Group 1 - The cement sector experienced a decline of 0.42% on January 15, with Jinju Group leading the drop [1] - The Shanghai Composite Index closed at 4112.6, down 0.33%, while the Shenzhen Component Index closed at 14306.73, up 0.41% [1] - Key stocks in the cement sector showed varied performance, with Metal Grass East rising by 4.59% and Jinju Group declining significantly [1] Group 2 - The cement sector saw a net outflow of 300 million yuan from major funds, while retail investors contributed a net inflow of 245 million yuan [2] - Major funds showed a net inflow in stocks like Conch Cement, while other stocks like Jinju Group and Huaxin Cement experienced net outflows [3] - The trading volume and turnover for various cement stocks varied, with Conch Cement having a turnover of 583 million yuan [1][2]

Group 1 - The core point of the article highlights that Beijing Jinyu Group's trading volume reached 1.666 billion yuan, marking the highest level since January 5, 2018 [2] - The latest stock price of Beijing Jinyu Group decreased by 9.83%, with a turnover rate of 9.07% [2] - The previous trading day's total transaction volume for the stock was 1.665 billion yuan [2] Group 2 - Beijing Jinyu Group Co., Ltd. was established on December 22, 2005, with a registered capital of 10,677.77134 million yuan [2]

Group 1 - The stock price of Jinju Group (02009.HK) has dropped over 4%, currently trading at 0.83 HKD [1] - The trading volume reached 18.8795 million HKD [1]

Core Viewpoint - Jinyu Group (601992) reported significant expected losses for 2024 and 2025, leading to a decline in stock price by over 4% [1] Financial Performance - The company anticipates a net loss attributable to shareholders of 0.9 to 1.2 billion yuan for 2025, and a net loss excluding non-recurring items of 3.45 to 3.75 billion yuan [1] - For 2024, the expected net loss attributable to shareholders is approximately 0.555 billion yuan, with a net loss excluding non-recurring items around 2.859 billion yuan [1] Business Segments - The building materials and real estate sectors are currently experiencing an industry downturn, impacting overall performance [1] - The cement business has managed to turn a profit year-on-year through strategic optimization and cost reduction efforts [1] - The real estate segment is facing challenges due to weakened market demand and pressure on sales prices, adversely affecting operating profits [1]

Core Viewpoint - Jinyu Group (02009) is experiencing significant stock decline, with a drop of over 4%, currently trading at 0.83 HKD, amid announcements of expected substantial net losses for 2024 and 2025 [1] Financial Performance - The company anticipates a net loss attributable to shareholders of 0.9 to 1.2 billion HKD for the year 2025, and a net loss excluding non-recurring items of 3.45 to 3.75 billion HKD for the same year [1] - For 2024, the expected net loss attributable to shareholders is approximately 55.5 million HKD, with a net loss excluding non-recurring items around 285.9 million HKD [1] Business Segments - The building materials and real estate sectors are currently in a downward cycle, impacting overall performance [1] - The cement business has successfully optimized its strategic layout and implemented cost reduction and efficiency improvement measures, resulting in a year-on-year turnaround to profitability [1] - The real estate segment is facing challenges due to weakened market demand and pressured sales prices, adversely affecting operational profits [1]

Group 1 - On January 14, Jinju Group's stock rose by 9.86%, with a trading volume of 1.665 billion yuan. The margin trading data showed a financing purchase amount of 346 million yuan and a repayment of 349 million yuan, resulting in a net financing outflow of 3.4079 million yuan. As of January 14, the total margin trading balance was 449 million yuan [1] - The financing balance of Jinju Group on January 14 was 447 million yuan, accounting for 2.29% of the circulating market value. This financing balance is above the 90th percentile level over the past year, indicating a high level [1] - On the same day, Jinju Group had a short selling repayment of 62,200 shares and a short selling amount of 89,600 shares, with a selling amount of 209,700 yuan based on the closing price. The remaining short selling volume was 726,600 shares, with a short selling balance of 1.7002 million yuan, also above the 80th percentile level over the past year [1] Group 2 - Jinju Group, established on December 22, 2005, and listed on March 1, 2011, is primarily engaged in cement and ready-mixed concrete, new building materials, trade logistics, real estate development, and property investment and management. The revenue composition includes 52.18% from bulk commodity trading, 31.69% from product sales, 7.68% from housing sales, and other sources [2] - As of September 30, 2025, Jinju Group reported a total revenue of 69.489 billion yuan, a year-on-year decrease of 9.80%, and a net profit attributable to shareholders of -1.425 billion yuan, a year-on-year decrease of 226.44% [2] - Since its A-share listing, Jinju Group has distributed a total of 7.825 billion yuan in dividends, with 1.516 billion yuan distributed over the past three years. As of September 30, 2025, the top ten circulating shareholders included Hong Kong Central Clearing Limited, which increased its holdings by 14.2476 million shares [3]

