1月6日，上证指数突破前高4034.08点，刷新10年来新高，但在牛市氛围下，登云股份（002715.SZ）开 盘即遭遇跌停，截至10时57分，报15.57元/股，总市值较前一交易日大幅缩水，为当前A股市场唯一非 ST跌停股。 消息面上，登云股份于1月5日晚间披露公告称，公司于1月4日收到实际控制人杨涛家属提供的《逮捕通 知书》，经北京市朝阳区人民检察院批准，北京市公安局朝阳分局已于2025年12月25日对杨涛执行逮 捕，其涉嫌罪名为非法吸收公众存款罪。 据了解，杨涛曾用名杨鑫涛，为"益科系"创始人杨根水之子，2016年接替父亲进入益科正润董事会， 2019年通过益科正润入主登云股份后成为实控人，目前并不在公司担任董事、高级管理人员职务。而资 料显示，益科正润是一家大型金控投资集团，包括富国大通、联储证券、北信瑞丰基金等多家金融相关 子公司。 对此，登云股份表示，当前公司经营情况正常，上述事项对治理及日常生产经营不构成重大影响。 值得关注的是，在实控人被捕消息披露前一日，2026年首个工作日，登云股份已发布副总经理孙少博的 辞职公告。公告显示，孙少博因"个人原因"辞去职务，辞职后不再担任公司任何职务。简历显示 ...

辽宁省营口市站前区人民法院受理了申请人营口银行股份有限公司大连分行与包括良运集团有限公司、 大连良运大酒店有限公司等在内的多家公司及王永彬的金融借款纠纷一案。申请人申请查封被申请人名 下7692.40万元银行存款或等值财产，法院已裁定准许。 登录新浪财经APP 搜索【信披】查看更多考评等级 吉林亚联发展（维权）科技股份有限公司（证券代码：002316，证券简称：亚联发展）于2025年12月30 日发布公告，披露公司控股股东及实际控制人股权冻结的最新进展。公告显示，公司控股股东大连致利 投资发展(集团)有限公司（以下简称"致利发展"）所持有的5226万股公司股份已被司法冻结，同时公司 实际控制人王永彬先生持有的致利发展100%股权亦遭全部冻结，相关事项涉及两起金融借款合同纠纷 案件。 股权冻结情况及涉诉背景 公告披露，亚联发展于2025年12月22日首次获悉控股股东致利发展所持5226万股公司股份被冻结，以及 实际控制人王永彬持有的致利发展8316万股权（占注册资本69.30%）被冻结，执行法院为辽宁省大连 市大连高新技术产业园区人民法院。近日，公司再次通过国家企业信用信息公示系统查询到，王永彬持 有的致利发展 ...

12月22日晚间，祥源文旅（600576.SH）、交建股份（603815.SH）、海昌海洋公园（02255.HK）三家 上市公司同步发布重磅公告，披露公司实际控制人俞发祥因涉嫌犯罪，已被绍兴市公安局采取刑事强制 措施，相关案件正在调查过程中。 公告显示，截至披露日，三家上市公司均未收到有关机关要求协助调查的通知，公司控制权未发生变 化，生产经营一切正常，上述事项暂未对公司正常生产经营产生重大影响。 债务风险爆发后，监管部门迅速介入。为稳妥处置风险、维护投资者合法权益，绍兴市组建了帮扶祥源 控股集团工作组，并于12月12日正式进驻企业。工作组进驻后，一方面着手排查企业资产及负债情况， 摸清企业经营困难与诉求；另一方面督促企业履行债务责任，确保生产经营正常开展。 绍兴市相关部门当时曾明确表示，将对排查中发现的涉嫌违法犯罪线索移交公安机关依法查处。 12月7日，祥源文旅集团旗下两家上市公司祥源文旅和交建股份迅速发布公告，回应网络传闻，强调相 关产品与上市公司无关、不承担担保责任。同时提到实控人俞发祥承担连带保证责任的金融产品出现部 分逾期兑付，并表示，祥源控股及公司实控人正在与相关方就逾期兑付的具体情况进行沟通处理 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002360 证券简称：同德化工（维权） 公告编号：2025-135 山西同德化工股份有限公司 关于公司全资子公司股权被冻结的公告 公司已与长江租赁积极沟通，充分听取专业法律顾问的意见，妥善处理双方纠纷，依法维护公司的合法 权益。公司将继续积极配合司法程序，与长江租赁进行沟通，争取就争议解决方案达成一致意见。 公司将持续关注该事项的进展情况，严格按照有关法律法规及规范性文件的要求及时履行信息披露义 务，公司指定的信息披露媒体为巨潮资讯网（www.cninfo.com.cn）和《上海证券报》《证券时报》， 公司所有信息均以在上述指定媒体刊登的为准，敬请投资者注意投资风险。 特此公告。 近日公司知悉上海市浦东新区人民法院查封冻结同德化工持有的同德民爆100%股权。公司正积极跟 进、核查本事项，后续及时履行信息披露义务。 二、公司资产被查封冻结的原因 因公司与长江联合金融租赁有限公司（以下简称"长江租赁"）融资租赁合同纠纷，应长江租赁申请，上 海市浦东新区人民法院冻结公司全资子公司同德民爆100%股权，冻结期限为2025年9月18日至2028年9 月17日 ...

