被实施退市风险警示及其他风险警示的公告 证券简称：*ST 金科 证券代码：000656 公告编号：2025-140 号 金科地产集团股份有限公司 关于申请撤销公司股票因重整而被实施退市风险警示暨继续 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。 特别提示： 根据《上市规则》第 9.4.14 条规定，公司因被法院裁定受理重整而触及的 退市风险警示情形已经消除，公司拟向深交所申请撤销因触及被法院裁定受理重 整情形而对公司实施的退市风险警示，深交所将在收到公司申请后十五个交易日 内（如需补充材料，补充材料时间不计入该期限内）作出是否同意公司股票交易 撤销退市风险警示的决定，最终申请撤销情况以深交所审核意见为准。 三、公司继续实施退市风险警示及其他风险警示的情况 1、金科地产集团股份有限公司（以下简称"公司"）重整计划已执行完毕， 根据《深圳证券交易所股票上市规则》（以下简称"《上市规则》"）等相关 规定，公司股票因被法院裁定受理重整而触及的退市风险警示情形已经消除， 公司已向深圳证券交易所（以下简称"深交所"）申请撤销因被法院裁定受理 重整而触及的退市风险警示。 ...

Core Viewpoint - Jinke Service (09666) announced that Jinke Real Estate Group Co., Ltd. is conducting a public auction of its remaining 500,000 shares, representing approximately 0.08% of the total issued share capital as of the announcement date [1] Group 1 - The auction is being supervised by the Chongqing Fifth Intermediate People's Court [1] - The transfer of these shares to an independent third party, Mr. Ning Yu, and his associates was completed on December 4, 2025 [1] - Mr. Ning Yu is independent of Broad Gongga Investment Pte. Ltd. and is not acting in concert with Broad Gongga Investment Pte. Ltd. [1]

Core Viewpoint - Kins Technology Services (09666) announced that Kins Real Estate Group Co., Ltd. is conducting a public auction of its remaining 500,000 shares, representing approximately 0.08% of the total issued share capital as of the announcement date [1] Group 1 - Kins Real Estate Group's shares are being auctioned under the supervision of the Chongqing Fifth Intermediate People's Court [1] - The transfer of these shares to an independent third party, Mr. Ning Yu, and his associates was completed on December 4, 2025 [1] - Mr. Ning Yu is independent of Broad Gongga Investment Pte. Ltd. and is not acting in concert with it [1]

Group 1 - Jinke Co., Ltd. and its subsidiary Chongqing Jinke have successfully completed their restructuring plans, marking Jinke as the first billion-level listed real estate company in China to resolve risks through judicial restructuring [1] - The completion of the restructuring provides an important model for risk resolution in the real estate industry [1] Group 2 - Chengdu successfully sold three residential land parcels for a total of 1.339 billion yuan, with the most notable parcel in Jinjiang District sold for 904 million yuan at a floor price of 21,500 yuan per square meter and a premium rate of 5.91% [2] - This event reflects the trend of focusing investment on core assets in first and second-tier cities, injecting structural confidence into the real estate sector [2] Group 3 - Yuexiu Property announced a financing agreement with a bank for a term loan of 500 million HKD, with a maximum loan period of 18 months [3] - This financing demonstrates the recognition of Yuexiu's state-owned background, investment-grade rating, and stable financial fundamentals by financial institutions [3] Group 4 - The Nanshan District of Shenzhen launched the "Nanshan Housing Exchange" program, integrating resources from intermediaries, developers, banks, and home services to offer various benefits for participants [4] - This initiative aims to enhance the sales channels for new homes in core areas and provides a replicable model for demand activation in the industry [4] Group 5 - China State Construction Engineering Corporation and China State Construction Intelligence acquired a land parcel in Beijing for 1.354 billion yuan, with a floor price of 28,400 yuan per square meter [5] - This acquisition fills a gap in the market for China State Construction Intelligence in Fengtai and enhances both companies' asset reserves [5]

