| 证券代码:000736 | 证券简称:*ST 中地 | | --- | --- | | 债券代码:149610 | 债券简称:21 中交债 | | 债券代码:148385 | 债券简称:23 中交 04 | | 债券代码:148551 | 债券简称:23 中交 06 | | 债券代码:134164 | 债券简称:25 中交 01 | | 债券代码:133965 | 债券简称:25 中交 02 | | 债券代码:134197 | 债券简称:25中交 03 | 公告编号:2025-075 中交地产股份有限公司 特别提示: 中交地产股份有限公司(简称"本公司")于 2023年 7 月 21 日发行的中交 地产股份有限公司 2023年面向专业投资者公开发行公司债券(第三期)(品种 一））（以下简称"23 中交 04"、"本期债券"、债券代码 148385）至 2025 年 7 月 21 日将到期。根据本公司"23 中交 04"《募集说明书》有关条款的规定, 本公司将于 2025年 7 月 21 日 兑付本期债券的本金及支付本期债券自 2024 年 7 月 21 日至 2025年 7 月 21 日期间的利息(简称" ...

中交地产股份有限公司 2025 年半年度业绩预告 | 证券代码：000736 | 证券简称：*ST | 中地 公告编号：2025-074 | | --- | --- | --- | | 债券代码：149610 | 债券简称：21 | 中交债 | | 债券代码：148385 | 债券简称：23 | 中交 04 | | 债券代码：148551 | 债券简称：23 | 中交 06 | | 债券代码：134164 | 债券简称：25 | 中交 01 | | 债券代码：133965 | 债券简称：25 | 中交 02 | | 债券代码：134197 | 债券简称：25 | 中交 03 | √预计净利润为负值 | 项 目 | 本报告期 | | | 上年同期 | | | --- | --- | --- | --- | --- | --- | | 归属于上市公司股东的净利润 | 亏损：约 | 119,000 | 万元 | 亏损：97,077 | 万元 | | 扣除非经常性损益后的净利润 | 亏损：约 | 120,000 | 万元 | 亏损：100,135 | 万元 | | 基本每股收益 | 亏损：约 | 1.60 | 元/股 ...

| 证券代码：000736 | 证券简称：*ST | 中地 公告编号：2025-073 | | --- | --- | --- | | 债券代码：149610 | 债券简称：21 | 中交债 | | 债券代码：148385 | 债券简称：23 | 中交 04 | | 债券代码：148551 | 债券简称：23 | 中交 06 | | 债券代码：134164 | 债券简称：25 | 中交 01 | | 债券代码：133965 | 债券简称：25 | 中交 02 | | 债券代码：134197 | 债券简称：25 | 中交 03 | 中交地产股份有限公司 公司控股公司惠州中交置业有限公司（以下简称"惠州置业"） 1 与中国光大银行股份有限公司惠州分行签订贷款展期合同，惠州置业 在中国光大银行股份有限公司惠州分行的借款本金 24，800万元借款 期限进行调整，原贷款期限与延长期限之和为 66 个月。公司为惠州 置业上述借款提供连带责任保证，公司按 99.96%权益比例为惠州置 业提供连带责任保证担保金额为 24,790.08万元，惠州置业向公司提 供反担保。 特别风险提示： 中交地产股份有限公司(以下简称"公司") ...

Core Viewpoint - The report provides an overview of the bond issuance and management activities of China Communications Real Estate Company Limited, highlighting the company's financial performance and ongoing legal matters affecting its operations [2][18][20]. Section 1: Company Bond Overview - The issuer is China Communications Real Estate Company Limited, with various bonds issued including "21 Zhongjiao Bond" with a total face value of up to 1.1 billion yuan and "23 Zhongjiao Bond" series with a total face value of up to 3 billion yuan each [2][3]. - The company has issued multiple bonds in 2023, including "23 Zhongjiao 01" (1 billion yuan), "23 Zhongjiao 02" (700 million yuan), "23 Zhongjiao 04" (700 million yuan), and "23 Zhongjiao 06" (300 million yuan) [3][4][5]. Section 2: Financial Performance - As of December 31, 2024, the company reported total assets of 107.70 billion yuan, a decrease from 123.27 billion yuan in 2023, indicating a downward trend in asset scale due to reduced business operations [24][26]. - The company achieved an operating income of 18.30 billion yuan in 2024, a significant decrease of 49.65% compared to the previous year, reflecting the challenging real estate market conditions [24][26]. - The net profit attributable to shareholders was -5.18 billion yuan, a decline of 356.79% from the previous year, highlighting severe financial distress [24][26]. Section 3: Legal Matters - The company is involved in significant legal disputes, including a case against Beijing Maokang for loan repayment, with a total claim of approximately 700 million yuan [20][21]. - The company has also faced litigation related to loan agreements with Yunnan Country Garden, indicating ongoing financial and operational challenges [20][22]. Section 4: Management and Governance - The company has undergone changes in its board of directors, with the resignation of the chairman and other key executives, which may impact governance and strategic direction [21][22]. - The trustee management has been actively monitoring the issuer's credit risk and compliance with bond obligations, ensuring that interest payments are made on time [18][19].

