*ST中装公告称，2025年12月18日，公司收到深圳中院送达的《民事裁定书》，其裁定批准公司重整计 划，并终止重整程序。此前，12月16日，公司第二次债权人会议和出资人组会议已分别表决通过重整计 划草案及出资人权益调整方案。法院裁定批准后，公司将进入执行阶段，若执行完毕，利于优化资产负 债结构等，但公司股票已被实施退市及其他风险警示，后续仍存重整失败、股价除权调整等风险。 ...

Group 1 - The core point of the article is that *ST Baoying (SZ 002047) held its 36th meeting of the 8th Board of Directors on December 18, 2025, via telecommunication to discuss a proposal regarding providing loans to its wholly-owned subsidiary [1] - For the first half of 2025, *ST Baoying's revenue composition is as follows: decoration and renovation accounted for 61.06%, construction engineering for 29.92%, and others for 9.02% [1] - As of the time of reporting, *ST Baoying has a market capitalization of 6 billion yuan [1] Group 2 - The article also mentions the Hainan Free Trade Port policy benefits, including zero tariffs, low individual income tax, relaxed investment access, free cross-border capital flow, and support for entrepreneurship [1]

从资金流向上来看，当日装修装饰板块主力资金净流出1.19亿元，游资资金净流出455.3万元，散户资金 净流入1.24亿元。装修装饰板块个股资金流向见下表： 证券之星消息，12月18日装修装饰板块较上一交易日下跌0.09%，科新发展领跌。当日上证指数报收于 3876.37，上涨0.16%。深证成指报收于13053.98，下跌1.29%。装修装饰板块个股涨跌见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 ...

广田集团公告，公司及控股子公司连续十二个月内累计涉及诉讼（仲裁）事项涉案金额合计约为人民币 5766.47万元，占公司最近一期经审计净资产的10.02%。其中，公司作为原告的案件金额为81.23万元， 作为被告的案件金额为5685.23万元，公司为案件第三人的金额合计约为人民币803.36万元。 ...

Market Overview - On December 17, the A-share market opened lower but experienced a slight upward trend, with the Shanghai Composite Index facing resistance around 3834 points[2] - The Shanghai Composite Index closed at 3870.28 points, up 1.19%, while the Shenzhen Component Index rose by 2.40% to 13224.51 points[7] - Total trading volume for both markets reached 18,345 billion yuan, above the median of the past three years[3] Sector Performance - Key sectors showing strong performance included communication equipment, electronic components, energy metals, and finance, while sectors like decoration, aerospace, and brewing lagged behind[3] - Over 70% of stocks in the two markets rose, with energy metals and precious metals leading the gains[7] Valuation Metrics - The average price-to-earnings (P/E) ratios for the Shanghai Composite and ChiNext indices are 15.72 times and 47.69 times, respectively, above the median levels of the past three years, indicating a suitable environment for medium to long-term investments[3] - The market is expected to consolidate around the 4000-point mark, with cyclical and technology sectors likely to alternate in performance[3] Economic Outlook - The central economic work conference set a tone of "more proactive" economic policies for the coming year, while the Federal Reserve's interest rate cuts have led to fluctuating expectations regarding future easing measures[3] - The domestic economy is in a state of moderate recovery, but the foundation still needs strengthening[3] Investment Recommendations - Investors are advised to closely monitor macroeconomic data, changes in overseas liquidity, and policy developments[3] - Short-term investment opportunities are recommended in communication equipment, electronic components, energy metals, and finance sectors[3] Risk Factors - Potential risks include unexpected overseas economic downturns, domestic policy and economic recovery delays, and international relations changes affecting the economic environment[4]

证券之星消息，12月17日装修装饰板块较上一交易日下跌0.81%，海南发展领跌。当日上证指数报收于 3870.28，上涨1.19%。深证成指报收于13224.51，上涨2.4%。装修装饰板块个股涨跌见下表： 从资金流向上来看，当日装修装饰板块主力资金净流出1.67亿元，游资资金净流出1152.1万元，散户资金 净流入1.78亿元。装修装饰板块个股资金流向见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 600234 | 科新发展 | 1772.13万 | 14.81% | -957.37万 | -8.00% | -814.76万 | -6.81% | | 002713 | *ST东易 | 1147.63万 | 3.00% | -1186.75万 | -3.11% | 39.13万 | 0.10% | | 002081 | 金螳螂 | 642.98万 | 13.28% | -286.39万 | -5.92% ...

