Group 1 - The company Kexin Development announced that as of the date of the announcement, the total amount of external guarantees provided by the company and its controlling subsidiaries is 30 million yuan, excluding the amount of guarantees proposed this time [1] - The balance of guarantees is 8 million yuan, with the total amount of guarantees to the controlling subsidiary being 30 million yuan and a balance of 8 million yuan [1] - The total amount of guarantees accounts for 6.40% of the company's most recent audited net assets, and there are no overdue guarantees from the company or its controlling subsidiaries [1] Group 2 - International gold prices have surpassed 5,000 dollars, marking a 280% increase over the past seven years [1] - Experts suggest that the key factors influencing gold prices include the US dollar, the international monetary system, interest rate cuts, and technological revolutions [1]

Core Viewpoint - The company Kexin Development (600234.SH) is expected to report a net loss for the fiscal year 2025, with projections indicating a loss between 19.92 million to 13.28 million yuan compared to the previous year [1] Financial Performance - The anticipated net profit attributable to the parent company for 2025 is projected to be between -19.9165 million to -13.278 million yuan [1] - The expected net profit after deducting non-recurring gains and losses for 2025 is forecasted to be between -42.8323 million to -28.5787 million yuan [1]

南财智讯1月23日电，科新发展发布业绩预亏公告，预计2025年年度实现归属于母公司所有者的净利润 为-1,991.65万元到-1,327.80万元，与上年同期相比，将出现亏损。预计2025年年度实现归属于母公司所 有者的扣除非经常性损益后的净利润为-4,283.23万元到-2,857.87万元。报告期建筑工程行业竞争依然激 烈，为开拓市场获取新客户，部分项目的毛利率有所下降。报告期，对互联网广告营销业务的应收款项 和宝能系历史应收款项等共计提了信用减值损失约1,500万元。以公允价值计量的投资性房地产评估价 值较上年度减少约460万元。 ...

Financial Performance - The company expects a net profit attributable to shareholders of the parent company for 2025 to be between -19.9165 million and -13.278 million RMB, indicating a loss compared to the previous year [2]. - The projected net profit after deducting non-recurring gains and losses for 2025 is estimated to be between -42.8323 million and -28.5787 million RMB [5]. - In 2024, the total profit was 44.4839 million RMB, with a net profit attributable to shareholders of the parent company of 39.977 million RMB [7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses in 2024 was 8.1013 million RMB [7]. - The earnings per share for 2024 was 0.15 RMB [8]. Factors Affecting Profitability - The main reasons for the expected loss include decreased gross margins on some projects due to intense competition in the construction industry [9]. - The company recognized credit impairment losses totaling approximately 15 million RMB related to receivables from internet advertising and historical receivables from the Baoneng Group [9]. - The fair value of investment properties decreased by approximately 4.6 million RMB compared to the previous year [9]. Forecast and Advisory - The forecast data is based on preliminary calculations by the finance department and has not been audited by registered accountants [6]. - Investors are advised to refer to the company's officially published announcements for accurate financial data and to exercise caution in their investment decisions [10].

Core Viewpoint - The company announced a significant legal development regarding a construction contract dispute, where the court ruled that the defendant must pay 130 million yuan, but the defendant has no assets available for execution [1]. Group 1: Legal Proceedings - The court has ruled that Shenzhen Laihua Real Estate Co., Ltd. must pay 130 million yuan in project payments and overdue payment penalties to Shenzhen Tida Decoration Engineering Co., Ltd. [1] - The execution process has been terminated due to the lack of assets available for execution from the defendant [1]. Group 2: Financial Impact - The company has prudently recognized a total of 112 million yuan in credit impairment losses and asset impairment losses for the years 2024 and prior [2]. - The company will assess the financial impact of this ruling on its 2025 performance based on the annual audit results [2]. Group 3: Business Overview - The company operates in construction engineering, office leasing, and internet advertising marketing [2]. - For the first three quarters of the previous year, the company reported total revenue of 262 million yuan, a year-on-year increase of 66.92%, and a net profit attributable to shareholders of 31.09 million yuan, a year-on-year increase of 170.94% [2].

证券代码：600234 证券简称：科新发展 编号：临 2026—001 山西科新发展股份有限公司 关于控股子公司涉及重大诉讼的进展公告 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 担个别及连带责任。 2024 年 3 月，深圳市南山区人民法院（以下简称"法院"）就 山西科新发展股份有限公司（以下简称"公司"）的控股子公司深圳 提达装饰工程有限公司（以下简称"提达装饰"、"原告"）提起的 与深圳莱华置业有限公司（以下简称"莱华置业"、"被告"、"被 执行人"）之间关于施工合同纠纷一案，出具了《民事判决书》（案 号：（2024）粤 0305 民初 2285 号之一至十）：莱华置业应于本判 决生效十日内向提达装饰支付工程款 130,002,183.53 元及逾期付款 违约金。2025 年 8 月，法院出具《执行裁定书》，案件进入强制执 行阶段。 具体内容详见公司于 2024 年 1 月 25 日、2024 年 3 月 23 日、 2025 年 8 月 29 日在上海证券交易所网站披露的《关于控股子公司涉 及重大诉讼的公告》《关于控股子公司涉 ...

