Core Viewpoint - Recent announcements from multiple A-share listed companies indicate a trend of asset disposals, with "focusing on core business" being a central theme. Companies are divesting non-core and underperforming assets to improve financial conditions and operational efficiency [1][2][3]. Group 1: Asset Disposals - Hangzhou Tiandi Digital Technology Co., Ltd. announced the transfer of 100% equity of its wholly-owned subsidiary for 49 million yuan, aiming to optimize asset structure and improve operational efficiency [1]. - China Travel Service International Logistics Co., Ltd. plans to publicly transfer 100% equity of its wholly-owned subsidiary, emphasizing resource concentration on core business and enhancing competitive advantages [1]. - Shanghai Chuangxing Resource Development Co., Ltd. intends to transfer 100% equity of its subsidiary, which has been affected by litigation and poor receivables, to improve financial health [2]. Group 2: Strategic Focus - The current market environment drives companies to reassess their resources and capabilities, leading to the divestiture of non-core assets to enhance core competitiveness and market share [2]. - Companies are focusing on strategic optimization by selling off loss-making or high-risk assets, which helps in cutting losses and improving financial statements [3]. - The sale of underperforming assets is seen as a dual benefit for companies, allowing them to isolate risks and prevent "problem businesses" from dragging down core operations [3].

上海创兴资源开发股份有限公司（以下简称"创兴资源"、"公司"或"本公 司"）股价近期波动较大。2025 年 11 月 27 日，公司股票涨停。公司仍面临较高的 财务类终止上市等风险，公司特别提醒广大投资者注意二级市场交易风险。 一、公司股票存在被终止上市风险 证券代码：600193 证券简称：*ST 创兴 公告编号：2025－075 公司 2024 年度经审计的利润总额、净利润及扣除非经常性损益后的净利润均 为负值且扣除与主营业务无关的业务收入和不具备商业实质的收入后的营业收入 低于 3 亿元，根据《上海证券交易所股票上市规则》第 9.3.2 条第一款第（一）项 规定，公司股票已于 2025 年 5 月 6 日被实施退市风险警示。 上海创兴资源开发股份有限公司 关于股票交易风险提示的公告 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。 截至 2025 年 9 月 30 日，公司应收账款净额为 30,227.33 万元。部分应收账款 的回款进度存在慢于预期的情况，亦不排除部分应收款项存在无法全部收回的风险。 公司会根据具体回款情 ...

Group 1 - Multiple A-share listed companies are announcing asset disposals, focusing on divesting subsidiaries and idle properties to optimize their asset structures and improve operational efficiency [1][2] - The core theme among these announcements is "focusing on core business," with companies aiming to concentrate resources on their main competencies and enhance competitive advantages [2] - Companies are also motivated to divest non-core or underperforming assets to improve their financial conditions, as seen in the case of Shanghai Chuangxing Resource Development Co., which is transferring a subsidiary involved in numerous lawsuits and poor receivables [2][3] Group 2 - For instance, Hangzhou Tiandi Digital Technology Co. plans to sell its wholly-owned subsidiary for 49 million yuan to optimize its asset structure and reduce management costs [1] - Guangxi Tourism Co. is transferring its wholly-owned subsidiary, which has been continuously losing money since 2008, for 34.5 million yuan to cut losses and improve asset efficiency [3] - The trend of divesting underperforming assets is seen as a dual benefit for companies, allowing them to stop losses and strategically optimize their operations while isolating risks from their core business [3]

Core Viewpoint - *ST Chuangxing (600193.SH) announced significant stock price volatility and the risk of being delisted due to negative financial performance in 2024 [1] Financial Performance - The audited profit total, net profit, and net profit after deducting non-recurring gains and losses for 2024 are all negative [1] - The company's operating revenue is below 300 million [1] Audit and Control - As of now, the company has not appointed an auditing firm for the 2025 annual report and internal control [1] Accounts Receivable - There are delays in the collection of certain receivables, posing a risk of not being fully recoverable [1] - If the provision for credit impairment on accounts receivable is excessively high, it may lead to negative net assets, triggering delisting risks [1]

Market Overview - The decoration and renovation sector saw a slight increase of 0.09% on November 27, with Zhengzhong Design leading the gains [1] - The Shanghai Composite Index closed at 3875.26, up 0.29%, while the Shenzhen Component Index closed at 12875.19, down 0.25% [1] Top Performers - Zhengzhong Design (002811) closed at 16.73, up 9.99% with a trading volume of 455,000 shares and a turnover of 731 million [1] - Meizhi Co., Ltd. (002856) also rose by 9.99% to close at 13.32, with a trading volume of 172,600 shares and a turnover of 214 million [1] - Other notable gainers include ST Chuangxing (600193) up 4.89% and Mingdiao Co., Ltd. (002830) up 4.57% [1] Underperformers - ST Dongyi (002713) fell by 5.00% to close at 13.67, with a trading volume of 95,150 shares and a turnover of 13 million [2] - ST Zhongzhuang (002822) decreased by 4.97% to 4.21, with a trading volume of 522,900 shares and a turnover of 223 million [2] - Other significant decliners include ST Mingjia (300506) down 3.59% and Haikou Development (002163) down 1.97% [2] Capital Flow - The decoration and renovation sector experienced a net outflow of 59.03 million from institutional investors, while retail investors saw a net inflow of 112 million [2] - The main stocks with significant capital flow include Zhengzhong Design with a net inflow of 11.9 million from institutional investors [3] - Meizhi Co., Ltd. had a net inflow of 12.93 million, while ST Baoying (002047) saw a net inflow of 12.39 million [3]

