BCDC(SH:600376) Zhong Guo Ji Jin Bao·2025-09-11 17:01Core Viewpoint - The stock of Shoukai Co., a real estate company, has surged nearly 90% in the past seven trading days, driven by speculation related to its indirect stake in Yushu Technology, despite the company's ongoing financial losses [2][4][6]. Group 1: Stock Performance - Shoukai Co. experienced a stock price increase of 89.77% over the last seven trading days, closing at 5.01 yuan per share on September 11, with a daily increase of 7.05% [2][6]. - The stock reached a total market capitalization of 12.9 billion yuan [2]. - The stock was labeled as a "Yushu concept stock" following news of Yushu Technology's IPO preparations, which contributed to the price surge [6]. Group 2: Financial Performance - Shoukai Co. has reported continuous losses, with net profits of -461 million yuan in 2022, -6.339 billion yuan in 2023, and -8.141 billion yuan in 2024 [8]. - The company reported a revenue of 18.039 billion yuan in the first half of 2025, marking a year-on-year increase of 105.19%, but still recorded a net loss of -1.839 billion yuan [8]. Group 3: Investment and Financing - Shoukai Co.'s subsidiary, Yingxin Company, holds an indirect stake of approximately 0.3% in Yushu Technology, which is considered a low holding [4]. - The company announced plans to issue perpetual bonds to its controlling shareholder, with a total amount not exceeding 3 billion yuan, to replace existing debt and supplement working capital [11]. - As of June 30, the company had 18.571 billion yuan in short-term debt [11]. Group 4: Legal Issues - Shoukai Co. is involved in a legal dispute where its subsidiary is suing Jin Ke Group for a loan repayment of 472 million yuan, with the case currently under review by the Jiangsu Provincial High Court [11].