NCGF(SZ:300198) Ge Long Hui A P P·2025-09-19 10:29Core Viewpoint - ST Nanchuan (300198.SZ) announced that its subsidiary, Jiangsu Nanchuan Pipe Co., Ltd., has received court documents regarding a bankruptcy application, indicating potential financial distress and uncertainty regarding its future operations [1] Group 1: Legal Proceedings - Jiangsu Nanchuan has received a notification, execution ruling, and execution decision from the People's Court of Siyang County, Jiangsu Province, related to a bankruptcy application filed against it [1] - The court documents include case numbers (2025) Su 1323 Zhi 3448 and (2025) Su 1323 Zhi 2621, which pertain to the execution of the bankruptcy application [1] - As of the announcement date, Jiangsu Nanchuan has not yet received any documents confirming the court's acceptance of the bankruptcy case, indicating that the situation is still in the bankruptcy review stage [1] Group 2: Financial Implications - The application for bankruptcy review introduces significant uncertainty regarding whether Jiangsu Nanchuan will enter formal bankruptcy proceedings [1]