浙江棒杰控股集团股份有限公司 关于子公司被申请破产重整的提示性公告

Core Viewpoint - The company is facing significant financial distress due to its subsidiary, Yangzhou Bangjie New Energy Technology Co., Ltd., being unable to repay debts, leading to a pre-restructuring application filed by a creditor, Industrial Bank Co., Ltd. Suzhou Branch, which has been accepted by the court [2][13]. Group 1: Company Financial Situation - Yangzhou Bangjie has a financial liability exposure of approximately 630 million yuan, all guaranteed by the company, posing a risk of fulfilling these obligations if the subsidiary enters restructuring [3][14]. - The company has invested a total of 505 million yuan in Yangzhou Bangjie, which is fully paid, and may face risks of not recovering this investment if the subsidiary undergoes restructuring [4][15]. - The company has provided financial support of about 650 million yuan to Yangzhou Bangjie, making it a significant creditor, which could lead to risks of uncollectible receivables if restructuring occurs [5][16]. Group 2: Operational Risks - The company has reported a total overdue or prematurely due loan amount of approximately 986.41 million yuan, which is 328.97% of the audited net assets for 2024, leading to multiple lawsuits and significant operational and financial risks [6][18]. - The company’s audited net assets for 2024 were reported at 299.84 million yuan, with a net loss of 149.98 million yuan for the first half of 2025, indicating potential negative net assets by the end of 2025 if the financial situation does not improve [7][19]. Group 3: Business Segments - The company’s main business segments include seamless clothing and photovoltaic businesses, with the seamless clothing segment generating 620 million yuan in revenue for 2024, accounting for 56.06% of total revenue, while the photovoltaic segment generated 452 million yuan, accounting for 40.86% [8][20]. - In the first half of 2025, the seamless clothing business revenue reached 282 million yuan, representing 96.67% of total revenue, highlighting its importance as a core business despite challenges in the photovoltaic sector [8][20].