Core Insights - The decoration and renovation sector experienced a decline of 1.62% on November 20, with *ST Dongyi leading the drop [1][2] - The Shanghai Composite Index closed at 3931.05, down 0.4%, while the Shenzhen Component Index closed at 12980.82, down 0.76% [1] Market Performance - The following companies showed notable performance in the decoration and renovation sector: - Zhengzhong Design (002811) closed at 13.28, up 3.75% with a trading volume of 216,100 shares and a transaction value of 292 million [1] - Kexin Development (600234) closed at 12.01, up 2.13% with a trading volume of 29,800 shares and a transaction value of 35.52 million [1] - *ST Dongyi (002713) closed at 17.61, down 5.02% with a trading volume of 129,200 shares and a transaction value of 234 million [2] Capital Flow - The decoration and renovation sector saw a net outflow of 248 million from main funds, while retail investors contributed a net inflow of 203 million [2][3] - The following companies had significant capital flow: - Zhengzhong Design (002811) had a main fund net inflow of 15.14 million, but a retail net outflow of 19.36 million [3] - Kexin Development (600234) experienced a main fund net outflow of 0.14 million, while retail investors contributed a net inflow of 0.16 million [3]

法律意见书 国浩律师（深圳）事务所 关于 二〇二五年十一月 山西科新发展股份有限公司 二〇二五年第一次临时股东会 的 法律意见书 北京·上海·深圳·杭州·广州·昆明·天津·成都·宁波·福州·西安·南京·南宁·济南·重庆 Beijing·Shanghai·Shenzhen·Hangzhou·Guangzhou·Kunming·Tianjin·Chengdu ·Ningbo ·Fuzhou·Xi`an·Nanjing·Nanning·Jinan·Chongqing 苏州·长沙 ·太原·武汉·贵阳·乌鲁木齐·郑州·石家庄·合肥·海南·青岛·南昌·大连·银川·拉孜 Suzhou·Changsha·Taiyuan·Wuhan ·Guiyang·Wulumuqi·Zhengzhou·Shijiazhuang·Hefei·Hainan·Qingdao·Nanchang·Dalian·Yinchuan·Lhatse 香港·巴黎·马德里·硅谷·斯德哥尔摩·纽约·马来西亚·柬埔寨·乌兹别克斯坦 Hongkong·Paris·Madrid·Silicon Valley·Stockholm·New York·Malaysia·Cam ...

证券代码：600234 证券简称：科新发展 公告编号：2025-037 山西科新发展股份有限公司 2025年第一次临时股东会决议公告 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： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东会召开的时间：2025 年 11 月 18 日 (二)股东会召开的地点：深圳市南山区深圳湾科技生态园 12 栋 A 座 15 层公司会 议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 45 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 77,661,800 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 29.5831 | | 份总数的比例（%） | | (四)表决方式是否符合《公司法》及《公司章程》的规定，股东会主持情况等。 本次股东会由公司董事会召集，董事长连宗盛先生主持。本次股东会以现场 结合视频的方式举行，以现场投票与网络投票相结合的方 ...

Group 1 - The core viewpoint of the news is that Kexin Development has shown significant stock performance with a year-to-date increase of 118.92%, despite a recent decline in the last five and twenty trading days [1][2] - As of November 18, Kexin Development's stock price reached 12.15 yuan per share, with a market capitalization of 3.19 billion yuan [1] - The company has experienced a net inflow of main funds amounting to 158,500 yuan, with large orders contributing to a total buy of 4.83 million yuan and a sell of 3.01 million yuan [1] Group 2 - Kexin Development, established on March 31, 1993, and listed on June 15, 2000, primarily engages in construction decoration engineering, with 91.60% of its revenue coming from this sector [2] - For the first nine months of 2025, Kexin Development reported a revenue of 262 million yuan, reflecting a year-on-year growth of 66.92%, and a net profit attributable to shareholders of 31.09 million yuan, up 170.94% [2] - The company is categorized under the construction decoration industry and is involved in various concept sectors, including shell resources and internet marketing [2]

Core Points - The company Kexin Development (600234) reported that as of September 30, 2025, the total number of shareholders is 9,277 [1] Summary by Category - **Company Information** - Kexin Development has a total of 9,277 shareholders as of the specified date [1]

二〇二五年十一月 财务顾问声明 北京博星证券投资顾问有限公司（以下简称"本财务顾问""博星证券"） 接受信息披露义务人连宗盛委托，担任连宗盛及其一致行动人深圳市前海派德高 盛投资合伙企业(有限合伙)（以下简称"派德高盛"）收购山西科新发展股份有 限公司（以下简称"上市公司""公司"或"科新发展"）的财务顾问。博星证 券作为本次收购的收购方财务顾问，持续督导期为科新发展公告详式权益变动报 告书之日（即 2024 年 8 月 1 日）起至权益变动完成后的 12 个月止。 北京博星证券投资顾问有限公司 关于连宗盛及其一致行动人深圳市前海派 德高盛投资合伙企业(有限合伙) 收购山西科新发展股份有限公司 之 2025 年第三季度持续督导报告暨总结报告 财务顾问 2025 年 10 月 31 日，上市公司公布了 2025 年第三季度报告。根据《中华人 民共和国证券法》和《上市公司收购管理办法》等法律法规和规则，本财务顾问 就本次持续督导期间内（即自 2025 年 7 月 1 日至 2025 年 9 月 30 日，以下简称 "本持续督导期"）规范运作、信息披露、履行公开承诺、落实后续计划等情况 出具督导报告。 本督导报告不 ...

