另外，在曾毅商业布局中，还有一些企业因内部管理、战略决策等多方面原因走向终结。例如，曾毅此前投资的深圳本业贸易公司，由于经营不善，在 2016 年面临高达 1.5 亿元的执行金额，曾毅需认缴 2200 万。2018 年，因未能按时认缴，被法院强制执行，这一事件对该公司运营产生了致命打击，最终导 致公司注销，投资化为泡影。 曾毅涉足商业领域由来已久，早年便积极布局。在他名下的企业中，涉及房地产开发、建筑工程、建材销售、水电能源等多个行业。例如，东源路桥房地产 开发有限公司、东源路桥建筑工程有限公司以及深圳毅鑫建材工程有限公司等，在各自领域均有过业务拓展尝试。其中，东源路桥房地产开发有限公司曾参 与当地部分房地产项目开发规划，试图在竞争激烈的房地产市场分得一杯羹；东源路桥建筑工程有限公司则承接各类建筑工程项目，从居民住宅到商业建 筑，业务范围较广。然而，随着市场环境变化以及行业竞争加剧，这些公司在经营过程中逐渐面临困境。房地产市场调控政策趋严，开发成本上升，销售周 期拉长，使得房地产开发公司利润空间被压缩，东源路桥房地产开发有限公司最终难以支撑，走向注销。建筑工程行业也面临原材料价格波动、人力成本上 升等问题，项 ...

Group 1 - The 2025 Xi'an Contemporary Design Week and Xi'an (Spring) Housing Expo will take place from May 23 to 25, focusing on high-quality development in the home furnishing and real estate sectors, under the theme "iHome" [2] - The event aims to serve homeowners, home decoration companies, designers, and consumers in Xi'an and surrounding areas, providing a one-stop industry platform for viewing properties, selecting materials, and exploring design trends [2] - Over 500 quality home furnishing brands will participate, alongside exhibitions of new materials and design-related activities, including joint exhibitions from 15 local universities and over 20 professional forums [2] Group 2 - The implementation of the national standard "Residential Project Specifications" establishes clear criteria for quality housing, supporting the concurrent 2025 Xi'an (Spring) Housing Expo [3] - The expo will feature over 100 brand real estate companies and well-known decoration firms, offering combined discounts for "home purchase + decoration" and special consumption subsidies [3] - The event will also host various activities, including the "618" Original City Home Decoration Festival and an automotive exhibition, enhancing consumer experience [3] Group 3 - The expo represents an innovative practice of the China Original City New Town's "3+365" business model, integrating offline property sales centers, design centers, and home furnishing selection centers with an online digital platform [3] - As a demonstration base for the western home furnishing industry, China Original City New Town aims to drive consumption potential and promote high-quality industry development through innovation [3]

分业务看，1）建材机械业务：受到行业需求周期性放缓及客户投资节奏调整等多重因素影响，该业务 整体业绩出现小幅下滑，但公司持续优化海外基地布局，设立巴西子公司并筹划越南子公司，我们判断 后续配件耗材业务有望加速拓展；2）海外建材销售：受益于玻璃业务的拓展及建筑陶瓷产品价格策略 的优化，海外建材业务营业收入同比实现大幅增长，毛利率同比亦有较好提升，但汇兑损失影响了净利 率，剔除汇兑影响后，该业务净利率有所提升，整体盈利能力增强。新产能方面，公司非洲科特迪瓦陶 瓷项目预计于25 年内投产，南美秘鲁玻璃项目正在稳步推进建设，预计于2026 年投产，投产后有望进 一步支撑收入增长；3）蓝科锂业：25Q1 蓝科锂业生产碳酸锂0.85 万吨，销售碳酸锂0.81 万吨，期末库 存0.15 万吨，实现营业收入5.28 亿元、净利润2.07 亿元，给科达贡献投资收益0.90 亿元，同比-10.4%， 占25Q1 科达制造整体归母净利润的比例较24Q1 同比下降6.3pct 至26.0%（22-24 年利润占比分别为 81.2%、61.8%、23.2%）。 毛利率有所提升，汇兑损失侵蚀了部分利润 25Q1 公司毛利率29.68%， ...