Core Viewpoint - Vanke A's liquidity issues have led to a downgrade in its credit rating, with significant portions of its equity frozen due to legal actions, raising concerns about its financial stability and ability to meet short-term debt obligations [1][3][4]. Group 1: Financial Health and Credit Rating - Vanke A's credit rating was downgraded to "CCC-" by S&P due to unsustainable financial commitments and risks of default or restructuring [1]. - The company has seen its equity in over 12 enterprises frozen, with the highest value being 570 million yuan related to Shenzhen Vanke Development Co., indicating severe liquidity issues [3][4]. - As of Q3 2025, Vanke A reported cash holdings of 65.7 billion yuan, while its interest-bearing liabilities totaled 362.9 billion yuan, leading to a significant short-term debt gap [4][5]. Group 2: Comparison with Peers - In comparison to peers like Poly Developments and China Merchants Shekou, Vanke A has faced more severe liquidity challenges, with its stock price dropping significantly over the past two years [7][8]. - Other companies in the sector, such as China Merchants Shekou, reported a cash-to-short-term debt ratio of 1.3, indicating better financial health [7]. Group 3: Market Reaction and Stock Performance - Following the news of equity freezes, Vanke A's stock price has experienced multiple declines, with a 15% drop in five trading days after the announcement of the 570 million yuan freeze [8][9]. - The stock has seen a 50% decline from early 2024 to December 11, 2025, making it the worst performer in the real estate sector during this period [8]. Group 4: Potential Solutions and Actions - Vanke A has options to resolve its liquidity issues, including settling debts, negotiating with creditors, or liquidating frozen assets to meet obligations [9]. - The company received a loan of up to 1.666 billion yuan from its largest shareholder, Shenzhen Metro Group, to alleviate short-term financial pressures [9].

Core Viewpoint - The freezing of 570 million RMB worth of shares in Shenzhen Vanke Development Co., a subsidiary of Vanke, highlights the financial difficulties faced by major real estate companies in China [1][6]. Company Summary - Shenzhen Vanke Development Co. was established in 1994 and is a wholly-owned subsidiary of Vanke Group, serving as a core profit-generating entity for the group [4]. - The company has a registered capital of 600 million RMB, with Vanke holding 95% and Shenzhen Vanke Financial Consulting Co. holding 5% [6]. - The frozen shares amount to 570 million RMB, which corresponds exactly to Vanke's 95% equity stake in Shenzhen Vanke [6]. Financial Situation - Vanke is currently facing a significant funding gap, with two bonds totaling 5.7 billion RMB maturing in December 2025 [6]. - The bonds include "22 Vanke MTN004" with a balance of 2 billion RMB and an interest rate of 3%, originally due on December 15, 2025 [6]. - Following the announcement of a meeting to discuss the extension of these bonds, Vanke's A-shares and H-shares experienced sharp declines, with A-shares hitting a nearly ten-year low of 5.17 RMB [6][7]. Market Reaction - The freezing of shares has triggered panic in the capital markets, leading to a sell-off of Vanke's domestic and international bonds [6][7]. - The market is concerned about the potential for further financial distress within the real estate sector, as the freezing of shares is seen as a significant warning sign [7].

