1、北京银行提出其保留采取进一步措施追究公司法律责任的权利，未来公司存在因上述事项面临诉讼 仲裁、银行账户被冻结、资产被查封等风险，亦存在需支付相关罚息、复利等导致公司财务费用增加的 风险。2、公司将继续与银行积极协商，争取就上述事项的相关处理方案达成一致意见，并加强应收账 款催收工作和资金回笼力度，妥善处理银行贷款逾期问题。 格隆汇1月8日丨雪浪环境(300385.SZ)公布，公司于2024年3月6日与北京银行股份有限公司无锡分行 （简称"北京银行"）签订了《综合授信合同》，北京银行据此向公司发放了贷款。公司于近日收到了北 京银行送达的《全部收贷通知书》，北京银行提出"鉴于公司发生借款合同下的违约事件，根据借款合 同约定，北京银行宣布借款合同下的未到期贷款等全部债务立即到期。北京银行特发函，请公司立即清 偿已到期贷款本金4,122,287.03元，并偿还提前到期的贷款本金人民币30,918,498.76元，同时还须清偿利 息、罚息、复利等应付款项，并承担相应的法律责任。"上述事项涉及总金额占公司最近一期经审计净 资产的14.59%。 ...

1月8日金融一线消息，无锡雪浪环境科技股份有限公司（简称"雪浪环境"）今日发布公告称，公司于近 日收到了北京银行送达的《全部收贷通知书》。 公告指出，雪浪环境于2024年3月6日与北京银行股份有限公司无锡分行签订了《综合授信合同》，北京 银行据此向该公司发放了贷款。该公司于近日收到了北京银行送达的《全部收贷通知书》。 北京银行提出："鉴于雪浪环境发生借款合同下的违约事件，根据借款合同约定，北京银行宣布借款合 同下的未到期贷款等全部债务立即到期。北京银行特发函，请雪浪环境立即清偿已到期贷款本金 4122287.03元，并偿还提前到期的贷款本金人民币30918498.76元，同时还须清偿利息、罚息、复利等应 付款项，并承担相应的法律责任。" 雪浪环境表示，上述事项涉及总金额占公司最近一期经审计净资产的14.59%。在对公司的影响方面， 北京银行提出其保留采取进一步措施追究公司法律责任的权利，未来公司存在因上述事项面临诉讼仲 裁、银行账户被冻结、资产被查封等风险，亦存在需支付相关罚息、复利等导致公司财务费用增加的风 险。 "公司将继续与银行积极协商，争取就上述事项的相关处理方案达成一致意见，并加强应收账款催收工 作 ...

本公司董事会谨此知会本公司股东(股东)及潜在投资者，上述贷款逾期已构成相关债务违约。截至本公 告日期，双方仍在就贷款偿还事宜进行积极协商。 截至2025年11月30日，本公司估算相关贷款未能于贷款到期日偿付导致借款交叉违约金额为人民币49.8 亿元，该等交叉违约包含在上述借款逾期及触发违约金额的总额范围内，本次贷款违约并未触发新增交 叉违约。 智通财经APP讯，亿达中国(03639)发布公告，2022年10月，广发银行股份有限公司大连分行(广发大连) (作为债权人)向本公司间接全资附属公司亿达建设集团有限公司(亿达建设)(作为债务人及质押人)发放贷 款人民币9300万元(广发贷款)，贷款利率4%，贷款到期日2027年5月27日。担保措施：(1)本公司附属公 司大连亿达美加房地产开发有限公司(大连美加)、大连软件园中兴开发有限公司(大连中兴)及大连软件 园荣达开发有限公司以公建约0.8万平方米、房产约0.85万平方米提供抵押担保，及以河口湾2.26万平方 米土地提供第二顺位抵押担保;(2)本公司附属公司亿达发展有限公司、大连中兴及大连美加提供连带责 任保证担保及亿达建设提供部分应收账款质押担保。截至2026年1 ...

