中国国际贸易中心股份有限公司发布2026年度与控股股东日常关联交易公告——投资者需关注的要点

一、公告概览

中国国际贸易中心股份有限公司（简称“中国国贸”，股票代码：600007）于2026年3月31日发布了关于公司与控股股东中国国际贸易中心有限公司（下称“国贸有限公司”）日常关联交易的公告。公告详细披露了2025年度日常关联交易的执行情况、2026年度的预计交易金额、主要交易内容、定价政策及相关协议，并通过了董事会及独立董事的审议。

二、投资者需关注的核心内容

1. 关联交易规模与结构

• 2025年度实际发生的日常关联交易总额为95,300,923元，2026年度预计金额为100,395,949元。
• 交易主要分为“购销商品、提供和接受劳务”及“租赁”两大类，涉及支付餐饮费、劳务费、服务费、租金等，以及收取管理佣金、维修保养费、工程管理服务费、保安服务费等多项收入。
• 2026年度日常关联交易金额较2025年略有提升，显示公司与控股股东间的业务合作持续且稳定。

2. 关键交易明细

• 支付国贸有限公司的餐饮费、劳务费、服务费、食品加工费、蒸汽费、电费等，预计金额分别为280万元、685.87万元、769.07万元、611.70万元、561.27万元。
• 收取国贸有限公司的销售及管理佣金、维修保养费、工程管理服务费、保安服务费、信息系统维护费、餐饮费等，单项金额最高达1081.77万元。
• 租赁方面，支付库房、办公区域、公寓租金合计约390.5万元，收取库房、公寓及停车位、总部办公用房、美食店等租金合计约657.7万元。

3. 交易协议及定价政策

• 公司与国贸有限公司签订了多份长期委托经营管理协议、租赁协议。例如，二期物业中心、国贸中心19#楼、国贸西写字楼、国贸东楼等均为自动顺延协议，保障了双方合作的连续性。
• 定价政策均以市场价格为基础，协商确定，操作公开透明，减少利益输送及利益冲突的风险。
• 部分委托管理协议因区域重新规划于2025年7月31日解除（如“美丽田园”区域），投资者需关注其对公司管理收入的边际影响。

4. 关联交易的独立性及合规性

• 公司强调日常关联交易不会导致对控股股东的依赖，上市公司独立性未受影响。
• 所有关联交易均履行了必要的董事会及独立董事审议程序，涉及关联董事均已回避表决，确保决策公正。

三、潜在影响及投资者需警惕事项

• 日常关联交易规模较大并在逐年提升，反映公司与控股股东之间的密切合作关系，有助于公司稳定经营收入，增强核心物业管理能力。
• 区域委托管理协议的调整（如“美丽田园”区域的解除）或对公司部分业务收入产生边际影响，建议投资者持续关注相关区域调整对公司未来业绩的影响。
• 持续的关联交易可能引发市场对公司独立性和利润分配公允性的关注，需密切跟踪监管政策及公司相关披露。

四、程序合规与董事会意见

• 2026年3月30日，独立董事会议无异议通过相关议案；2026年3月31日，董事会非关联董事全票通过，无反对票、弃权票，程序合规、透明。

五、结论与投资建议

本次公告显示中国国贸与控股股东关联交易持续稳定，交易规模温和增长，协议条款透明公开，未对公司独立性构成实质影响。需关注的是，个别区域管理协议的解除可能对部分管理收入带来边际影响，但整体业务框架稳健。投资者应持续跟踪公司未来相关协议的变动及其对收入结构的影响，关注监管层对关联交易的政策动态，以及公司独立性和利益公允性的持续披露。

免责声明：本文内容仅作信息参考，不构成任何投资建议。投资者应结合自身风险承受能力和专业意见作出决策。

English Version

China World Trade Center Announces 2026 Related Party Transactions with Controlling Shareholder—Key Points for Investors

1. Overview

China World Trade Center Co., Ltd. (“China World Trade Center”, stock code: 600007) released its 2026 related party transaction announcement with its controlling shareholder, China World Trade Center Limited (“CWTC”), on March 31, 2026. The announcement details the execution of related transactions in 2025, the expected transaction amounts for 2026, major transaction content, pricing policies, and relevant agreements. These have been reviewed and approved by the Board and independent directors.

2. Key Content for Investors

1. Transaction Scale and Structure

• The total actual related party transactions in 2025 amounted to RMB 95,300,923, with the amount expected to rise to RMB 100,395,949 in 2026.
• Transactions are mainly divided into “purchase and sales of goods/provision and acceptance of services” and “leasing,” covering payments such as catering fees, labor services, service fees, rent, and receipts such as management commissions, maintenance fees, engineering management service fees, and security service fees.
• The transaction amount is steadily increasing, indicating ongoing and stable business cooperation with the controlling shareholder.

2. Key Transaction Details

• Payments to CWTC for catering, labor, service, food processing, steam, and electricity fees; for 2026, projected at RMB 2.8 million, RMB 6.86 million, RMB 7.69 million, RMB 6.12 million, and RMB 5.61 million, respectively.
• Receipts from CWTC for sales and management commissions, maintenance fees, engineering management service fees, security service fees, IT maintenance fees, catering fees, with individual items up to RMB 10.92 million.
• In leasing, rent paid for warehouse, office, and apartments totals about RMB 3.9 million; rent received for warehouse, apartments, parking, HQ office, and gourmet stores totals about RMB 6.58 million.

3. Agreements and Pricing Policies

• Multiple long-term entrustment and leasing agreements signed, such as for Phase II Property Center, Building 19, West Office Tower, East Tower, with automatic renewals ensuring continuity.
• All pricing is based on market prices, agreed through negotiation, ensuring openness and transparency and reducing risk of benefit transfer or conflicts of interest.
• Some entrusted management agreements were terminated due to regional replanning (e.g., “Beauty Farm” area as of July 31, 2025); investors should note the marginal impact on management income.

4. Independence and Compliance

• The company stresses that related transactions will not cause dependence on the controlling shareholder or affect its independence.
• All related transactions were reviewed by the Board and independent directors, with related directors recused from voting, ensuring fairness.

3. Potential Impacts and Investor Alerts

• The large and growing scale of related transactions reflects a close business relationship, supporting stable operating income and core property management capability.
• Adjustments of certain entrusted management agreements (e.g., “Beauty Farm” area termination) may marginally affect some business income; investors should monitor how future regional adjustments impact the company’s performance.
• Ongoing related transactions may raise market concerns about independence and profit fairness; investors should follow regulatory policies and the company’s disclosures.

4. Compliance and Board Opinions

• On March 30, 2026, the independent director meeting passed the proposal without objection; on March 31, 2026, all non-related directors voted in favor at the Board meeting, with no opposition or abstentions—processes were compliant and transparent.

5. Conclusion and Investment Advice

This announcement shows that China World Trade Center’s related transactions with its controlling shareholder are steady, moderately growing, and transparent, without compromising independence. Notably, the termination of some regional management agreements may marginally affect management income, but the overall business framework remains stable. Investors should continue to monitor future changes in agreements and their income impact, regulatory developments, and the company’s ongoing disclosure on independence and fairness.

Disclaimer: The above content is for information only and does not constitute investment advice. Investors should make decisions based on their own risk tolerance and professional advice.

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