证券代码：002713 证券简称：*ST东易 公告编号：2025-087 东易日盛家居装饰集团股份有限公司 关于公司重整债权申报通知及召开债权人会议的公告 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、误导性陈述或者重 大遗漏。 重要提示： 1、2025 年 11 月 19 日，东易日盛家居装饰集团股份有限公司（以下简称"公司" 或"东易日盛"）收到北京市第一中级人民法院（以下简称"北京一中院"）送达的（2024） 京 01 破申 1179 号《民事裁定书》及（2025）京 01 破 501 号《决定书》，裁定受理公 司债权人北京鹏元兴达商贸有限公司对公司的重整申请，并指定北京大成律师事务所担 任公司重整期间的管理人。具体详见公司于同日披露的《关于法院裁定受理公司重整及 指定管理人暨公司股票被叠加实施退市风险警示的公告》。 2、公司债权人应在 2025 年 12 月 19 日前向管理人申报债权，书面说明债权数额、 有无财产担保及是否属于连带债权，并提供相关证据材料。预重整期间已向临时管理人 申报债权的债权人，相关债权申报继续有效，无需重复申报。 3、第一次债权人会议定于 2025 年 12 ...

Core Viewpoint - *ST Dongyi (Dongyi Risheng) has experienced a significant stock price surge, with a cumulative increase of 255.85% since September 26, attributed to its pre-restructuring progress and investment agreements [2][4][8]. Group 1: Stock Performance - The stock price of *ST Dongyi reached 18.54 CNY per share after resuming trading on November 19, marking its 24th trading limit up in 30 trading days [2]. - The company has seen a stock price increase of over 200% since the announcement of its restructuring investor selection on September 26 [4]. Group 2: Restructuring Progress - On September 26, *ST Dongyi announced it had signed agreements with multiple restructuring investors and received a total of 1.412 billion CNY in investment funds and performance bonds [2][6]. - The pre-restructuring plan includes a share conversion plan of "10 to 12.677505 shares" at a price of 4 CNY per share for financial investors [2]. Group 3: Risks and Challenges - The company faces a tight timeline, needing to receive court approval for its restructuring by the end of December 2023, or it risks being delisted [4][5]. - Even with court approval, there remains a risk of bankruptcy and liquidation if the restructuring fails [5]. Group 4: Business Transformation - The restructuring plan aims to pivot the company's business towards "AI home decoration + computing power" as its dual main business direction, with backing from Beijing Huazhu Technology Co., Ltd. [7]. - The restructuring involves a commitment from Huazhu Technology to inject its stake in the Yunzhuzhizuan operation entity into *ST Dongyi within a year after court approval [7]. Group 5: Debt Management - The pre-restructuring plan stipulates that ordinary debts of up to 80,000 CNY will be fully paid in cash, while amounts exceeding this will be converted into equity at a price of 14.97 CNY per share [8].

Core Viewpoint - *ST Dongyi (Dongyi Risheng) has experienced a significant stock price surge, with a cumulative increase of 255.85% since September 26, attributed to its restructuring progress and investment agreements [1][3][4]. Group 1: Stock Performance - On November 19, *ST Dongyi's stock opened at 18.54 CNY per share, marking its 24th trading limit up in 30 trading days [1]. - The stock price has risen over 200% since the announcement of the selection of restructuring investors on September 26 [4]. Group 2: Restructuring Progress - The company has signed agreements with multiple restructuring investors and received a total of 1.412 billion CNY in investment and performance guarantees [2][7]. - The restructuring plan includes a share conversion plan of "10 to 12.677505 shares" at a price of 4 CNY per share for financial investors [2][8]. Group 3: Risks and Challenges - The company faces a tight timeline, needing to receive court approval for its restructuring by the end of December 2023, or it risks being delisted [3][5]. - Even with court approval, there remains a risk of bankruptcy if the restructuring fails [5][8]. Group 4: Future Business Direction - The restructuring aims to pivot the company's business towards "AI home decoration + computing power" with the involvement of Beijing Huazhu Technology Co., Ltd. as a key investor [7]. - The restructuring plan includes provisions for debt-to-equity swaps for creditors, with a conversion price set at 14.97 CNY per share [8].

Core Points - After a three-day trading suspension for verification, Dongyi Risheng Home Decoration Group Co., Ltd. (*ST Dongyi) resumed trading on November 19, achieving a limit-up and marking 24 limit-ups in 29 trading days, with the stock price rising from 5.17 CNY per share on September 26 to 18.54 CNY per share, an increase of 258.61% [1] - The stock price increased by 241.59% from the announcement of the restructuring investor selection results on September 26 to November 13 [2] Company Overview - *ST Dongyi is the first listed company in the home decoration sector in A-shares, known as the "first stock in home decoration," but has faced operational difficulties in recent years [5] - In October 2024, the Beijing First Intermediate People's Court decided to initiate pre-restructuring for the company [5] - The company selected Beijing Huazhu Technology Co., Ltd. as the industrial investor, signing a restructuring investment agreement in March, with a total investment of 345 million CNY for a 15.77% stake at a price of 2.30 CNY per share [5] - Financial investors, including Yunnan International Trust Co., Ltd. and others, will invest a total of 1.067 billion CNY for a total holding of 28.0499%, with shares priced at 4 CNY each [5] Future Plans - After the restructuring is completed, *ST Dongyi will continue to focus on its core home decoration business and upgrade its digital home decoration services [6] - The industrial investor will provide additional resources to help *ST Dongyi expand its integrated service business and operational services in the computing power center [6] Financial Performance - The company is currently in a loss-making state, with a revenue of 1.296 billion CNY and a net profit attributable to shareholders of -1.171 billion CNY for 2024 [6] - For the period from January to September 2025, the company reported a revenue of 540 million CNY and a net profit of -58.26 million CNY [6]

