Core Viewpoint - The company, Huangting International, has announced the termination of its major asset sale and debt restructuring plans due to prolonged negotiations without consensus on core terms and the judicial ruling regarding its key assets [1][3]. Group 1: Asset Sale and Debt Restructuring - Since 2022, the company has been planning to sell subsidiary equity and communicate with potential buyers regarding asset sales and debt restructuring [1]. - The company has faced challenges in reaching an agreement on the core terms of the transaction after multiple discussions [1]. - The judicial ruling has led to the company losing ownership of its major assets, which will significantly impact its assets, liabilities, and daily operations [1][3]. Group 2: Financial Impact - The revenue from the Shenzhen Huangting Plaza project is projected to be 369 million yuan, accounting for 56.03% of the company's total revenue for 2024 [2]. - The assessed value of Huangting Plaza is 5.7498 billion yuan as of December 31, 2024, while the company's net assets are expected to be approximately -1.921 billion yuan after the asset is used to settle debts [2]. - The company has reported losses for five consecutive years from 2020 to 2024, totaling over 4.4 billion yuan [4]. Group 3: Legal and Operational Challenges - The company is at risk of triggering financial delisting warnings under the Shenzhen Stock Exchange's regulations due to its financial situation [3]. - A recent court ruling has ordered the auction of the company's key asset, the Shenzhen Huangting Plaza, to settle debts, which will further affect the company's financial stability [3][4]. - The company has also been involved in litigation regarding performance compensation, with a first-instance judgment awarding over 122 million yuan, but the outcome remains uncertain due to the possibility of appeals [4].

Core Viewpoint - The company has decided to terminate the planned major asset sale and debt restructuring due to the inability to reach consensus on key terms with involved parties after extensive discussions and negotiations [1] Group 1 - In November 2022, the company signed a cooperation framework agreement with Lianyungang Fenghanyigang Property Management Co., Ltd. [1] - In April 2023, the company entered into a share transfer framework agreement with Fenghanyigang, aiming to collaborate on asset and debt restructuring [1] - The company actively organized efforts to advance the major asset sale and debt restructuring but faced challenges in reaching agreement on core terms [1] Group 2 - The company's Chongqing Huangting Plaza and Jingguo National Business Shopping Center (Shenzhen Huangting Plaza) were judicially ruled to be used for debt repayment [1] - After careful consideration and friendly negotiations with all parties, a mutual agreement was reached to terminate the planned major asset sale and debt restructuring [1]

Core Viewpoint - The company has decided to terminate the planned major asset sale and debt restructuring due to the inability to reach consensus on key terms with involved parties [1] Group 1: Agreements and Negotiations - In November 2022, the company signed a Cooperation Framework Agreement with Lianyungang Fenghanyi Port Property Management Co., Ltd. [1] - In April 2023, the company entered into a Share Transfer Framework Agreement with Fenghanyi Port, aiming for asset and debt restructuring [1] - Multiple discussions and evaluations were conducted regarding the feasibility and core terms of the transaction, but no agreement was reached [1] Group 2: Judicial Decisions and Outcomes - The company's Chongqing Royal Plaza and Shenzhen Royal Plaza were judicially ruled to be used for debt settlement [1] - After careful consideration and friendly negotiations, all parties agreed to terminate the planned major asset sale and debt restructuring [1]

深圳市皇庭国际企业股份有限公司 重大资产重组报告书 | 受让方 | 住所/通讯地址 | | --- | --- | | 光曜夏岚（深圳）投资有限公司 | 深圳市前海深港合作区前湾一路1号A栋201室 | 2025 年 10 月 股票代码：000056、200056 股票简称：皇庭国际 上市地点：深圳证券交易所 1 公司声明 本公司及全体董事、监事、高级管理人员保证本报告书内容的真实、准确和完 整，并对本报告书的虚假记载、误导性陈述或者重大遗漏承担个别或连带的法律责 任。 | 第三节 | 受让方基本情况 | | 20 | | --- | --- | --- | --- | | 第四节 | 标的基本情况 | | 21 | | 第五节 | 标的资产的评估情况 | | 24 | | 第六节 | 本次以物抵债的合规性分析 | 25 | | | 第七节 | 同业竞争与关联交易 | | 28 | | 第八节 | 风险因素 | | 29 | | 第九节 | 其他重要事项 | | 31 | | 四、本次以物抵债后上市公司将采取的现金分红政策 | | 32 | | 本公司负责人和主管会计工作的负责人、会计机构负责人保证本报告书中 ...

