每周债市看点 | 融侨集团去年债务逾期达44.595亿元，柳州投控收到上交所纪律处分决定书

Group 1:融侨集团 -融侨集团 has reported a total overdue debt of approximately 4.4595 billion yuan as of December 31, 2025, including overdue commercial acceptance bills amounting to 20.6362 million yuan and ongoing litigation cases totaling about 4.111 billion yuan [1] -融侨集团 is facing liquidity risks that may adversely affect its production and operations, with a total contracted sales of approximately 768 million yuan and an average sales price of 3,600 yuan per square meter in 2025 [1] Group 2:鑫苑中国 -鑫苑（中国）置业's parent company, 鑫苑地产, will be delisted from the New York Stock Exchange due to not meeting the market capitalization requirement, with plans to transfer its American depositary shares to the OTC market [1] -鑫苑（中国）置业 reported a net profit attributable to shareholders of -1.404 billion yuan for the first half of 2025, continuing a trend of losses with total revenue of 276 million yuan, a significant decline of 89.86% year-on-year [2] Group 3:滇池水务 -滇池水务 has had three properties in Kunming seized by the court due to legal disputes, with a decision for judicial auction and a deadline to vacate by February 10, 2026 [4] -滇池水务 expects a pre-tax profit of approximately 150 million to 166 million yuan for the first half of 2025, a decrease of 32.2 million to 48 million yuan compared to the same period last year [4] Group 4:泰禾集团 -泰禾集团 has reported overdue interest-bearing debt totaling 71.679 billion yuan as of December 31, with the company and its actual controller listed as dishonest executors due to failure to fulfill court judgments [5] -The company is actively pursuing debt restructuring and addressing asset freezes and mortgage issues to improve liquidity [5] Group 5:万科 -万科 has successfully extended three bonds totaling 6.8 billion yuan, alleviating immediate default risks, with support from its largest shareholder providing up to 2.36 billion yuan for bond repayment [6] -Despite the successful bond extension,万科 faces a peak in debt repayment over the next two years, indicating ongoing challenges in its debt management [6] Group 6:柳州投控 -柳州投控 has received a public reprimand from the Shanghai Stock Exchange for violations related to the misappropriation of raised funds and failure to disclose the use of such funds accurately [7] -The company has committed to comprehensive rectification of its compliance practices and improving the quality of information disclosure [7]