Core Viewpoint - The company is facing significant financial difficulties, including a continuous decline in net profit and the risk of delisting due to ongoing restructuring efforts and regulatory warnings [4][5][11]. Group 1: Stock Trading Anomalies - The company's stock has experienced abnormal trading fluctuations, with a cumulative closing price deviation exceeding 12% over three consecutive trading days (November 12, 13, and 14, 2025) [7]. - The Shenzhen Stock Exchange has implemented a "delisting risk warning" for the company's stock due to a court ruling that has placed the company into restructuring [11]. Group 2: Financial Performance - The company reported negative net profits for the years 2022, 2023, and 2024, amounting to -4.38 million, -672.53 million, and -1.80 billion yuan respectively, indicating a deteriorating financial situation [4][13]. - The company’s third-quarter report for 2025 showed a net profit of -506.07 million yuan, with a net profit excluding non-recurring losses of -491.56 million yuan, suggesting further risks to its financial stability [9][10]. Group 3: Regulatory Warnings - The company has been subject to multiple risk warnings, including a warning due to the freezing of its main bank accounts in February 2024, which led to its stock being designated as "ST Zhongzhuang" with a daily trading limit of 5% [12]. - An administrative penalty notice was issued by the Shenzhen Securities Regulatory Bureau in March 2025, indicating false disclosures in financial reports from 2017 to 2021, which resulted in additional risk warnings for the stock [12][14]. Group 4: Restructuring and Future Risks - The company is undergoing a restructuring process aimed at alleviating debt risks and improving its financial structure; however, failure in this process could lead to bankruptcy and delisting [5][11]. - The successful implementation of the restructuring plan is critical for the company's recovery and future operational viability [5].

| 证券代码：002822 | 证券简称：*ST 中装 | 公告编号：2025-142 | | --- | --- | --- | | 债券代码：127033 | 债券简称：中装转2 | | 深圳市中装建设集团股份有限公司 股票交易异常波动暨风险提示公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏。 重大风险提示： 1、公司股价异常波动 深圳市中装建设集团股份有限公司（以下简称"公司"）股票已连续3个交 易日（2025年11月12日、11月13日、11月14日）收盘价格涨幅偏离值累计超过12%， 根据《深圳证券交易所交易规则》的有关规定，公司股票交易属于异常波动情形。 2、公司股票交易被实施退市风险警示 法院已裁定公司进入重整程序。根据《深圳证券交易所股票上市规则》（2025 年修订）第9.4.1条相关规定，深圳证券交易所已对公司股票交易实施"退市风险 警示"。虽然法院正式受理重整申请，后续仍然存在因重整失败而被宣告破产并 被实施破产清算的风险。如果公司因重整失败而被宣告破产，则根据《深圳证券 交易所股票上市规则》（2025年修订）第9.4.18条相关规定，公司 ...

Core Insights - The decoration and renovation sector saw a slight increase of 0.28% on November 12, with *ST Baoying leading the gains [1] - The Shanghai Composite Index closed at 4000.14, down 0.07%, while the Shenzhen Component Index closed at 13240.62, down 0.36% [1] Stock Performance - *ST Baoying (002047) closed at 3.76, up 5.03% with a trading volume of 799,000 shares and a turnover of 291 million yuan [1] - Other notable gainers included *ST Dongyi (002713) at 16.82, up 4.99%, and *ST Mingjia (300506) at 5.42, up 4.43% [1] - Conversely, *ST Jianyi (002789) fell 5.03% to 11.33, with a trading volume of 72,000 shares [2] Capital Flow - The decoration and renovation sector experienced a net outflow of 145 million yuan from institutional investors, while retail investors saw a net inflow of 187 million yuan [2][3] - Major stocks like Quanzhu Co. (603030) had a net inflow of 41.13 million yuan from institutional investors, while *ST Baoying had a net inflow of 22.31 million yuan [3]

中证鹏元资信评估股份有限公司 中证鹏元公告【2025】534 号 中证鹏元关于关注深圳市中装建设集团股份有限公司 2025 年三季度业绩亏损事项的公告 中证鹏元资信评估股份有限公司（以下简称"中证鹏元"）对深 圳市中装建设集团股份有限公司（以下简称"中装建设"或"公司"， 股票代码：002822.SZ）及其发行的下述债券开展评级。除评级委托 关系外，中证鹏元及评级从业人员与公司不存在任何足以影响评级行 为独立、客观、公正的关联关系。 综合考虑公司现状，中证鹏元决定维持公司主体信用等级为CC， 评级展望维持为稳定，"中装转 2"信用等级维持为 CC，评级结果有 效期为 2025 年 11 月 10 日至"中装转 2"存续期。同时中证鹏元将密 切关注公司重整进展及债务在相关程序中的清偿情况、经营和财务变 化等情况，并持续跟踪以上事项对公司主体信用等级、评级展望以及 "中装转 2"信用等级可能产生的影响。 特此公告。 中证鹏元资信评估股份有限公司 二〇二五年十一月十日 | | 债券简称 | 最近一次评级时间 | | | | | | 最近一次评级结果 | | | | --- | --- | --- | --- | - ...

