LONGDA(SZ:002726) Xin Lang Cai Jing·2025-09-25 13:06Core Viewpoint - Longda Food (002726.SZ) announced that its controlling shareholder, Lanrun Development, had 0.70% of its shares judicially frozen, raising concerns after the company recently abandoned the acquisition of a highly indebted subsidiary, Wucang Agriculture and Animal Husbandry [1][2] Group 1: Shareholder Actions - Lanrun Development's judicially frozen shares amount to 7.51 million, representing 2.56% of its holdings and 0.7% of the total share capital, with the freeze effective from September 23, 2025, to September 22, 2028 [1] - Lanrun Development holds 27.23% of Longda Food's shares and is actively working to resolve the judicial freeze, although there is a possibility of forced execution of the frozen shares [1] Group 2: Financial Situation - As of August 2, Lanrun Development's stock pledge rate for Longda Food was 31.4%, with a total of 9.228 million shares pledged, accounting for 8.55% of the total share capital [2] - Longda Food recently abandoned the acquisition of Wucang Agriculture and Animal Husbandry, which has a debt ratio of 98.73% and significant short-term and long-term liabilities totaling approximately 1.95 billion [2] - Longda Food has faced declining revenue for four consecutive years, with a net profit of 32.28 million for the first half of 2025, down 42.15% year-on-year [2] - As of June 30, 2025, Longda Food had approximately 973 million in cash and interest-bearing liabilities of about 3.219 billion, with short-term debt making up 57.72% of the total [2]