Core Viewpoint - In the 2025 annual performance forecast disclosure for A-share listed companies, nearly half of the 2957 companies are expected to report losses, indicating a significant downturn in various sectors, particularly in real estate [5][6]. Group 1: Overall Performance Forecast - A total of 2957 A-share listed companies disclosed their performance forecasts, with 623 companies expecting profit increases and 378 expecting profit decreases [5][6]. - Among the companies, 1442 are expected to incur losses, accounting for 49% of those disclosing forecasts, while 1863 companies (63%) are either expecting losses or profit reductions [6]. - The provinces with the highest number of companies forecasting losses include Guangdong (257), Beijing (172), and Jiangsu (160) [7]. Group 2: Provincial Distribution of Losses - Hainan province has the highest loss ratio, with 44.44% of its companies (12 out of 27) expecting losses [9]. - Jilin and Qinghai follow with loss ratios of 41.67% and 40%, respectively [9]. - Other provinces with significant loss ratios include Liaoning (39.29%) and Xinjiang (37.10%) [9]. Group 3: Industry-Specific Losses - The IT services and software development sectors have the highest number of companies forecasting losses, with 60 companies each, followed by the real estate sector with 54 companies [11]. - Vanke A is identified as the "loss king" of A-shares, expecting a net profit loss of approximately 82 billion yuan due to declining project settlement scales and increased business risks [11][12]. - Other notable companies with high expected losses include China Fortune Land Development (160-240 billion yuan) and Greenland Holdings (160-190 billion yuan), both from the real estate sector [12]. Group 4: Notable Losses in Other Sectors - The retail sector's "loss king" is Meikailong, expecting a net profit loss between 150 billion and 225 billion yuan, primarily due to losses in investment properties [13]. - In the home appliance sector, Shenkangjia A anticipates a loss of 125.81 billion to 155.73 billion yuan, driven by increased impairment provisions and declining sales [13]. - The vaccine industry is also facing challenges, with Zhifei Biological Products forecasting a loss of 106.98 billion to 137.26 billion yuan due to decreased public willingness to receive vaccinations [13].

Core Viewpoint - Nearly half of the A-share listed companies are expected to report losses for the 2025 fiscal year, with significant regional and industry disparities in the distribution of these losses [2][3]. Group 1: Regional Distribution of Losses - A total of 2,957 A-share companies disclosed their performance forecasts, with 1,442 companies expected to incur losses, representing 49% of the total [3]. - Hainan, Jilin, and Qinghai have the highest proportions of companies forecasting losses, exceeding 40%, with Hainan at 44.44% [4][5]. - Guangdong has the highest number of loss-making companies at 257, followed by Beijing (172), Jiangsu (160), and Zhejiang (133) [4]. Group 2: Industry Analysis - The real estate sector is the most affected, producing the highest number of loss-making companies, including the "loss king" Vanke A, which is expected to report a loss of approximately 82 billion yuan [7][8]. - Other industries with significant losses include IT services, semiconductors, and chemical pharmaceuticals, with 60, 50, and 40-50 companies respectively forecasting losses [7]. - The top ten companies with the highest expected losses include five from the real estate sector, with notable losses from China Fortune Land Development and Greenland Holdings [7][8]. Group 3: Specific Company Losses - Vanke A's losses are attributed to a significant decline in project settlement scale and increased business risks, leading to credit and asset impairment provisions [7]. - Other major loss-makers include China Fortune Land Development, expected to lose between 16 billion to 24 billion yuan, and Greenland Holdings, with losses projected between 16 billion to 19 billion yuan [8]. - In the retail sector, M.K. Home is expected to report losses of 15 billion to 22.5 billion yuan due to investment property valuation losses [8]. - Semiconductor company Wentech Technology anticipates losses of 9 billion to 13.5 billion yuan, primarily due to significant investment losses and asset impairments [9].

Group 1 - On February 2, Meikailong's stock fell by 2.27%, with a trading volume of 55.11 million yuan [1] - The financing data shows that on the same day, Meikailong had a financing purchase amount of 5.64 million yuan and a net financing purchase of 3.03 million yuan, with a total financing and securities balance of 229 million yuan [1] - The current financing balance of 229 million yuan accounts for 2.45% of the circulating market value, indicating a high level compared to the past year [1] Group 2 - As of September 30, Meikailong had 53,900 shareholders, a decrease of 3.86% from the previous period, with an average of 0 circulating shares per person [2] - For the period from January to September 2025, Meikailong reported an operating income of 4.969 billion yuan, a year-on-year decrease of 18.62%, and a net profit attributable to shareholders of -3.143 billion yuan, a decrease of 66.55% [2] - Since its A-share listing, Meikailong has distributed a total of 3.901 billion yuan in dividends, with 348 million yuan distributed in the last three years [2]

