Core Viewpoint - The company, Rifa Precision Machinery (日发精机), is facing significant challenges due to the receivership of its subsidiary Airwork, which has defaulted on loans and has five Boeing aircraft detained in Russia, impacting its financial performance and future prospects [1][2][3]. Group 1: Company Financial Situation - As of July 2, 2023, Airwork has been placed under receivership due to a loan default, with the outstanding principal balance of the loan amounting to approximately 63.2 million yuan (8.83 million USD) [1]. - The company reported cumulative losses of 3.108 billion yuan (approximately 450 million USD) from 2022 to 2024, with net losses of 1.530 billion yuan, 903 million yuan, and 675 million yuan for the respective years [6]. - The subsidiary, Italian MCM, has also been in a state of continuous loss, contributing to the overall financial difficulties of Rifa Precision Machinery [6][7]. Group 2: Impact of Airwork's Situation - Airwork has five Boeing 757 aircraft detained in Russia, which has led to significant asset impairment provisions totaling 741 million yuan (approximately 104 million USD) [3]. - The company attempted to negotiate with Russian clients for the return of the aircraft but has faced challenges due to international sanctions following the Russia-Ukraine conflict [3]. - Airwork has initiated legal proceedings against its insurance providers to seek compensation for the detained aircraft, indicating a proactive approach to mitigate financial losses [4]. Group 3: Business Operations and Strategy - Rifa Precision Machinery has expanded its overseas operations significantly, with foreign revenue reaching 1.416 billion yuan (approximately 200 million USD) by the end of 2024, accounting for 78.47% of total revenue [5]. - The company has diversified its business through acquisitions, including the purchase of Italian MCM, which has provided access to advanced manufacturing technologies and high-profile clients [5]. - Despite the growth in overseas revenue, the company has experienced stagnation since 2019, with foreign income fluctuating between 1.4 billion yuan and 1.6 billion yuan [6].

Core Viewpoint - Airwork has undergone a change in control due to the appointment of a receiver by the syndicate, following a failure to reach an agreement on the extension of loan terms, leading to a potential asset seizure or forced sale [1][2]. Group 1: Company Situation - On July 2, the syndicate took control of Airwork, and the company is now under receivership, with its board's rights revoked [1]. - Airwork's outstanding syndicate loan principal is approximately $88.31 million, due by June 30, 2025, and was previously extended to July 31, 2026 [1]. - The company has faced significant revenue declines due to geopolitical conflicts, with aircraft leased to Russian clients being detained, impacting its ability to repay loans [2]. Group 2: Risk Mitigation Efforts - Airwork is pursuing insurance claims and potential aircraft sales to mitigate risks associated with its financial situation [2]. - The company has indicated that it will strategically divest weaker business segments to manage overall operational risks [3]. Group 3: Future Outlook - The company has fully recognized goodwill impairment related to Airwork in 2022 and asset impairment in 2024, suggesting that risks associated with Airwork have been largely addressed [3]. - Future strategic focus will be on high-end equipment manufacturing and providing integrated solutions for digital factories across various sectors, including aerospace and new energy vehicles [3].

证券代码：002520 证券简称：日发精机 编号：2025-042 浙江日发精密机械股份有限公司 关于子公司被银团接管的公告 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。 浙江日发精密机械股份有限公司（以下简称"公司"）下属子公司 Airwork 公 司于 2019 年 4 月以其全部现有及未来（即 2019 年 4 月及以后）持有的资产作为 抵押范围签订银团贷款合同。截至 2025 年 6 月 30 日，该笔银团贷款应偿还本金 余额为 8,831.27 万美元，折合人民币约 6.32 亿元。 经 Airwork 公司董事会、管理层与银团持续协商，积极维护股东利益， Airwork 公司与银团就贷款展期协议条款达成一致意见，并已于 2025 年 4 月 29 日签署贷款展期协议，贷款续期至 2026 年 7 月 31 日。 现因公司与银团就聘任财务顾问出售业务/资产用于归还贷款事宜未能达成 一致，于 2025 年 7 月 2 日收到银团通知，上述展期协议终止，且依据前次展期 协议个别条款，Airwork 公司构成违约，自 2025 年 7 月 2 日起，银团对 ...

