地产巨头，突遭闷棍

Core Viewpoint - Financial Street Holdings Co., Ltd. has announced that its wholly-owned subsidiary, Financial Street Chongqing Real Estate Co., Ltd., has provided financial assistance to its associate company, Chongqing Keshijin Real Estate Co., Ltd., which has now matured and remains unrecovered, leading to a full provision for bad debts [1][5] Group 1: Financial Assistance Details - The financial assistance amounting to 32.676 million yuan has been fully provisioned as bad debt due to the inability of Keshijin Company to repay, resulting from the requirement for the project to be sold as completed units [1][3] - The financial assistance originated from shareholder loans related to the Dadu Kou Group project, with Financial Street holding a 33% stake in Keshijin Company [2][3] - The company had previously provided additional financial assistance of 2.30293 million yuan at an annual interest rate of 10%, which was due on November 17, 2025 [2][3] Group 2: Financial Impact - For the first three quarters of 2025, Financial Street reported a net profit loss of 1.35 billion yuan, with revenue declining over 40% year-on-year [1][5] - Keshijin Company reported total assets of 24.52028 million yuan and total liabilities of 29.57001 million yuan for 2024, indicating a negative net asset position [4] - The company has a total approved financial assistance limit of 7.328 billion yuan, with the total balance of financial assistance provided accounting for 18.84% of the latest audited net assets [5]