| 股份代號: | 01528 | | --- | --- | | 上市法國名稱: | 紅星美凱龍家居集團股份有限公司 - H股 | | 日期(日 / 月 / 年): | 29/12/2025 - 29/01/2026 | 格隆汇1月29日丨根据联交所最新权益披露资料显示，2026年1月27日，红星美凯龙(01528.HK)获仁桥(北京)资产管理有限公司在场内以每股均价1.27港元增 持191.84万股，涉资约243.64万港元。 增持后，仁桥(北京)资产管理有限公司最新持股数目为5233.5万股，持股比例由6.80%上升至7.06%。 | 表格序號 | 大股東/董事/最高行政人員名 作出披露的 買入 / 賣出或涉及的 每股的平均價 | | 持有權益的股份數目 佔已發行的有關事件的日 相關法 | | --- | --- | --- | --- | | | 股分數目 | | ( 請參閱上述 * 註 有投票權股 期 (日 / 月 / 權益 | | | | | 份自分期 163 | | CS20260129E00019 | 仁桥(北京)资产管理有限公 1101(L) HKD 1.2700 | 1.918.400(L ...

智通财经APP获悉，香港联交所最新数据显示，1月27日，仁桥(北京)资产管理有限公司增持红星美凯龙 (01528)191.84万股，每股作价1.27港元，总金额约为243.64万港元。增持后最新持股数目为5233.5万 股，最新持股比例为7.06%。 ...

董事会亦同意聘任曹先生接替杨映武(杨先生)担任联交所电子呈交系统(ESS) 获授权人士。 智通财经APP讯，红星美凯龙(01528)发布公告，曹澍先生(曹先生)已获委任为公司董事会秘书、联席公 司秘书及授权代表，自2026年1月29日起生效，其任期与第五届董事会任期一致。委任生效后，李玉鹏 (李先生)将不再代行董事会秘书职责，以及不再出任授权代表职务。曹先生则将与杨先生共同担任公司 授权代表职务。 于曹先生获委任后，公司现任公司秘书欧正女士(欧女士)将继续留任，并担任另一名联席公司秘书。彼 将协助曹先生履行其联席公司秘书职责。 ...

格隆汇1月29日丨红星美凯龙(01528.HK)宣布，曹澍已获委任为公司董事会秘书、联席公司秘书及授权 代表，自2026年1月29日起生效，其任期与第五届董事会任期一致。 ...

于曹先生获委任后，公司现任公司秘书欧正女士(欧女士)将继续留任，并担任另一名联席公司秘书。彼 将协助曹先生履行其联席公司秘书职责。 红星美凯龙（601828）(01528)发布公告，曹澍先生(曹先生)已获委任为公司董事会秘书、联席公司秘书 及授权代表，自2026年1月29日起生效，其任期与第五届董事会任期一致。委任生效后，李玉鹏(李先 生)将不再代行董事会秘书职责，以及不再出任授权代表职务。曹先生则将与杨先生共同担任公司授权 代表职务。 董事会亦同意聘任曹先生接替杨映武(杨先生)担任联交所电子呈交系统(ESS)获授权人士。 ...

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 的 內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全 部 或 任 何 部 分 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 Red Star Macalline Group Corporation Ltd. 紅星美凱龍家居集團股份有限公司 （一 家 於 中 華 人 民 共 和 國 註 冊 成 立 的 中 外 合 資 股 份 有 限 公 司） （股 份 代 號：1528） 委 任 董 事 會 秘 書、聯 席 公 司 秘 書 及 變 更 授 權 代 表； 及 豁免嚴格遵守《上 市 規 則》第3.28條及第8.17條 茲提述紅星美凱龍家居集團股份有限公司（「本公司」）日期為2025年 9月15日 的 公 告，內 容 有 關（其 中 包 括）本公司董事（「董 事」）會（「董 事 會」）董事長兼執行董事李玉鵬先生（「李先生」）獲委任與楊映武先生 （「楊先 ...

红星美凯龙家居集团股份有限公司 证券代码：601828 证券简称：美凯龙 公告编号：2026-006 红星美凯龙家居集团股份有限公司 关于公司聘任董事会秘书及授权代表的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 传真号码：021-52820272 1 红星美凯龙家居集团股份有限公司 联系邮箱：ir@chinaredstar.com 红星美凯龙家居集团股份有限公司（以下简称"公司"）于 2026 年 1 月 29 日召开了第五届董事会第五十三次临时会议，审议通过了《关于聘任公司董事会 秘书（联席公司秘书）、公司授权代表的议案》，经公司董事会提名委员会审核通 过，同意聘任曹澍先生（简历附后）为公司董事会秘书（联席公司秘书），任期 与第五届董事会任期一致；同意聘任曹澍先生担任香港联合交易所有限公司电子 呈交系统（ESS）获授权人士。 此外，公司董事长李玉鹏先生申请辞去《香港联交所上市规则》（以下简称 "《上市规则》"）第 3.05 条所规定的公司授权代表职务，根据《上市规则》的相 关规定，经公司董事会审议通过，同意公司聘任 ...