11月25日晚，富森美（002818）(002818.SZ)公告披露，公司副总经理、董事会秘书张凤术被监察部门 立案调查并实施留置措施，此前，富森美董事长刘兵于2025年7月被监察部门留置。 富森美公告称，公司于近日收到四川崇州市监察委员会签发《立案通知书》和《留置通知书》，对公司 副总经理、董事会秘书张凤术立案调查并实施留置措施。因张凤术在留置期间不能履行董事会秘书职 责，根据相关规定，暂由副总经理、财务总监王鸿代行董事会秘书职责。目前，公司已对相关工作进行 了妥善安排。 富森美主营家居卖场业务，主要布局在四川省内，以自营模式为主，截至2024年年末，富森美自营卖场 规模超125万平方米，入驻商户数量3500余户。仅在成都就有富森美家居1、2、3馆，以及城西店等。此 外富森美位于成华区的城北建材城营业面积高达36万平方米。 据公开资料，现年57岁的刘兵从经营建材起家，1998年起先后创办成都市富森木业工贸有限公司、郫县 富森木业有限公司及富森美等企业。现任四川省家居品牌商会会长、四川省个体私营经济协会副会长、 全国工商联家具装饰业商会常务会长等职。 据上市公司披露，目前刘兵为富森美实控人、董事长，直接持有上 ...

Core Insights - The 2025 7th International Factoring and Supply Chain Finance Conference successfully took place in Shenzhen, focusing on high-quality development and service to the real economy [1] Group 1: Industry Overview - The commercial factoring industry in Shenzhen has over 1,400 existing companies, accounting for approximately 40% of the national total, and has provided nearly 5 trillion yuan in factoring financing to over 2.23 million small and micro enterprises [3] - The industry aims to address the financing difficulties faced by small and micro enterprises while adhering to compliance management and risk prevention [3] Group 2: Expert Insights - Zhang Yanling, former Vice President of the Bank of China, emphasized the need for the factoring industry to adapt to geopolitical changes and trade model transformations, highlighting its critical role in supporting small enterprises and ensuring export safety [5] - Wang Zhongmin discussed the opportunities for cross-border factoring amid global supply chain restructuring, advocating for enhanced compliance and risk management capabilities [5] - Liu Jiangning proposed focusing on four key areas—legal, professional, digital, and diversified approaches—to promote high-quality development in the factoring industry [5] Group 3: Innovations and Practices - Fang Xiaomin shared innovative practices in agricultural supply chain factoring, showcasing how technology is transforming traditional services into digital solutions for rural revitalization [6] - The conference released the "Guangdong Province Commercial Factoring Industry Development Report (2024-2025)," analyzing industry pain points and opportunities [6] - A total of 39 exemplary cases were selected to demonstrate the contributions of factoring companies in key areas such as agriculture, small enterprises, and foreign trade [6] Group 4: Collaborative Discussions - Leaders from commercial factoring associations in Shanghai, Jiangsu, Guangdong, and Shenzhen engaged in discussions on industry governance, digital transformation, and regional collaboration [7] - The international factoring CEO dialogue focused on innovative development paths under global supply chain restructuring, exploring technology-driven internationalization opportunities [7] Group 5: Future Directions - The conference emphasized the commitment to high-quality development in the commercial factoring industry, aligning with national strategies and enhancing service capabilities for the modern industrial system [8] - The industry aims to contribute to the construction of a financial powerhouse while deepening reforms and promoting sustainable development [8]

Core Points - Yueda International Holdings (00629) announced a factoring agreement with Xinguang Construction, effective from September 30, 2025, to September 29, 2026 [1] - Under the agreement, Yueda Commercial Factoring will provide accounts receivable financing, management services, and collection services to Xinguang Construction [1] - The revolving credit limit granted is RMB 45 million, with an annual interest rate and factoring management fee combined ranging from 8% to 9% [1]

Core Viewpoint - The company has agreed to adjust the financing interest rates for commercial factoring provided to its subsidiaries, aiming to enhance cooperation and mutual benefits among the involved parties [2][10]. Summary by Sections 1. Overview of Related Transactions - The company will unify the financing interest rates for commercial factoring to Chongqing Yudu Hotel, Hengsheng Assets, and Kange Leasing at an annual rate of 4% [4][12]. - The previous rates were 5% for Yudu Hotel and Kange Leasing, and 6% for Hengsheng Assets [3][10]. 2. Financial Context - The People's Bank of China has been continuously lowering the LPR loan rates, with the one-year LPR now at 3.0% [2][10]. - The total amount of related transactions with Yudu Hotel, Hengsheng Assets, and Kange Leasing over the past 12 months was 168.29 million yuan, including a factoring balance of 160 million yuan and interest income of 8.29 million yuan [3][4]. 3. Approval Process - The board of directors, excluding related directors, unanimously approved the adjustment of financing rates, with 7 votes in favor and no opposition [3][13]. - Independent directors also expressed their agreement, stating that the transaction adheres to fair and reasonable principles and does not harm the interests of the company or its shareholders [13]. 4. Impact on the Company - The adjustment of financing rates is expected to enhance business stability and ensure a steady rental income for the factoring business, aligning with the company's operational needs [12][13]. - The company maintains its independence and operational integrity, with no adverse effects anticipated from this related transaction [12][13].