Investment Rating - The investment rating for the construction decoration industry is "Positive" (maintained) [2] Core Viewpoints - The focus is on the start of the "15th Five-Year Plan" in 2026, with the construction sector expected to experience a "spring rally." Overall infrastructure investment in 2025 remains weak, with growth rates at low levels. However, conditions for marginal improvement in investment rhythm may arise in the first quarter of 2026, catalyzing sentiment and orders for the sector [2][10]. Summary by Sections 1. Five-Year Plan Impact - The five-year plan significantly influences infrastructure investment rhythms, showing a clear "high at the front, stable at the back" pattern in recent cycles. Historically, infrastructure investment growth in China has exhibited stable phase characteristics, with the first half of the plan often seeing concentrated project launches and relatively high growth rates, while the latter half tends to stabilize [3][10]. 2. Investment Recovery Patterns - Historical data indicates a "low base - next year recovery" pattern for first-quarter infrastructure growth. For instance, in 2025, the broad infrastructure fixed asset investment growth rates for January-February and March are 9.95% and 12.59%, respectively. However, excluding the impact of power investment, the narrow infrastructure growth rates are only 5.60% and 5.94%, marking the lowest in five years. The expectation for 2026 is that the first quarter may naturally recover due to the low growth base in 2025 [4][12]. 3. Provincial Project Disclosures - In the first quarter of the "14th Five-Year Plan," multiple provinces are expected to disclose significant plans for communication, comprehensive transportation, water conservancy, and major infrastructure projects, which will significantly catalyze the infrastructure industry chain. For example, provinces like Sichuan and Chongqing have set ambitious investment targets for the "14th Five-Year Plan," which will lay the groundwork for the upcoming "15th Five-Year Plan" [5][10]. 4. Market Performance - The Shanghai Composite Index fell by 0.34%, while the Shenzhen Component Index rose by 0.84%, and the ChiNext Index increased by 2.74%. The construction decoration index dropped by 1.59%, with sectors like landscaping engineering and municipal engineering showing positive growth [6][25]. 5. Company Announcements - Several companies in the construction sector have reported significant project wins, including major overseas contracts and domestic infrastructure projects, indicating a robust pipeline of work that supports future revenue growth [19][20].

以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 从资金流向上来看，当日装修装饰板块主力资金净流出2.47亿元，游资资金净流入3154.53万元，散户资 金净流入2.15亿元。装修装饰板块个股资金流向见下表： 证券之星消息，12月16日装修装饰板块较上一交易日下跌1.41%，*ST建艺领跌。当日上证指数报收于 3824.81，下跌1.11%。深证成指报收于12914.67，下跌1.51%。装修装饰板块个股涨跌见下表： ...

证券之星消息，12月15日装修装饰板块较上一交易日下跌0.01%，*ST建艺领跌。当日上证指数报收于 3867.92，下跌0.55%。深证成指报收于13112.09，下跌1.1%。装修装饰板块个股涨跌见下表： 从资金流向上来看，当日装修装饰板块主力资金净流出1.16亿元，游资资金净流入5117.83万元，散户资 金净流入6520.53万元。装修装饰板块个股资金流向见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 ...

从资金流向上来看，当日装修装饰板块主力资金净流出1.65亿元，游资资金净流入3439.04万元，散户资 金净流入1.31亿元。装修装饰板块个股资金流向见下表： 证券之星消息，12月12日装修装饰板块较上一交易日下跌0.4%，*ST建艺领跌。当日上证指数报收于 3889.35，上涨0.41%。深证成指报收于13258.33，上涨0.84%。装修装饰板块个股涨跌见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 ...