Core Viewpoint - Shenzhen Ruihe Decoration Co., Ltd. is expected to report a negative net asset value by the end of 2025, which may lead to a delisting risk warning for its stock if confirmed in the audited financial statements [2][10][11]. Group 1: Performance Forecast - The performance forecast period is from January 1, 2025, to December 31, 2025 [3]. - The company anticipates a negative net profit and a negative net asset value by the end of 2025 [4]. Group 2: Reasons for Performance Changes - The primary reasons for the performance decline include a decrease in revenue from the decoration business due to multiple factors such as the downturn in the real estate industry, shrinking market demand, and intensified competition [5]. - The company is currently in a pre-restructuring bankruptcy phase, which has limited its ability to raise funds and weakened its brand reputation and market confidence, further constraining new business development and project acquisition [5]. Group 3: Risk Warning - If the audited financial statements confirm a negative net asset value for 2025, the company's stock will receive a delisting risk warning, indicated by the "*ST" prefix [10][11]. - The company has communicated with its auditing firm regarding the performance forecast, and there are no disagreements on this matter [4].

Group 1 - The company ST Ruihe expects a net profit attributable to shareholders of the listed company to be between -125 million yuan and -65 million yuan for 2025, with basic earnings per share ranging from -0.33 yuan to -0.17 yuan [1] - In the same period last year, the net profit attributable to shareholders was -185.86 million yuan, with basic earnings per share at -0.49 yuan [1] - The decline in the company's main decoration business revenue is attributed to multiple factors, including the downturn in the real estate industry, shrinking market demand, and intensified industry competition [1] Group 2 - The company is currently in a pre-restructuring bankruptcy phase, which has limited its ability to raise funds and weakened brand reputation and market confidence [1] - These challenges have constrained the company's ability to expand new business, undertake major projects, and collaborate with clients, leading to a decrease in order volume and revenue scale [1] - The cumulative effect of these factors has resulted in a further contraction of the company's decoration business, ultimately leading to negative net assets [1]

深圳瑞和建筑装饰股份有限公司 证券简称：ST 瑞和 证券代码：002620 公告编号：2026-005 2025 年第四季度装修装饰业务主要经营情况简报 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 根据《深圳证券交易所股票上市规则》、《深圳证券交易所上市公司自律监 管指引第 3 号——行业信息披露》等相关规定，深圳瑞和建筑装饰股份有限公司 （以下简称"公司"）现将 2025 年第四季度装修装饰业务主要经营情况公告如 下： 单位：万元 深圳瑞和建筑装饰股份有限公司 董事会 二○二六年一月二十九日 | 业务 | 2025 年第四季度 | 截至 2025 年 12 月 31 日累 | 2025 年第四季度已中 | | --- | --- | --- | --- | | 类型 | 新签订单金额 | 计已签约未完工的合同金 额（不含已完工部分）注 | 标尚未签约订单金额 | | 公共 | 20.00 | 22,804.37 | 0.00 | | 装修 | | | | | 住宅 | 0.00 | 90,591.14 | 0.00 | | 装修 | | | | | 其他 | ...

Core Viewpoint - The company expects a significant improvement in net profit for 2025 compared to the previous year, but still anticipates a loss, indicating ongoing challenges in the decorative industry due to external factors like the real estate downturn and bankruptcy pre-restructuring [1] Financial Performance - The projected net profit attributable to shareholders for 2025 is expected to be between -125 million yuan and -65 million yuan, compared to -186 million yuan in the same period last year [1] - The non-recurring net profit is forecasted to be between -149 million yuan and -88.7751 million yuan, an improvement from -255 million yuan year-on-year [1] - The basic earnings per share are estimated to be between -0.33 yuan and -0.17 yuan [1] Equity Position - The expected equity attributable to the parent company at the end of 2025 is projected to be between -82 million yuan and -42 million yuan, a decline from 40.6239 million yuan at the end of the previous year [1] Industry Challenges - The primary reason for the performance changes is the decline in revenue from the decorative main business, influenced by the downturn in the real estate market and the impact of bankruptcy pre-restructuring [1] - If the audited net assets are negative by the end of 2025, the company's stock will be subject to delisting risk warnings [1]