Core Viewpoint - Airwork, a subsidiary of the company, has defaulted on a syndicated loan agreement due to failure to reach an extension agreement with the syndicate, resulting in a change of control [1] Group 1 - As of June 30, 2025, the outstanding principal balance of the syndicated loan is approximately $88.31 million, equivalent to about 632 million RMB [1] - The syndicate has appointed Calibre Partners as the Receiver for Airwork, indicating that the company is now under Receivership [1] - The board of directors' powers have been revoked, signifying a significant governance change within Airwork [1] Group 2 - The company intends to actively communicate with relevant parties to resolve the issues and protect the interests of the company and all shareholders [1]

Group 1: Company Overview and Market Position - Zhejiang Rifa Precision Machinery Co., Ltd. aims to become a benchmark enterprise in the intelligent manufacturing sector, focusing on key market segments and scaling core businesses [3] - The company has achieved a leading position in the domestic bearing manufacturing equipment market, with a significant market share and recognition as a key supplier to internationally renowned companies [3][4] Group 2: Product Development and Innovations - The company has made progress in the development of CNC thread grinding machines, which are essential for industries such as new energy vehicles and humanoid robots [4] - CNC grinding equipment for screw rods and nuts has been delivered to several clients, although large-scale production is still pending due to the early stage of some downstream industries [4] Group 3: Future Strategic Directions - The company plans to focus on high-end equipment manufacturing as its primary business, aiming to develop more niche markets in the coming years [5] - Key areas of focus for the current year include enhancing product details, optimizing process validation, and improving machine quality to boost market competitiveness and brand influence [5]

Core Viewpoint - Zhejiang Rifa Precision Machinery Co., Ltd. announced the completion of share pledge and release procedures by its controlling shareholder, Zhejiang Rifa Holding Group Co., Ltd., and its concerted actor, Wu Jie, involving a total of 211,210,000 shares, which accounts for 99.9955% of their total holdings [1][3]. Group 1: Share Pledge and Release Details - The controlling shareholder, Rifa Group, released 12,000,000 shares from pledge, which represents 7.17% of its holdings and 1.60% of the company's total share capital [1]. - The pledge was initiated on June 12, 2023, and released on June 23, 2023, with the pledgee being Bank of Communications [1]. - The current total pledged shares by the controlling shareholder and its concerted actor amount to 28.15% of their total holdings, with no shares currently unpledged [3]. Group 2: Financial and Operational Overview - As of the latest financial data, Rifa Group reported total assets of 857,289.15 million and total liabilities of 731,429.79 million, resulting in an asset-liability ratio of 85.32% [4]. - The company generated operating revenue of 511,324.95 million, with a net profit of -52,278.20 million for the year 2024 [4]. - The cash flow from operating activities was recorded at 54,036.15 million, indicating a negative cash flow of -708.40 million for the first quarter of 2025 [4].

证券代码：002520 证券简称：日发精机 编号：2025-040 浙江日发精密机械股份有限公司 关于控股股东及其一致行动人股份解除质押及质押的 公告 二、股东股份本次质押的基本情况 | | 是否为 | 本次质 | 本次质押 | 本次质押 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 控股股 | | | | 是否 | 是否为 | | | | | | 股东 | | 押股份 | 占其所持 | 占公司总 | | | 质押开 | 质押解 | | | | | 东及其 | | | | 为限 | 补充质 | | | 质权人 | 用途 | | 名称 | | 数量 | 股份比例 | 股本比例 | | | 始日 | 除日 | | | | | 一致行 | | | | 售股 | 押 | | | | | | | | （股） | （%） | （%） | | | | | | | | | 动人 | | | | | | | | | | | | | | | | | | | 至申请 | 交通银行 | | | --- | - ...

