突发黑天鹅！4.7万亿巨头直线下挫；春兴精工内外交困 | 风控日报

Choice固收2025-11-13

1、春兴精工内外交困：近10亿诉讼仲裁缠身，净资产告负，6年多累亏逾28亿2、绿地控股连亏四季度后全面收缩3、东方妍美港股IPO招股书失效：2000万银行借款违约，风险提示称可能永远无法实现盈利4、奥园集团：未能及时清偿的到期债务本金累计约为人民币432.07亿元5、领益智造撤回发行可转债购买资产申请，深交所终止审核6、突发黑天鹅！4.7万亿巨头直线下挫，巴克莱银行下调甲骨文评级1、春兴精工...

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The 4.7 trillion giant plummeted; Chunxing Seiko has internal and external difficulties | Risk Control Daily","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ORCL":0.9},"content_text":"1、春兴精工内外交困：近10亿诉讼仲裁缠身，净资产告负，6年多累亏逾28亿2、绿地控股连亏四季度后全面收缩3、东方妍美港股IPO招股书失效：2000万银行借款违约，风险提示称可能永远无法实现盈利4、奥园集团：未能及时清偿的到期债务本金累计约为人民币432.07亿元5、领益智造撤回发行可转债购买资产申请，深交所终止审核6、突发黑天鹅！4.7万亿巨头直线下挫，巴克莱银行下调甲骨文评级1、春兴精工内外交困：近10亿诉讼仲裁缠身，净资产告负，6年多累亏逾28亿春兴精工已连续六年累计亏损超过28亿元，持续面临业绩亏损压力；同时，因涉及近10亿元诉讼仲裁纠纷，导致净资产为负，面临被实施'披星戴帽'风险。2、泸州老窖Q3净利润同比降13%，费率拖累致盈利承压泸州老窖2025年前三季度归母净利润107.62亿元，同比下降7.17%；第三季度归母净利润30.99亿元，同比下滑13.07%。盈利能力波动主要源于费用率拖累，公司正通过持续去库存优化运营效率。3、绿地控股连亏四季度后全面收缩绿地控股集团股份有限公司因连续四个季度亏损及财务指标持续恶化，资产负债率攀升，现金余额再度下滑，被迫实施战略收缩，暂停土地拿地与新开工项目以保障化债期间资金安全。4、东方妍美港股IPO招股书失效：2000万银行借款违约，风险提示称可能永远无法实现盈利11月12日，据港交所披露的信息显示，手握医美市场大热的“童颜针”的东方妍美（成都）生物技术股份有限公司（简称“东方妍美”）港股IPO招股书已经失效。东方妍美于今年5月12日正式向港交所递交招股书，拟登陆主板上市，建银国际为独家保荐人。核心产品尚未实现商业化，持续亏损且有2000万元银行借款已违约1、奥园集团：未能及时清偿的到期债务本金累计约为人民币432.07亿元11月13日， 奥园集团有限公司 (简称“ 奥园集团 ”)发布关于债务清偿及未决诉讼情况的公告。 截至 2025年10月31 日,公司未能及时清偿的到期债务本金累计额约为人民币 432.07亿元；公司及子公司涉及多项重大未决诉讼，未完结涉诉金额约660.68 亿元,其中融资相关涉讼金额约558.72 亿元,非融资相关涉讼金额约 101.96 亿元。公司及其重要子公司共存在 191条失信被执行人信息，涉及金额共计 35.88 亿元。 上述事项使得公司在一定时间内将面临支付罚息，银行账户冻结，资产查封、执行拍卖等风险。目前公司正全力推进各类债务风险化解处置工作，将切实行偿债主体责任，加快恢复生产经营,整合各类偿债资源,积极与各类债权人沟通,充分听取各债权人诉求,争取尽快达成债务化解方案。2、领益智造撤回发行可转债购买资产申请，深交所终止审核广东领益智造股份有限公司及其独立财务顾问国泰海通证券撤回发行可转换公司债券购买资产并募集配套资金的申请文件，深圳证券交易所依据相关规定终止对该申请的审核。3、上海华信债券虚假陈述案一审判决五中介承担14.5%连带责任上海金融法院对上海华信国际集团有限公司银行间债券虚假陈述案作出一审判决，认定主承销商、会计师事务所及评级机构需在各自责任范围内承担连带赔偿责任，赔偿金额合计1854万元，该案件系我国首例应用损失核定模型的债券虚假陈述责任纠纷案。4、远洋集团：境内债重组方案投票时间延至11月18日目前远洋集团另一项重要的工作是债务重组。远洋集团正在对境内7笔公司债和3笔PPN进行重组，本金额合计180.5亿元。8月18日，远洋方面发布境内债重组方案，并于9月9日至9月12日召开持有人会议对方案进行表决。澎湃新闻获悉，截至目前，远洋集团的境内债务重组仍未完成，仅部分债券重组方案获得通过，经过数次延期后，部分债券的投票期限则延期至11月18日。5、福建省-福州市：上交所终止审核福州新投创投20亿元私募债项目6、河南省：- 深交所终止审核河南省煤气集团9.5亿元ABS项目- 深交所终止审核驻马店黄淮信息产投7亿元私募债项目7、江苏省：华电江苏由于市场出现波动，取消发行“25华电江苏SCP027”1、突发黑天鹅！4.7万亿巨头直线下挫，巴克莱银行下调甲骨文评级刚刚，总市值超过4.7万亿元的AI巨头甲骨文开盘直线下挫。消息面上，11月11日，巴克莱银行发布研报称，将甲骨文（Oracle）的债务评级下调至“减持”，并警示其信用评级最终可能被降至BBB-，该级别距离“垃圾债”门槛仅一步之遥。同时研报警告，甲骨文可能在2026年11月耗尽现金。巴克莱的模型显示，过去十年间，甲骨文的计息债务总额已翻了一番，达到1116亿美元，负债股本比高达500%，远高于亚马逊的50%、微软的30%，Meta和谷歌则更低。此外，公司的资产负债表外还有超过1000亿美元的租赁承诺尚未确认，这可能会加剧评级机构对其杠杆水平的担忧。巴克莱认为，即便资本支出不再增加，甲骨文的现金储备（截至目前约为110亿美元）也可能在2026年11月前耗尽，届时公司将面临再融资需求。此外，穆迪评级机构已警告，甲骨文过度依赖少数AI企业的大额承诺来支撑成长，存在重大风险。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2583594491","isCrawlerRequest":true}