2025.05. 12 本文字数：690，阅读时长大约2分钟 作者 | 第一财经 马一凡 5月11日，*ST金科（000656.SZ）发布公告称，重庆金科房地产开发有限公司（以下简称"重庆金 科"）第二次债权人会议表决通过重整计划，且重庆市五中院分别于5月10日及11日裁定批准金科地 产集团股份有限公司（以下简称"金科股份"）及重庆金科的重整计划并终止重整程序。这标志着金科 股份司法重整取得重要阶段性成果，正式进入执行环节。 金科是首家进行司法重整的全国性上市房企，本次重整涉及的债务规模达1470亿元，债权人数量超 8400家，不仅是房地产行业迄今最大的司法重整案，也是重庆市有史以来最大的重整案。 多地宣布发钱奖励结婚！ *ST金科方面表示，这些战略投资者的加入，为金科带来了增量资金，用于支持"保交楼"项目建设、 补充流动资金和优化资本结构。此外，重庆地方政府和法院方面在重整过程中依法履职，为企业纾困 提供了有力支持。 根据重整方案，未来金科将会对现有业务板块进行整合与优化，剥离非核心或低效资产，设置"投资 管理、开发服务、运营管理、特殊资产"四大业务板块，通过投资经营特殊资产、运营开发改善型住 宅、做精做强 ...

Group 1 - The private equity issuance market has seen a significant increase in activity, with nearly 3,500 new private securities investment funds registered this year, representing a nearly 40% growth compared to the same period last year [1] - NIO plans to issue H-shares at a maximum price of 263 HKD per share, with the pricing expected between May 13 and May 16, and trading to commence on May 20 [1] - A trend of consumer companies going public overseas has emerged, with several new consumption brands planning listings in Hong Kong and the US, driven by the need for international expansion and brand enhancement [1] Group 2 - Shanghai Ladder Medical Technology has successfully conducted a clinical trial of an invasive brain-computer interface system, allowing a participant to control a game using thoughts after implant surgery [2] - Samsung has reportedly reached an agreement with major clients to increase DRAM prices, with DDR4 prices rising by double-digit percentages and DDR5 prices increasing by single-digit percentages [2] - Polestar is recalling 3,664 vehicles in the US due to a rearview camera issue that may reduce driver visibility, with software updates planned to address the problem [2] Group 3 - Specialized Medical Company in Saudi Arabia successfully completed a $500 million IPO, with all shares sold within hours, indicating strong demand [3] - Mirxes Holding Company Limited has passed the listing hearing at the Hong Kong Stock Exchange, focusing on miRNA technology for cancer screening [4] Group 4 - Huiyuan Juice has issued a statement refuting rumors about its financial difficulties, emphasizing that such claims are malicious and damaging to its reputation [5] - Hualan Biological Engineering announced that its major shareholder plans to reduce its stake by up to 3% within three months [6] - Pilin Bio received an administrative regulatory decision from the Shanxi Securities Regulatory Bureau due to internal control deficiencies and inaccurate information disclosure [7] Group 5 - ST Jinke has received court approval for its restructuring plan, allowing the company and its subsidiary to enter the execution phase of the plan [8]

每经记者｜陈利 每经编辑｜陈梦妤 金科股份重整进程迎来关键进展。 5月11日晚间，*ST金科（SZ000656，股价1.49元）公告，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送达的《民事裁定书》，裁定批 准《金科股份重整计划》《重庆金科重整计划》，并终止公司及重庆金科重整程序。 这意味着，金科股份正式进入重整执行环节。作为近年来首家主动申请重整并被法院裁定批准重整计划的大型全国性上市房企，金 科股份的破局重生极具样本意义，有望成为大型房企通过司法重整化解风险的范例。 预计化解债务1470亿元 从2023年5月首次在内部董事会提出主动向法院申请重整及预重组的设想，到如今获批正式进入重整执行环节，金科股份用了两年时 间。 在当年11月的重整投资人评审委员会上，上海品器管理咨询有限公司与北京天娇绿苑房地产开发有限公司联合体中选为金科股份及 重庆金科的投资人。 此后，金科股份又引入中国长城资产、四川发展证券基金等产业投资人，同时完成与20余家财务投资人的满额签约，重整投资人以 26.28亿元认购 ...

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 ...

ST板块近期持续活跃， ST瑞和、 *ST恒久、 *ST元成、 ST起步、 ST雪发、 *ST宇顺、 *ST金科、 ST 加加、 *ST花王等30余股涨停。 ...

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].

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]