Core Viewpoint - Vanke is facing significant financial distress, highlighted by a sharp decline in bond prices and stock value, alongside a major equity freeze affecting its core subsidiary [1][2][3] Group 1: Financial Performance - Vanke's revenue for the third quarter was reported at 161.39 billion yuan, a year-on-year decrease of 26.61% [3] - The company recorded a net loss attributable to equity holders of 28.02 billion yuan, with a gross profit margin in real estate development plummeting to -10.5% [3] - Vanke's remaining cash balance of 65.68 billion yuan is insufficient to cover its short-term debt of 151.39 billion yuan [3] Group 2: Market Reaction - On December 1, Vanke's bonds experienced a significant drop, with "21 Vanke 04" falling over 45% and "22 Vanke 02" dropping over 38% [2] - Following the announcement of a 5.7 billion yuan equity freeze, Vanke's stock price fell to 5.2 yuan per share, a decline of 3.35% [1] Group 3: Asset Management - Vanke has pledged all of its 660 million shares in Wanwu Cloud to secure loans totaling up to 22 billion yuan from Shenzhen Metro Group [2] - The company has engaged in asset disposals, signing 19 bulk transactions worth 6.86 billion yuan and optimizing cash flow from existing assets by 7.11 billion yuan [3] Group 4: Corporate Governance - The new chairman of Vanke, Huang Liping, has expressed commitment to support the company's recovery and manage risks effectively [4] - Recent changes in corporate governance include the replacement of the legal representative of Shenzhen Metro Group, indicating a shift in leadership dynamics [4]

（文/孙梅欣 编辑/张广凯） 这边新的大股东才斥资20亿元定增入股，那边旧日实控人的破产重整，却同步获得法院受理。 杭州德烨嘉俊的大股东为持股比例66%的王火仙，即顾家家居创始人顾江生的母亲。顾江生持股 15.6%，持有公司14.4%股份的王才良则是王火仙的侄子。 顾家家居目前的大股东是美的"太子爷"何剑锋实控的宁波盈峰睿和投资管理有限公司，但杭州德烨嘉俊 仍然持有10.77%的股份比例，为公司第二大股东。同时第三大股东TB Home Limited同样为顾江生家族 持有，因此顾氏家族对顾家家居目前的持股比例仍然有15.78%。 不过这是目前尚未变更的股份比例，由于今年10月何剑锋通过实际控制的盈峰集团旗下企业进行定增， 待完成增资后虽然顾氏家族第二大股东的身份不变，但对顾家家居的持股比例将下降至12.32%。 由于这一层关系，顾家家居在重整公告中强调，尽管股东层面的重整正在进行，但公司的经营活动将保 持正常，不会受到股东重整事宜的干扰。 值得注意的是，就在11月份，德烨嘉俊和TB Home Limited的股份再遭轮候冻结。 其中，11月5日德烨嘉俊被河北省衡水市中级人民法院轮候冻结其持有顾家家居持有的全部 ...

Core Viewpoint - Qingdao Beer has officially terminated its acquisition of 100% equity in Jimo Yellow Wine, which was initially valued at 665 million yuan, due to unmet conditions in the equity transfer agreement [1][5]. Company Summary - The acquisition aimed to diversify Qingdao Beer's business beyond beer, as the Chinese beer industry faces slowing growth, with a projected 0.6% decline in beer production for 2024 and a 5.3% decrease in Qingdao Beer's revenue [2]. - Jimo Yellow Wine, established in 1949, is a representative of northern yellow wine, with its "Jimo" brand recognized as a "Chinese Time-honored Brand" since 2006. In 2024, it reported a revenue of 166 million yuan, up 13.5%, and a net profit of 30.47 million yuan, up 38% [4]. Industry Context - The traditional yellow wine sector is experiencing a revival, driven by national trends and innovation from leading liquor companies, indicating a significant national expansion [3]. Financial Implications - The termination of the acquisition is expected to have severe financial repercussions for ST Xinhuajin, which was relying on the 665 million yuan from the sale to address a 406 million yuan fund occupation issue [10][11]. - ST Xinhuajin's stock faces delisting risks if it fails to recover the occupied funds by February 2026, as indicated by regulatory measures [12]. Legal and Operational Challenges - The termination was influenced by a series of equity freezes affecting Jimo Yellow Wine, totaling over 100 million yuan, primarily linked to its major shareholders, which created significant legal and operational barriers for the acquisition [6][9]. - The equity freeze was deemed a "significant adverse change," leading to the automatic termination of the acquisition agreement after the stipulated 120-day period [9].

Core Points - Evergrande Real Estate Group Wuhan Co., Ltd. has a new equity freeze information added on October 11, with the frozen equity amounting to 1.064 billion RMB [1] - The frozen equity pertains to Wuhan Donghu Evergrande Real Estate Development Co., Ltd., with the freeze period set from October 11, 2025, to October 10, 2028 [1][2] - The executing court for this action is the Guangzhou Intermediate People's Court in Guangdong Province [2] Company Information - Evergrande Real Estate Group Wuhan Co., Ltd. was established in July 2006, with a registered capital of approximately 1.45 billion RMB [2] - The legal representative of the company is Kong Deheng, and it is jointly held by Evergrande Real Estate Group Co., Ltd. and Guangzhou Xinyuan Investment Co., Ltd. [2]