Market Overview - The decoration and renovation sector increased by 0.53% on January 16, with Kexin Development leading the gains [1] - The Shanghai Composite Index closed at 4101.91, down 0.26%, while the Shenzhen Component Index closed at 14281.08, down 0.18% [1] Top Performers - Kexin Development (600234) closed at 13.73, up 10.02% with a trading volume of 85,100 shares and a turnover of 113 million yuan [1] - Mingdiao Co., Ltd. (002830) closed at 22.22, up 10.00% with a trading volume of 55,400 shares and a turnover of 120 million yuan [1] - Decai Co., Ltd. (605287) closed at 39.52, up 6.18% with a trading volume of 143,000 shares and a turnover of 534 million yuan [1] Underperformers - ST Keli Da (603828) closed at 8.76, down 4.99% with a trading volume of 74,500 shares and a turnover of 65.63 million yuan [2] - ST Dongyi (002713) closed at 10.17, down 4.95% with a trading volume of 192,200 shares and a turnover of 198 million yuan [2] - Hainan Development (002163) closed at 16.90, down 4.63% with a trading volume of 786,600 shares and a turnover of 1.345 billion yuan [2] Capital Flow - The decoration and renovation sector experienced a net outflow of 56.89 million yuan from institutional investors, while retail investors saw a net inflow of 160 million yuan [2] - The capital flow for individual stocks shows that Jintanglang (002081) had a net outflow of 57.68 million yuan from institutional investors [3] - Mingdiao Co., Ltd. (002830) had a net inflow of 29.86 million yuan from institutional investors [3]

Group 1 - The A-share market experienced a collective decline on January 16, with the Shanghai Composite Index down by 0.26%, the Shenzhen Component Index down by 0.18%, and the ChiNext Index down by 0.2% [1] - The total trading volume in the Shanghai and Shenzhen markets was approximately 30,263.22 billion yuan, an increase of about 1,207.59 billion yuan compared to the previous trading day [1] - The Shanxi sector underperformed overall, with a decline of 0.60%, primarily influenced by weak market sentiment [1] Group 2 - In the Shanxi sector, out of 41 stocks, 10 rose while 31 fell, indicating a predominantly negative performance [1] - The leading stock in the upward trend was Kexin Development, which hit the daily limit with a final increase of 10.02% [1] - The leading stock in the downward trend was Meijin Energy, which fell by 5.52%, with several other stocks also experiencing significant declines [1]

Group 1 - The decoration and renovation sector experienced a decline of 1.33% on January 15, with Kexin Development leading the drop [1] - The Shanghai Composite Index closed at 4112.6, down 0.33%, while the Shenzhen Component Index closed at 14306.73, up 0.41% [1] - Key stocks in the decoration sector showed varied performance, with Decai Co., Ltd. rising by 9.99% to a closing price of 37.22 [1] Group 2 - The main funds in the decoration sector saw a net outflow of 253 million yuan, while retail investors had a net inflow of 252 million yuan [2] - Kexin Development's stock closed at 12.48, down 5.60%, with a trading volume of 63,700 shares and a transaction value of 80.37 million yuan [2] - The stock performance of various companies in the sector indicated significant fluctuations, with some stocks like ST Keli Da and Hainan Development also experiencing notable declines [2] Group 3 - The net inflow of funds for Decai Co., Ltd. was 17.65 million yuan, while it faced a net outflow from retail investors of 8.13 million yuan [3] - Kexin Development had a net inflow from speculative funds of 8.26 million yuan, but a significant outflow from retail investors of 10.11 million yuan [3] - Overall, the data indicates a mixed sentiment among different investor types within the decoration sector [3]

Group 1 - The core point of the article highlights that Kexin Development's stock closed at 12.54 yuan, with a slight increase of 0.40% on January 13 [1] - A block trade occurred involving 240,000 shares, totaling a transaction amount of 3.0096 million yuan, with a premium rate of 0.00% [1] - The buyer and seller for the block trade were both from CITIC Securities Co., Ltd., Shenzhen Binhai Avenue Securities Business Department [1] Group 2 - Over the past three months, Kexin Development has recorded a total of one block trade, amounting to 3.0096 million yuan [1] - In the last five trading days, the stock has experienced a cumulative decline of 2.03%, with a net outflow of main funds totaling 12.0181 million yuan [1]