全国首家！金科股份正式进入重整计划执行环节，业内认为“有望成为大型房企通过司法重整化解风险范例”

Core Viewpoint - Jinke Co., Ltd. has made significant progress in its restructuring process, officially entering the execution phase after receiving court approval for its restructuring plan, marking it as a notable case for large-scale real estate companies seeking to resolve risks through judicial restructuring [1][3]. Group 1: Restructuring Process - Jinke Co. proposed its restructuring plan in May 2023 and officially filed for restructuring in February 2024, with the court accepting the application two months later [3]. - The restructuring involves a total debt scale of 147 billion yuan, with over 8,400 creditors, making it the largest restructuring case in the A-share real estate sector and in the history of Chongqing [5][6]. - The restructuring plan aims to maximize the protection of creditors' legal rights, with priority given to employee and tax claims, while ordinary creditors will be compensated through a combination of cash, equity, and trust benefits [5][6]. Group 2: Investment and Financial Support - A consortium led by Shanghai Pinqi Management Consulting and Beijing Tianjiao Green Garden Real Estate Development was selected as the investor for Jinke Co. and its subsidiary [4]. - The consortium committed to providing at least 750 million yuan in loans to support Jinke's liquidity and new project investments, in addition to the investment funds [5]. - The restructuring has attracted strategic investors, which not only provide financial support but also essential development resources for future operations [6][7]. Group 3: Future Business Strategy - Jinke Co. plans to focus on "efficient operation, lean management, and technological innovation" to enhance profitability, asset value, and liquidity, forming four main business segments: investment management, development services, operational management, and special assets [7][8]. - The company sees significant opportunities in the special asset management sector, particularly in the context of the current market environment, where the stock of non-performing assets is estimated to reach 10 trillion yuan [7]. - The CEO of Pinqi Asset Management indicated that within the next 3 to 5 years, operational management and service-related businesses are expected to account for 60% to 70% of the company's revenue and profit structure [8].