登录新浪财经APP 搜索【信披】查看更多考评等级 自2020年以来，财政部、国务院国资委、金融监管总局（原银保监会）和证监会连续6年联合发布了"关于严格执行企业会计准则切实做好企业年报工作的 通知"。近三年年报通知中应予以关注的准则实施重点技术问题分布情况如下表所示： | 序号 | 相关问题 | 2025年间题 | 2024年间 | 2023年问 | | --- | --- | --- | --- | --- | | | | 数量 | 题数量 | 题数量 | | 1 | 关于长期股权 | 1 | 1 | 2 | | | 投资 | | | | | 2 | 关于固定资产 | 1 | | 1 | | 3 | 关于无形资产 | 1 | | 1 | | 4 | 关于数据资源 | 1 | 1 | | | 5 | 关于资产减值 | 1 | 2 | 2 | | б | 关于或有事项 | 1 | | | | 7 | 关于收入 | 6 | 3 | 2 | | 8 | 关于政府补助 | 1 | 1 | 3 | | 9 | 关于企业合并 | 2 | | 2 | | 1 0 | 关于租赁 | 1 | | 2 | | 11 | 关于金融 ...

Core Viewpoint - The company plans to suspend operations at its subsidiary, Dazhu Hongdie, due to the need to relocate to a chemical park and the aging of existing equipment, which has led to high operating costs [1] Group 1: Financial Impact - Dazhu Hongdie is projected to generate revenue of 265.46 million yuan in 2024 and 260.42 million yuan from January to September 2025 [1] - The company expects an asset impairment of 30 million yuan from Dazhu Hongdie, which will negatively impact the consolidated net profit attributable to the parent company by 19.8 million yuan in 2025 [1] Group 2: Operational Transition - Some production equipment from Dazhu Hongdie will be transferred to Ruidesida, which will take over the subsequent business operations [1] - The company has organized its orders to ensure a smooth transition and will properly arrange for employee placements [1]

保利发展 20251225 摘要 保利发展 2025 年前 11 月新增项目总地价达 670 亿元，接近去年全年 水平，且 90%以上位于一二线城市，权益比显著提升至 87%，增强了 项目影响力和利润结转能力。公司坚持增量投资策略，以优化资产结构 和团队能力。 公司前三季度营收 1,700 亿元，同比小幅下降，毛利率维持在 13.4%。利润总额和归母净利润受项目结构影响降幅较大。公司积极处 置存量土地，已完成 400 多万平方米处置，以回收资金用于增量投资。 保利发展持有 5,700 万平方米代售项目，包括 900 万平方米增量项目和 4,700 万平方米存量项目。针对存量土地，公司采取销售或转经营策略， 部分转为租赁住房，以加速资金周转。 公司预计未来房价不会大幅上涨或下跌，而是基于当前状态进行经营安 排。二手房挂牌量增加对一手房价格构成下行压力，房价稳定需依赖供 求关系、宏观经济及收入预期等多重因素。 公司拥有 2,700 万平方米未开工存量土地，主要集中在 2019-2021 年 获取，三四线城市占比稍高。公司通过调规、换地等方式处置，已完成 400 多万方处置，改善经营状况。 Q&A 保利发展今年的销 ...

公司研究 资产减值导致业绩下滑，静待 FPSO 合同放量 ——博迈科（603727.SH）跟踪报告 要点 资产减值导致前三季度业绩下滑，毛利率有所改善。 2025 年前三季度，公司实 现营业总收入 13.2 亿元，同比-24.8%，实现归母净利润 2341 万元，同比-75.2%， 实现扣非归母净利润 926 万元，同比-91.5%。2025 年前三季度，公司毛利率为 15.11%，同比+0.16pct，ROE 为 0.73%，同比-2.21pct。截至 2025 年 9 月末， 公司归母净资产为 32 亿元，同比-1.3%，资产负债率为 28.6%，同比-5.65pct。 2025 年前三季度，公司计提资产减值损失 8063 万元，上年同期计提 2070 万元， 对公司盈利能力造成一定影响。 2025 年 12 月 24 日 投资建议：受资产减值影响，前三季度公司业绩承压，考虑到公司 LNG 项目资 产减值压力仍存，我们下调公司 25-26 年盈利预测，新增 27 年盈利预测，预计 公司 25-27 年归母净利润分别为 0.49（下调 81%）、1.59（下调 59%）、3.29 亿元，对应的 EPS 分别 ...

需要明确的是，本次计提减值准备属于会计准则下的一次性、非现金账面损失，不会导致公司现金流 出。山东高速当前的现金流状况保持稳健。（齐和宁） 根据东兴证券此前发布的《中国国际金融股份有限公司换股吸收合并东兴证券股份有限公司、信达证券 股份有限公司预案》，中金公司向东兴证券全体A股换股股东发行中金公司A股股票实现换股吸收合并 东兴证券。东兴证券的换股价格确定为每股16.14元，系以其定价基准日前20个交易日股票交易均价 （12.81元/股）为基础，给予26%的溢价后确定，换股比例为1:0.4373。 12月18日晚，山东高速披露公告，就中金公司换股吸收合并东兴证券事项可能产生的财务影响进行提 示。 公告显示，根据《企业会计准则第2号-长期股权投资》《企业会计准则第8号-资产减值》及公司会计政 策等相关规定，2025年度拟计提东兴证券对应长期股权投资减值准备约6.9亿元，预计导致公司2025年 度合并报表利润总额减少约6.9亿元。本次计提减值准备金额未经审计，最终会计处理及对公司2025年 度利润的影响以公司披露的2025年年度报告为准。 ...

