Core Viewpoint - Zhongzhou Holdings (000042) is expected to report a net profit loss of 830 million yuan for 2025, primarily due to a slowdown in project completion and delivery, impacting revenue recognition [2] Group 1: Performance and Financial Situation - The company anticipates a net profit loss of 830 million yuan and a non-recurring net profit loss of 850 million yuan for 2025, influenced by reduced settlement income from delayed project completions [2] - The asset-liability ratio is high at 91.07% as of the end of 2024, indicating significant financial pressure [4] - Investors should monitor the upcoming annual report for detailed financial data, including revenue and debt ratios, which will validate the performance forecast and influence market sentiment [2][4] Group 2: Project Progress - The decline in settlement income is directly linked to the slow pace of project completions, with key projects in the Guangdong-Hong Kong-Macao Greater Bay Area and Chengdu-Chongqing region being of particular interest [3] - Accelerated project delivery could potentially improve revenue and cash flow, but there is currently no specific timeline for these developments [3] Group 3: Stock Performance - In the first week of February 2026, Zhongzhou Holdings' stock price increased by 9.44%, with a net inflow of 8.9121 million yuan from major funds, although overall valuation remains pressured by high debt and losses [5] - Future observations should include changes in funding dynamics and industry policies, particularly regarding real estate regulations, which may cause short-term volatility [5]

Group 1 - The company Zhongzhou Holdings expects a net profit attributable to shareholders of -830 million yuan for 2025, a 60.49% decrease in losses compared to -2.025 billion yuan in the previous year [1][4] - The main reasons for the performance change include the rhythm of project completion and a year-on-year decrease in revenue from real estate settlements, along with asset impairment provisions for certain projects [1][4] - The company has experienced a continuous decline in operating revenue for three consecutive years, with 2024 revenue at 4.324 billion yuan, a year-on-year decrease of 43.26% [4] Group 2 - The net profit attributable to shareholders for 2022, 2023, and 2024 was 79.663 million yuan, -1.845 billion yuan, and -2.025 billion yuan respectively, with year-on-year changes of -61.32%, -2412.74%, and -9.75% [4] - The actual controller of the company, Huang Guangmiao, is 57 years old and has been in charge for 33 years, raising questions about the future direction of Zhongzhou [1][4] - The company has faced legacy issues during the industry's deep adjustment period [4]

Core Viewpoint - The A-share real estate sector has seen significant gains, particularly driven by the launch of a program in Shanghai to acquire second-hand housing for affordable rental housing projects, targeting new citizens, young people, and graduates [1] Group 1: Market Performance - Real estate stocks in the A-share market experienced substantial afternoon gains, with notable performers including I Love My Home and Huafa Co., which hit the daily limit [1] - Other companies such as Rong'an Real Estate, Jingtou Development, and Caixin Development also reached their daily limit previously, while China Merchants Shekou and City Investment Holdings rose over 7% [1] - The following companies showed significant increases: Jindi Group and Tefa Service over 6%, and Zhongzhou Holdings, Jingneng Real Estate, Binjiang Group, and Shilianhang over 5% [1] Group 2: Company Data - Rong'an Real Estate: 10.27% increase, market cap of 6.495 billion [2] - Jingtou Development: 10.09% increase, market cap of 4.445 billion [2] - I Love My Home: 10.06% increase, market cap of 8.503 billion [2] - Huafa Co.: 9.95% increase, market cap of 12.2 billion [2] - Caixin Development: 9.92% increase, market cap of 2.927 billion [2] - China Merchants Shekou: 7.50% increase, market cap of 98.2 billion [2] - City Investment Holdings: 7.13% increase, market cap of 1.39 billion [2] - Jindi Group: 6.69% increase, market cap of 15.1 billion [2] - Tefa Service: 6.52% increase, market cap of 7.183 billion [2] - New Town Holdings: 6.19% increase, market cap of 40.2 billion [2] - Zhongzhou Holdings: 5.88% increase, market cap of 5.87 billion [2] - Jingneng Real Estate: 5.79% increase, market cap of 2.898 billion [2] - Binjiang Group: 5.74% increase, market cap of 37.8 billion [2] - Shilianhang: 5.54% increase, market cap of 5.699 billion [2]

Group 1 - The company Zhongzhou Holdings announced an earnings forecast on January 30, expecting a net profit attributable to shareholders of -830 million yuan for 2025, compared to -2.025 billion yuan in the same period last year [1] - The basic earnings per share is projected to be -1.2484 yuan, an improvement from -3.0454 yuan in the previous year [1] - The main reasons for the performance change include a decrease in revenue from real estate settlements due to the completion and delivery schedule of real estate projects, and a reduction in the amount of asset impairment provisions for certain real estate projects [1] Group 2 - The nuclear power construction industry is experiencing a surge, with equipment manufacturers reportedly busy with orders scheduled until 2028, operating on a three-shift system and maintaining 24-hour production lines [1]

Core Viewpoint - Zhongzhou Holdings expects a net profit loss attributable to shareholders of 830 million yuan for the fiscal year 2025, an improvement from a loss of 2.025 billion yuan in the same period last year [1] Financial Performance - The net profit loss after excluding non-recurring gains and losses is projected to be 850 million yuan, compared to a loss of 1.863 billion yuan in the previous year [1] - The decrease in real estate settlement revenue is attributed to the pace of project completion and delivery, which has seen a year-on-year decline [1] - The company has recognized asset impairment for certain real estate projects, although the amount of impairment has decreased compared to the previous year [1]

