华夏幸福基业股份有限公司股票交易异常波动的公告

Core Viewpoint - The stock of China Fortune Land Development Co., Ltd. (华夏幸福) experienced abnormal trading fluctuations, with a cumulative closing price increase of 20% over two consecutive trading days. The company reported significant declines in revenue and net profit, indicating operational and debt risks [2][4][14]. Group 1: Stock Trading Abnormalities - The company's stock price increased by a cumulative 20% on November 13 and 14, 2025, which is classified as abnormal trading behavior according to Shanghai Stock Exchange regulations [2][4]. - Investors are advised to be cautious of market trading risks due to the significant short-term price fluctuations [3][4]. Group 2: Financial Performance - For the first three quarters of 2025, the company reported revenue of approximately 3.88 billion yuan, a year-on-year decrease of 72.09%, and a net profit attributable to shareholders of approximately -9.83 billion yuan [2][14]. - As of September 30, 2025, the company's equity attributable to shareholders was approximately -4.74 billion yuan, indicating financial distress [2][14]. Group 3: Major Events and Debt Restructuring - The company is undergoing a pre-restructuring process initiated by creditors due to its inability to repay debts and lack of repayment capacity, with the court accepting the pre-restructuring application [12][19]. - The company has a total of approximately 24.57 billion yuan in unpaid debts as of October 31, 2025, excluding interest [30][35]. - The debt restructuring plan has seen approximately 192.67 billion yuan of financial debt restructured through agreements, including domestic and foreign bonds [30][31]. Group 4: Legal and Regulatory Matters - The company has faced new litigation and arbitration cases amounting to approximately 438 million yuan, which could impact its financial position [30][36]. - The court's acceptance of the pre-restructuring does not guarantee the acceptance of the formal restructuring application, leaving the company's future uncertain [12][22].