Core Insights - The global private credit market, valued at approximately $3 trillion, is facing a negative outlook due to declining profit margins among borrowers, which may lead to increased loan defaults by 2026 [1][4] - Economic uncertainty, particularly in the U.S., is contributing to profit margin compression and rising leverage, putting the weakest companies at risk of default [1][4] Group 1: Financial Performance - Profit margins for private credit borrowers are reported to be declining, with cash flow and interest coverage ratios also lower compared to the previous year [2][5] - The overall resilience of the industry is noted, despite the pressures from economic conditions and trade tariffs [2][5] Group 2: Market Dynamics - Sales improvements and reduced borrowing costs are beneficial for borrowers, while credit quality in Europe appears to be healthier [3][6] - The growth of private credit has led to stricter regulatory scrutiny, with the Bank of England initiating stress tests to assess the industry's performance during significant financial shocks [3][6] Group 3: Industry Interconnections - The increasing interconnectedness between private credit and the traditional financial system has been highlighted, with potential risks amplifying during financial stress [3][6]

Financial Data and Key Metrics Changes - The company reported a 4% increase in total service revenue to $39.7 million compared to Q3 2024, driven by growth in various business segments [4][5] - GAAP earnings per share and cash flow from operations improved, with a pre-tax loss of $1.7 million, an improvement of $6.8 million from the previous year [5][11] - Adjusted EBITDA was flat at $3.6 million, with a slight increase in adjusted EBITDA for the service earning real estate segment to $10 million, up 1% from the previous year [5][8] Business Line Data and Key Metrics Changes - The service earning real estate segment generated $31.2 million in revenue, a 3% increase from Q3 2024, while adjusted EBITDA margins declined to 32.1% due to a revenue mix shift [7][8] - The origination segment saw a 9% increase in service revenue to $8.5 million, but adjusted EBITDA remained flat at $900,000, with margins declining to 10.3% [9][10] Market Data and Key Metrics Changes - The residential mortgage default market showed 90-plus-day mortgage delinquency rates at 1.3%, with foreclosure starts increasing by 19% and sales by 10% year-over-year [11][12] - The real estate market is perceived to be weakening, indicated by higher inventory and extended sales timelines, affecting the percentage of homes sold at foreclosure auctions [12] Company Strategy and Development Direction - The company is focusing on diversifying its customer base and growing businesses with strong growth potential, such as renovation and risk management services [5][6] - There is an emphasis on maintaining cost discipline while pursuing growth opportunities in a low delinquency environment, positioning the company for potential revenue increases if market conditions change [13][14] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about the third-quarter performance and the potential for continued growth, highlighting a strong sales pipeline and new business wins [13][17] - The company is well-positioned to benefit from increased loan delinquencies and foreclosure activity, which could enhance revenue and adjusted EBITDA in countercyclical businesses [14] Other Important Information - The cooperative brokerage agreement with Rhythm expired on August 31, but the company continues to manage REO and receive referrals [9] - The company won four new customers for the Equator platform, which are expected to generate additional revenue as they load more assets [15] Q&A Session Summary Question: Are the new customer wins for the Equator platform expected to translate to more inventory on Hubzu Marketplace? - Management confirmed that three of the four new customers are live and loading properties, which should generate revenue and facilitate cross-selling with Hubzu Marketplace [15]

Core Viewpoint - The company has received a demand letter from the lender's legal advisor, requiring immediate repayment of outstanding loans due to failure to meet the repayment schedule [1] Group 1 - The company is required to repay a total of HKD 102 million, which includes principal, accrued interest, overdue interest, and other fees [1] - The demand letter indicates that the company's shares have been suspended from trading since February 19, 2025 [1] - The resignation of Mr. Zhang as the executive director since November 13, 2024, has triggered a default event under the loan agreement [1] Group 2 - The lender has stated that if the company fails to comply with the demand, legal actions may be taken, including lawsuits to recover the debt and enforcement of collateral [1]