证券代码：002047 证券简称：*ST 宝鹰 公告编号：2025-091 （2）网络投票时间：2025 年 12 月 1 日。其中，通过深圳证券交易所系统进 行网络投票的具体时间为：2025 年 12 月 1 日 9:15—9:25，9:30—11:30，13:00 —15:00；通过深圳证券交易所互联网投票系统投票的具体时间为：2025 年 12 月 1 日 9:15 至 15:00 的任意时间。 深圳市宝鹰建设控股集团股份有限公司 2025年第四次临时股东会决议公告 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。 重要提示： 1、本次股东会无否决提案的情形。 2、本次股东会不涉及变更前次股东会决议的情况。 一、会议召开和出席情况 （一）会议召开情况 1、会议时间 （1）现场会议时间：2025 年 12 月 1 日（星期一）下午 14:45； 2、现场会议召开地点：深圳市福田区车公庙泰然四路 303 栋三楼多功能会 议室。 3、会议表决方式：现场投票与网络投票表决相结合的方式 4、会议召集人：公司董事会 5、会议主持人：董事长李鹏先生 （二）会议出席情况 ...

Group 1 - The decoration and renovation sector increased by 1.38% compared to the previous trading day, with Kexin Development leading the gains [1] - On the same day, the Shanghai Composite Index closed at 3888.6, up 0.34%, while the Shenzhen Component Index closed at 12984.08, up 0.85% [1] - Key stocks in the decoration and renovation sector showed significant price increases, with Kexin Development rising by 10.02% to a closing price of 12.74 [1] Group 2 - The main capital inflow in the decoration and renovation sector was 64.27 million yuan, while retail investors saw a net inflow of 36.58 million yuan [2] - The sector experienced a net outflow of 101 million yuan from speculative funds [2] - Individual stock capital flows indicated that ST Baoying had a net inflow of 25.23 million yuan from main funds, while Kexin Development had a net inflow of 13.32 million yuan [3]

Market Overview - The decoration and renovation sector saw a slight increase of 0.09% on November 27, with Zhengzhong Design leading the gains [1] - The Shanghai Composite Index closed at 3875.26, up 0.29%, while the Shenzhen Component Index closed at 12875.19, down 0.25% [1] Top Performers - Zhengzhong Design (002811) closed at 16.73, up 9.99% with a trading volume of 455,000 shares and a turnover of 731 million [1] - Meizhi Co., Ltd. (002856) also rose by 9.99% to close at 13.32, with a trading volume of 172,600 shares and a turnover of 214 million [1] - Other notable gainers include ST Chuangxing (600193) up 4.89% and Mingdiao Co., Ltd. (002830) up 4.57% [1] Underperformers - ST Dongyi (002713) fell by 5.00% to close at 13.67, with a trading volume of 95,150 shares and a turnover of 13 million [2] - ST Zhongzhuang (002822) decreased by 4.97% to 4.21, with a trading volume of 522,900 shares and a turnover of 223 million [2] - Other significant decliners include ST Mingjia (300506) down 3.59% and Haikou Development (002163) down 1.97% [2] Capital Flow - The decoration and renovation sector experienced a net outflow of 59.03 million from institutional investors, while retail investors saw a net inflow of 112 million [2] - The main stocks with significant capital flow include Zhengzhong Design with a net inflow of 11.9 million from institutional investors [3] - Meizhi Co., Ltd. had a net inflow of 12.93 million, while ST Baoying (002047) saw a net inflow of 12.39 million [3]

