Core Viewpoint - The company, Tongde Chemical, is facing financial pressure due to the freezing of several bank accounts related to a contract dispute with Qingdao Huaton Financing Leasing Co., which may impact its liquidity and future financing options [2][3][4]. Group 1: Account Freezing Incident - On July 21, Tongde Chemical announced that four bank accounts were frozen by the Qingdao Shila District People's Court, involving a total amount of 87 million yuan [3]. - The frozen accounts included the company's basic accounts at China Construction Bank and Bank of China, with a total balance of 10.91 million yuan, representing 0.55% of the company's latest audited net assets and 5.82% of its cash balance [3]. - This is the second account freezing incident for the company, following a similar event in May involving 32.24 million yuan due to a dispute with Far East International Financing Leasing Co. [4]. Group 2: Financial Performance - Tongde Chemical reported a significant increase in net profit for 2023, reaching 438 million yuan, a 138.10% increase year-on-year, primarily due to gains from the sale of subsidiaries [6]. - However, the company experienced a sharp decline in performance in 2024, with total revenue dropping to 54.5 million yuan, a 43.52% decrease from 2023, and a net loss of 71.99 million yuan [6]. - For the first half of 2025, the company expects a net profit of 6.5 to 9.5 million yuan, representing a year-on-year decline of 79.24% to 85.79%, attributed to reduced demand for explosives and losses in its electricity business [7].
同德化工陷合同纠纷 银行账户资金被冻结