金科地产集团股份有限公司 重 整 计 划 二〇二五年一月 | 释义 | | --- | | 到 京 | | 摘要 | | 下文 . .. | | 第一章 金科股份基本情况及资产负债情况 | | 一、债务人基本情况… | | (一) 设立和基本情况, | | (二) 股东情况及股权结构 . | | 二、重整基本情况 … | | (一) 重整申请及受理情况 . | | (二 ) 自行管理财产和营业事务情况 | | (三) 第一次债权人会议召开情况 . | | (四) 准许延期提交重整计划情况 . | | 三、资产平台情况 | | 四、负债情况，… | | (一) 债权申报情況 | | (二) 债权 审查情況 … | | (三) 职工债权调查情况 . | | (四) 未申报债权 | | 五、偿债能力分析 . | | (一) 偿债 能力分析结果 … | | (二) 破产清算状态下实际清偿率可能低于预计 | | 第二章 出资人权益调整方案 | | 一、出资人权益调整的必要性 | | 二、出资人权益调整的范围 …………………………………………………………………………………………………………………………………………………… ...

金科地产集团股份有限公司 关于公司及全资子公司重整计划获法院裁定批准的公告 2025 年 5 月 10 日及 11 日，公司及重庆金科分别收到重庆五中院送达的《民 事裁定书》（编号：(2024)渝 05 破 117 号之四及(2024)渝 05 破 118 号之四）。 重庆五中院裁定批准公司及重庆金科重整计划，并终止公司及重庆金科重整程序。 证券简称：*ST 金科 证券代码：000656 公告编号：2025-083 号 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1、2025 年 5 月 10 日及 11 日，金科地产集团股份有限公司（以下简称"公 司"或"金科股份"）及全资子公司重庆金科房地产开发有限公司（以下简称 "重庆金科"）分别收到重庆市第五中级人民法院（以下简称"重庆五中院"） 送达的《民事裁定书》。重庆五中院裁定批准《金科地产集团股份有限公司重 整计划》（以下简称"《金科股份重整计划》）、《重庆金科房地产开发有限 公司重整计划》（以下简称"《重庆金科重整计划》"），并终止公司及重庆 金科重整程序。 2、重庆五中院裁定批准公司及重 ...

金科地产集团股份有限公司 关于全资子公司第二次债权人会议表决结果的公告 证券简称：*ST 金科 证券代码：000656 公告编号：2025-082 号 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1、金科地产集团股份有限公司（以下简称"金科股份"或"公司"）分别 于 2025 年 1 月 24 日及 2 月 19 日在信息披露媒体刊载了《关于公司及全资子公 司召开第二次债权人会议的公告》（公告编号：2025-016 号）及《关于公司及 全资子公司第二次债权人会议召开情况的公告》（公告编号：2025-026 号）。 公司及重庆金科房地产开发有限公司（以下简称"重庆金科"）分别于 2025 年 2 月 18 日 9 时 30 分（星期二）及 2025 年 2 月 18 日 14 时 30 分（星期二）采取 网络会议方式召开重整案第二次债权人会议。本次公司及重庆金科第二次债权 人会议表决截止时间为 2025 年 3 月 31 日下午 18 时。 2、截至上述表决截止时间，《重庆金科房地产开发有限公司重整计划（草 案）》暂未获得第二次债权人会议普通 ...

重庆金科房地产开发有限公司 重 整 计 划 二〇二五年一月 | 释义 | 1 | | --- | --- | | 前言 | 4 | | 摘要 | 5 | | 正文 | 8 | | 第一章 重庆金科基本情况及资产负债情况 | 8 | | 一、债务人基本情况 | 8 | | 二、重整基本情况 | 8 | | （一）重整申请及受理情况 | 8 | | （二）自行管理财产和营业事务情况 | 8 | | （三）第一次债权人会议召开情况 | 8 | | （四）准许延期提交重整计划情况 | 9 | | 三、资产评估情况 | 9 | | 四、负债情况 | 10 | | （一）债权申报情况 | 10 | | （二）债权审查情况 | 10 | | （三）职工债权调查情况 11 | | | （四）未申报债权 11 | | | 五、偿债能力分析 11 | | | （一）偿债能力分析结果 11 | | | （二）破产清算状态下实际清偿率可能低于预计 11 | | | 第二章 出资人权益调整方案 | 12 | | 一、出资人权益调整的必要性 | 12 | | 二、出资人权益调整的范围 | 12 | | 三、出资人权益调整的方式 | 12 ...