Financial Performance - The company expects a net profit of approximately -12,500 million CNY for the fiscal year 2025, compared to -6,500 million CNY in the previous year[6] - The net asset value is projected to be -8,200 million CNY at the end of 2025, down from 4,062.39 million CNY at the end of the previous year[6] - The basic earnings per share are expected to be -0.33 CNY, compared to -0.17 CNY in the previous year[6] Market Conditions - The decline in revenue is attributed to a downturn in the real estate industry, shrinking market demand, and intensified competition, leading to reduced order volume and income[8] - The company is currently in a pre-restructuring bankruptcy phase, which has limited its ability to raise funds and weakened brand reputation and market confidence[8] Audit and Compliance - The company has communicated with its auditing firm regarding the performance forecast, and there are no discrepancies in this regard[7] - If the audited net asset value remains negative, the company's stock will be subject to delisting risk warnings as per the Shenzhen Stock Exchange regulations[9] - The financial data provided is preliminary and will be detailed in the company's 2025 annual report[9] Investor Advisory - The company urges investors to be cautious and aware of investment risks due to the current financial situation[9] - The performance forecast period is from January 1, 2025, to December 31, 2025[4]

证券简称：ST 瑞和 证券代码：002620 公告编号：2026-004 深圳瑞和建筑装饰股份有限公司 特别风险提示：经深圳瑞和建筑装饰股份有限公司（以下简称"公司"或"瑞 和股份"）财务部门初步测算，预计公司 2025 年度期末净资产为负值。如公司 2025 年度经审计的期末净资产为负值，根据《深圳证券交易所股票上市规则第 9.3.1 条第一款第二项之规定，公司股票交易将在 2025 年年度报告披露后被实 施退市风险警示（股票简称前冠以"*ST"字样）。敬请广大投资者注意投资风 险。 一、公司股票交易可能被实施退市风险警示的原因 公司于 2026 年 1 月 30 日在巨潮资讯网（www.cninfo.com.cn）披露了《2025 年度业绩预告》，预计公司 2025 年末归属于上市公司股东的净资产为-8,200 万 元至-4,200 万元。根据《深圳证券交易所股票上市规则》9.3.1 条第一款第二项 的规定，上市公司出现"最近一个会计年度经审计的期末净资产为负值"的情形， 公司股票交易将在 2025 年年度报告披露后被实施退市风险警示（在股票简称前 冠以*ST 字样）。 根据《深圳证券交易所股票上市规则》 ...

Market Overview - The decoration and renovation sector increased by 0.3% compared to the previous trading day, with ST Mingjiahui leading the gains [1] - The Shanghai Composite Index closed at 4139.9, up by 0.18%, while the Shenzhen Component Index closed at 14329.91, up by 0.09% [1] Top Gainers in the Sector - ST Mingjiahui (300506) closed at 5.20, rising by 8.33% with a trading volume of 306,400 shares and a transaction value of 154 million yuan [1] - ST Keli Da (603828) closed at 7.75, up by 5.01%, with a trading volume of 109,500 shares and a transaction value of 83.82 million yuan [1] - ST Ruihe (002620) closed at 6.70, increasing by 4.04%, with a trading volume of 98,600 shares and a transaction value of 64.95 million yuan [1] Top Losers in the Sector - Quanzhu Co. (603030) closed at 3.01, down by 3.22%, with a trading volume of 454,200 shares and a transaction value of 137 million yuan [2] - Zhengzhong Design (002811) closed at 15.77, decreasing by 2.47%, with a trading volume of 73,700 shares and a transaction value of 116 million yuan [2] - Zhongtian Jingzhuang (002989) closed at 30.93, down by 1.31%, with a trading volume of 36,400 shares and a transaction value of 111 million yuan [2] Capital Flow Analysis - The decoration and renovation sector experienced a net outflow of 112 million yuan from institutional investors, while retail investors saw a net inflow of 167 million yuan [2] - The main capital inflow was observed in ST Mingjiahui, with a net inflow of 19.87 million yuan, while it faced a net outflow of 8.90 million yuan from retail investors [3] - ST Keli Da had a net inflow of 5.38 million yuan from main capital, while retail investors experienced a net outflow of 6.14 million yuan [3]

