TIBET DEVELOPMENT(SZ:000752) Zheng Quan Shi Bao Wang·2025-09-04 07:00Core Viewpoint - The article highlights the proactive measures taken by ST Xifa to address financial issues and improve its operational stability, particularly through the resolution of fund occupation problems and the support from its controlling shareholder, Shengbang Holdings [1][4]. Group 1: Company Restructuring and Financial Health - ST Xifa has entered a pre-restructuring phase since July 2023, actively working on rectifying fund occupation issues before entering formal restructuring procedures [1]. - Shengbang Holdings has been instrumental in assisting ST Xifa in risk mitigation since becoming the controlling shareholder in 2021, focusing on recovering large receivables and significantly reducing company debt [1]. - As of the end of 2023, ST Xifa's audited net assets have turned positive, and the financial report did not receive a qualified or adverse opinion, meeting the conditions for delisting risk removal [1]. Group 2: Financial Performance and Future Outlook - ST Xifa has achieved revenue growth for two consecutive years, with expectations for both revenue and net profit increases in the first half of 2025 [2]. - The company is enhancing its product matrix with a focus on high-end and specialized products, while also expanding its market presence outside the Tibet region [2]. - With the historical burdens being cleared, ST Xifa is positioned to return to a healthy and sustainable development trajectory, supported by Shengbang Holdings and restructuring investors [2]. Group 3: Resolution of Fund Occupation Issues - On September 3, ST Xifa announced a solution for the fund occupation issue, where Shengbang Holdings will offset a debt of 150 million yuan against the occupied funds [4]. - The restructuring investors will provide cash payments of 35.22 million yuan and 146 million yuan to ST Xifa and its subsidiary for settling the remaining occupied funds [4]. - The resolution of the 331 million yuan fund occupation issue is expected to promote the long-term stable development of the company [4].