涉执房地产处置司法评估报告 估价报告编号:国众联评字(2024)第 1-0209 号 估价项目名称:深圳市福田区中心区晶岛国商购物 价值评估 中心及相关附属设施、设备的市场 估价委托人:广东省深圳市中级人民法院 估 价 机 构:国众联资产评估土地房地产結 限公司 注册房地产估价师:肖元菊(注册证号:4220090018 卡婧始(注册证号:4420210104) 估价报告出具日期:二〇二四年十二月二十日 广东省深圳市中级人民法院; 承蒙委托,我公司对贵院委托的位于深圳市福田区中心区晶岛国商购 物中心及相关附属设施、设备的市场价值进行评估。 估价目的:为广东省深圳市中级人民法院确定财产处置参考价提供参 考依据而评估房地产市场价值。 此为二维码防伪标志,内 含本报告估值主要信息, 建议报告使用方查证核实 国众联 资产评估土地房地产估价有限公司 公司地址:广东省深圳市罗湖区清水河街道清水 河三路7号中海慧智 1C 栋 邮政编码:518024 电话:0755-88832456 深圳市福田区中心区晶岛国商购物中心及相关附属设施、设备的市场价值评估 致估价委托人函 估价对象:为深圳市福田区中心区晶岛国商购物中心及相关附属设 ...

证券代码：000056、200056 证券简称：皇庭国际、皇庭 B 公告编号：2025-055 签署上述协议后，公司积极组织各方推进本次重大资产出售及债务重组事 项，公司与各方就本次交易的可行性、交易方案的核心条款等进行了多次论证和 磋商，但未能就本次交易的核心条款达成一致意见，且公司重庆皇庭广场及晶岛 国商购物中心（即深圳皇庭广场）被司法裁定以物抵债。为切实维护公司及全体 股东利益，经公司审慎研究，并与各方友好协商，各方一致同意终止筹划本次重 大资产出售及债务重组事项。现将相关情况公告如下： 一、本次筹划重大资产出售和债务重组的基本情况 2022年起，公司开始筹划挂牌出售子公司股权并与市场意向方沟通相关资产 标的出售及债务重组事项，交易预计构成《上市公司重大资产重组管理办法》规 定的重大资产重组情形。 公司与各方就本次交易的可行性、交易方案的核心条款等进行了多次论证和 磋商，但长期未能就本次交易的核心条款达成一致意见，且公司重庆皇庭广场及 晶岛国商购物中心（即深圳皇庭广场）被司法裁定以物抵债。为切实维护公司及 全体股东利益，经公司审慎研究，并与各方友好协商，各方一致同意终止筹划本 1 次重大资产出售及债务重 ...

Core Viewpoint - The company announced the termination of major asset sale and debt restructuring plans due to failure to reach consensus on key terms, which will significantly impact its operations and financial status [1] Group 1: Asset Sale and Debt Restructuring - The company and involved parties could not agree on the core terms of the major asset sale and debt restructuring [1] - The termination of these plans will not affect the company's financial status for the current year [1] - The company has committed to not planning any major asset restructuring within one month from the announcement date [1] Group 2: Impact on Assets and Operations - The judicial ruling for Chongqing Royal Plaza and Shenzhen Royal Plaza to be used for debt repayment means the company will lose ownership of major assets [1] - The loss of these assets will have a significant impact on the company's assets, liabilities, and daily operations [1] - There is a potential risk of triggering financial delisting warnings in the future due to these developments [1]