Core Viewpoint - Jinke Co., Ltd. has successfully completed a judicial reorganization, marking the largest restructuring case in the real estate industry to date, which is unprecedented in scale and complexity [1] Group 1: Judicial Reorganization - The restructuring involves a debt of 147 billion yuan and over 8,400 creditors, with the success attributed to a three-dimensional model of "judicial reorganization + strategic investment + business transformation" [1] - Jinke's reorganization serves as a significant breakthrough for the industry, providing a market-oriented and legal pathway for risk resolution [1] Group 2: Industry Trends - The new board of directors at Jinke includes professionals from asset management companies, industrial operations, and financial management, indicating a shift towards a light asset model focused on revitalizing existing assets [2] - The debt restructuring model in the industry has shifted from "extending time for space" to a focus on substantial debt reduction, with 21 distressed real estate companies having completed debt restructuring or reorganization, totaling approximately 1.2 trillion yuan [2] Group 3: Challenges and Outlook - The industry still faces structural challenges, with a trend of "differentiated relief" due to varying company qualifications, but the gradual maturity of restructuring mechanisms and the involvement of professional forces are helping the real estate sector move towards high-quality development [3] - This progress aligns with the central economic work conference's emphasis on stabilizing the real estate market, reflecting positive outcomes that the market and policies have been seeking [3]

Core Viewpoint - The successful completion of the restructuring plan for *ST Jinke (000656) is expected to restore market confidence and improve the company's financial health, allowing it to apply for the removal of delisting risk warnings from the Shenzhen Stock Exchange [1][2]. Group 1: Restructuring Process - The restructuring process began in May 2023 when the company proposed to apply for restructuring and pre-restructuring [2]. - In February 2024, *ST Jinke officially filed for restructuring, which was accepted by the Chongqing Fifth Intermediate People's Court in April 2024 [2]. - The restructuring investors were finalized in November 2024, with a total investment of 2.628 billion yuan from various parties, including Shanghai Pinqi Management Consulting Co., Ltd. and Beijing Tianjiao Lvyuan Real Estate Development Co., Ltd. [2]. Group 2: Financial and Operational Improvements - The completion of the restructuring plan is expected to significantly improve the company's asset-liability structure and enhance its core competitiveness and profitability [3]. - The restructuring is projected to have a positive impact on the company's financial status in 2025, with specific amounts to be determined by audited financial statements [3]. Group 3: Industry Implications - The restructuring of *ST Jinke serves as a reference for the real estate industry in addressing challenges and finding new pathways for risk resolution [4]. - The case demonstrates that large real estate companies can effectively mitigate risks through judicial restructuring, providing a replicable success model for the industry [4][6]. - The company plans to restructure its business model around four key areas: investment management, development services, operational management, and special assets, incorporating technology and innovative practices [4].

Core Viewpoint - Jinke Co., Ltd. has successfully completed a judicial restructuring, marking the largest restructuring case in the real estate industry to date, with a total debt of 147 billion yuan and over 8,400 creditors involved [2] Group 1: Judicial Restructuring - The restructuring process is seen as an ideal solution for distressed real estate companies to mitigate risks and seek rebirth, with Jinke's case being unprecedented in complexity and scale [2] - The successful restructuring model combines judicial restructuring, strategic investment, and business transformation, shifting focus from development to operation and management [2] Group 2: Industry Implications - Jinke's restructuring serves as a breakthrough for the industry, providing a market-oriented and legal pathway for risk resolution, which is crucial for restoring market confidence [2] - The restructuring experience of Jinke is a reference for other struggling companies, emphasizing the need for debt restructuring to be closely tied to governance innovation and strategic transformation [3] Group 3: Debt Restructuring Trends - The current trend in debt restructuring among real estate companies has shifted from merely extending payment deadlines to substantial debt reduction, addressing systemic debt issues [3] - As of now, 21 distressed real estate companies have completed domestic and international debt restructuring, with a total debt reduction of approximately 1.2 trillion yuan, accelerating the process of risk clearance in the industry [3] Group 4: Structural Challenges - Despite progress, the industry still faces structural challenges, with differentiation in company qualifications leading to a normalization of "differentiated relief" [4] - The real estate sector is gradually moving away from debt issues towards high-quality development, aided by the maturation of restructuring mechanisms and the involvement of professional asset management companies [4] Group 5: Market Outlook - The successful restructuring of Jinke is viewed as a positive outcome following the central economic work conference's emphasis on stabilizing the real estate market, aligning with market expectations and policy goals [5]