Group 1 - Five stocks including Huiyuan Communication, *ST Dongyi, and Hailianxun resumed trading on November 19 [1]

Group 1: International Relations - China's Foreign Ministry spokesperson Mao Ning emphasized the country's unwavering stance on core interests and international justice in response to Japanese Prime Minister's remarks on Taiwan, indicating a potential decline in China-Japan relations [1] - The Ministry of Commerce criticized the U.S. for modifying patent invalidation rules, claiming it discriminates against Chinese enterprises and violates international obligations [2] Group 2: Financial Sector Developments - The Financial Regulatory Administration held a meeting to promote a market-oriented, legal, and international business environment, aiming to support the Hainan Free Trade Port as a key gateway for China's new era of opening up [3] Group 3: Technology and AI Sector - Xiaomi Group reported Q3 revenue of 113.12 billion RMB, a 22.3% year-on-year increase, with adjusted net profit reaching a record high of 11.3 billion RMB, up 80.9% [7] - Baidu's Q3 earnings showed total revenue of 31.2 billion RMB, with core revenue at 24.7 billion RMB, and AI business revenue growing over 50% [8] - Pinduoduo's Q3 revenue was 108.28 billion RMB, a 9% year-on-year increase, with adjusted net profit of 31.38 billion RMB, up 14% [8] - Xiaomi's president noted that the current rise in memory prices is driven by increased demand for HBM due to AI [5] Group 4: Mergers and Acquisitions - Saiwei Electronics announced plans to acquire a stake in Chip East, focusing on the lithography machine sector [9] - Aik Shares is planning to acquire Dongguan Silicon Holdings, with stock suspension in effect [9] - Tianyi Ma intends to purchase 98.56% of Xingyun Kaiwu for 1.189 billion RMB [9] - Shengbang Shares plans to acquire 60% of Wuxi Wokeke, which is expected to constitute a major asset restructuring [9] Group 5: Stock Market Updates - *ST Dongyi announced the end of stock suspension and resumption of trading [10] - Huayuan Communication reported that Dingyun Industry will become the controlling shareholder, with stock resuming trading [10] - *ST Zhengping announced a stock suspension for the third time in two months for verification [11] Group 6: Investment and Financial Products - Zhongwen Media announced plans to use 9.5 billion RMB of idle funds to purchase financial products [12] - Shengxin Lithium Energy plans to sign a framework agreement with Huayou Holding Group for the supply of 221,400 tons of lithium salt from 2026 to 2030 [12] - Xiamen Tungsten New Energy intends to invest 1.525 billion RMB to establish a wholly-owned subsidiary for a project producing 50,000 tons of high-performance low-cobalt battery materials [12] Group 7: Legal and Regulatory News - A U.S. federal judge ruled in favor of Meta in an antitrust lawsuit, allowing Instagram and WhatsApp to remain integrated [16] - The U.S. Congress passed a bill requiring the Department of Justice to release all documents related to the Epstein case [18]

Industry News - The Ministry of Industry and Information Technology issued the "Guidelines for the Construction of High-Standard Digital Parks," aiming to establish around 200 high-standard digital parks by 2027, with a target of achieving 100% coverage of dual-gigabit networks and effective deployment of computing power infrastructure [4] Company News - Chinese Media announced plans to use idle funds of 9.5 billion yuan to purchase financial products [7] - Xiaomi Group reported third-quarter revenue of 113.12 billion yuan, a year-on-year increase of 22.3%, with adjusted net profit reaching a record high of 11.3 billion yuan, up 80.9% year-on-year. The company aims to meet its annual delivery target of 350,000 units for Xiaomi cars this week [7] - Pinduoduo reported third-quarter revenue of 108.28 billion yuan, with adjusted earnings per ADS of 21.08 yuan [9] - Baidu's third-quarter financial report showed total revenue of 31.2 billion yuan, with core revenue of 24.7 billion yuan. The company disclosed AI business revenue for the first time, showing a year-on-year growth of over 50% [9] - Jingmei Technology announced a cooperation framework agreement with CATL for the joint design and development of "lithium battery composite busbars" [9] - Ever Creative, the second-largest shareholder of Yaxiang Integration, reduced its holdings by 130,000 shares as of November 18 [10]

