Summary of 2025 Annual Report of Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
Stock code: 000029, 200029 Stock abbreviation: SPG A, SPG B Announcement No.: 2026-011
Shenzhen Special Economic Zone Real Estate &
Properties (Group) Co., Ltd.
Abstract of 2025 Annual Report
I. Important notes
The summary of the annual report is extracted from the full text of the annual report. In order to fully understand the
Company's operating results, financial status and future development plans, investors should carefully read the full text
of the annual report on the media designated by the CSRC.
All directors attended the board meeting at which this report was considered.
Prompt of a modified report
□ Applicable√ Not applicable?
Proposed profit distribution plan or the proposal for capitalization of reserves to increase share capital for the reporting
period deliberated by the Board of Directors
?√Applicable □Not applicable
Whether to convert capital reserves to capital shares
□ Yes √ No?
The company’s profit distribution plan approved by the board of directors this time is: based on 1,011,660,000 shares,
a cash dividend of 0.35 yuan (tax included) will be distributed to all shareholders for every 10 shares, and 0 shares
(tax included) will be given as bonus shares. The capital reserve will not be converted into share capital. This Report
has been prepared in both Chinese and English. In case of any discrepancy, the Chinese version shall prevail. Table
of Contents .Important Notice, Table of contents and Definitions II. Company Profile & Financial Highlights.
Proposed profit distribution plan for preferred shares for the reporting period resolved by the Board of Directors
□Applicable ? Not applicable
II. Basic information of the Company
Stock name SPG, SPG-B Stock code
（200029）
Stock exchange Shenzhen Stock Exchange
Contact person and contact
Secretary of the Board of Directors Securities affairs representative
information
Name Luo Yi Hong Lu
Office address Luohu District, Shenzhen, Guangdong, Luohu District, Shenzhen, Guangdong,
P.R.China P.R.China
Fax （86 755）82294024 （86 755）82294024
Tel. （86 755）25108897 （86 755）25108837
E-mail spg@sfjt.sihc.com.cn spg@sfjt.sihc.com.cn
Summary of 2025 Annual Report of Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
The Company focuses on the development of residential properties. Its projects for sale are mainly
located in Shenzhen and Shantou, including SF Cui Lin Yuan in Shenzhen and Tianyue Bay in
Shantou. The Company is specialised in residential real estate development, with on-sale projects
mainly distributed in Shenzhen and Shantou. These include Cuilinyuan in Shenzhen and Tianyuewan
in Shantou.
(1) Major accounting data and financial indicators in the past three years
Whether the Company needs to retroactively adjust or restate the accounting data of previous years
□ Yes √ No?
Unit: RMB
Increase/decrease at
the end of this year
As at the end of 2025 As at the end of 2024 As at the end of 2023
compared with the
end of last year
Total assets 3,882,782,985.57 5,987,780,656.67 -35.15% 6,485,312,507.46
Net assets
attributable to
shareholders of the
listed company
Increase/decrease
with last year
Operating revenue 1,482,872,299.36 407,022,191.44 264.32% 530,887,720.68
Net profit attributable
to shareholders of 99,956,003.75 -176,710,947.65 156.56% -250,839,542.09
the listed company
Net profit attributable
to shareholders of
listed companies
after deducting non-
recurring profit or
loss
Net cash flows from
-95,319,433.93 -127,403,949.79 25.18% 1,045,037,248.19
operating activities
Basic earnings per
share (RMB/share)
Diluted earnings per
share (RMB/share)
Weighted average
rate of return on net 2.81% -4.91% 7.72% -6.52%
assets
Summary of 2025 Annual Report of Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
(2) Quarterly main accounting data
Unit: RMB
Q1 Q2 Q3 Q4
Operating revenue 330,053,200.67 307,313,020.68 261,486,861.10 584,019,216.91
Net profit attributable
to shareholders of 72,421,123.75 30,606,522.67 42,090,029.10 -45,161,671.77
the listed company
Net profit attributable
to shareholders of
listed companies
after deducting non-
recurring profit or
loss
Net cash flows from
-18,784,578.27 -68,637,663.31 -4,582,204.79 -3,314,987.56
operating activities
Whether the above financial indicators or their aggregate are significantly different from the financial indicators related
to the Company's disclosed quarterly and semi-annual reports
□ Yes √ No?
