截至发稿，中国宝安市值为259亿元。 每经头条（nbdtoutiao）——地产"优等生"受困20亿元到期债务，首次债务展期仍在博弈，明年还有超 百亿元公开债到期 每经AI快讯，中国宝安（SZ 000009，收盘价：10.03元）12月23日晚间发布公告称，下属子公司中宝控 股和绿金高新为成都绿金生物科技有限责任公司在成都农商银行金泉支行办理授信期限为一年期人民币 1,000万元综合授信额度提供连带责任保证担保，具体授信币种、金额、期限、担保方式、担保范围、 授信形式及用途等以相关合同约定为准。本次担保提供后，中宝控股、绿金高新对公司合并报表范围内 子公司担保余额分别为1950万元、2450万元；截至目前，上市公司无对外担保，亦无逾期担保，无涉及 诉讼的担保及因担保被判决败诉而应承担的担保的情况。 2025年1至6月份，中国宝安的营业收入构成为：高新技术行业占比79.55%，生物与医药占比18.37%， 其他行业占比1.41%，房地产行业占比0.67%，其他业务占比0.0%。 （记者 曾健辉） ...

证券代码：000009 证券简称：中国宝安 公告编号：2025-046 中国宝安集团股份有限公司 关于下属子公司为公司合并报表范围内子公司提供担保 的公告 本公司及董事局全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈 述或者重大遗漏。 一、担保情况概述 1、中国宝安集团股份有限公司（以下简称"公司"）下属子公司中国宝安集团 控股有限公司（以下简称"中宝控股"）于 2025 年 12 月 23 日经股东决定，同意以 下担保事项： 同意中宝控股为成都绿金生物科技有限责任公司（以下简称"绿金生物"）在成 都农村商业银行股份有限公司金泉支行（以下简称"成都农商银行金泉支行"）的授 信提供连带责任保证担保，担保金额为人民币 1,000 万元整。贷款期限为 1 年；资 金用途为绿金生物补充日常经营所需流动资金、采购等。 2、公司下属子公司成都绿金高新技术股份有限公司（以下简称"绿金高新"） 分别于 2025 年 10 月 31 日召开了董事会、2025 年 11 月 17 日召开了股东会，审议通 过了以下担保事项： 绿金高新控股子公司绿金生物拟向成都农商行金泉支行申请贷款 1,000 万元人 民币，绿 ...

备受关注的杉杉集团重整，再生变化。 上海证券报记者从知情人士处了解到，杉杉集团有限公司（简称"杉杉集团"）及其全资子公司宁波朋泽贸易有限公司（简称"朋泽贸易"）实质合并重整案 第二次重整投资人招募已于12月18日进行现场述标。 记者获得的一份"投资人情况汇总表"显示，参与杉杉集团二次重整投资人招募的意向投资人共有12组，大部分为联合体，涉及企业总数超20家，包括方大 炭素、中国宝安、天齐锂业、TCL科技、京东方、湖南盐业集团等。 "述标前，方大炭素、湖南盐业集团、天齐锂业等5组意向投资人退出了，最终是7组意向投资人提交方案进入述标。"上述知情人士透露。 对此，有接近方大炭素的人士向记者表示，不确定公司是否退出此次杉杉重整，但公司前期已经缴纳了保证金，并进行了相关尽职调查工作。 据宁波市鄞州区人民法院2025年9月16日作出的民事裁定书，杉杉集团重整计划草案提交期限延长至2025年12月20日。目前这一时间节点将近，重整投资 人遴选结果尚未披露。 图片来源：中航证券有限公司关于杉杉集团有限公司及全资子公司实质合并重整案之临时受托管理事务报告 谁将最终脱颖而出，成为杉杉集团的重整投资人？又能否平衡各方债权人合理诉 ...

