格隆汇10月2日丨鼎石资本(00804.HK)发布公告，2025年9月30日，公司(作为买方)与卖方(即Joint System Limited，一间于英属维尔京群岛注册成立的有限公司)订立协议，据此，公司有条件同意购买而卖方有 条件同意出售销售股份(即目标公司全部已发行股份)，代价为4000万港元，该代价将透过发行及配发 1398.60万股代价股份予以支付，每股代价股份发行价为2.86港元。 目标公司(即Jumbo Company Limited)为于英属处女群岛注册成立的有限责任公司，并由卖方全资拥有。 目标集团主要于中国从事不良资产处置业务。 ...

建议收购事项符合本集团既定策略，旨在透过建立与中国内地不良资产处置基础设施及客户网络的连 结，加速进军不良资产生态系统。与此同时，本公司计划在香港建立不良资产拍卖平台，使潜在香港客 户(包括律师事务所、银行及证券公司)能透过本集团管理及处置香港与中国大陆的不良资产。本集团亦 拟提供资产调查及定位等中国大陆辅助服务，以支援跨境追偿。 鉴于不良资产市场存在庞大商机，董事会认为建议收购案将成为本集团拓展不良资产处置业务的基石， 使本集团得以：加速进入市场;发挥香港与中国大陆客户开发及服务的协同效应;多元化收入来源;及提升 长期股东价值。董事认为，该协议条款属正常商业条款，属公平合理，并符合本公司及其股东的整体利 益。 假设本公司于本公告日期与完成日期之间的已发行股本并无变动，将予配发及发行的全数缴足的代价股 份(即1398.6万股新股份)将占本公司于本公告日期的已发行股本约 18.67%，以及占经配发及发行代价股 份扩大后的本公司已发行股本约22.96%。 在拓展核心业务的同时，本集团正积极进军不良资产处置市场。本集团计划于亚洲建立不良资产处置拍 卖平台，并正评估该领域的其他发展机会，以进一步多元化收入来源。 为强 ...

2025年9月，国内不良资产数字治理平台"赚多啦"正式宣布完成B轮融资，融资金额达4800万元人民 币，由都会金融香港有限公司与環球（香港）资本有限公司联合领投。揽虹有限公司作为战略合作伙伴 再度加持，在机制联动、资源整合、政策协同等方面提供全方位支持。本轮融资不仅强化了赚多啦的资 本基础，更为其加速全国布局、深化系统治理、推进平台化生态构建提供了强有力的战略支撑，也标志 着数字化不良资产治理平台在中国特殊资产市场迈出了关键一步。 作为一家专注于不良资产全流程数字治理的平台型企业，赚多啦自创立以来便聚焦解决行业的核心痛 点，包括资产供需信息不对称、交易链条冗长低效、合规操作滞后、执行机制分散等问题。平台通过构 建数据驱动的撮合引擎、标准化交易模板、合规协同路径与多角色参与机制，为资产方、资金方、服务 方、清收机构及司法系统之间搭建了高效、透明、可溯的流通通道，实现了不良资产交易从"资源撮 合"向"治理平台"的转型。 本轮融资的两大领投机构——都会金融香港有限公司与環球资本，是在亚洲不良资产及结构性机会投资 领域具有深厚布局的机构投资者。都会金融香港在特殊资产收购、处置、基金管理与境内外政策协同方 面经验丰富， ...

2025栗行资产运营大会将于2025年9月18日在北京举办。本次大会由北京丽泽金融商务区管理委员会指导，火栗网和须弥数科 联合主办；会议聚焦个贷不良资产，以"科技赋能产业 生态链接未来"为主题，邀请30余位行业专家就下列四个关键字进行研 讨。 市场：业内人士眼中的个贷不良资产市场及趋势； 科技：数智驱动 生态协同 重塑个贷不良新价值； 生态：不同利益出发点与视角的行业生态建设与诉求 会议概况 指导单位：北京丽泽金融商务区管理委员会 主办单位：北京火栗网科技有限公司、浙江须弥数字科技有限公司 协办单位： 北京银杉树科技有限公司、浙江爱签数字科技有限公司 举办日期：2025年9月18日（周四） 大会地址：中国·北京厦航嘉年华酒店 议程议题 | 时间 内容 | | | --- | --- | | 8:30-9:00 | 参会签到 | | 9:00-9:25 | 领导致辞 | | 9:25-9:45 | 主题发言 | | | 个贷不良资产市场情况分析与趋势展望 | | 9:45-10:05 | 主题发言 | | | 数智驱动、生态协同,重塑个贷不良新价值 | | 10:05-10:25 | 主题发言 | | | 高质 ...