股票简称：ST*中地 股票代码：000736.SZ 债券简称：21 中交债 债券代码：149610.SZ 债券简称：23 中交 01 债券代码：148208.SZ 债券简称：23 中交 02 债券代码：148235.SZ 债券简称：23 中交 04 债券代码：148385.SZ 债券简称：23 中交 06 债券代码：148551.SZ 债券简称：25 中交 01 债券代码：134164.SZ 债券简称：25 中交 02 债券代码：133965.SZ 债券简称：25 中交 03 债券代码：134197.SZ 中交地产股份有限公司公司债券受托管理事务报告 （2024 年度） 发行人 中交地产股份有限公司 （重庆市江北区观音桥建新北路 86 号） 债券受托管理人 国新证券股份有限公司 （北京市西城区车公庄大街 4 号 2 幢 1 层 A2112 室） 2025 年 6 月 重要声明 国新证券股份有限公司（以下简称"国新证券"）编制本报告的内容及 信息均来源于中交地产股份有限公司（以下简称"中交地产"、"发行人"、 "公司"）2025 年 4 月对外披露的《中交地产股份有限公司 2024 年年度报 告》等相关公开信息 ...

Core Viewpoint - The report discusses the significant asset restructuring progress of China Communications Real Estate Group Co., Ltd. (中交地产), involving the transfer of real estate development assets and liabilities to its controlling shareholder, China Communications Real Estate Group Limited (中交房地产集团) [2][5]. Group 1: Transaction Overview - The transaction will be conducted in cash and will not involve the issuance of shares, nor will it change the controlling shareholder or actual controller of the company [2]. - This transaction is classified as a major asset restructuring under the regulations of the Shenzhen Stock Exchange and constitutes a related party transaction [2][5]. Group 2: Progress of the Transaction - The issuer has disclosed several announcements regarding the transaction, including a notice on major asset sales and related party transactions, and progress updates on the restructuring [3][4]. - The issuer plans to submit relevant proposals to the shareholders' meeting for approval after completing the necessary preparations [5]. Group 3: Impact Analysis and Response Measures - The restructuring is expected to improve the asset quality of 中交地产 and enhance its sustainable operating and profitability capabilities by shifting focus to property services and asset management [6]. - The transaction will lead to the transfer of debt repayment obligations, with 中交房地产集团 continuing to fulfill its bond repayment and disclosure obligations post-restructuring [6].

债券代码：149610 债券简称：21 中交债 债券代码：148385 债券简称：23 中交 04 债券代码：148551 债券简称：23 中交 06 债券代码：134164 债券简称：25 中交 01 债券代码：133965 债券简称：25 中交 02 债券代码：134197 债券简称：25 中交 03 国新证券股份有限公司 关于中交地产股份有限公司重大资产重组进展的 临时受托管理事务报告 国新证券股份有限公司（以下简称"国新证券"）编制本报告的内容及 信息均来源于中交地产股份有限公司（以下简称"中交地产"或"发行人"） 对外披露的相关公开信息披露文件、第三方中介机构出具的专业意见以及发 行人向国新证券出具的说明文件。 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资者应对 相关事宜作出独立判断，而不应将本报告中的任何内容据以作为国新证券所 作的承诺或声明。 国新证券股份有限公司作为中交地产发行的"21 中交债"、"23 中交 04"、 "23 中交 06"、"25 中交 01"、"25 中交 02"和"25 中交 03"债券受托管理 人（以下简称"受托管理人"），代表本期债券全体持有人，持续密切关 ...

