Securities Code: 000838
Securities Abbreviation: *ST Development
Announcement No.: 2026-035
CAIXIN REAL ESTATE DEVELOPMENT GROUP CO., LTD.
Announcement on Abnormal Stock Trading Fluctuations
The Company and the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from any false representations, misleading statements, or material omissions.
Special Reminder:
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Caixin Real Estate Development Group Co., Ltd. (hereinafter referred to as the "Company" or "this Company") (Securities Abbreviation: *ST Development; Securities Code: 000838) experienced a cumulative increase in its closing price deviation from the daily limit for two consecutive trading days on July 2 and July 3, 2026, exceeding 12%. In accordance with the "Shenzhen Stock Exchange Trading Rules," this constitutes abnormal stock trading fluctuations.
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On April 24, 2026, the Company disclosed its "2025 Annual Report." According to the audited figures, the net assets attributable to the parent company at the end of 2025 were -200,131,538.18 yuan. After deducting non-recurring items, the net profit attributable to ordinary shareholders was -634,656,189.56 yuan, and the operating income after deduction was 282,155,640.42 yuan. This triggered the provisions of Articles 9.3.1 (I) and (II) of the "Shenzhen Stock Exchange Stock Listing Rules," resulting in a delisting risk warning.
The net profit before and after deducting non-recurring items for the Company's last three fiscal years were both negative. Furthermore, Tianjian Certified Public Accountants (Special General Partnership) issued an audit report for the Company's 2025 financial statements with a paragraph on significant uncertainties regarding going concern, which triggered Article 9.8.1 (VII) of the "Shenzhen Stock Exchange Stock Listing Rules," resulting in other risk warnings.
The Company is simultaneously subject to delisting risk warnings and other risk warnings for its stock trading. Investors are urged to pay attention to investment risks.