（1）以确数进行业绩预告的 单位：万元 | 项 目 | 本报告期 | 上年同期 | | --- | --- | --- | | 归属于上市公司股东的净利润 | -83,000 | -202,470.38 | | 扣除非经常性损益后的净利润 | -85,000 | -186,256.17 | | 基本每股收益（元/股） | -1.2484 | -3.0454 | 二、与会计师事务所沟通情况 证券代码：000042 证券简称：中洲控股 公告编号：2026-03 号 深圳市中洲投资控股股份有限公司 2025 年度业绩预告 本公司及董事会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、误导性陈述或重大遗 漏。 一、本期业绩预计情况 1、业绩预告期间：2025 年 1 月 1 日至 2025 年 12 月 31 日。 2、业绩预告情况：预计净利润为负值 四、风险提示 上述业绩预告数据是公司对报告期经营情况的初步测算的结果，具体财务数据以公司披露的 2025 年年度报告为准。敬请投资者注意投资风险。 特此公告。 深圳市中洲投资控股股份有限公司 董事会 公司就业绩预告有关事项与年报审计会计师事务所进行了预沟通，双 ...

Group 1 - The core viewpoint of the news is that Zhongzhou Holdings experienced a significant increase in stock price and notable block trades on January 28, with a closing price of 8.44 yuan, up by 4.98% [1] - The first block trade involved 3.1 million shares at a price of 8.23 yuan, totaling 25.51 million yuan, with a discount rate of -2.49% [1] - The second block trade also involved 3 million shares at the same price of 8.23 yuan, totaling 24.69 million yuan, with the same discount rate of -2.49% [1] Group 2 - In the last three months, Zhongzhou Holdings has recorded a total of 2 block trades amounting to 50.203 million yuan [1] - Over the past five trading days, the stock has increased by 1.81%, while the net outflow of main funds reached 16.7742 million yuan [1]

Group 1 - The core point of the announcement is that the shares of the controlling shareholder, Shenzhen Zhongzhou Group Co., Ltd., have been judicially frozen, with changes in the expiration date of the freeze [1] - As of the disclosure date, the total number of shares frozen for Zhongzhou Group and its concerted action party, Shenzhen Qianhai Junzhi Investment Co., Ltd., is detailed, indicating no shares are under pending freeze [1][2] - The company asserts that the current situation of the frozen shares will not have a significant adverse impact on the production, operation, or governance of the listed company [2] Group 2 - The company will continue to monitor the progress of the frozen shares and will fulfill its information disclosure obligations in accordance with laws and regulations [2] - Relevant documents, such as the "Securities Pledge and Judicial Freeze Details" from China Securities Depository and Clearing Co., Ltd., are available for reference [3]

本公司经中国证券登记结算有限责任公司深圳分公司系统查询，获悉公司控股股东深圳 中洲集团有限公司（以下简称"中洲集团"）部分股份被司法冻结到期日发生变化，具体如 下： | 股东 | 是否为控股股东 | 冻结股份数量 | 占其所 | 占公司 | 是否为 | | | 司法冻结 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | 或第一大股东及 | （股） | 持股份 | 总股本 | 限售股 | 起始日 | 到期日 | 执行人 | 原因 | | | 其一致行动人 | | 比例 | 比例 | | | | | | | 中洲 | | | | | | 2022 年 8 月 | 2026 年 7 月 | 国家监察 | 司法冻 | | | 是 | 42,099,100 | 12.03% | 6.33% | 否 | | | | | | 集团 | | | | | | 5 日 | 19 日 | 委员会 | 结 | 证券代码：000042 证券简称：中洲控股 公告编号：2026－02 号 深圳市中洲投资控股股份有限公司 关于公司股东股份冻结情况 ...

Group 1 - The core viewpoint of the news is that Zhongzhou Holdings has shown a mixed performance in its stock price and financial results, with a recent increase in stock price but a significant decline in revenue year-on-year [1][2]. Group 2 - As of January 7, Zhongzhou Holdings' stock price increased by 2.06%, reaching 7.94 CNY per share, with a total market capitalization of 5.279 billion CNY [1]. - The company has experienced a 4.20% increase in stock price year-to-date, a 6.29% increase over the last five trading days, but a decline of 3.17% over the last 20 days and 2.70% over the last 60 days [2]. - The main business segments of Zhongzhou Holdings include real estate development (84.12%), property services (11.91%), hotel and catering (7.16%), and construction (0.73%) [2]. - As of November 20, the number of shareholders of Zhongzhou Holdings increased to 16,700, with an average of 39,694 circulating shares per person, which decreased by 1.20% compared to the previous period [2]. Group 3 - For the period from January to September 2025, Zhongzhou Holdings reported a revenue of 2.047 billion CNY, representing a year-on-year decrease of 47.00%, while the net profit attributable to shareholders increased by 111.86% to 61.507 million CNY [2]. - The company has distributed a total of 1.516 billion CNY in dividends since its A-share listing, with 7.978 million CNY distributed over the last three years [3].