Group 1 - The company, Lingnan Ecological Culture and Tourism Co., Ltd., has received a bankruptcy liquidation application for its subsidiary, Shanghai Hengrun Digital Technology Group Co., Ltd., from Shanghai Dingce Financing Leasing Co., Ltd. due to Hengrun Group's inability to repay debts and lack of repayment capacity [1][4] - As of the announcement date, Hengrun Group has not received any court ruling regarding the acceptance of the bankruptcy liquidation application, indicating significant uncertainty regarding the situation [1][5] - Hengrun Group's total assets as of December 31, 2024, were 863.38 million yuan, accounting for 6.01% of the company's audited total assets, with total liabilities of 562.23 million yuan and a net loss of 86.63 million yuan for the year [3][4] Group 2 - The company has submitted a bankruptcy application objection to the court, asserting that it does not meet the criteria for insolvency and that there is a basis for continued operation [4][5] - If the bankruptcy liquidation process is initiated, Hengrun Group will no longer be included in the company's consolidated financial statements, which may impact the company's profit and total liabilities [5] - The company has provided a joint liability guarantee for Hengrun Group's debts, with a guarantee balance of 7.71 million yuan, and there is a risk of being required to fulfill this guarantee if Hengrun Group enters bankruptcy [5]

Group 1 - The core point of the article highlights the financial performance and stock activity of ST Lingnan, indicating a significant drop in revenue while showing growth in net profit [1] - As of August 14, 2025, ST Lingnan's stock closed at 1.65 yuan, down 2.37%, with a turnover rate of 4.53% and a trading volume of 724,900 hands, amounting to 121 million yuan [1] - The latest quarterly report shows total revenue of 67.6 million yuan, a year-on-year decrease of 77.85%, while net profit attributable to shareholders reached 66.4 million yuan, a year-on-year increase of 26.36% [1] Group 2 - The company has a current ratio of 0.695, a quick ratio of 0.671, and a debt-to-asset ratio of 91.69%, indicating potential liquidity issues [1] - ST Lingnan has made investments in 82 companies and participated in 1,704 bidding projects, showcasing its active engagement in the market [2] - The company holds 40 trademark registrations and 341 patents, along with 42 administrative licenses, reflecting its commitment to intellectual property and regulatory compliance [2]

近日，ST岭南公告称，其控股子公司恒润集团被鼎策融资以不能清偿到期债务且明显缺乏清偿能力为 由，向上海市第三中级人民法院申请破产清算。恒润集团已提交《破产申请异议书》及证据资料。截至 公告披露日，恒润集团未收到法院裁定受理文件，是否进入破产清算程序存在重大不确定性。若进入破 产清算，恒润集团将不再纳入公司合并报表，或影响公司财务指标，公司还面临担保及往来款无法收回 风险。此外，公司未收到相关人员未来六个月减持计划，但联席董事长、总裁尹洪卫股份存在被动减持 风险。 ...

特别提示： 证券代码：002717 证券简称：ST 岭南 公告编号：2025-089 岭南生态文旅股份有限公司 关于子公司被申请破产清算的提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 公司控股子公司上海恒润数字科技集团股份有限公司（以下简称"恒润集团"） 已向上海市第三中级人民法院提交《破产申请异议书》并附相关证据资料。截至本公 告披露日，恒润集团尚未收到法院裁定受理破产清算的相关文件，上海鼎策融资租赁 有限公司（以下简称"鼎策融资"）对恒润集团提出的破产清算申请是否被法院受理， 恒润集团是否进入破产清算程序尚存在重大不确定性。敬请广大投资者谨慎决策，注 意投资风险。 一、子公司被申请破产清算情况概述 岭南生态文旅股份有限公司（以下简称"公司"）于近日获悉：申请人上海鼎策 融资租赁有限公司以公司控股子公司上海恒润数字科技集团股份有限公司不能清偿 到期债务且明显缺乏清偿能力为由向上海市第三中级人民法院申请对恒润集团破产 清算。根据《中华人民共和国企业破产法》第十条第一款之规定，恒润集团对申请如 有异议，应在收到法院通知之日起七日内向上海市第三中级人 ...

格隆汇8月11日丨ST岭南(002717.SZ)在互动平台表示，公司暂无计划加入全运会建设，重大事项请以公 司发布的公告为准。 ...

Core Viewpoint - The company, Lingnan Ecological Culture and Tourism Co., Ltd., is facing significant financial difficulties, including the inability to repay its convertible bonds on time, which may lead to further legal and operational challenges [2][3][4]. Financial Performance - In 2024, the company's operating revenue was 861.84 million yuan, a decline of 59.55% compared to 2023 [3]. - The net profit attributable to shareholders for 2024 was -984.33 million yuan, indicating a reduction in the scale of losses compared to 2023 [3]. - For the first quarter of 2025, the net profit attributable to shareholders was -66.40 million yuan, a decrease of 26.36% compared to the same period in 2024 [3]. Debt and Credit Risks - The credit rating of the "Lingnan Convertible Bond" has been downgraded to C, indicating a high risk of default [2]. - The company is experiencing liquidity pressure due to delayed project payments and high asset-liability ratios, which may further weaken its financing capabilities [2][4]. Legal and Regulatory Issues - As of December 31, 2024, the company had 251 pending lawsuits with a total amount involved of 2.95 billion yuan, which is 13.02% of the latest audited net assets [7]. - The company is facing increased litigation risks due to payment delays to suppliers, which may further complicate its financial situation [6][7]. Asset Pledge and Collateral Risks - The company has pledged assets to secure the "Lingnan Convertible Bond," but the realizable value of these assets is uncertain due to the nature of the receivables and the need for cooperation from various parties [5][6]. - There is a risk that if the company files for bankruptcy within a year of the pledge, the collateral may be revoked [5]. Stock Market Risks - The company's stock is at risk of being delisted if the closing price remains below 1 yuan for 20 consecutive trading days, as per Shenzhen Stock Exchange regulations [6]. Management and Oversight - GF Securities has been appointed as the trustee for the "Lingnan Convertible Bond" and is monitoring the situation closely to protect the interests of bondholders [10].