Core Viewpoint - Beijing Jinyu Group Co., Ltd. announced a projected net loss for the year 2025, estimating a net profit attributable to shareholders between -900 million and -1.2 billion yuan, and a net profit excluding non-recurring gains and losses between -3.45 billion and -3.75 billion yuan [1] Group 1: Financial Performance - The company expects a significant decline in net profit for 2025 due to the downturn in the construction materials and real estate sectors [1] - The cement business has managed to turn a profit year-on-year through strategic optimization and cost reduction efforts [1] - The real estate sector is facing challenges with weakened demand and pressured sales prices, negatively impacting operating profits [1] Group 2: Leadership Information - The chairman of the company is Jiang Yingwu, born in October 1966, with a background in inorganic materials science and engineering [1] - Jiang Yingwu has held various positions within the company, including roles in strategic development and management [1] Group 3: Executive Compensation - Jiang Yingwu's compensation from 2021 to 2024 shows a decline, with figures of 1.467 million, 893,800, 818,900, and 828,400 yuan respectively, indicating a slight increase in 2024 [2]

Core Viewpoint - Beijing Jinyu Group Co., Ltd. is expected to report a significant net loss for the fiscal year 2025, with preliminary estimates indicating a net profit attributable to shareholders ranging from -900 million to -1.2 billion yuan [2][4]. Group 1: Performance Forecast - The performance forecast period is from January 1, 2025, to December 31, 2025 [3]. - The estimated net profit attributable to shareholders is projected to be between -900 million and -1.2 billion yuan [4]. - The estimated net profit after deducting non-recurring gains and losses is projected to be between -3.45 billion and -3.75 billion yuan [4]. Group 2: Previous Year Performance - In the same period last year, the net profit attributable to shareholders was -55.516 million yuan, and the net profit after deducting non-recurring gains and losses was -285.939 million yuan [5]. Group 3: Reasons for Performance Change - The company's building materials and real estate businesses are currently in a down cycle, impacting overall performance [7]. - The cement business has improved, achieving profitability through strategic optimization and cost reduction efforts [7]. - The real estate sector is facing weakened demand and pressured sales prices, adversely affecting operating profits [7]. Group 4: Other Remarks - The cement business has seen significant cost reductions and improved operational management, leading to a turnaround in profitability [8]. - The company is focusing on technological innovation and the development of new materials, with successful applications in major projects [8]. - The real estate business is prioritizing profit stability and cash flow management, but some projects have not met sales price expectations, leading to a temporary decline in gross margins [9].

Core Viewpoint - The article discusses the adjustment of the Wanfu convertible bond, highlighting its implications for investors and the market dynamics surrounding convertible bonds [1]. Group 1: Convertible Bond Adjustments - Wanfu convertible bond (code: 123064) has announced an adjustment, with the announcement date set for January 14, 2026 [2]. - The adjustment is part of a broader trend in the convertible bond market, where issuers are modifying terms to enhance attractiveness to investors [1]. Group 2: Market Data on Convertible Bonds - Various convertible bonds are listed with their current prices, redemption prices, last trading dates, last conversion dates, conversion values, remaining scales, and the proportion of convertible bonds to the underlying stocks [4][6]. - For instance, the Kai Sheng convertible bond (code: 123233) has a current price of 141.461, a redemption price of 100.100, and a conversion value of 141.58, with a remaining scale of 0.007 billion [4]. - The Liu Yao convertible bond (code: 113563) has a current price of 107.926, a redemption price of 108.000, and a conversion value of 87.77, with a remaining scale of 8.010 billion [6]. Group 3: Company Earnings Forecasts - Companies such as Shanhe Pharmaceutical and Jinyu Jidong have provided earnings forecasts for 2025, with Shanhe expecting a profit of 165 million to 194 million, representing a year-on-year growth of 38.16% to 62.45% [8]. - Jinyu Jidong anticipates a profit of 180 million to 260 million for the same period [8].

证券日报网讯 1月14日，金隅集团发布公告称，公司预计2025年度实现归属于上市公司股东的净利润 为-90，000万至-120，000万元之间，上年同期为-55，516万元。 （文章来源：证券日报） ...