XINJIANG TIANYE(SH:600075) Ge Long Hui A P P·2025-05-21 08:13Core Viewpoint - Xinjiang Tianye (600075.SH) announced that its subsidiary, Xinjiang Yaoao Technology Co., Ltd., is facing severe operational difficulties and has proposed to file for bankruptcy liquidation due to an inability to repay debts [1] Company Summary - Xinjiang Yaoao Technology was established on April 17, 2003, with a registered capital of 160 million yuan [1] - Shareholding structure includes: - Yibin Haist Fiber Co., Ltd. holding 56 million yuan (35.00%) - Jiangsu Aoyang Health Industry Co., Ltd. holding 54 million yuan (33.75%) - Xinjiang Tianye holding 30 million yuan (18.75%) - Manas County Supply and Marketing Investment Management General Corporation holding 20 million yuan (12.50%) [1] - As of December 31, 2024, Yaoao Technology's unaudited total assets are approximately 17.69 million yuan, with total liabilities of approximately 797.22 million yuan [1] - The company has fully impaired its investment in Yaoao Technology, reducing its book value to zero, and has made full provisions for receivables [1] Industry Impact - The bankruptcy liquidation of Yaoao Technology is not expected to affect the existing business operations of Xinjiang Tianye [1] - The company will assess the specific impact of the bankruptcy liquidation once the court processes and the liquidation plan are clarified [1]