Core Viewpoint - *ST Chuangxing (600193.SH) plans to transfer 100% equity of its wholly-owned subsidiary, Zhuhong Construction, to Taizhou Guange Enterprise Management Co., Ltd. for 200,000 yuan, aiming to divest long-term loss-making assets and improve its asset structure [1] Financial Summary - As of September 30, 2025, Zhuhong Construction has a net asset value of 192,500 yuan and accounts payable of 142 million yuan [1] - The company is involved in multiple lawsuits and is listed as a dishonest executor [1] - For the period from January to September 2025, Zhuhong Construction reported a net loss of 2.41 million yuan [1] - After internal debt offsetting, the company will have approximately 56.20 million yuan payable to Zhuhong Construction [1]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：600193 证券简称：*ST创兴 公告编号：2025－072 上海创兴资源开发股份有限公司 第九届监事会第13次会议决议的公告 本公司监事会及全体监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。 上海创兴资源开发股份有限公司（以下简称"公司"）于2025年11月26日以书面及电话通知方式向监事发 出公司第九届监事会第13次会议通知，会议于2025年11月26日以通讯方式召开。本次会议由监事会主席 汪华斌召集并主持，会议应到监事3名，实到监事3名，董事会秘书列席本次会议。会议召开符合《公司 法》、《证券法》及《公司章程》的相关规定。出席会议的监事审议并表决通过了以下议案： 一、审议通过《关于前期会计差错更正及追溯调整的议案》 表决结果：同意3票，反对0票，弃权0票。 具体内容详见公司同日刊登在上海证券交易所网站（www.sse.com.cn）及《中国证券报》、《上海证券 报》、《证券日报》、《证券时报》上的《关于前期会计差错更正及追溯调整的公告》（公告编号： 2025-070）。 特此公 ...

每经AI快讯，*ST创兴（SH 600193，收盘价：3.68元）11月26日晚间发布公告称，公司第九届第26次董 事会会议于2025年11月26日以通讯方式召开。会议审议了《关于调整转让子公司股权方案暨关联交易的 议案》等文件。 2025年1至6月份，*ST创兴的营业收入构成为：软件和信息技术服务业占比100.0%。 截至发稿，*ST创兴市值为16亿元。 每经头条（nbdtoutiao）——国开行辟谣的"人民资产"是什么？记者实探：号称投资600元80天赚8万 元！一位投资人的女儿：劝不住她，警察都拦不住 （记者 张明双） ...

证券代码：600193 证券简称：*ST 创兴 公告编号：2025－071 上海创兴资源开发股份有限公司 第九届董事会第 26 次会议决议的公告 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。 上海创兴资源开发股份有限公司（以下简称"公司"）于 2025 年 11 月 26 日以书面及电话通知方式向董事发出公司第九届董事会第 26 次会议通知，会议 于 2025 年 11 月 26 日以通讯方式召开。本次会议由代行董事长杨喆主持，会议 应到董事 5 名，实到董事 4 名，董事刘鹏因个人原因无法出席本次会议。公司部 分监事及高级管理人员列席本次会议。本次会议的召集和召开符合有关法律、法 规、规章和《公司章程》的规定。全体与会董事审议并表决情况如下： 本议案已经公司第九届董事会战略委员会第 4 次会议、第九届董事会独立董 事专门会议第 5 次会议审议通过并同意提交公司董事会审议。 具体内容详见公司同日刊登在上海证券交易所网站（www.sse.com.cn）及《中 国证券报》、《上海证券报》、《证券日报》、《证券时报》上的《关于调整 ...

证券代码：600193 证券简称：*ST 创兴 公告编号：2025－070 上海创兴资源开发股份有限公司 关于前期会计差错更正及追溯调整的公告 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： 公司于 2025 年 11 月 26 日召开第九届董事会第 26 次会议、第九届监事会第 13 次会议。会议审议通过了《关于前期会计差错更正及追溯调整的议案》，同意公司 根据《企业会计准则第 28 号——会计政策、会计估计变更和差错更正》《公开发 行证券的公司信息披露编报规则第 19 号——财务信息的更正及相关披露》和上海 证券交易所的相关文件规定，对公司相应的定期报告会计差错进行更正，具体情况 如下： 一、本次会计差错更正的原因及说明 2025 年 11 月 24 日，公司收到中国证券监督管理委员会上海监管局下发的行 政监管措施决定书〔2025〕230 号（以下简称"决定书"），具体内容详见公司同 日披露于上海证券交易所网站的《关于收到中国证券监督管理委员会上海监管局 行政监管措施决定书的公告》（公告编号：2025-06 ...