Core Insights - The average stock price in the A-share market is 13.96 yuan, with 21 stocks priced below 2 yuan, the lowest being *ST Yuan Cheng at 0.58 yuan [1][1][1] Low-Priced Stocks Overview - Among the low-priced stocks, 9 are ST stocks, accounting for 42.86% of those priced below 2 yuan [1][1] - The stocks with the highest daily gains include Yabo Co., ST Zhongzhu, and Chongqing Steel, with increases of 4.81%, 2.06%, and 1.91% respectively [1][1] - The stocks with the largest declines are *ST Suwu, Yongtai Energy, and HNA Holding, with decreases of 1.02%, 0.61%, and 0.54% respectively [1][1] Low-Priced Stocks Ranking - The table lists various low-priced stocks along with their latest closing prices, daily change percentages, turnover rates, price-to-book ratios, and industries, highlighting the performance of these stocks in the market [1][1][1]

11月10日，荣盛发展盘中上涨2.42%，截至13:34，报1.69元/股，成交2.36亿元，换手率3.62%，总市值 73.48亿元。 荣盛发展所属申万行业为：房地产-房地产开发-住宅开发。所属概念板块包括：在线旅游、智慧物流、 小盘、京津冀、低价等。 截至9月30日，荣盛发展股东户数14.46万，较上期增加12.64%；人均流通股27046股，较上期减少 11.22%。2025年1月-9月，荣盛发展实现营业收入203.89亿元，同比减少29.31%；归母净利润-30.98亿 元，同比减少117.44%。 分红方面，荣盛发展A股上市后累计派现118.37亿元。近三年，累计派现0.00元。 机构持仓方面，截止2025年9月30日，荣盛发展十大流通股东中，香港中央结算有限公司位居第四大流 通股东，持股5650.81万股，相比上期增加2807.68万股。南方中证房地产ETF发起联接A（004642）位居 第六大流通股东，持股3293.36万股，相比上期减少37.04万股。 责任编辑：小浪快报 资金流向方面，主力资金净流入1732.87万元，特大单买入3223.88万元，占比13.65%，卖出2431.52万 元， ...

Core Viewpoint - The company announced that its subsidiary will provide guarantees for financing arrangements to support business development, with a total guarantee amount not exceeding 70.57 million yuan [2][6]. Summary by Sections Guarantee Overview - The company’s wholly-owned subsidiary, Rongsheng (Xuzhou) Real Estate Development Co., Ltd., plans to collaborate with Ding Wenqiang for a financing amount not exceeding 70.57 million yuan, with a guarantee period of no more than 45 months [2]. Guarantee Amount Usage - The total guarantee amount is capped at 70.57 million yuan, which will be secured by assets from another subsidiary, Xuzhou Rongkai Real Estate Co., Ltd. [2]. Basic Information of the Guaranteed Party - The guaranteed party, Rongsheng Xuzhou, was established on February 14, 2006, and is located in Xuzhou, China [5]. Main Content of the Guarantee - The guarantee involves a mortgage agreement between Rongsheng Xuzhou, Xuzhou Rongkai, and Ding Wenqiang, covering the principal and interest of the loan [6]. Board of Directors' Opinion - The board believes that the guarantee is within the approved annual guarantee plan and does not harm the interests of the company or its shareholders, as Rongsheng Xuzhou has sufficient capacity to repay the financing [6]. Total External Guarantees and Overdue Guarantees - As of the announcement date, the company’s total actual guarantees amount to 44.22 billion yuan, which is 297.68% of the latest audited net assets. The guarantees to external entities amount to 7.755 billion yuan, representing 52.21% of the latest audited net assets, with overdue guarantees totaling 11.411 billion yuan [6].

