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]

*ST中装公告称，公司股票连续3个交易日（2025年11月24 - 26日）收盘价格涨幅偏离值累计超12%，属 异常波动。公司已进入重整程序，股票被实施"退市风险警示"，若重整失败将被终止上市。2024年2月 起，公司股票还被实施其他风险警示。2025年11月22日披露的重整计划草案显示，以960,135,993股为基 数，每10股转增约10.31股，用于引进投资人及偿债，草案尚未通过审议和批准。此外，重整投资协议 及补充协议存在履约风险。 ...

| 证券代码：002822 | 证券简称：*ST 中装 | 公告编号：2025-146 | | --- | --- | --- | | 债券代码：127033 | 债券简称：中装转2 | | 深圳市中装建设集团股份有限公司 股票交易异常波动暨风险提示公告 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。 重大风险提示： 1、公司股价异常波动 4、重整投资协议及补充协议的履约风险 2025年3月7日，公司披露了《关于与重整投资人签署<重整投资协议>的公 告》（公告编号：2025-022），中装建设与上海恒涔企业管理咨询有限公司（以 下简称"恒涔公司"）及上海康恒环境股份有限公司（以下简称"康恒环境"）签署 了《重整投资协议》。根据中国证券监督管理委员会发布的《上市公司监管指引 第11号——上市公司破产重整相关事项（征求意见稿）》第八条"重整计划草案 涉及引入重整投资人的，应当明确重整投资人相关信息及其获得的股份数量和价 格，合理确定重整投资人投入资金的用途。重整投资人获得股份的价格，不得低 于市场参考价的百分之五十。市场参考价为重整投资协议签订日前二十、六十或 者一百 ...

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]

东兴证券股份有限公司 关于召开"中装转2"2025年第二次债券持有人会议的通知 特别提示: 1、根据《深圳市中装建设集团股份有限公司公开发行可转换公司债券募集说明书》 （以下简称《可转债募集说明书》）及《深圳市中装建设集团股份有限公司可转换公司 债券持有人会议规则》（以下简称《可转换公司债券持有人会议规则》）的规定，债券 持有人会议作出的决议,须经出席（包括现场及非现场方式）会议且持有有表决权的、 未偿还债券面值总额二分之一以上债券持有人(或债券持有人代理人)同意,方为有效。 2、债券持有人会议决议经表决通过后生效,但其中须经中国证监会或其他有权机构 批准的,自批准之日起生效。依照有关法律法规、《可转债募集说明书》及《可转换公 司债券持有人会议规则》的规定,债券持有人会议审议通过的决议,对全体债券持有人 (包括所有出席会议、未出席会议、出席会议但明示表达不同意见、反对决议或放弃投 票权的债券持有人、持有无表决权的本次可转债之债券持有人或持有的表决权在审议某 事项时受到限制的债券持有人,以及在相关决议通过后受让本次可转债的持有人,下同) 均有同等效力和约束力。 3、本次拟审议事项为《关于审议<深圳市中装建设集团 ...

Group 1 - The core viewpoint of the article highlights significant developments in various companies, including advancements in technology and strategic corporate actions [1][2][4][6]. Group 2 - Shanshi Network Technology has successfully developed an ASIC security chip that meets performance specifications, with expectations for large-scale delivery by 2026 [1]. - JinkoSolar has officially launched mass production of its Tiger Neo3.0 module [1]. - Weihai Guangtai's controlling shareholder plans to reduce their stake by no more than 2% [1]. - Kaizhong Co. is planning to acquire control of Anhui Tuosheng Auto Parts Company, leading to a stock suspension [1]. - The final trading day for Fenghuo convertible bonds is set for November 26, 2025 [1]. - ST Zhongzhuang has released a draft of its restructuring plan [1]. - The convertible bonds for Jiete, Zhengfan, and Guowei will not undergo adjustments [1]. - Zhuomai convertible bonds have been listed [1]. - New shares from Moer Thread are available for subscription on the Shanghai and Shenzhen stock exchanges [1]. Group 3 - A table of convertible bonds is provided, detailing their current prices, redemption prices, last trading dates, and conversion values, indicating various financial metrics for investors [4][6].

