Beijing Capital Development provides financial aid, reappoints auditor despite losses

Beijing Capital Development is providing financial assistance totaling 282,969.40 million yuan. This includes 128,209.40 million yuan in shareholder loans to five joint ventures and 154,760.00 million yuan in surplus fund transfers from four controlled project companies to minority shareholders. The company states these transactions are part of normal business operations to facilitate project development, with all shareholders participating proportionally, and do not compromise its interests.

The company's board of directors, at its 50th meeting on October 28, 2025, approved the third-quarter report and the re-appointment of Tianjian Certified Public Accountants (Special General Partnership) as its auditor for 2025. The annual audit fee is set at 498 million yuan, with 428 million yuan for financial statements and 70 million yuan for internal control audits. This reappointment is pending shareholder approval.

The third-quarter report for 2025 indicates a 60.31% increase in operating revenue year-to-date, reaching 23,186,037,529.28 yuan. However, the net profit attributable to shareholders was -1,266,147,766.78 yuan for the quarter, and -3,104,694,566.20 yuan year-to-date. This reflects the impact of increased project settlement income despite overall losses.