Core Viewpoint - *ST Dongyi announced its resumption of trading on November 19, following a stock price increase of over 200% since September 26, but highlighted significant risks related to its restructuring process and potential delisting by December 31, 2025 [2][3][4] Group 1: Restructuring Process - The company has not yet received the court's acceptance document for its restructuring, which is critical for proceeding with the plan [3][4] - The court must establish a deadline for creditors to declare their claims, which cannot be less than 30 days from the announcement of the acceptance of the bankruptcy application, indicating a tight timeline [3][4] - If the company fails to complete the restructuring plan by December 31, 2025, it risks being delisted [2][3] Group 2: Investment and Business Transformation - The surge in stock price is attributed to the involvement of restructuring investor Beijing Huazhu Technology Co., which plans to pivot the company towards "AI home decoration + computing power" as dual main businesses [5][6] - Huazhu Technology, controlled by Zhang Jianhua, is a comprehensive service provider for data centers and aims to transfer its business operations to *ST Dongyi post-restructuring [6][7] - The restructuring plan includes a commitment from Huazhu Technology to donate its stake in the Yunzhuzhizuan operation entity to *ST Dongyi within a year after the court's approval of the restructuring plan [6][7] Group 3: Financial Aspects - The company has received a total of 1.412 billion yuan in restructuring investment funds [7] - The restructuring plan stipulates that ordinary debts of up to 80,000 yuan will be fully repaid in cash, while amounts exceeding this will be converted into equity at a conversion price of 14.97 yuan per share [6][7]

Core Points - Two companies, Huiyuan Communication and Hualan Group, are undergoing changes in control and will resume trading on November 19, 2025 [2][3] - Aik Shares is planning to issue shares to acquire assets and will be suspended from trading starting November 19, 2025 [5] - ST Zhengping's stock has seen a significant increase of 221.93% from September 1 to November 18, 2025, leading to a suspension for verification [6] - Tianyima plans to acquire 98.5632% of Xingyun Kaiwu for 1.1885 billion yuan and will issue shares to raise up to 155 million yuan [9] Group 1: Control Changes - Huiyuan Communication plans to issue up to 53.65 million shares at 11.37 yuan per share, raising a total of up to 610 million yuan, with the proceeds used for working capital [2] - Hualan Group's actual controllers will transfer a total of 851.13 million shares (5.79% of total shares) to Xutong Investment at a price of 20.41 yuan per share, totaling 174 million yuan [3] Group 2: Suspensions and Resumptions - Aik Shares will be suspended from trading as it plans to issue shares and cash to acquire Dongguan Silicon Xiang Insulation Materials Co., Ltd. [5] - ST Zhengping's stock will be suspended for verification due to its stock price significantly deviating from fundamentals [6] - ST Dongyi has completed its verification work and will resume trading on November 19, 2025 [11] Group 3: Major Asset Restructuring - Tianyima is planning a major asset restructuring by acquiring a majority stake in Xingyun Kaiwu for 1.1885 billion yuan [9] - Meng Tian Home has terminated its asset restructuring and control change plans, leading to its resumption of trading [9] Group 4: Fundraising Activities - Jin An Guo Ji plans to raise up to 1.29995 billion yuan through a private placement for a high-grade copper-clad laminate project [9] - Wan Tong Technology is also planning a private placement to raise up to 920 million yuan for working capital [9]

Core Viewpoint - *ST Dongyi's stock will resume trading on November 19 after a significant price increase driven by restructuring expectations and the potential injection of computing assets [2][3][6] Group 1: Stock Performance and Trading Resumption - Since the announcement of restructuring investor selection on September 26, 2025, *ST Dongyi's stock has hit the daily limit up 23 times in 28 trading days, with a cumulative increase of 241.59% [2] - The company has issued nine announcements regarding abnormal stock price fluctuations and was suspended for trading on November 14, 2025, for verification [2][6] - The stock's current price is significantly higher than the entry prices for industrial and financial investors, raising concerns about potential price adjustments [15] Group 2: Financial Condition and Risks - As of September 30, 2025, *ST Dongyi reported a net asset value of -1.165 billion yuan, triggering a "delisting risk warning" due to negative net assets for three consecutive years [6] - The company experienced a 52.02% year-on-year decline in revenue for the first nine months of 2025, with a net loss of 58.26 million yuan [6] - The company faces a deadline of December 31, 2025, to complete its restructuring; failure to do so may lead to delisting [3][6] Group 3: Restructuring and Asset Injection - The anticipated donation of the Helinger Intelligent Computing Center by Huazhu Technology is central to *ST Dongyi's narrative of transformation, but there are concerns about the asset's inflated valuation [8][10] - The project, which began construction on July 17, 2024, has not yet generated revenue and is subject to significant financial and operational risks [10][14] - The total investment for the project is 2.7 billion yuan, but Huazhu Technology's financial condition raises questions about its ability to fulfill the donation commitment [10][14] Group 4: Market Competition and Future Outlook - The Helinger area is becoming increasingly competitive, with major companies like Volcano Engine and Huawei Cloud establishing computing centers, which may impact the profitability of *ST Dongyi's new asset [14] - The potential for future funding shortfalls or operational losses could shift risks onto *ST Dongyi and its minority shareholders, while Huazhu Technology may benefit from stock price appreciation through speculative trading [14]