Market Overview - On October 14, the real estate service sector rose by 0.17% compared to the previous trading day, with Xin Dazheng leading the gains [1] - The Shanghai Composite Index closed at 3865.23, down 0.62%, while the Shenzhen Component Index closed at 12895.11, down 2.54% [1] Individual Stock Performance - Xin Dazheng (002968) closed at 12.41, up 2.39% with a trading volume of 132,300 shares and a turnover of 162 million yuan [1] - ST Mingcheng (600136) closed at 1.79, up 1.13% with a trading volume of 93,600 shares [1] - Ningbo Fuda (600724) closed at 5.33, up 0.95% with a trading volume of 241,200 shares [1] - Other notable performances include: - China Merchants Jiyu (001914) at 11.51, up 0.79% [1] - Pearl River Shares (600684) at 5.63, up 0.72% [1] - Zhongtian Service (002188) at 5.81, up 0.69% [1] - Shilianhang (002285) at 2.34, unchanged [1] - Nandu Property (603506) at 13.46, down 0.81% [1] - Tefa Service (300917) at 43.04, down 0.85% [1] - Wo Ai Wo Jia (000560) at 66.70, down 1.32% [1] Capital Flow Analysis - The real estate service sector experienced a net outflow of 79.27 million yuan from institutional investors and 43.57 million yuan from speculative funds, while retail investors saw a net inflow of 123 million yuan [2] - Detailed capital flow for individual stocks shows: - ST Mingcheng had a net inflow of 604,500 yuan from retail investors [3] - China Merchants Jiyu saw a net inflow of 998,440 yuan from retail investors despite a net outflow from institutional and speculative funds [3] - Other stocks like Xin Dazheng and Wo Ai Wo Jia experienced significant net outflows from institutional and speculative funds, but retail investors contributed positively [3]

Core Viewpoint - The company, Huangting International, has disclosed significant litigation progress, winning a first-instance judgment for over 122 million yuan in performance compensation, but the uncertainty of the final ruling and the financial status of the defendants raises concerns about the collection of this amount [1][4]. Group 1: Litigation and Financial Impact - Huangting International announced a first-instance judgment awarding it approximately 122 million yuan in performance compensation due to unmet revenue commitments from the Chongqing Huangting Plaza for 2022 and 2023 [4]. - The defendants, including Shenzhen Huangting Group, have been ordered to pay the compensation along with interest and legal fees, but the judgment's uncertainty and the defendants' financial difficulties cast doubt on the actual recovery of these funds [4][7]. - The company has faced significant financial challenges, with a net asset drop from 172 million yuan to -192 million yuan following the sale of its core asset, Shenzhen Huangting Plaza, for 3.053 billion yuan to settle debts [7][8]. Group 2: Company Performance and Historical Context - Huangting International has reported continuous losses over the past five years, with total losses exceeding 4.4 billion yuan from 2020 to 2024, and a net profit of -1.85 billion yuan in the first half of 2025, a decrease of 24.62% year-on-year [8]. - The company was established in 1983 and has transitioned from retail to real estate development, with its first major commercial project, Huangting Plaza, opening in 2013 [8]. - The company has been under financial strain, leading to potential risks of forced delisting due to its negative net assets and ongoing operational challenges [7][8].

关于重大诉讼的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 特别提示： 1、案件所处的诉讼阶段：法院已判决。 证券代码：000056、200056 证券简称：皇庭国际、皇庭 B 公告编号：2025-054 深圳市皇庭国际企业股份有限公司 2、上市公司所处的当事人地位：原告。 3、涉案金额：122,100,659.3 元及应付利息。 4、对上市公司损益产生的影响：本次诉讼判决为一审判决，各方当事人有权在 规定期限内提起上诉，案件最终判决结果存在不确定性，对公司本期或期后利润的具 体影响尚存在不确定性。 一、本次诉讼案件的基本情况 2018 年 12 月，深圳市皇庭国际企业股份有限公司（以下简称"公司"）、深圳 市瑞豪智芯科技有限公司（曾用名：深圳市皇庭基金管理有限公司）及深圳市皇庭不 动产管理有限公司与重庆皇庭九龙珠宝产业开发有限公司签订《资产置换协议书》， 公司以深圳市瑞豪智芯科技有限公司持有深圳市同心投资基金股份公司 22.34%股权 置换重庆皇庭九龙珠宝产业开发有限公司持有重庆皇庭珠宝广场有限公司 100%股权， 重庆皇庭珠宝广场有限公司主要资 ...