CXJG(SZ:002547) Mei Ri Jing Ji Xin Wen·2025-07-15 11:52Core Viewpoint - The company Spring兴精工 is facing significant financial challenges due to its subsidiary, 元生智汇, failing to complete a land and building repurchase agreement, which could lead to severe operational impacts and potential legal issues [1][4][6] Group 1: Financial Obligations and Repurchase Agreement - 元生智汇 is required to repurchase land use rights and buildings from 鼎盛投资 for 8.06 billion yuan by July 13, 2025, but has not yet completed this transaction [1][3] - The company has not received a 399 million yuan deposit from 仙游国财, which was supposed to be returned to 元生智汇 for the repurchase [4][6] - The total outstanding amount owed by 元生智汇, including taxes and rent, exceeds 50% of the company's audited net assets for 2024 [4][5] Group 2: Historical Debt and Business Operations - The historical debts of 元生智汇 stem from investments, private fund repurchases, and equipment purchases made before May 2021 [2][3] - 元生智汇 has been struggling with continuous losses due to intense competition in the consumer electronics sector, leading to a temporary halt in its manufacturing operations [5][6] - The company's revenue has primarily shifted to leasing out its facilities and equipment, but market conditions have resulted in underutilization of these assets [5] Group 3: Ongoing Negotiations and Potential Impacts - The company has formed a special task force to negotiate with local government and financial entities to address the repurchase and rental obligations [6] - If 仙游国财 fulfills the repurchase and rental payments on behalf of 元生智汇, it may trigger additional financial liabilities for Spring兴精工 and its subsidiary, potentially leading to further legal disputes [6] - The inability to resolve these issues could significantly impact the company's operations and financial performance for the current year [6]