证券代码：002146 证券简称：荣盛发展 公告编号：临 2025-097 号 荣盛房地产发展股份有限公司 关于下属子公司之间融资提供担保的公告 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： 公司及控股子公司对外担保总额超过最近一期经审计净资产 100%、对资产 负债率超过 70%的被担保对象担保、担保金额超过公司最近一期经审计净资产 50%以及对合并报表外单位担保金额达到或超过最近一期经审计净资产 30%，提 请投资者充分关注担保风险。 根据荣盛房地产发展股份有限公司（以下简称"公司"）2025 年度第一次临时股东大会审议通过的《关于公司 2025 年度担保计划 的议案》和公司相关项目发展需要，公司下属子公司拟为公司下属子 公司的业务提供担保。根据《深圳证券交易所上市公司自律监管指引 第 1 号——主板上市公司规范运作》的相关规定，现就相关情况公 告如下： 一、担保情况概述 为了促进公司发展，公司全资子公司荣盛（徐州）房地产开发有 限公司（以下简称"荣盛徐州"）与丁文强拟合作业务本金金额不超 过 7,057 万元，公司子公司徐州荣凯置业有限 ...

Core Viewpoint - Rongsheng Development has significant financial obligations, with total guarantees amounting to 44.22 billion yuan, which is 297.68% of the company's latest audited net assets [1] Financial Obligations - The actual guarantee amount provided by the company and its controlling subsidiaries to off-balance sheet entities is 7.755 billion yuan, representing 52.21% of the company's latest audited net assets [1] - The overdue guarantee amount stands at 11.411 billion yuan [1] Revenue Composition - For the first half of 2025, the revenue composition of Rongsheng Development is as follows: real estate accounts for 87.71%, property management for 7.99%, hotel operations for 1.98%, industrial parks for 1.56%, and other industries for 0.75% [1] Market Capitalization - As of the report date, Rongsheng Development's market capitalization is 7.2 billion yuan [1]

Core Viewpoint - Rongsheng Development's stock price has shown a slight decline this year, but recent trading indicates some recovery in the short term, with significant trading activity noted in the past few weeks [2]. Group 1: Stock Performance - As of November 6, Rongsheng Development's stock price was 1.64 CNY per share, down 2.38% during the day, with a total market capitalization of 7.131 billion CNY [1]. - Year-to-date, the stock price has decreased by 0.61%, but it has increased by 4.46% over the last five trading days, 1.23% over the last 20 days, and 16.31% over the last 60 days [2]. Group 2: Trading Activity - On November 6, the net outflow of main funds was 9.1504 million CNY, with large orders showing a buy of 43.1866 million CNY and a sell of 56.5878 million CNY [1]. - Rongsheng Development has appeared on the "Dragon and Tiger List" three times this year, with the most recent instance on September 18, where the net buy was 18.4697 million CNY [2]. Group 3: Financial Performance - For the period from January to September 2025, Rongsheng Development reported a revenue of 20.389 billion CNY, a year-on-year decrease of 29.31%, and a net profit attributable to shareholders of -3.098 billion CNY, a decrease of 117.44% [2]. - The company has not distributed any dividends in the last three years, with a total payout of 11.837 billion CNY since its A-share listing [3]. Group 4: Shareholder Information - As of September 30, 2025, the number of shareholders increased by 12.64% to 144,600, with an average of 27,046 shares held per shareholder, a decrease of 11.22% [2]. - The fourth largest circulating shareholder is Hong Kong Central Clearing Limited, holding 56.5081 million shares, an increase of 28.0768 million shares from the previous period [3].

Core Insights - The average stock price in the A-share market is 13.80 yuan, with 26 stocks priced below 2 yuan, the lowest being *ST Gao Hong at 0.38 yuan [1][2] - Among the low-priced stocks, 10 are ST stocks, accounting for 38.46% of the total [1] - The Shanghai Composite Index closed at 3960.19 points as of November 4 [1] Low-Priced Stocks Overview - The lowest priced stock is *ST Gao Hong at 0.38 yuan, followed by *ST Yuan Cheng at 0.70 yuan and *ST Su Wu at 1.02 yuan [1] - In terms of daily performance, *ST Hui Feng, *ST Su Wu, and Rongsheng Development saw increases of 4.85%, 3.03%, and 1.22% respectively, while *ST Yuan Cheng, ST Lingnan, and Chongqing Steel experienced declines of 5.41%, 3.02%, and 1.30% respectively [1] Detailed Low-Priced Stocks Table - The table lists various low-priced stocks along with their latest closing prices, daily change percentages, turnover rates, price-to-book ratios, and industries [1][2] - Notable stocks include *ST Hui Feng with a daily increase of 4.85% and *ST Yuan Cheng with a decline of 5.41% [1]

