Beijing Capital Development secures perpetual debt financing amid losses

Beijing Capital Development (Shokai Group) will secure perpetual debt financing of up to 3 bn yuan from its controlling shareholder, Beijing Capital Development Holdings (Group) Co. This transaction, approved by the board and pending shareholder approval, aims to replace interest-bearing debt and supplement working capital. The financing will carry an annualized interest rate of 5-year LPR + 40BP, with the initial investment term lasting three years, extendable in three-year increments.

The company's stock has seen a 77.27% increase since September 3, 2025, significantly deviating from industry and SSE indices, yet its core business and operational environment remain unchanged. The company reported a net loss of -1,838,546,799.42 yuan for the first half of 2025, with total assets of 26,611,367.05 yuan and liabilities of 21,649,347.97 yuan as of June 30, 2025.

Additionally, the company is involved in ongoing litigation concerning a claim of 472,379,500 yuan by Pingtai Company against Jinke Suzhou, currently under second-instance review. The outcome and impact on the company's profitability remain uncertain. In August 2025, Beijing Capital Development reported a total contracted sales area of 76,000 square meters and sales value of 973 million yuan.