证券代码：002520 证券简称：日发精机 编号：2025-041 浙江日发精密机械股份有限公司 原告：Airwork Ireland Limited 地址：70 Sir John Rogerson's Quay, Dublin 2, Ireland 注册号：643757 被告一：QBE Insurance (Australia) Limited（简称"QBE"） 关于下属全资子公司重大诉讼事项的公告 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。 一、本次诉讼事项受理的基本情况 浙江日发精密机械股份有限公司（以下简称"公司"）近日收到下属全资子 公司 Airwork Holdings Limited（以下简称"Airwork 公司"）的通知，Airwork 公司根据新西兰相关法律规定对 QBE Insurance (Australia) Limited 及 Aon NZ 向新西兰奥克兰高等法院递交了民事起诉状，经当地法院排期聆讯，该诉讼 事项近日被正式受理。 二、本次诉讼事项的基本情况 （一）诉讼当事人 地址：QBE Centre Level 21/125 Qu ...

Core Viewpoint - The company, Japan Aviation Electronics Industry, has initiated legal action against QBE Insurance and Aon NZ due to the loss of five aircraft that remain detained in Russia, stemming from geopolitical tensions that led to the termination of contracts with a Russian client [1] Group 1: Legal Action - The subsidiary Airwork has filed a lawsuit in the Auckland High Court against QBE Insurance (Australia) Limited and Aon NZ [1] - The lawsuit is a result of the failure to reach an agreement with the insurance company regarding the losses incurred from the aircraft [1] Group 2: Aircraft Detention - Airwork had signed six leasing contracts for B757-200 cargo aircraft with the Russian client Aviastar [1] - Due to geopolitical conflicts, five of these aircraft are currently detained in Russia, impacting the company's operations [1] Group 3: Financial Impact - The company has indicated that the impact of this legal action on current or future profits cannot be determined at this time [1]

Core Viewpoint - The company, 日发精机, has decided to stop providing financial support to its wholly-owned subsidiary, Machining Centers Manufacturing S.p.A (MCM), in Italy, which is facing continuous losses and liquidity issues, leading to the decision to apply for bankruptcy [2][5]. Financial Performance - MCM was acquired by 日发精机 in 2014 for €11.04 million, and the remaining shares were purchased in 2016 for €4.76 million, with the share price being 172.46% of the previous acquisition price [3]. - MCM's revenue from 2022 to 2024 was reported as ¥527 million, ¥689 million, and ¥691 million, while net losses were ¥23.45 million, ¥41.19 million, and ¥138 million respectively [3]. - 日发精机's revenue showed a declining trend during the same period, with figures of ¥2.139 billion, ¥2.083 billion, and ¥1.804 billion, while MCM's revenue as a percentage of 日发精机's total revenue increased from 24.64% to 38.3% [4]. Bankruptcy Decision - The decision to allow MCM to file for bankruptcy was made after multiple rounds of financial support failed to stabilize the subsidiary, which has been unable to repay its debts and has faced increasing operational costs [5][7]. - The company has indicated that the bankruptcy process is complex and the final financial impact will depend on the results of an audit [2]. Investment and Support History - Since the acquisition, 日发精机 has provided substantial financial support to MCM, including a planned €25 million capital increase in 2014 and subsequent investments totaling €6 million in 2016 and 2023 [6][7]. - Despite these efforts, MCM's financial situation continued to deteriorate, leading to the cessation of further financial support from 日发精机 [7]. Asset and Liability Overview - MCM's total assets from 2022 to 2024 were reported as ¥1.009 billion, ¥1.15 billion, and ¥779 million, with net assets turning negative in 2024 at -¥10.43 million [8]. - The total investment by 日发精机 in MCM amounts to €20.8 million, with debts owed to the company totaling €26.9 million, indicating a potential loss of €47.7 million if bankruptcy proceeds [8].