Core Viewpoint - The announcement details a significant arbitration case involving Asia Creative Energy Technology (Shanghai) Co., Ltd. and its subsidiaries, with the Hangzhou Arbitration Commission accepting a case related to a factoring financing dispute amounting to 150 million yuan [2][3]. Group 1: Arbitration Case Details - The arbitration case is currently at the acceptance stage by the Hangzhou Arbitration Commission [2]. - The company and its subsidiaries are the respondents in this arbitration case [2]. - The disputed amount involves a factoring financing of 150 million yuan, along with related fees [2][3]. Group 2: Parties Involved - The applicant in the arbitration is Zhongcai Zhaoshang Investment Group Commercial Factoring Co., Ltd. [3]. - The respondents include multiple entities, including Asia Supply Chain Management (Shanghai) Co., Ltd., Asia Energy Saving Decoration Building Materials Sales (Shanghai) Co., Ltd., and several subsidiaries of Asia Creative Energy [3]. Group 3: Arbitration Progress and Claims - The arbitration case has been accepted, but no hearing has been held yet [3]. - The applicant requests the arbitration commission to order the first respondent to repay the principal of 150 million yuan, along with interest, management fees, penalties, and legal fees, totaling approximately 152.46 million yuan [3][4][5][6]. - The applicant also seeks priority repayment rights over the receivables related to a sales contract valued at approximately 190.64 million yuan [4]. Group 4: Financial Impact - The impact of this arbitration on the company's current and future profits remains uncertain, pending the outcome of the arbitration [7]. - The company will adjust its accounting treatment based on the actual progress of the case and relevant accounting standards [7]. Group 5: Other Legal Matters - As of the announcement date, the company and its subsidiaries have ongoing legal cases, with a total amount of 612,550.23 yuan as plaintiffs and 53,689,321.84 yuan as defendants [8].

Core Viewpoint - The company, Yashi Chuangneng, is facing a legal dispute regarding a factoring contract, with a claim for the return of 150 million yuan and associated fees due to alleged breach of contract [1][2][3]. Group 1: Legal Dispute Details - Yashi Chuangneng received a notice from the Hangzhou Arbitration Commission regarding a lawsuit filed by Zhongcai Zhaoshang Investment Group for a factoring contract dispute [1]. - The lawsuit claims that Yashi Chuangneng and its subsidiaries breached the contract, leading to a demand for the return of 150 million yuan in financing and additional fees [2][3]. - The factoring contract was signed on April 16, 2023, with a financing amount of 150 million yuan and a financing period until June 30, 2025 [2]. Group 2: Financial Implications - Zhongcai Zhaoshang is seeking a total of approximately 152 million yuan, which includes the principal, financing fees, management fees, penalties, and legal fees [3]. - The company has a maximum guarantee amount of 6.5 billion yuan among its subsidiaries, with a current guarantee balance of 3.021 billion yuan [4]. - Yashi Chuangneng's subsidiary, Yashi Supply Chain Management, reported a revenue of 1.323 billion yuan and a net profit of 4.8342 million yuan in 2024 [4]. Group 3: Company Performance - Yashi Supply Chain Management is a wholly-owned subsidiary of Yashi Chuangneng, established in 2013, focusing on supply chain management and related services [4]. - Another subsidiary, Yashi Energy Saving Decoration Materials Sales, reported a revenue of 1.799 billion yuan but incurred a net loss of 320 million yuan in 2024 [4].

Group 1 - The board of directors of Chongqing Department Store Co., Ltd. held a meeting on March 21, 2025, where all 11 directors participated and expressed their opinions, ensuring compliance with legal and regulatory requirements [1] - The board approved the transfer of 51% equity and related debts of Chongqing Shansha Yunzhi Automobile Sales Co., Ltd. to Shanghai Bayin Yimu Enterprise Management Partnership for a total price of 5.1 million yuan, with the equity transfer priced at 1 yuan and the debt transfer at 5,099,999 yuan [2][3] - The board also approved a related party transaction where Chongqing Zhongbai Commercial Factoring Co., Ltd. will provide 35 million yuan in commercial factoring financing to Chongqing Yudu Hotel Co., Ltd. at an interest rate of 5% for a term not exceeding 12 months [2][3] Group 2 - The financial assessment of Chongqing Shansha Yunzhi showed total assets of 30.92 million yuan, total liabilities of 33.19 million yuan, and a net asset value of -2.28 million yuan as of May 31, 2024 [2] - The board's decision on the equity transfer received unanimous approval with 11 votes in favor and no votes against or abstentions [2] - The related party transaction for commercial factoring financing received 7 votes in favor, with 4 directors abstaining due to conflicts of interest [3]