Market Performance - The decoration and renovation sector increased by 1.27% compared to the previous trading day, with Meizhi Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3870.02, up 0.87%, while the Shenzhen Component Index closed at 12777.31, up 1.53% [1] Key Stocks in the Sector - Meizhi Co., Ltd. (002856) closed at 12.88, with a rise of 9.99% and a trading volume of 97,200 shares, totaling a transaction value of 123 million yuan [1] - Zhengzhong Design (002811) closed at 16.01, up 7.31%, with a trading volume of 592,300 shares and a transaction value of 2.616 million yuan [1] - Other notable stocks include *ST Jianyi (002789) with a 5.00% increase, *ST Zhongzhuang (002822) with a 4.98% increase, and Zhongtian Jingzhuang (002989) with a 4.19% increase [1] Capital Flow Analysis - The decoration and renovation sector experienced a net outflow of 8.5444 million yuan from institutional investors, while retail investors saw a net outflow of 3.6943 million yuan [2] - Conversely, speculative funds recorded a net inflow of 12.2387 million yuan [2] Individual Stock Capital Flow - Zhengzhong Design (002811) had a net inflow of 11.2 million yuan from institutional investors, but a net outflow of 58.6391 million yuan from speculative funds [3] - Meizhi Co., Ltd. (002856) saw a net inflow of 21.6486 million yuan from institutional investors, with a net outflow of 9.0472 million yuan from speculative funds [3] - Hainan Development (002163) had a net inflow of 59.3333 million yuan from institutional investors, while also experiencing a net outflow from retail investors [3]

证券代码：002047 证券简称：*ST 宝鹰 公告编号：2025-090 2025 年 11 月 20 日，公司控股股东珠海大横琴集团有限公司（以下简称"大横 琴集团"）以书面形式向董事会提交了《关于增加深圳市宝鹰建设控股集团股份有限 深圳市宝鹰建设控股集团股份有限公司 关于2025年第四次临时股东会增加临时提案 暨股东会补充通知的公告 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。 深圳市宝鹰建设控股集团股份有限公司（以下简称"公司"）于 2025 年 11 月 14 日召开第八届董事会第三十五次会议，审议通过《关于召开 2025 年第四次临时股 东会的议案》，决定于 2025 年 12 月 1 日召开公司 2025 年第四次临时股东会。 2025 年 10 月 24 日，公司召开第八届董事会第三十三次会议，审议通过《关于 公司符合向特定对象发行 A 股股票条件的议案》《关于公司 2025 年度向特定对象发 行 A 股股票方案的议案》《关于公司 2025 年度向特定对象发行 A 股股票预案的议案》 《关于公司<2025 年度向特定对象发行 A 股股票方案的 ...

Market Overview - The decoration and renovation sector increased by 0.5% compared to the previous trading day, with *ST Baoying leading the gains [1] - The Shanghai Composite Index closed at 3939.81, down 0.81%, while the Shenzhen Component Index closed at 13080.49, down 0.92% [1] Top Gainers in the Sector - *ST Baoying (002047) closed at 4.31, up 5.12% with a trading volume of 1.0946 million shares and a turnover of 460 million yuan [1] - ST Ruihe (002620) closed at 7.25, up 5.07% with a trading volume of 5845.5 shares and a turnover of 4.238 million yuan [1] - *ST Jianyi (002789) closed at 12.63, up 4.99% with a trading volume of 19,000 shares and a turnover of 2.40112 million yuan [1] Top Losers in the Sector - Quanzhu Co., Ltd. (603030) closed at 3.63, down 3.71% with a trading volume of 553,000 shares and a turnover of 202 million yuan [2] - Guangtian Group (002482) closed at 1.94, down 3.00% with a trading volume of 996,000 shares and a turnover of 194 million yuan [2] - Jintanglang (002081) closed at 3.40, down 1.73% with a trading volume of 282,100 shares and a turnover of 9.62478 million yuan [2] Capital Flow Analysis - The decoration and renovation sector experienced a net outflow of 39.8068 million yuan from main funds, while speculative funds saw a net inflow of 49.43 million yuan, and retail investors had a net outflow of 9.6232 million yuan [2] - The capital flow data indicates varying investor sentiment within the sector, with main funds withdrawing while speculative funds are entering [2] Individual Stock Capital Flow - Mengersai (002963) had a main fund net inflow of 8.4318 million yuan, while retail investors saw a net outflow of 9.9894 million yuan [3] - *ST Zhongzhuang (002822) recorded a main fund net inflow of 7.0853 million yuan, but also had a net outflow of 2.2059 million yuan from retail investors [3] - Zhengzhong Design (002811) had a significant main fund net inflow of 6.5678 million yuan, with a notable net outflow of 9.5075 million yuan from retail investors [3]