Core Insights - The Chengdu-Chongqing region is rapidly emerging as the fourth economic growth pole in China, with a total economic output exceeding 8 trillion yuan, creating vast opportunities for special asset investments [2] - The Second Chengdu-Chongqing Special Asset Investment Forum aims to gather government, financial institutions, investment firms, and industry experts to discuss policy interpretation, market trends, and investment strategies [2] - The forum will take place on September 12-13, 2025, in Chengdu, with an expected attendance of 500 participants [2] Event Details - The forum's theme is "Reshaping Value, Turning Stone into Gold," focusing on the construction of a special asset ecosystem [2] - The event is organized by various associations and institutions, including the Sichuan Bankruptcy Management Association and JD Asset Trading Platform [2] - The agenda includes discussions on the current economic cycle, bankruptcy restructuring, innovative paths for asset management companies (AMCs), and the role of AI in the development of the special asset market [2][3] Agenda Highlights - The morning session on September 12 will cover topics such as the current investment market for special assets and practical sharing on asset disposal [2][3] - The afternoon session will feature discussions on restructuring investments, the global context of bankruptcy investments, and strategies for revitalizing distressed real estate [3] - Specialized training sessions on September 13 will address the disposal and revitalization of mineral and industrial real estate assets [3] Participants and Stakeholders - The forum will include a diverse range of participants, such as government officials, financial regulators, banks, asset management companies, and legal firms [4] - Notable invited guests include leaders from various financial and legal institutions, enhancing the forum's credibility and networking potential [4]

Core Viewpoint - Haide Co., Ltd. reported a significant decline in net profit and revenue for the first half of 2025, indicating challenges in its business operations and financial performance [1]. Financial Performance Summary - The total operating revenue for the first half of 2025 was 337 million yuan, a decrease of 42.81% compared to 590 million yuan in the same period of 2024 [1]. - The net profit attributable to shareholders was 147 million yuan, down 61.11% from 378 million yuan year-on-year [1]. - The second quarter of 2025 saw an operating revenue of 117 million yuan, a decline of 52.36% year-on-year, with a net profit of approximately 50 million yuan, down 65.47% [1]. - The gross profit margin was 99.14%, a slight decrease of 0.17% year-on-year, while the net profit margin fell to 42.86%, down 31.58% [1]. - Earnings per share decreased to 0.08 yuan, a drop of 61.12% compared to 0.19 yuan in the previous year [1]. Key Financial Metrics - Cash and cash equivalents increased by 98.12% to 154 million yuan due to improved collections from non-performing assets [2]. - Accounts receivable decreased significantly by 87.81% to 44 million yuan, indicating better cash flow management [2]. - The company’s total liabilities decreased by 23.18% to 2.796 billion yuan, reflecting a reduction in interest-bearing debt [2]. - The operating costs fell by 28.99%, attributed to a decrease in costs associated with individual loan disposals [3]. Cash Flow Analysis - Operating cash flow per share increased dramatically by 1870.33% to 0.46 yuan, driven by intensified collection efforts [6]. - The net increase in cash and cash equivalents was up 123.35%, primarily due to increased net collections from non-performing assets [9]. Investment and Debt Management - Long-term borrowings decreased by 27.47% as the company repaid some of its long-term debts [2]. - The company’s return on invested capital (ROIC) was reported at 6.41%, indicating average capital returns [10]. - The company has faced challenges with its business model, having recorded three years of losses since its listing [10].