Group 1 - The ST sector has been actively trading recently, with over 30 stocks including ST Ruihe, *ST Hengjiu, *ST Yuancheng, ST Qibu, ST Xuefa, *ST Yushun, *ST Jinke, ST Jiajia, and *ST Huawang hitting the daily limit up [1]

Core Viewpoint - The financial performance of Kinko Co., Ltd. continues to deteriorate, with significant losses reported for 2024 and ongoing challenges in debt restructuring [1][2][5]. Financial Performance - In 2024, Kinko Co. reported a revenue of approximately 27.555 billion yuan, a year-on-year decrease of 56.43% [2]. - The net profit attributable to shareholders was a loss of approximately 31.969 billion yuan, a decline of 266.11% compared to the previous year [1][2]. - The cash flow from operating activities was approximately -674 million yuan, although this represented an 80.95% improvement year-on-year [1][2]. - The basic earnings per share were -6.04 yuan [1]. Loss Expansion - The company's losses have expanded, with a net profit loss of 31.969 billion yuan in 2024 compared to a loss of 8.732 billion yuan in 2023 [2]. - The net profit loss excluding non-recurring items was 28.418 billion yuan, up from 7.39 billion yuan in 2023 [2]. - The area of properties settled decreased by approximately 53% to 4.05 million square meters [2]. Reasons for Losses - The decline in overall project sales and a significant reduction in projects meeting delivery conditions contributed to the revenue drop [2]. - The rental rates and occupancy of operational properties decreased, leading to a reduction in their fair value by approximately 1.2 billion yuan [2]. - The company recognized a provision for inventory impairment of 13 billion yuan due to overdue debts and market factors [2]. - Financial expenses surged to 7.9 billion yuan due to interest expenses and overdue debts [2]. Debt Restructuring - Kinko Co. is undergoing a critical debt restructuring process, with total interest-bearing liabilities amounting to 69.829 billion yuan, of which 49.448 billion yuan are overdue [7]. - The company has engaged multiple investors and completed agreements with over 20 financial investors, raising 2.628 billion yuan for capital increase [7][8]. - The restructuring plan has been partially approved, but the ordinary creditor group has yet to approve it, which is crucial for the success of the restructuring [8][9]. Future Outlook - Kinko Co. aims to ensure all projects are completed without delays and plans to deliver at least 2.9 million square meters in 2025 [6]. - The company is focused on resolving risks and restoring a positive operational cycle through the infusion of new capital from restructuring investors [9].

深圳商报·读创客户端记者 穆砚 5月6日，重庆证监局发布关于对金科地产集团股份有限公司（以下简称"*ST金科（000656）"）采取责 令改正并出具警示函措施的决定及关于对周达、杨程钧、宋柯采取监管谈话措施的决定。 4月29日晚间，金科股份发布2024年度报告。报告期内，公司实现营业收入约275.55亿元，同比下降 56.43%；归属于上市公司股东的净利润约-319.69亿元，同比下降266.11%；经营活动产生的现金流量净 额约-6.74亿元，同比增长80.95%；基本每股收益-6.04元。 对于亏损原因，金科股份在年报中解释，一方面，公司整体项目销售下滑，报告期内达到交付条件的项 目同比大幅减少，结转收入下降至276亿元，结转毛利润同比减少48亿元。同时，经营性物业的出租 率、租金水平及客流量的下降，导致以公允价值计量的经营性物业价值同比减少约12亿元。另一方面， 受市场因素、公司债务逾期导致项目板结，以及剩余可售项目多集中在三四线城市的影响，2024年金科 股份按照会计准则计提并表子公司存货跌价准备130亿元。另外，受利息支出费用化及债务逾期影响， 财务费用大幅增加至79亿元。 进入2025年一季度，公 ...

