increase of 1.70%[157]. Investments and Projects - The company has invested in various sectors including information technology, high-end equipment, and new energy materials, covering all stages from early to mature phases[21]. - The company has established an industrial investment fund totaling 800 million RMB, focusing on early to mid-stage investments in key industries such as life sciences, information technology, and high-end equipment[28]. - The company has cumulatively delivered approximately 526,000 square meters of projects in various districts, with a total building area of about 1.5 million square meters in the regional development[49]. - The company has introduced over 2,540 projects to the park, with more than 600 technology projects and a total of 191 billion USD in registered foreign investment[36]. - The company has signed 22 new projects at the Singapore International Business Cooperation Center, bringing the total to over 130 projects, including more than 30 high-quality technology enterprises[36]. Environmental and Social Responsibility - The company is focusing on green development, with initiatives in green power generation, emission reduction, and green services to support low-carbon operations[29]. - The company has established a comprehensive environmental management system to ensure compliance with discharge standards[88]. - The actual emissions for hazardous air pollutants in the first half of 2024 were all reported as zero, indicating compliance with emission standards[93]. - The company has facilitated local employment and entrepreneurship through various initiatives, including the development of a 30-acre peach orchard[104]. - The company has improved rural infrastructure and environment, enhancing the living conditions in local villages[104]. Corporate Governance and Compliance - The company held its annual general meeting on May 10, 2024, where all proposals were approved without any dissenting votes[79]. - The company confirms that the prospectus for its initial public offering (IPO) does not contain any false records, misleading statements, or significant omissions, and it assumes legal responsibility for its authenticity, accuracy, and completeness[108]. - The company will publicly apologize if it fails to fulfill its commitments and will not transfer its shares until the commitments are fulfilled[115]. - The company has not received any penalties or corrective actions related to violations of laws or regulations during the reporting period[118]. - The company has not disclosed any major related party transactions during the reporting period[118]. Financial Ratios and Performance Metrics - The current ratio decreased to 1.99 from 2.19, a decline of 9.13%[155]. - The debt-to-asset ratio increased slightly to 45.70% from 45.47%, showing a change of 0.23%[155]. - The interest coverage ratio decreased to 5.32 from 7.30, a decline of 27.12%[155]. - The cash interest coverage ratio improved to 6.10 from 5.27, an increase of 15.75%[155]. - The company's total interest-bearing debt decreased by 1.96% year-on-year, from CNY 44.48 billion at the beginning of the period to CNY 43.61 billion at the end of the period[149].

证券代码：601512 证券简称：中新集团 公告编号：2024-034 2024 年 8 月 24 日 2023 年 9 月，中新苏州工业园区开发集团股份有限公司（以下简称"公司") 管理层会议审议通过了《关于参与投资南京绿动新材料创业投资合伙企业（有限 合伙）的议案》，同意公司参与投资由绿动投资管理有限公司为管理人的南京绿 动新材料创业投资合伙企业（有限合伙）（以下简称"绿动新材料基金"），公司 认缴出资不超过 5,000 万元，且占比不超过最终基金认缴总额的 10%。具体内容 详见公司于 2023 年 9 月 26 日在上海证券交易所网站（www.sse.com.cn）披露的 公告（编号：2023-054）。 近日，公司收到绿动新材料基金管理人通知，截至目前,绿动新材料基金已 募集完毕，并完成了中国证券投资基金业协会的基金备案更新及工商变更登记， 认缴出资额合计 67,778 万元，具体情况如下： | 名称 | 合伙人类型 | 认缴出资 （万元人民币） | 出资方式 | | --- | --- | --- | --- | | 南京绿动企业管理合伙企业 | 普通合伙人 | 678 | 货币 | | （有限合 ...