Core Viewpoint - The article discusses the strategic asset divestiture by *ST Baoying, which aims to improve its financial health and operational efficiency following a change in control from state-owned to private ownership [1][2][4]. Group 1: Asset Divestiture - *ST Baoying plans to sell its investment property in Shenzhen for 86.8725 million yuan to its controlling shareholder's subsidiary, marking a move to "recover" and "reduce burden" [1][2]. - The transaction is expected to positively impact the company's financial status, with an estimated loss of approximately 42 million yuan after accounting for taxes [1][2]. Group 2: Change in Control - The change in control involves a series of transactions that result in a new private entity, Shitong Niu Investment, becoming the largest shareholder with a 25.74% stake, replacing the state-owned Zhuhai State-owned Assets Supervision and Administration Commission [2][3]. - The total consideration for this acquisition exceeds 1.1 billion yuan, indicating a significant investment scale by the new controlling party [2]. Group 3: Historical Context and Challenges - Since the state-owned Zhuhai government took control in 2018, *ST Baoying has faced continuous annual losses, with net assets turning negative by the end of 2024 and a debt ratio exceeding 100% [3]. - The company's operational difficulties stem from broader industry pressures and specific client-related issues, particularly following the Evergrande debt crisis in 2021 [3]. Group 4: Future Strategy and Transformation - The new controlling party plans to pivot *ST Baoying's business focus from traditional construction to the photonics and silicon-based semiconductor sectors, with a commitment to achieve a net profit of 400 million yuan from these new ventures over the next three years [5][6]. - The transaction structure includes a combination of share transfers and voting rights arrangements, allowing the former state-owned entity to retain some influence while enabling the new shareholders to drive the company's transformation [5][6]. Group 5: Market Implications - This case exemplifies a "shell protection" strategy where state-owned assets are divested to private entities to preserve value and stimulate growth, potentially serving as a replicable model for other distressed companies in the market [4][6].

证券代码：002047 证券简称：*ST 宝鹰 公告编号：2025-089 深圳市宝鹰建设控股集团股份有限公司 关于股票交易异常波动的公告 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。 特别风险提示： 1、截至 2025 年 11 月 14 日，公司股票的静态市盈率为-8.48 倍，滚动市盈 率为-18.37 倍，市净率为-197.27 倍。根据中证指数官网发布的中上协行业分类 数据显示，公司所属的行业分类"E50 建筑装饰、装修和其他建筑业"最新静态 市盈率为 26.76 倍，滚动市盈率为 23.87 倍，市净率为 2.35 倍，公司当前的市 盈率、市净率与同行业情况有较大差异。敬请广大投资者理性投资，注意投资 风险。 2、2025 年 10 月 31 日，公司在指定信息披露媒体披露《2025 年三季度报告》 （公告编号：2025-080），公司 2025 年前三季度营业收入为 51,508.45 万元， 同比下降 65.79%；归属于上市公司股东的净利润为-3,374.75 万元，同比减亏 92.21%；归属于上市公司股东的所有者权益为-3,189.71 ...

Core Viewpoint - *ST Baoying (002047.SZ) plans to sell its investment property located in Longhua District, Shenzhen, to enhance asset liquidity and improve financial conditions [1] Group 1: Transaction Details - The investment property includes both the buildings and the land use rights [1] - The property has been appraised at a value of 86.8725 million yuan, which is the agreed transaction price [1] - The buyer is a wholly-owned subsidiary of the controlling shareholder, Dahengqin Group [1] Group 2: Strategic Intent - The sale aims to revitalize existing assets and optimize the company's asset structure [1] - The transaction is expected to enhance the company's financial situation [1]

Group 1 - *ST Baoying plans to sell its investment property located in Longhua District, Shenzhen, to its controlling shareholder, Dahongqin Group's wholly-owned subsidiary, Dahongqin Electronics, for a cash price of 86.8725 million yuan [1] - The transaction aims to revitalize existing assets, improve asset structure, optimize the company's financial situation, and enhance asset liquidity [1] - The assessed value of the property, according to Shenzhen Zhongqi Hua Land Real Estate Asset Appraisal Co., Ltd., is 86.8725 million yuan, which was agreed upon by both parties [1] Group 2 - As of the report, *ST Baoying has a market capitalization of 6.3 billion yuan [2] - For the first half of 2025, the revenue composition of *ST Baoying is as follows: decoration and renovation account for 61.06%, construction engineering for 29.92%, and others for 9.02% [1]