登录新浪财经APP 搜索【信披】查看更多考评等级 一、股票交易异常波动的情况介绍 北京中迪投资股份有限公司（以下简称"公司、中迪投资"）股票（股票代码：000609，证券简称：ST中迪（维 权））于2025年12月22日、12月23日、12月24日连续3个交易日收盘价格跌幅偏离值累计达到-12.54%，根据《深 圳证券交易所交易规则》的有关规定，属于股票交易异常波动的情况。 二、公司核实情况说明 针对公司股票异常波动，公司对有关事项进行了核查，说明如下： 1、公司前期披露的信息不存在需要更正、补充之处。 2、公司未发现近期公共传媒报道可能或已经对本公司股票交易价格产生较大影响的未公开重大信息。 3、近期公司经营情况正常，内外部经营环境未发生重大变化。 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导性陈述或重大遗漏。 4、2025年10月10日，公司在指定信息披露媒体上发布了《关于控股股东所持股份将被第二次司法拍卖的提示性公 告》，经公司查询获悉，成渝金融法院将于2025年10月16日10:00时起至2025年10月17日10:00时止（即24小时，延 时除外）在成渝金融法院"阿里资产 ...

Core Viewpoint - ST Zhongdi (000609) reported a significant decline in financial performance for the first half of 2025, with total revenue dropping by 52.39% year-on-year and a net loss of 84.84 million yuan, indicating ongoing operational challenges and increased financial burdens [1] Financial Performance Summary - Total revenue for the reporting period was 134 million yuan, a decrease of 52.39% year-on-year [1] - Net profit attributable to shareholders was -84.84 million yuan, down 13.53% year-on-year [1] - Gross margin was 0.1%, a decline of 89.85% year-on-year, while net margin was -63.36%, down 138.48% year-on-year [1] - Total expenses (selling, administrative, and financial) reached 80.62 million yuan, accounting for 60.21% of total revenue, an increase of 160.28% year-on-year [1] - Earnings per share were -0.28 yuan, a decrease of 12.0% year-on-year [1] Changes in Financial Items - Contract liabilities decreased by 18.93% due to the completion and delivery of certain projects, leading to revenue recognition [2] - Long-term borrowings decreased by 100% as they were reclassified to current liabilities [2] - Other payables increased by 25.45% due to overdue interest on loans [2] - Revenue and cost of goods sold both decreased by 52.39% and 51.99% respectively, attributed to reduced project completions [2] Cash Flow and Financial Health - Net cash flow from operating activities decreased by 48.24%, primarily due to increased payments for construction [4] - Net cash flow from investing activities dropped by 99.03%, with no significant investment recoveries during the period [4] - Net cash flow from financing activities increased by 97.21%, reflecting higher financial support from related companies [4] Business Evaluation - The company's historical return on invested capital (ROIC) has been poor, with a median of -5.28% over the past decade and a worst year ROIC of -15.13% in 2021 [4] - The company has reported losses in 6 out of 28 annual reports since its listing, indicating a challenging financial history [4] Financial Health Indicators - Cash flow situation is concerning, with cash and cash equivalents to current liabilities at only 4.33% [5] - Debt situation is critical, with interest-bearing debt ratio at 37.11% and total interest-bearing liabilities to average operating cash flow at 20.68% [5] - Financial expenses are high, with financial expenses to average operating cash flow at 328.9% [5] - Inventory levels are excessive, with inventory to revenue ratio at 522.29% [5]

Core Viewpoint - ST Zhongdi Investment Co., Ltd. reported a significant decline in revenue and a net loss for the first half of 2025, while focusing on real estate development and exploring new investment opportunities [1] Financial Performance - The company achieved an operating revenue of 134 million yuan, a year-on-year decrease of 52.39% [1] - The net profit attributable to shareholders was a loss of 84.8467 million yuan [1] Business Operations - The company has removed the delisting risk warning, thereby reducing operational risks [1] - The focus remains on advancing real estate projects and seeking new investment opportunities [1] Real Estate Projects - The "Zhongdi Huaxi Yue" project has been completed, with efforts to accelerate the sale of commercial spaces and parking to improve cash flow [1] - The "Zhongdi Suidingfu" project completed the delivery of some buildings in the first half of the year, with plans for ongoing construction and sales [1] - The "Liangjiang Zhongdi Plaza" project is actively working on resolving debt risks through negotiations with creditors [1] Investment Strategy - The board and management are prioritizing new business investments while expanding the scope of potential investments that align with sustainable development [1]

Core Viewpoint - Zhongdi Investment has experienced a significant stock price increase despite facing severe financial challenges, including a drastic decline in revenue and substantial debt obligations [1][3]. Financial Performance - For the first half of 2023, Zhongdi Investment reported a revenue of 771,900 yuan, a year-on-year decrease of 99.81% [2][3]. - The company incurred a net loss of 49 million yuan, although this loss was reduced compared to the same period last year [1][2]. - In Q1 2023, the revenue was 762,000 yuan, while Q2 revenue fell to 9,798 yuan, indicating a significant drop in performance [1][2]. Project Status - Zhongdi Investment's revenue is primarily derived from three real estate projects located in Sichuan and Chongqing, which are currently not generating significant income due to pre-sale properties not meeting delivery conditions [2][3]. - The "Zhongdi Huaxi Yue" project has a cumulative settlement area of 169,363.2 square meters and a pre-sale area of 232,972.05 square meters, indicating a near balance between pre-sale and available saleable area [2][3]. - The "Zhongdi Suidingfu" project has a saleable area of 239,696.01 square meters, with a cumulative settlement area of only 37,413.57 square meters [2][3]. Debt Situation - As of mid-2023, Zhongdi Investment reported total liabilities of 1.748 billion yuan and a debt-to-asset ratio of 76.98% [3][4]. - The company has 415 million yuan in accounts payable and 622 million yuan in current non-current liabilities, while cash and cash equivalents amount to only 42 million yuan [3][4]. - The company faces significant short-term repayment pressure, as available cash does not cover debts due within one year [3][4]. Debt Management Strategies - To alleviate debt risks, Zhongdi Investment has extended the loan term with Sanxia Bank to May 2024 and reduced the annual interest rate to 7% [4]. - The company is also seeking financial assistance from related parties, with Sichuan Saiyin Enterprise Management Co., Ltd. offering up to 30 million yuan in financial support at a rate 10% above the market loan rate [4].