因770余万元借款逾期 ST岭南子公司被申请破产清算

Core Viewpoint - ST Lingnan (002717.SZ) announced that its subsidiary, Shanghai Hengrun Digital Technology Group Co., Ltd. (Hengrun Group), is facing bankruptcy liquidation due to its inability to repay debts and lack of repayment capacity [1][3] Group 1: Bankruptcy Application and Financial Status - Hengrun Group has been applied for bankruptcy liquidation by creditor Shanghai Dingce Financing Leasing Co., Ltd. due to its inability to repay due debts [3] - As of March 31, Hengrun Group reported total assets of 843 million yuan, total liabilities of 556 million yuan, and net assets of 287 million yuan [7] - The company has provided a guarantee for Hengrun Group's debts amounting to 154 million yuan, with an additional 82 million yuan in receivables from Hengrun Group [8] Group 2: Legal Proceedings and Company Response - Hengrun Group has submitted an objection to the bankruptcy application, asserting that it is not insolvent and has the basis for continued operation [7] - The company did not disclose specific litigation information related to the bankruptcy application, citing that the debt amounts did not meet the disclosure threshold [3][4] - The company has reported a cumulative litigation amount of approximately 139 million yuan over the past twelve months, which is 13.02% of its latest audited net assets [3] Group 3: Financial Performance - In the first quarter, Hengrun Group generated revenue of 16.43 million yuan with a net loss of 13.86 million yuan, while ST Lingnan reported revenue of 67.60 million yuan and a net loss of 66.40 million yuan [8]