历时两年半，全国首家大型上市房企司法重整案顺利完成。 12月15日，金科股份发布《关于公司及控股子公司重整计划执行完毕的公告》。公告称，经管理人监督 报告及律师事务所法律意见书确认，公司及重庆金科重整计划均已执行完毕。这标志着金科股份成为全 国首家通过司法重整实现风险化解的千亿级上市房企。 根据重整计划，重整投资人共计26.28亿元的投资款已全额支付到位；破产费用、职工债权及普通债权 对应的清偿资金均已支付或完成专项预留；通过资本公积转增的约52.94亿股股票已转增并划转至指定 账户；破产服务信托合同、资产管理协议已正式签署并生效。后续，公司将持续推进偿债资源分配等收 尾工作，确保债权人公平受偿。 值得关注的是，在金科股份发布上述公告后，金科股份（*ST金科）的股价早盘涨停。 历时两年半完成重整 据公开信息显示，金科股份最早于2023年5月提出主动向法院申请重整及预重组的设想，同年7月31日， 金科股份董事会与监事会审议通过相关议案，同意公司向有管辖权的人民法院申请重整及预重整；2024 年2月21日，金科股份以不能清偿到期债务且明显缺乏清偿能力为由，正式向法院提交破产重整申请。 2024年4月22日，重庆市 ...

每经记者｜陈利 每经编辑｜陈柯名 陈梦妤 根据重整计划，重整投资人共计26.28亿元投资款已全额支付到位；破产费用、职工债权及普通债权对应的清偿资金均已支付或完成专项预留；通过资本 公积转增的约52.94亿股股票已转增并划转至指定账户；破产服务信托合同、资产管理协议已正式签署并生效。后续，公司将持续推进偿债资源分配等收 尾工作，确保债权人公平受偿。 官网截图 12月15日晚间，金科股份发布《关于公司及控股子公司重整计划执行完毕的公告》。公告称，经管理人监督报告及律师事务所法律意见书确认，公司及重 庆金科重整计划均已执行完毕，重整工作终于画上圆满句号。这标志着金科股份成为全国首家通过司法重整实现风险化解的"千亿级"上市房企。 历时两年半完成司法重整 金科股份的重整之路可追溯至2023年5月，彼时公司提出了主动向法院申请重整及预重组的设想。 但直到2024年2月，金科股份才正式向法院申请重整，两个月后被重庆市第五中级人民法院（以下简称重庆市五中院）裁定受理。 此后金科股份收到了中金资本联合体、长城国富置业、深圳招商平安资管等12家意向重整投资人的报名材料，且所有重整投资人均缴纳了保证金。 令人意外的是，2024年 ...

12月16日，*ST金科（000656）股价开盘大幅拉升，最终封于涨停，最新股价报1.55元/股，市值164.8亿 元。12月12日、12月15日、12月16日，该个股股价已连续三个交易日持续上涨，累计涨幅6.16%。 12月15日晚间，*ST金科发布《关于公司及控股子公司重整计划执行完毕的公告》。公告称，经管理人 监督报告及律师事务所法律意见书确认，公司及控股子公司重庆金科房地产开发有限公司（以下简 称"重庆金科"）重整计划均已执行完毕。 回顾重整历程，2024年4月份，*ST金科及重庆金科的重整申请被重庆市第五中级人民法院正式裁定受 理。如今，重整计划执行完毕，标志着公司成为全国首家通过司法重整实现风险化解的上市房企，步入 发展新阶段。 根据公司发布的《金科地产集团股份有限公司重整计划》执行情况的监督报告，重整投资人共计26.28 亿元投资款已全额支付到位。 *ST金科在公告中披露，公司及重庆金科的司法重整工作得到了重庆市委、市政府高度重视，专门成立 金科工作专班，会同法院、监管部门对公司进行了必要的、持续的、系统性的督促和指导。在重整程序 中，公司及重庆金科通过引入重整投资人、实施出资人权益调整、争取债 ...