每周债市看点 | 宝龙地产附属清盘申请获撤销，泛海控股未能按期偿还有息债务达340.82亿元

Group 1 - Baolong Real Estate announced that the liquidation application for its wholly-owned subsidiary Baolong Real Estate (Viking) has been withdrawn through a consent order, aiming to facilitate the successful implementation of the restructuring support agreement [1] - In November 2025, Baolong Real Estate reported a contract sales amount of approximately RMB 521 million, a year-on-year decrease of 47.2%, and a contract sales area of 57,800 square meters [1] - For the eleven months ending November 30, 2025, the total contract sales amount was approximately RMB 6.666 billion, a year-on-year decrease of 43.2%, with a total sales area of 595,800 square meters [1] Group 2 - CIFI Group announced that as of December 1, 2025, some subsidiaries have overdue debts totaling RMB 1.8982 billion, involving 13 entities [2] - The overdue debts are primarily bank project loans, and the company is negotiating debt extensions and installment repayments [2] - CIFI Group's existing credit bonds have passed restructuring plans through bondholder meetings, and cross-default clauses have been waived [2] Group 3 - Beijing Sander Environmental Engineering announced that the Beijing First Intermediate People's Court has ruled for the substantive consolidation and reorganization of seven companies, including Sander Group and various water service subsidiaries [2] - As of October 31, 2025, Beijing Sander Environmental reported total assets of RMB 10.67 billion, total liabilities of RMB 15.155 billion, and a net asset value of -RMB 4.486 billion [2] Group 4 - Oceanwide Holdings announced that it has failed to repay interest-bearing debts totaling RMB 34.082 billion as of November 30, 2025, including RMB 4.737 billion in domestic bonds and RMB 29.345 billion in other interest-bearing debts [2] - The company attributes its liquidity difficulties to macroeconomic conditions, industry policy adjustments, and operational issues [2] - Oceanwide Holdings is actively communicating with creditors to seek solutions and plans to introduce investors and strategic resources to mitigate debt risks [2] Group 5 - Fujian Fusheng Group was publicly reprimanded by the Shanghai Stock Exchange for failing to disclose its mid-term report by the deadline of August 31, 2024, and for previous similar violations [3] - The then Chairman and General Manager Jin Dingsheng was held primarily responsible for the negligence [3] - The company is facing additional financial disputes and has reported significant execution cases involving amounts totaling RMB 38.50213 million [3] Group 6 - Xi'an High-Tech Group announced that its subsidiary Tiandi Source is involved in three lawsuits, with the first judgment requiring payment of RMB 37.4877 million in total for engineering fees and other compensations [4] - The second and third cases involve payments of RMB 5.6763 million and RMB 82.2349 million, respectively, for unpaid engineering fees [4] - The company has arranged a legal team to analyze the cases and will fulfill its information disclosure obligations based on developments [4]