ST景谷：子公司5080万资产查封，业绩困境再加剧

Core Viewpoint - ST Jinggu's subsidiary, Huiyin Wood Industry, is involved in a private lending dispute, leading to asset seizure and potential impact on the company's performance [1] Group 1: Company Overview - ST Jinggu (600265.SH) primarily engages in the production of engineered wood, forestry, and chemical wood products [1] - Huiyin Wood Industry is the main revenue contributor for ST Jinggu, accounting for over 87% of the company's revenue in 2024 [1] Group 2: Financial Impact - The court has seized Huiyin Wood Industry's finished goods warehouse and inventory, valued at approximately 50 million yuan, for a duration of 2 years [1] - The company’s bank accounts have been frozen, affecting around 800,000 yuan, which disrupts ST Jinggu's primary income source [1] - In 2024, ST Jinggu reported a revenue decline and a net loss exceeding 70 million yuan, with both revenue and net profit decreasing [1] Group 3: Legal and Operational Challenges - The company has faced a history of financial struggles, with negative net profits for several years and a previous risk of delisting in 2021 [1] - Huiyin Wood Industry's performance in 2024 was significantly below expectations, with a net profit of -32.458 million yuan, achieving only 156.28% of the target [1] - The subsidiary is involved in three private lending disputes, with the largest loan exceeding 30 million yuan, and the reasons for the claims remain unclear [1]