Group 1 - The core point of the article is that Haide Co., Ltd. announced the convening of its 15th meeting of the 10th board of directors on August 25, 2025, to review the company's 2025 semi-annual report and other documents [1] - For the year 2024, Haide Co., Ltd.'s revenue composition is as follows: 90.63% from the financial sector - non-performing asset disposal, 7.43% from other businesses, and 1.93% from financial technology services [1] - As of the report date, Haide Co., Ltd. has a market capitalization of 13.3 billion yuan [1]

Core Viewpoint - The recent financing round of 21 million RMB for the company "赚多啦" signifies a strategic move towards enhancing its capabilities in the management and disposal of non-performing assets, emphasizing the need for standardized and scenario-based approaches in the current market environment [1][9]. Financing and Strategic Partnerships - The financing round was led by 都会金融, with support from 信联商会 and strategic investment from 揽虹有限公司, creating a collaborative force in funding, regional resources, and governance systems for the company's national expansion and refined operations [1][4]. - 揽虹有限公司, a subsidiary of 国友不良资产处置有限公司, is expected to enhance project execution certainty due to its familiarity with local governance structures and judicial execution ecosystems [1][4]. Integrated Solutions Offered - The company provides a comprehensive solution covering asset acquisition, due diligence, value assessment, disposal and restructuring, judicial execution, and exit strategies, targeting various asset types including credit card debts, mortgage defaults, and bankruptcy projects [3]. - A multi-dimensional evaluation method is established based on recoverability, legal status, information completeness, and potential industrial engagement, allowing for differentiated pathways for asset management [3]. Operational Focus and Investment Directions - The company plans to invest in four key areas: upgrading its asset lifecycle management platform, establishing regional operational networks in major economic zones, strengthening its talent pool, and enhancing its collaborative ecosystem with legal and financial partners [5][9]. - The operational network will focus on proximity to facilitate quicker asset discovery, due diligence, and disposal processes [5]. Governance and Compliance Mechanisms - A closed-loop mechanism will be implemented to strengthen internal controls, including strict exclusion criteria during project initiation and cross-verification during execution [7]. - The company emphasizes transparency and accountability through clear project milestones and compliance checks, ensuring that recovery rates and cash flow distributions are closely monitored [7]. Methodological Approach - The company will pursue a dual approach of "standardized product lines" for small, short-term assets and "value restoration lines" for complex assets, ensuring both cash flow stability and profit margin enhancement [8]. - The collaboration model among 信联商会, 都会金融, and 揽虹有限公司 aims to create a more efficient industry network, where capital provides resilience, industry offers value, and regional support ensures speed [8]. Future Outlook - The management indicates that this financing marks a pivotal point towards achieving quality, speed, and compliance, with plans to stabilize regional hubs, standardize ecological interfaces, and explore innovative exit strategies over the next three years [9]. - The company aims to enhance its governance standards and organizational capabilities while fostering open ecological cooperation to drive business upgrades and deliver sustainable long-term returns for investors and partners [9].

Group 1 - The core point of the article is the establishment of a joint venture between Chengdu Deshang Fengzhi Technology Co., Ltd. and Guangzhou Fanghua Property Management Co., Ltd. to engage in the non-performing asset sector [1] - The joint venture will have a registered capital of RMB 1 million, with Deshang Fengzhi holding 65% and Fanghua holding 35% of the equity [1] - The collaboration aims to explore market opportunities in the non-performing asset sector, enhancing both parties' market competitiveness and expanding business scale [1] Group 2 - The agreement aligns with the strategic development directions of both companies, promoting mutual benefits and commercial goals [1] - The terms of the joint venture agreement are considered fair and reasonable, serving the overall interests of the company and its shareholders [1]

通过成立合资企业，德商风知及广州方华将共同拓展不良资产等相关领域的市场机遇，积极参与具备潜 力的不良资产项目。本次合作符合双方的战略发展方向，有助于提升双方的市场竞争力，扩大业务规 模，实现互利共赢的商业目标。综上所述，公司认为，合资协议的条款及其项下拟进行的交易乃按正常 商业条款进行，属公平合理，且符合公司及股东的整体利益。 智通财经APP讯，德商产投服务(02270)公布，于2025年8月5日，公司间接全资附属公司成都德商风知科 技有限公司(德商风知)与广州方华房产经营管理有限公司(广州方华)订立合资协议，内容有关(其中包括) 成立合资企业。合资企业将主要从事不良资产领域相关业务。于成立时，合资企业注册资本为人民币 100万元，将由德商风知及广州方华分别持有65%和35%的股权。德商风知和广州方华将于可行情况下 尽快成立合资企业。 ...