(I) Number of ordinary shareholders, number of preferred shareholders whose voting rights have been
restored, and shareholdings of the top 10 shareholders
Unit: shares
Total
number of
Total ordinary
Total number of Total number of
number of sharehold
preferred preferred shareholders
ordinary ers at the
shareholders whose voting right is
sharehold end of the
ers at the month
have been restored the month before the
end of the before the
at the end of the disclosure date of the
reporting disclosure
reporting period annual report
period. date of the
annual
report
Shareholdings of the top 10 shareholders (excluding shares lent through refinancing)
Number of Pledge, marking or
shares held freezing
Nature of Sharehold Number of
Name of shareholder under
shareholder ing ratio shares held Share
restricted Number
conditions status
State-
Shenzhen Investment 554,247,28 Not
owned legal 54.79% 0 0
Holdings Co., Ltd. 0 applicable
person
Domestic
Shenzhen State-owned
non-state- Not
Equity Operation 6.35% 64,288,426 0 0
owned legal applicable
Management Co., Ltd.
person
Yang Jianmin Domestic 1.02% 10,287,700 0 Pledged 3,890,000
Summary of 2025 Annual Report of Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
natural
person
Hong Kong Securities
Overseas Not
Clearing Company Ltd. 0.70% 7,038,483 0 0
legal person applicable
(HKSCC)
Domestic
Not
Wang Yulan natural 0.62% 6,228,591 0 0
applicable
person
Domestic
Not
Zhang Xiujuan natural 0.46% 4,696,600 0 0
applicable
person
Domestic
Not
He Qiao natural 0.39% 3,968,100 0 0
applicable
person
Domestic
Not
Wang Jinghua natural 0.31% 3,100,000 0 0
applicable
person
Domestic
Not
Wang Zhengying natural 0.29% 2,961,900 0 0
applicable
person
Domestic
Not
Zhang Tianxue natural 0.28% 2,830,283 0 0
applicable
person
Among the top 10 shareholders of the Company, Shenzhen State-owned Equity
Notes to shareholders'
Management Co., Ltd. is a wholly-owned subsidiary of Shenzhen Investment Holdings Co.,
related relationship or
Ltd. The Company does not know whether there exists associated relationship among the
persons acting in
other shareholders, or whether they are persons acting in concert as prescribed in the
concert
Administrative Measures for the Acquisition of Listed Companies.
Shareholders Among the top 10 shareholders, the shareholder ranked 3rd holds 6,180,200 shares in a
participating in margin credit securities account, the 6th ranked shareholder holds 4,600,000 shares in a credit
financing and securities securities account, the 7th ranked shareholder holds 3,112,986 shares in a credit securities
lending business (if account, and the 9th ranked shareholder holds 2,961,900 shares in a credit securities
any) account.
Participation of shareholders holding more than 5% of the shares, the top 10 shareholders and the top 10
shareholders of unrestricted tradable shares in refinancing business and lending shares
□ Applicable√ Not applicable?
Changes of the top 10 shareholders and the top 10 shareholders of unrestricted tradable shares compared with the
previous period due to refinancing lending/repayment
□ Applicable√ Not applicable?
(2) Total number of preferred shareholders of the Company and shares held by top 10 preferred shareholders
□ Applicable√ Not applicable?
The Company had no preferred shareholders during the reporting period.
Summary of 2025 Annual Report of Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
(3) Disclose the property rights and control relationship between the company and the actual owner in the
form of a block diagram
The State-owned Assets Supervision and Administration Commission
of the People’s Government of Shenzhen Municipal
Shenzhen Investment Holdings Co.,
Ltd.
Shenzhen State-owned Equity Operation
Management Co., Ltd.
Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
□ Applicable√ Not applicable?
III. Important matters
For details, please refer to the full text of the Company's 2025 Annual Report.
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