Group 1: Sales Performance of Top 100 Real Estate Companies - In the first four months of the year, the total sales of the top 100 real estate companies reached approximately 1.12 trillion yuan, reflecting a year-on-year decline of 10.2%, with April showing a more significant drop of 16.9% compared to March [1] - The number of companies exceeding 10 billion yuan in sales decreased by three compared to the same period last year, indicating a contraction in the market [1] - The total equity sales amounted to approximately 796 billion yuan, with an equity sales area of 40.71 million square meters [1] Group 2: Land Acquisition Trends - The total land acquisition amount for the top 100 real estate companies in the first four months was approximately 360.8 billion yuan, marking a year-on-year increase of 26.6% [2] - Major players in land acquisition included Greentown China, China Jinmao, and Poly Developments, with respective acquisitions of 64.2 billion yuan, 59 billion yuan, and 50.1 billion yuan [2] - The land transfer fees for residential land in 22 cities increased by over 40% year-on-year, with high premium land parcels being sold in key cities such as Beijing, Hangzhou, and Chengdu [2] Group 3: Regulatory Actions on Jin Ke Co., Ltd. - Jin Ke Co., Ltd. received administrative regulatory measures from the Chongqing Securities Regulatory Bureau due to inaccurate disclosures regarding inventory impairment provisions in its 2021 financial report [3] - The company's chairman, president, and financial officer are required to attend a regulatory discussion, highlighting internal control and financial management deficiencies [3] - This incident may lead to increased scrutiny from the capital market regarding the financial transparency of real estate companies, especially those undergoing debt restructuring [3] Group 4: Strategic Cooperation in Rental Housing - Shenzhen Metro Real Estate Group signed a strategic cooperation agreement with Vanke Apartment to enhance collaboration in the housing rental sector [4] - This partnership aims to combine Shenzhen Metro's asset advantages with Vanke's brand influence and operational strengths in the rental market [4] - The collaboration reflects a trend of resource complementarity and risk-sharing among leading companies during industry adjustments, potentially accelerating the shift towards a "heavy operation" model in the rental housing sector [4] Group 5: Financing Collaboration between China Jinmao and Binhai Group - China Jinmao announced a loan agreement to provide up to 1.12 billion yuan in earnest money to Binhai Group for the cooperative development of a land parcel in Hangzhou [5] - The loan, with an interest rate of 1.55%, aims to optimize project returns by leveraging the resources of both parties [5] - This collaboration underscores the urgency for real estate companies to optimize resource allocation through cooperative development amid liquidity pressures [6]

Core Viewpoint - The company, Jinke Property Group Co., Ltd., received administrative regulatory measures from the Chongqing Securities Regulatory Bureau due to inaccurate financial disclosures related to inventory impairment provisions for the year 2021 [2][3][4]. Group 1: Regulatory Measures - The Chongqing Securities Regulatory Bureau issued a decision requiring the company to correct its disclosures and issued a warning letter due to insufficient inventory impairment provisions in the 2021 financial report [3][4]. - The company has acknowledged the issues and is required to submit a written rectification report within 30 days, detailing corrective measures and responsible parties [4][6]. Group 2: Financial Reporting Issues - In 2021, the company miscalculated impairment provisions due to erroneous data and unreasonable future price estimates, leading to inaccurate financial reporting [2][5]. - The company has since conducted a comprehensive review of inventory impairment provisions from 2021 to 2023 and has strengthened its management of impairment testing [2][6]. Group 3: Impact on Operations - The administrative measures are not expected to significantly impact the company's normal operations or the restructuring plans that have already been approved [2][6]. - The company will continue to advance its restructuring efforts despite the regulatory actions [2][6].

Core Viewpoint - The overall net profit of 5,399 listed companies in A-shares for 2024 is projected to be 5.2142 trillion yuan, a decrease of 2.23% compared to 2023, with only the Shanghai Main Board showing a slight increase of 2.79% [3][4]. Financial Performance Summary - In Q4 2024, the total net profit for 5,399 companies was only 786.98 billion yuan, a year-on-year decline of 14.18%, with the Shanghai Main Board being the only sector to show a slight increase of 0.81% [4]. - The number of loss-making companies in 2024 reached 1,449, accounting for 26.84% of the total [3]. - In Q1 2025, there was a slight recovery with a total net profit of 1.4896 trillion yuan, an increase of 3.61% year-on-year, driven by significant growth in the Shenzhen Growth Enterprise Market [4][8]. Sector Analysis - The banking sector remains the most profitable, with 42 banks earning 485.59 billion yuan in Q4 2024, representing 61.70% of the total profit of 786.98 billion yuan for all companies [7]. - The agriculture, forestry, animal husbandry, and fishery sector saw the highest increase in net profit for 2024 at 1,486.40%, largely due to the pig cycle [8]. - The real estate sector experienced the most significant decline, with a year-on-year decrease of 3,228.65% in 2024, indicating ongoing challenges in the industry [8]. Company Performance - The top ten companies by net profit in 2024 were all from the Shanghai Main Board, predominantly banks, with the highest being Shanghai Pudong Development Bank at 3.62366 billion yuan [11]. - The bottom ten companies included several from the real estate sector, with Vanke A reporting a loss of 553.63 million yuan, marking it as the largest loss-maker [14]. Quarterly Performance Trends - In Q4 2024, 13 out of 32 industries reported losses, with the media and real estate sectors being the most affected [8]. - By Q1 2025, only the real estate sector reported losses, indicating a potential stabilization in other sectors [8].