Core Viewpoint - The article discusses the restructuring of Sany Group and the involvement of China Baoan as a leading investor, highlighting the potential benefits and risks associated with this move, particularly regarding antitrust concerns and the financial health of the companies involved [3][6][12]. Group 1: China Baoan's Strategy - China Baoan is leading a consortium to participate in the restructuring of Sany Group, with its subsidiary Bettery being a key player in the lithium battery anode materials industry, which overlaps significantly with Sany's main business [5][10]. - As of the end of 2024, China Baoan's total assets exceed 52 billion, but it faces challenges in its transformation, particularly in its high-tech and real estate sectors, which have been underperforming [10][11]. - In 2024, China Baoan reported a revenue of 20.23 billion, a decline of 34.1%, and a net profit of 173 million, down 77.2%, indicating significant financial strain [12]. Group 2: Antitrust Risks - The potential merger of Bettery and Sany Group could trigger antitrust reviews, as their combined revenues exceed the thresholds set for mandatory reporting, raising uncertainties about the approval of such a merger [18][20]. - The combined market share of Bettery and Sany in the anode materials sector could exceed 40%, which may attract scrutiny from antitrust authorities in key markets like the US and EU [20][21]. - Concerns from downstream battery manufacturers about the potential dominance of a merged entity highlight the broader implications for market competition and supply chain stability [21]. Group 3: Restructuring Challenges - Prior to China Baoan's involvement, Sany Group had seen interest from other potential investors, but some have withdrawn, complicating the restructuring process [7][22]. - If China Baoan and Bettery are selected as investors, they will face not only antitrust scrutiny but also issues related to direct competition between Bettery and Sany in the anode materials market [23]. - Sany Group's financial situation is precarious, with total liabilities reaching 21.97 billion and short-term loans of 5.29 billion, while cash reserves are only 3.15 billion, emphasizing the urgency for a successful restructuring [24].

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 中国宝安火线入局，杉杉重整再临深渊 || 焦点 //// 辽宁首富、湖南国资退出杉杉重整，一旦中国宝安及贝特瑞中选，可能引发反垄断审查，还要解决同业 竞争问题。 杉杉集团重整，突然警铃大作。 12月13日，据中国宝安（000009.SZ）公告，经董事会前一日审议通过，其将作为重整投资联合体牵头 人，携旗下上市公司贝特瑞及其他潜在投资人，参与杉杉集团重整投资人招募。 根据公告，中国宝安已缴纳5000万尽职调查保证金，委托中介机构开展尽职调查。 另据接近杉杉的人士称，此前先后宣布参与二次重整招募的方大炭素、湖南盐业集团，已主动退出重 整。 12月20日的重整截止日近在眼前，杉杉集团能否避免破产清算，杉杉股份又能否迎来靠谱的产业投资 人，悬念似乎更大了。 中国宝安的算盘 对中国宝安来说，杉杉股份吸引力十足。 公开资料显示，中国宝安已成立逾40年，旗下拥有马应龙、贝特瑞、国际精密等多家上市公司。截至 2024年末，集团总资产超过520亿元。 但这家老牌企业，正在遭遇转型挑战。 截至目前，中国宝安有三大主营业务，分别是高新技术、生物医药和地产。其 ...

