JINKE PROPERTY(SZ:000656) Mei Ri Jing Ji Xin Wen·2026-01-30 15:35Core Viewpoint - Jinke Co., Ltd. has successfully completed its restructuring and is projected to achieve a significant turnaround in profitability, with expected net profits of 30 billion to 35 billion yuan for 2025, marking a shift from losses to substantial gains [1][4]. Group 1: Financial Performance - In 2020, Jinke Co., Ltd. reported sales of 223.2 billion yuan and an operating income of 87.704 billion yuan, reflecting a year-on-year increase of 29.41% [2]. - The company faced severe financial difficulties from 2022 to 2024, with cumulative net losses exceeding 60 billion yuan, including losses of 21.392 billion yuan in 2022, 8.732 billion yuan in 2023, and 31.97 billion yuan in 2024 [2][3]. - The restructuring plan involved over 8,400 creditors and a total debt of 147 billion yuan, with expected debt restructuring gains of approximately 68 billion to 70 billion yuan [4]. Group 2: Restructuring and Recovery - The restructuring application was accepted by the Chongqing Fifth Intermediate People's Court on April 22, 2024, and the plan was executed successfully by December 2025 [4]. - Following the restructuring, Jinke Co., Ltd. anticipates a net profit of 30 billion to 35 billion yuan for 2025, with basic earnings per share projected between 2.8 yuan and 3.3 yuan [4]. Group 3: Strategic Shift - Jinke Co., Ltd. is transitioning from traditional real estate development to a lighter asset model, establishing new divisions such as urban renewal, asset management, and digital technology [8][9]. - The company aims to focus on high-efficiency operations, lean management, and technological innovation, with a strategic shift towards special asset investment and operation [9][10]. - The new leadership team, including Chairman Guo Wei, is expected to guide the company through this transformation, leveraging experience in asset management and restructuring [10].