YJFC(SH:600265) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-09-16 02:21Core Viewpoint - The announcement details significant financial losses and legal issues faced by Yunnan Jinggu Forestry Co., Ltd. due to inventory losses and ongoing litigation involving its subsidiary, Tangxian Huiyin Wood Industry Co., Ltd. [1][4] Group 1: Inventory Losses - Huiyin Wood discovered an inventory loss of approximately 19 million yuan due to the actions of a former director, Wang Lansen, who sold goods without proper approval and diverted the proceeds to personal accounts, resulting in a loss of about 9.69 million yuan attributable to the listed company [1][2] - The company has reported the incident to law enforcement and is cooperating with investigations to protect its interests [1][2] Group 2: Legal Proceedings - Huiyin Wood is involved in multiple lawsuits, with the court having accepted cases related to private lending disputes, including claims totaling approximately 12.22 million yuan, which represents 128.47% of the company's latest audited net assets attributable to shareholders [6][8] - The company’s bank accounts have been frozen due to these legal issues, and production lines have ceased operations, leading to uncertainty regarding the resumption of business activities [6][8] - The lawsuits include claims for repayment of principal amounts and interest, with one case involving a claim of 5 million yuan and another for 2.51 million yuan plus interest [9][14] Group 3: Financial Impact - The ongoing litigation and inventory losses have created significant uncertainty regarding the company's operational viability and future profitability, with potential negative impacts on both current and future profits [6][17] - The company has established a special task force to investigate the authenticity of the loans and is taking legal measures to mitigate the impact of these issues on its financial standing [7][19]