Core Insights - *ST Zhongzhuang (002822.SZ) reported its Q3 2025 results on October 31, 2025, highlighting a significant increase in institutional ownership [1] Institutional Ownership - As of October 30, 2025, two institutional investors disclosed holdings in *ST Zhongzhuang A-shares, totaling 33.2642 million shares, which represents 3.46% of the total share capital [1] - The institutional investors include Nuan You (Shanghai) Network Technology Co., Ltd. and China Overseas Juyuan Asset Management Group Co., Ltd. - Juyuan Baichuan No. 1 Private Securities Investment Fund [1] - Compared to the previous quarter, the total institutional ownership percentage increased by 2.74 percentage points [1]

Core Insights - *ST Zhongzhuang (002822.SZ) reported a significant decline in revenue and net profit for Q3 2025, indicating ongoing financial struggles [1][3] Financial Performance - As of September 30, 2025, *ST Zhongzhuang's total revenue was 604 million yuan, ranking 13th among disclosed peers, a decrease of 1.27 billion yuan or 67.77% year-on-year [1] - The net profit attributable to shareholders was -506 million yuan, placing the company 23rd among peers [1] - The net cash flow from operating activities was -40.43 million yuan [1] Financial Ratios - The asset-liability ratio stood at 76.77%, an increase of 5.95 percentage points compared to the same period last year [3] - The gross profit margin was 0.96%, ranking 22nd among peers [3] - Return on equity (ROE) was -35.64%, ranking 16th among peers [3] - The diluted earnings per share were -0.69 yuan, ranking 22nd among peers [3] - Total asset turnover ratio was 0.10 times, a decrease of 0.15 times or 59.12% year-on-year, ranking 20th among peers [3] - Inventory turnover ratio was 1.00 time, a decrease of 2.63 times or 72.37% year-on-year, ranking 23rd among peers [3] Shareholder Information - The number of shareholders was 25,100, with the top ten shareholders holding 258 million shares, accounting for 26.80% of the total share capital [3] - The largest shareholder, Zhuang Xiaohong, holds 10.3% of the shares [3]

| 证券代码：002822 | 证券简称：*ST | 中装 | 公告编号：2025-141 | | --- | --- | --- | --- | | 债券代码：127033 | 债券简称：中装转 | 2 | | 深圳市中装建设集团股份有限公司 一、召开会议的基本情况 1、会议届次：2025年第三次临时股东会 2、会议召集人：公司第五届董事会 3、会议召开的合法、合规性：公司第五届董事会第三十二次会议通过了《关 于提请召开公司2025年第三次临时股东会的议案》，本次股东会会议的召开符合 有关法律、行政法规、部门规章、规范性文件和《公司章程》等的规定。 4、会议召开的时间： （1）现场会议时间：2025年11月18日（星期二）下午15:00 关于召开2025年第三次临时股东会的通知 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏。 深圳市中装建设集团股份有限公司（以下简称"公司"）于2025年10月30 日召开第五届董事会第三十二次会议，会议决议于2025年11月18日召开2025年第 三次临时股东会，本次股东会采用现场投票与网络投票相结合的方式召开，现将 本次会议的 ...

深圳市中装建设集团股份有限公司 第五届监事会第十一次会议决议的公告 本公司及监事会全体成员保证公告内容真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏。 深圳市中装建设集团股份有限公司（以下简称"公司"）第五届监事会第十一 次会议通知于2025年10月24日以专人送达等形式向各位监事发出，会议于2025 年10月30日在公司会议室以现场结合通讯会议的方式召开。本次会议应出席监事 3名，实际出席3名。会议由监事会主席赵海荣女士召集和主持。本次会议的召集、 召开和表决程序均符合《公司法》等法律、法规及《公司章程》的有关规定，合 法有效。经与会监事认真审议，表决通过了如下议案： | 证券代码：002822 | 证券简称：*ST | 中装 | 公告编号：2025-138 | | --- | --- | --- | --- | | 债券代码：127033 | 债券简称：中装转2 | | | 《关于修订<公司章程>和办理工商变更登记的公告》详见《中国证券报》《上 海证券报》《证券时报》《证券日报》和巨潮资讯网（http://www.cninfo.com.cn）。 1 《 深 圳 市 中 装 建 设 集 团 股 份 ...

| 证券代码：002822 | 证券简称：*ST | 中装 | 公告编号：2025-137 | | --- | --- | --- | --- | | 债券代码：127033 | 债券简称：中装转2 | | | 深圳市中装建设集团股份有限公司 第五届董事会第三十二次会议决议的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏。 深圳市中装建设集团股份有限公司（以下简称"公司"）第五届董事会第三十 二次会议通知于2025年10月24日以电子邮件、专人送达等形式向各位董事发出， 会议于2025年10月30日在公司会议室以现场结合通讯会议的方式召开。本次会议 应出席董事5名（含独立董事2名），实际出席5名。会议由董事长庄小红女士主 持，部分监事及高级管理人员列席了会议。本次会议的召集、召开和表决程序均 符合《公司法》等法律、法规及《公司章程》的有关规定，合法有效。经与会董 事认真会议以5票同意，0票反对，0票弃权的表决结果，审议通过，表决通过了 如下议案： 一、会议以 5 票同意，0 票反对，0 票弃权的表决结果，审议通过《关于公 司<2025 年三季度报告>的议案》 ...

Core Viewpoint - *ST Zhongzhuang (002822.SZ) reported a significant decline in revenue and net profit for the first three quarters of 2025, indicating financial distress and operational challenges [1] Financial Performance - The company achieved an operating revenue of 604 million yuan, representing a year-on-year decrease of 67.77% [1] - The net profit attributable to shareholders was -506 million yuan, indicating a loss [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -492 million yuan [1] - The basic earnings per share stood at -0.69 yuan [1]