Report Summary 1. Core Views - The National Financial System Work Conference emphasized the need to effectively carry out key financial tasks in 2026, including risk prevention, regulatory strengthening, and promotion of high - quality development [3]. - The central bank will continue to implement a moderately loose monetary policy, using various tools like reserve requirement ratio cuts and interest rate cuts, and focus on promoting economic growth and price stability [5]. - The Fed officials have different views on interest rate cuts, with some opposing due to concerns about inflation [9]. 2. Domestic News 2.1 Policy - related - At the National Financial System Work Conference, measures were proposed to prevent and resolve risks in local small and medium - sized financial institutions, real estate enterprises, and local government financing platforms, and to strengthen financial supervision and promote high - quality development [3]. - The National Development and Reform Work Conference summarized 2025 work and set nine key tasks for 2026 [4]. - The central bank will continue the moderately loose monetary policy, using the integrated effect of existing and new policies and multiple monetary policy tools [5]. - The National Financial Supervision and Administration总局 issued the "Interim Measures for the Supervision and Administration of Commercial Bank Custody Business" to standardize the custody business of commercial banks [7]. - Three departments jointly issued a notice to boost consumption by strengthening financial support [7]. 2.2 Economic Data - As of the end of November 2025, the stock of social financing scale was 440.07 trillion yuan, with a year - on - year increase of 8.5%. The cumulative increase in social financing scale in the first 11 months was 33.39 trillion yuan, 3.99 trillion yuan more than the same period last year [6]. - China's economic aggregate is expected to reach about 140 trillion yuan this year [8]. 3. International News - Fed officials debated whether interest rate cuts would harm inflation, and there were differences among next year's voting members on policy [9]. 4. Commodities - On December 12, WTI January crude futures fell 0.28% to $57.44 per barrel, down about 4.4% for the week; Brent February crude futures fell 0.26% to $61.12 per barrel, down about 4.1% for the week. COMEX February gold futures rose 0.35% to $4328.3 per ounce, up 2% for the week. NYMEX natural gas prices fell 3.14% to $4.101234 per ounce [10]. 5. Fundamentals 5.1 Open - market Operations - On December 12, the central bank conducted 1205 billion yuan of 7 - day reverse repurchase operations, with an operating rate of 1.40%. With 1398 billion yuan of reverse repurchases maturing, the net withdrawal was 193 billion yuan [12]. 5.2 Fund Rates - On December 12, DR001 decreased by 0.21bp to 1.275%, and DR007 increased by 1.75bp to 1.469%. Other rates also showed different changes [13][14]. 6. Bond Market Dynamics 6.1 Interest - rate Bonds - On December 12, the bond market weakened. The yield of the 10 - year treasury bond active bond 250016 rose 2.75bp to 1.8425%, and the yield of the 10 - year CDB bond active bond 250215 rose 3.35bp to 1.9165%. There were also auctions of 2 - year and 10 - year treasury bonds [15][17]. 6.2 Credit Bonds - On December 12, 5 bonds had a trading price deviation of more than 10%. "21 Vanke 02" fell more than 17%, while some bonds of Shimao and Baolong rose significantly. There were also credit - related events such as Zheng Rong being listed as a dishonest executor [17][18]. 6.3 Convertible Bonds - On December 12, the A - share market rose, and the convertible bond market also followed. The CSI Convertible Bond, Shanghai Stock Exchange Convertible Bond, and Shenzhen Stock Exchange Convertible Bond indices rose 0.35%, 0.38%, and 0.30% respectively. There were new listings, price increases and decreases of individual bonds, and various events such as proposed price adjustments and early redemptions [19][20][26]. 6.4 Overseas Bond Markets - In the US bond market on December 12, the yield of the 2 - year US Treasury remained unchanged at 3.52%, while other maturities generally rose. The 10 - year TIPS break - even inflation rate rose 1bp to 2.26%. In the European bond market, the 10 - year government bond yields of major European economies generally rose [23][27][28].

Core Viewpoint - China Baoan, a significant player in the investment landscape, plans to lead a restructuring effort for Shanshan Group alongside its subsidiary, BTR, aiming to create a global leader in anode materials for lithium-ion batteries [1][3][4]. Group 1: Restructuring Efforts - China Baoan has agreed to act as the lead investor in a consortium to restructure Shanshan Group, submitting necessary documentation and a due diligence deposit of 50 million yuan [3][4]. - The restructuring is expected to attract multiple investors, including Fangda Carbon and Hunan Salt Industry Group, indicating a competitive environment for Shanshan's assets [1][3][13]. - Shanshan Group's core asset, Shanshan Co., is a leader in anode materials, and its integration with BTR could result in a dominant player in the global market [3][4]. Group 2: Market Position and Financial Performance - According to EVTank, the global anode material shipment is projected to reach 2.206 million tons in 2024, with China accounting for 2.115 million tons, representing a 95.9% share [3][4]. - BTR is expected to hold over 20% market share in 2024, while Shanshan Co. is anticipated to rank second [3][4]. - In the first half of 2025, BTR reported revenue of 7.838 billion yuan, a year-on-year increase of 11.36%, while Shanshan Co. achieved revenue of 9.858 billion yuan, up 11.78% [6][7]. Group 3: Competitive Landscape and Industry Dynamics - The potential merger of BTR and Shanshan Co. could lead to a combined market share exceeding 40% in the global anode materials market, prompting a reshuffle among other manufacturers [4][9]. - The restructuring process may trigger antitrust reviews due to the combined revenue of the involved parties exceeding regulatory thresholds [7][9]. - The ongoing internal power struggle within China Baoan could impact the stability and success of the restructuring efforts [9][10].

证券日报网讯12月15日，中国宝安（000009）在互动平台回答投资者提问时表示，截至2025年11月28 日，公司股东总户数约为14.68万户。 ...

（编辑 丛可心） 证券日报网讯 12月15日，中国宝安在互动平台回答投资者提问时表示，公司报名参与了杉杉集团及其 全资子公司实质合并重整投资人的招募，详见公司于2025年12月13日披露的《关于参与杉杉集团及其全 资子公司实质合并重整投资人招募的公告》。 ...

证券日报网讯12月15日，中国宝安（000009）在互动平台回答投资者提问时表示，股票价格受多重因素 影响，公司会继续努力提升公司质量和投资价值，为股东创造更好的回报。 ...