证券简称：ST 瑞和 证券代码：002620 公告编号：2026-002 深圳瑞和建筑装饰股份有限公司 四、累计诉讼、仲裁案件情况说明 关于累计诉讼、仲裁情况的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 深圳瑞和建筑装饰股份有限公司（以下简称"公司"）根据《深圳证券交易 所股票上市规则》有关规定，对公司及控股子公司连续十二个月累计涉及诉讼、 仲裁事项进行了统计，现将有关统计情况公告如下： 一、累计诉讼、仲裁事项的基本情况 根据《深圳证券交易所股票上市规则》有关规定：上市公司连续十二个月内 发生的诉讼、仲裁事项应当采取累计计算的原则，截至目前，除历次已专项、累 计披露过的诉讼/仲裁案件外，公司及控股子公司连续十二个月内累计诉讼、仲 裁事项涉案件共计 6 件，涉案金额合计约为人民币 1,090.05 万元（其中 2026 年 1 月 26 日星期一当日统计归档 1 个案件材料，金额为 839.02 万元），超过公司 最近一期经审计净资产绝对值 10%。 二、是否有其他尚未披露的诉讼、仲裁事项 公司及控股子公司不存在其他应披露而未披露的诉讼、仲裁事项。 三、本次 ...

Group 1 - The decoration and renovation sector saw an increase of 0.65% on January 21, with ST Mingjiahui leading the gains [1] - The Shanghai Composite Index closed at 4116.94, up 0.08%, while the Shenzhen Component Index closed at 14255.12, up 0.7% [1] - Key stocks in the decoration sector included ST Mingjiahui, which rose by 11.96% to a closing price of 4.68, and De Cai Co., which increased by 9.99% to 43.69 [1] Group 2 - The main funds in the decoration sector experienced a net outflow of 160 million yuan, while retail investors saw a net inflow of 139 million yuan [2] - The trading volume for ST Mingjiahui was 350,600 shares, with a transaction value of 160 million yuan [1] - The stock performance varied, with some stocks like ST Keli Da and Hainan Development showing declines of 4.94% and 2.64% respectively [2] Group 3 - The net inflow of funds for De Cai Co. was 25.33 million yuan, while it faced a net outflow from retail investors of 13.39 million yuan [3] - ST Chuangxing had a significant net inflow from main funds at 12.87 million yuan, but also saw a net outflow from retail investors of 3.75 million yuan [3] - The overall fund flow indicates a mixed sentiment among institutional and retail investors within the sector [3]

证券简称：ST 瑞和 证券代码：002620 公告编号：2026-001 鉴于案件处于尚未开庭审理或尚未出具判决结果或判决结果尚未生效等阶 段，其对公司本期利润或期后利润的影响存在不确定性。公司将依据有关会计准 则的要求和实际情况进行相应的会计处理，并及时按照规则要求履行信息披露义 务。敬请广大投资者注意投资风险。 深圳瑞和建筑装饰股份有限公司 关于累计诉讼、仲裁情况的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 深圳瑞和建筑装饰股份有限公司（以下简称"公司"）根据《深圳证券交易 所股票上市规则》有关规定，对公司及控股子公司连续十二个月累计涉及诉讼、 仲裁事项进行了统计，现将有关统计情况公告如下： 一、累计诉讼、仲裁事项的基本情况 根据《深圳证券交易所股票上市规则》有关规定：上市公司连续十二个月内 发生的诉讼、仲裁事项应当采取累计计算的原则，截至目前，除历次已专项、累 计披露过的诉讼/仲裁案件外，公司及控股子公司连续十二个月内累计诉讼、仲 裁事项涉案件共计 26 件，涉案金额合计约为人民币 1,264.33 万元（其中 2026 年 1 月 16 日星期五当 ...