山西科新发展股份有限公司 2025 年第一次临时股东会资料 二〇二五年十一月十八日 山西科新发展股份有限公司 2025 年第一次临时股东会资料目录 | 一、2025 年第一次临时股东会议事规则………………………………2 | | --- | | 二、2025 年第一次临时股东会议程……………………………………6 | | 三、《关于续聘会计师事务所的议案》…………………………………8 | 1 山西科新发展股份有限公司 2025 年第一次临时股东会议事规则 为维护全体股东的合法权益，确保 2025 年第一次临时股东会的 正常秩序和议事效率，保证本次股东会的顺利召开，根据《公司法》、 中国证监会《上市公司股东会规则》、《公司章程》和《股东会议事规 则》等规定，特制定本次会议的议事规则： 一、本公司根据《公司法》、《上市公司股东会规则》和《公司章 程》等的规定，认真做好本次股东会的各项工作。 二、本次股东会设秘书处，具体负责本次会议的会务工作。 三、出席本次现场股东会的股东及股东代理人，应在会议开始前 半小时到达会议地点，并办理会议登记手续： 1、法人股东： 由法定代表人出席会议的，应出示本人身份证，法人股东单位的 营 ...

Market Overview - The decoration and renovation sector increased by 0.78% compared to the previous trading day, with *ST Mingjia leading the gains [1] - The Shanghai Composite Index closed at 4018.6, up 0.53%, while the Shenzhen Component Index closed at 13427.61, up 0.18% [1] Stock Performance - *ST Mingjia (300506) closed at 5.06, up 10.00% with a trading volume of 337,400 shares and a turnover of 167 million yuan [1] - *ST Baoying (002047) closed at 3.73, up 5.07% with a trading volume of 1.28 million shares and a turnover of 466 million yuan [1] - *ST Dongyi (002713) closed at 15.26, up 5.02% with a trading volume of 48,400 shares and a turnover of 7.39 million yuan [1] - ST Keli Da (603828) closed at 7.23, up 4.93% with a trading volume of 134,100 shares and a turnover of 9.63 million yuan [1] Capital Flow - The decoration and renovation sector experienced a net outflow of 127 million yuan from institutional investors, while retail investors saw a net inflow of 175 million yuan [2] - The main capital inflow was observed in Jin Tanglang (002081) with a net inflow of 16.18 million yuan, while Jianghe Group (601886) had a net inflow of 11.85 million yuan [3] - *ST Mingjia (300506) recorded a net inflow of 11.04 million yuan from main capital, despite a net outflow from retail investors [3]

Core Viewpoint - Kexin Development, established in 1993 and listed in 2000, operates in multiple sectors including construction decoration, advertising media, and office leasing, showcasing a diversified business advantage Group 1: Business Performance - In Q3 2025, Kexin Development reported revenue of 262 million yuan, ranking 19th in the industry out of 23 companies, with the industry leader Jianghe Group generating 14.55 billion yuan [2] - The main business composition includes construction engineering at 118 million yuan (91.60%), leasing at 6.28 million yuan (4.87%), and internet advertising at 4.55 million yuan (3.53%) [2] - The net profit for the same period was 31.44 million yuan, ranking 7th in the industry, with Jianghe Group leading at 510 million yuan [2] Group 2: Financial Ratios - Kexin Development's debt-to-asset ratio was 39.11% in Q3 2025, an increase from 36.70% year-on-year, significantly lower than the industry average of 76.84% [3] - The gross profit margin for Q3 2025 was 13.47%, down from 17.83% year-on-year, but still above the industry average of 13.06% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 12.19% to 9,277, while the average number of circulating A-shares held per account increased by 13.88% to 28,300 [5] Group 4: Executive Compensation - The chairman, Lian Zongsheng, received a salary of 24,600 yuan in 2024, while the general manager, Lian Yuanrui, earned 587,000 yuan, a decrease of 167,200 yuan from 2023 [4]

Core Viewpoint - Kexin Development (600234.SH) reported a significant increase in revenue and net profit for the first three quarters of 2025, indicating strong financial performance and growth potential [1] Financial Performance - The total operating revenue for the first three quarters reached 262 million yuan, representing a year-on-year growth of 66.92% [1] - The net profit attributable to shareholders was 31.09 million yuan, showing a remarkable year-on-year increase of 170.94% [1] - The basic earnings per share stood at 0.1184 yuan [1]