Core Viewpoint - Several real estate companies are reported to be selling assets to address financial challenges and optimize their balance sheets [1]. Group 1: Rongwanjia's Debt Settlement - Listed property company Rongwanjia (02146.HK) announced a debt settlement framework agreement with its major shareholder Rongsheng Development (002146), involving the sale of properties to offset a debt balance of approximately 1.07 billion yuan [2][5]. - The properties to be sold include 12,700 parking spaces, 5,479 storage units, and 112 residential, apartment, and commercial units across various provinces [5]. - The agreement stipulates that the purchase price for the properties will offset the debt balance, resulting in an increase of approximately 1.07 billion yuan in inventory and a corresponding decrease in accounts receivable [6]. Group 2: China Communications Real Estate's Asset Sale - China Communications Real Estate announced a major asset sale plan, proposing to transfer its real estate development-related assets and liabilities to its controlling shareholder for a nominal price of 1 yuan [3][8]. - This transaction aims to focus the company on property services and asset management, transitioning to a light asset operation model [8]. - The company has been facing continuous losses in its real estate development business, with a reported net asset deficit of 3.579 billion yuan by the end of 2024, prompting the need to divest loss-making assets [9].

| 证券代码：000736 | 证券简称：*ST | 中地 公告编号：2025-072 | | --- | --- | --- | | 债券代码：149610 | 债券简称：21 | 中交债 | | 债券代码：148385 | 债券简称：23 | 中交 04 | | 债券代码：148551 | 债券简称：23 | 中交 06 | | 债券代码：134164 | 债券简称：25 | 中交 01 | | 债券代码：133965 | 债券简称：25 | 中交 02 | | 债券代码：134197 | 债券简称：25 | 中交 03 | 中交地产股份有限公司 关于重大资产重组的进展公告 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。 公司已于 2025 年 1 月 22 日披露了《关于筹划重大资产出售暨关 联交易的提示性公告》（公告编号：2025-007），对本次交易涉及的 相关事项进行了说明；于 2025 年 2 月 22 日披露了《关于筹划重大资 产重组的进展公告》（公告编号：2025-014）,于 2025 年 3 月 24 日 披露了《关于筹划重大资产重组的进 ...

Core Viewpoint - China Communications Real Estate plans to sell its real estate assets and liabilities for a nominal price of 1 yuan to its parent company, China Communications Real Estate Group, resulting in a net asset value of approximately -39.19 billion yuan, indicating the buyer is acquiring a "negative value" package [1][2]. Group 1: Asset and Liability Overview - The asset transfer package includes three categories: equity in real estate companies, receivables and other assets related to real estate business, and all debts including loans and bonds [2]. - The total book value of the assets is approximately 434.72 billion yuan, while the liabilities amount to about 473.91 billion yuan, leading to a net asset value of -39.19 billion yuan and an assessed value of -29.76 billion yuan [2]. Group 2: Strategic Implications - The transaction will remove the related assets from the company's consolidated financial statements, significantly reducing both asset scale and total liabilities, which is expected to enhance profitability and market competitiveness [3]. - The decision to divest from the real estate sector is driven by ongoing losses and high debt levels, with projected net profits of 0.34 billion yuan, -16.11 billion yuan, and -51.79 billion yuan from 2022 to 2024 [3]. Group 3: Industry Context and Comparisons - The restructuring approach taken by China Communications Real Estate is not unique, as other companies in the industry, such as Huaxia Happiness and Yuzhou Group, have also pursued debt restructuring strategies [4]. - The case of China Communications Real Estate serves as a reference for other real estate companies facing similar challenges, emphasizing the need for strategic adjustments and focus on core business areas [4]. Group 4: Transition to Light Asset Model - Following the asset transfer, the company will shift its focus to light asset operations, particularly in property services and asset management, aiming for a strategic transformation [5][6]. - The property management segment is projected to generate 7.28 billion yuan in revenue for 2024, reflecting a year-on-year growth of 60.91%, while rental income is expected to reach 1.72 billion yuan, up 64.48% [6]. Group 5: Historical Performance and Management Changes - China Communications Real Estate experienced a peak in sales in 2021 with total sales reaching 560 billion yuan, but has since seen a significant decline, with sales dropping to 105.11 billion yuan in the previous year [8]. - The company has undergone substantial management changes, including a restructuring of its organizational framework and the departure of several board members, indicating a shift in leadership strategy [9].