Core Insights - The performance of A-share listed real estate companies in the first three quarters of 2025 shows a significant decline, with 41 out of 77 companies reporting net losses totaling -872.16 billion yuan [2][3][5] - The ongoing losses in the real estate sector since 2022 are attributed to low-profit project settlements and impairment provisions during market adjustments, although there is potential for recovery if the housing market gradually improves [2][9] Financial Performance Overview - A total of 77 A-share listed real estate companies disclosed their Q3 reports, with a combined revenue of 973.3 billion yuan [2][3] - 41 companies reported net losses, accounting for over 50% of the total, with the overall net loss for the sector reaching -674.89 billion yuan [5][9] Major Losses - Vanke reported a net loss of 28.02 billion yuan in the first three quarters, with a revenue of 161.39 billion yuan, primarily due to declining settlement scales and low gross margins [3][4] - *ST Jinke experienced a significant loss of 10.78 billion yuan, with total revenue dropping by 73.57% to 5.699 billion yuan [3][4] - Huaxia Happiness reported a net loss of 9.829 billion yuan, with revenue down 72.09% to 3.882 billion yuan [4] Other Notable Losses - Greenland Holdings and Xinda Real Estate reported losses exceeding 5 billion yuan, with Greenland's revenue down 20.16% to 127.697 billion yuan [4][5] - Jin Di Group and Huashang City A reported losses around 4 billion yuan, with Jin Di's revenue down 41.48% to 23.994 billion yuan [5] Companies with Positive Performance - Only 36 companies reported positive net profits, with notable performers including China Communications Real Estate, which achieved a net profit of 4.827 billion yuan after restructuring [6][8] - Other profitable companies include China Merchants Shekou, Nanjing High-Tech, and Binjiang Group, with net profits of 2.497 billion yuan, 2.438 billion yuan, and 2.395 billion yuan respectively [8] Market Outlook - The real estate sector has faced continuous losses since 2022, with challenges including low-profit project settlements and increased interest expenses [9] - Despite the ongoing difficulties, there are signs of potential recovery in core cities, with companies focusing on higher-margin projects to improve their financial performance [9]

Group 1 - The average stock price of A-shares is 13.84 yuan, with 26 stocks priced below 2 yuan, the lowest being *ST Gao Hong at 0.38 yuan [1] - Among the low-priced stocks, 9 are ST stocks, accounting for 34.62% of the total [1] - The Shanghai Composite Index closed at 3954.79 points as of October 31 [1] Group 2 - Among the low-priced stocks, 11 increased in price today, with Jin Zheng Da, Rong Sheng Development, and Ya Bo Shares leading with increases of 2.79%, 2.55%, and 2.31% respectively [1] - Conversely, 9 stocks decreased, with *ST Yuan Cheng, Liao Gang Shares, and Shan Ying International showing declines of 4.88%, 4.47%, and 2.21% respectively [1] - The table lists various low-priced stocks along with their latest closing prices, daily price changes, turnover rates, and industry classifications [1][2]

Core Viewpoint - Rongsheng Development (002146.SZ) reported a significant decline in revenue and incurred substantial net losses in the first three quarters of 2025 [1] Financial Performance - The company's operating revenue for the first three quarters was 20.389 billion yuan, representing a year-on-year decrease of 29.31% [1] - The net loss attributable to shareholders of the listed company was 3.098 billion yuan [1] - The net loss attributable to shareholders, excluding non-recurring gains and losses, was 3.173 billion yuan [1] - The basic loss per share was 0.71 yuan [1]