Eastman Kodak(US:KODK) Sou Hu Cai Jing·2025-08-13 02:18Core Viewpoint - The company faces significant doubts about its ability to continue operations due to a lack of financing channels or available funds to repay approximately $500 million in upcoming debt [1] Financial Situation - The company plans to raise funds by suspending pension payments and believes tariffs will not have a "significant impact" on its business as most products are manufactured in the U.S. [1] - The CEO expressed confidence in repaying most of the debt before it matures and in modifying, extending, or refinancing the remaining debt and preferred stock [1] - The company's stock price plummeted over 25% during intraday trading following the financial report [1] Historical Context - The company was founded in 1892 and was a dominant player in the camera and film market, holding 90% of the film and 85% of the camera sales in the U.S. during the 1970s [1] - The company failed to capitalize on its invention of digital camera technology, leading to its bankruptcy in 2012 with total debts reaching $6.75 billion and creditors numbering up to 100,000 [2] Business Strategy - In 2020, the company transitioned to become a pharmaceutical raw material supplier, which led to a significant surge in its stock price [3] - The company intends to continue expanding its pharmaceutical business while also producing film and chemicals for the movie industry and licensing its brand for various consumer products [3]