Core Viewpoint - *ST Zhongzhuang (002822.SZ) has announced a restructuring plan that involves a significant capital increase through the conversion of capital reserves into shares, aimed at addressing its financial difficulties and enhancing liquidity [1] Summary by Sections Restructuring Plan - The company plans to implement a capital reserve conversion to increase its share capital based on a total share capital of 960,135,993 shares as of September 19, 2025, excluding 942,200 treasury shares [1] - The conversion ratio is approximately 10.31 shares for every 10 shares held, resulting in a total increase of 989,864,007 shares [1] - Post-conversion, the total share capital will rise to 1,950,000,000 shares, excluding the treasury shares, with the final number subject to confirmation by the Shenzhen branch of the China Securities Depository and Clearing Corporation [1] Allocation of New Shares - Out of the newly issued shares, 739,864,007 shares will be allocated to introduce restructuring investors, with the cash received from these investors to be used for debt repayment and other bankruptcy-related expenses, as well as to supplement the company's working capital post-restructuring [1] - Additionally, 250,000,000 shares will be utilized for the repayment of the company's debts [1]

Group 1 - The company *ST Zhongzhuang (002822.SZ) announced a restructuring plan, which includes a capital increase based on a total share capital of 960,135,993 shares as of September 19, 2025, excluding 942,200 treasury shares [1] - The capital increase will be implemented at a ratio of approximately 10.31 shares for every 10 shares held, resulting in a total increase of 989,864,007 shares [1] - After the capital increase, the total share capital of Zhongzhuang will rise to 1,950,000,000 shares, excluding 942,200 treasury shares, with the final number of shares subject to confirmation by the Shenzhen branch of the China Securities Depository and Clearing Corporation [1] Group 2 - Of the newly increased shares, 739,864,007 shares will be used to introduce restructuring investors, with the cash consideration paid by these investors allocated for debt repayment and bankruptcy expenses, as well as to supplement the company's working capital post-restructuring [1] - Additionally, 250,000,000 shares will be allocated for the repayment of Zhongzhuang's debts [1]

深圳市中装建设集团股份有限公司 重整计划（草案） 二〇二五年十一月 | | | 释 义 除非本重整计划草案中另有明确所指，下列名词的含义为： "《破产法》" 指 自 2007 年 6 月 1 日起施行的《中华人民共 和国企业破产法》 " 《 破 产 法 司 法 解 释 三》" 指 《最高人民法院关于适用〈中华人民共和 国企业破产法〉若干问题的规定（三）》 " 法 院 " 或 " 深 圳 中 院" 指 深圳市中级人民法院 " 中 装 建 设 " 或 " 公 司 " 或 " 债 务 人 " 或 "上市公司" 指 深圳市中装建设集团股份有限公司 "债权人" 指 符合《破产法》第四十四条规定的，中装 建设的某个、部分或全体债权人 "预重整管理人" 指 由深圳中院依法指定的中装建设预重整管 理人 "管理人" 指 由深圳中院依法指定的中装建设破产管理 人 "出资人"或"股东" 指 截至股权登记日在中登深圳分公司登记在 册的中装建设股东 "上海恒涔" 指 上海恒涔企业管理咨询有限公司 "康恒环境" 指 上海康恒环境股份有限公司 "中信信托"或"受托 人" 指 中信信托有限责任公司 "产业投资人" 指 上海恒涔和康恒环境 " ...

| 证券代码：002822 | 证券简称：*ST | 中装 | 公告编号：2025-145 | | --- | --- | --- | --- | | 债券代码：127033 | 债券简称：中装转2 | | | 深圳市中装建设集团股份有限公司 关于召开出资人组会议的通知 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。 特别提示： 1、出资人组会议召开时间：2025年12月16日（星期二）下午14:00 2、出资人组会议采用的网络投票系统：深圳证券交易所股东大会网络投票 系统 3、表决议案：《深圳市中装建设集团股份有限公司重整计划（草案）之出 资人权益调整方案》 深圳市中装建设集团股份有限公司（以下简称"中装建设"或"公司"）分 别于2025年8月20日和2025年8月21日披露了《关于法院裁定受理公司重整暨公司 股票交易将被实施退市风险警示的公告》（公告编号：2025-091）和《关于收到 法院决定书及指定重整管理人的公告》（公告编号：2025-097），深圳市中级人 民法院（以下简称"深圳中院"）裁定受理东莞市铭尚贸易有限公司（以下简称 "东莞铭尚"）对公司的重 ...