子公司新增逾期债务近2900万元！园林板块成美晨科技的“烫手山芋”

Core Viewpoint - Meicheng Technology has disclosed an increase in overdue debts totaling 28.8864 million yuan, primarily from its subsidiaries in the landscaping business, indicating ongoing financial distress in this segment [1][2]. Group 1: Overdue Debts - The newly reported overdue debt of 28.8864 million yuan is mainly attributed to two subsidiaries: Huayi Agriculture with 4.8864 million yuan and the wholly-owned subsidiary, Saishi Landscaping, with 24 million yuan [2]. - Cumulatively, the overdue debts have reached 81.8864 million yuan, with previous disclosures indicating unresolved debts of 53 million yuan [2]. - The overdue debts are concentrated in the landscaping business, which the company is planning to divest, yet the financial risks remain high during this transition [1][2]. Group 2: Financial Performance - Saishi Landscaping reported a revenue of 22.8622 million yuan and a net loss of 14 million yuan in the first half of 2025, reflecting a significant decline in performance [2]. - As of mid-2025, Saishi Landscaping's net assets have fallen to -1.027 billion yuan, indicating severe insolvency [3]. Group 3: Strategic Actions and Risks - Meicheng Technology is in the process of divesting its landscaping business to focus on non-tire rubber operations, with the sale of Saishi Landscaping being a key part of this strategy [6]. - The company acknowledges the risks associated with cash flow during the divestment process, as it may need to continue funding the landscaping segment until a buyer is found [6]. - To address the current financial challenges, the company is engaging in negotiations with creditors, enhancing project cash recovery, and considering asset sales or rentals [6].