证券代码：002717.SZ 证券简称：ST 岭南 二〇二五年八月 重要声明 本报告依据《可转换公司债券管理办法》《岭南生态文旅股份有限公司与广 发证券股份有限公司关于岭南生态文旅股份有限公司 2018 年公开发行的可转换 公司债券之受托管理协议》（以下简称"受托管理协议"）《岭南生态文旅股份 有限公司公开发行可转换公司债券募集说明书》（以下简称"募集说明书"）等 相关公开信息披露文件、第三方中介机构出具的专业意见等，由债券受托管理 人广发证券股份有限公司（以下简称"广发证券"）编制。广发证券对本报告 中所包含的从上述文件中引述内容和信息未进行独立验证，也不就该等引述内 容和信息的真实性、准确性和完整性做出任何保证或承担任何责任。 债券代码：128044.SZ 转债简称：岭南转债 岭南生态文旅股份有限公司 向不特定对象发行可转换公司债券 2025 年度第二十六次临时受托管理事务报告 债券受托管理人 一、"岭南转债"无法按期兑付 据公司《关于"岭南转债"不能按期兑付本息的公告》（公告编号：2024- 113）披露，公司现有货币资金无法偿付"岭南转债"，"岭南转债"无法按期 进行本息兑付。 据公司《关于公司主体及 ...

公司及控股子公司不存在其他应披露而未披露的诉讼、仲裁事项。 证券代码：002717 证券简称：ST 岭南 公告编号：2025－088 岭南生态文旅股份有限公司 关于累计诉讼、仲裁情况的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 根据《深圳证券交易所股票上市规则》等规则的要求，岭南生态文旅股份有限公 司（以下简称"公司"）对公司连续十二个月累计的诉讼、仲裁事项进行了统计，现将 有关内容公告如下： 一、累计诉讼的基本情况 截至2025年8月7日，公司及控股子公司连续十二个月内新增尚未披露的诉讼、仲 裁事项的涉案金额合计约为13,856.81万元，涉案金额累计达公司最近一期经审计归 属于母公司净资产的13.02%。 具体情况详见附件《连续十二个月内累计未披露诉讼、仲裁案件情况统计表》。 二、其他尚未披露的诉讼、仲裁事项 三、本次公告的诉讼、仲裁对公司本期利润或期后利润的可能影响 鉴于部分案件处于尚未开庭审理、尚未出具判决结果、判决结果尚未生效等阶 段，其对公司本期利润或期后利润的影响存在不确定性，公司将依据有关会计准则的 要求和实际情况进行相应的会计处理， ...

Core Viewpoint - Lingnan Ecological Culture and Tourism Co., Ltd. has completed the second phase of repayment for its convertible bonds, "Lingnan Convertible Bonds," and is addressing the implications of a shareholder's shares being subject to judicial auction [1][4]. Group 1: Convertible Bond Repayment - The company held a bondholders' meeting on January 22, 2025, to approve the repayment plan for the "Lingnan Convertible Bonds" [1]. - The second phase of repayment was completed on July 31, 2025, with funds allocated for bondholders whose bonds are under judicial or pledge freeze [1][2]. - Bondholders are required to submit relevant documentation by August 18, 2025, to facilitate the repayment process [2]. Group 2: Judicial Auction of Shares - A total of 166,500,000 shares held by shareholder Yin Hongwei, representing 9.15% of the company's total shares, are set to be auctioned [5]. - Yin Hongwei is not classified as a controlling shareholder, and the auction of his shares will not affect the company's control or operations [6][9]. - As of July 30, 2025, Yin Hongwei's total shareholding is 267,791,617 shares, which may decrease to 101,291,617 shares if the auction is successful [9].

Core Points - The company has completed the second phase of repayment for the "Lingnan Convertible Bond" as of July 31, 2025 [1] - A bondholders meeting was held on January 22, 2025, where the repayment plan was approved [1] - Bondholders are required to submit relevant documentation by August 18, 2025, to facilitate the repayment process [1] Summary by Sections - **Repayment Completion** - The second phase of repayment for the "Lingnan Convertible Bond" has been successfully completed [1] - **Bondholders Meeting** - A meeting was convened on January 22, 2025, to discuss and approve the repayment plan for the bonds [1] - **Documentation Requirements** - Bondholders must provide necessary documentation, including identification and proof of bond ownership, by August 18, 2025, to receive their payments [1]