截至发稿，山东高速市值为454亿元。 每经头条（nbdtoutiao）——海南封关政策红利全解析：零关税、低个税、投资准入放宽、跨境资金自 由、创业扶持…… （记者 曾健辉） 每经AI快讯，山东高速（SH 600350，收盘价：9.4元）12月18日晚间发布公告称，公司拟在2025年度对 联营企业东兴证券对应的长期股权投资计提减值准备，经初步测算，预计减值准备金额约为6.9亿元。 上述减值事项预计将导致公司2025年度合并报表利润总额减少约6.9亿元。本次计提减值准备金额未经 审计，最终会计处理及对公司2025年度利润的影响以公司披露的2025年年度报告为准。 2024年1至12月份，山东高速的营业收入构成为：高速公路通行费占比33.88%，建造服务收入占比 26.27%，销售商品收入占比12.09%，机电工程施工收入占比10.53%，铁路运输收入占比8.76%。 ...

上述减值事项预计将导致公司2025年度合并报表利润总额减少约6.9亿元。本次计提减值准备金额未经 审计，最终会计处理及对公司2025年度利润的影响以公司披露的2025年年度报告为准。 智通财经APP讯，山东高速(600350.SH)发布公告，为更加客观、公正地反映公司财务状况和资产价 值，根据《企业会计准则第2号-长期股权投资》《企业会计准则第8号-资产减值》及公司会计政策等相 关规定，结合东兴证券上述公告内容，本着谨慎性原则，公司拟在2025年度对联营企业东兴证券对应的 长期股权投资计提减值准备，经初步测算，预计减值准备金额约为6.9亿元。 ...

作为央企内部资源整合，这笔交易买方均为中国中冶的控股股东中国五矿集团有限公司(以下简称中国五矿)及其关联方。 二级市场方面，截至发稿，中国中冶A股开盘下挫，逼近跌停，港股下跌超20% | Ａ股 | | | | 港股 | | | | --- | --- | --- | --- | --- | --- | --- | | 3.06元 -0.33 -9.73% | | | | | | | | 交易中 12-09 10:13:00 北京时间 | | | | | | | | 今开 | 3.23 | 最高 | 3.23 | | 成交量 | 500.18万手 | | 昨收 | 3.39 | 最低 | 3.05 | | 成交额 | 15.44亿 | | 换手率 | 2.80% | 市盈(TTM) | 16.32 | | 总市值 | 634.14亿 | | 分时 日K | 王日 | 周K | 月K | 塾K | 年K | 亜多い | | 3.23 | | | | | | -4.72% | | 14 | | | | | | -7.38% | | | | | | | | -10.03% | | A股 | | | | | 港股 | ...

Core Viewpoint - The company announced that its wholly-owned subsidiary, Liaoning Chengda Medical Service Management Co., Ltd., will provide a guarantee for a loan application by its associated company, Chengda Hospital, to improve cash flow and reduce financial costs [2][3]. Group 1: Guarantee Details - Chengda Hospital plans to apply for a fixed asset loan of 370 million yuan from Dalian Bank to replace existing loans and a comprehensive credit line of 30 million yuan, totaling 400 million yuan [2]. - Chengda Medical will provide a guarantee of 60 million yuan based on its 15% equity stake in Chengda Hospital, using joint liability guarantee and equity pledge as the guarantee methods [2][3]. - Other shareholders will also provide guarantees according to their respective equity stakes, and Chengda Hospital will use its land use rights and buildings as collateral for the loan [2][3]. Group 2: Internal Decision-Making Process - The guarantee matter has been approved by the company's board of directors and independent directors in their respective meetings [4][9]. - The proposal will be submitted for approval at the company's shareholders' meeting [5]. Group 3: Credit Status and Necessity of Guarantee - Chengda Hospital has a good credit status and is not classified as a dishonest executor [7]. - The guarantee is deemed necessary and reasonable to support Chengda Hospital's business development needs, with no harm to the interests of the company or its shareholders [7][8]. Group 4: Board and Independent Directors' Opinions - Independent directors agree that the guarantee will not affect the company's independence and will not harm the interests of shareholders, especially minority shareholders [8]. - The board of directors has unanimously approved the proposal to provide the guarantee [9].

Core Viewpoint - The article discusses the recent pre-restructuring application of Huaxia Happiness due to a debt of 4.1716 million yuan, highlighting internal disagreements and potential risks associated with the restructuring process [3][5][14]. Group 1: Pre-restructuring Events - Huaxia Happiness was recently subjected to a pre-restructuring application initiated by Longcheng Construction, which is owed 4.1716 million yuan for municipal engineering work [5][6]. - The court has accepted the pre-restructuring application, indicating that the company is unable to meet its debt obligations and lacks the ability to repay [6][14]. - The company’s board has stated that it will cooperate with the court during the pre-restructuring process, which includes notifying creditors to declare their claims by December 18 [6][14]. Group 2: Internal Disagreements - Wang Wei, a current director and representative of the "Ping An system," publicly expressed his lack of knowledge regarding the pre-restructuring announcement and has filed a complaint with regulatory authorities about procedural compliance [5][7]. - Wang Wei has previously voted against significant asset impairment measures in the company's mid-2025 financial report, citing concerns over the prudence of asset handling [9][10]. - The disagreement reflects a broader conflict between the "Ping An system" and Huaxia Happiness regarding debt restructuring strategies and asset management [10][11]. Group 3: Financial Implications - Huaxia Happiness has previously disclosed a debt restructuring plan involving 219.2 billion yuan in financial debt, with 192.669 billion yuan already signed for restructuring [14]. - The company has faced significant financial challenges, including a reported loss of 39 billion yuan in 2021, leading to a decline in its stock and management control issues [13][14]. - The restructuring process may lead to extended repayment periods for creditors and increased uncertainty regarding the recovery rate of debts [6][14].