Core Viewpoint - The announcement regarding the judicial freeze of shares held by the controlling shareholder of Longda Food indicates potential financial instability, although the company asserts that it will not affect operational control or governance [1][2]. Group 1: Shareholder and Legal Matters - Longda Food's controlling shareholder, Lanrun Development, has had 7,513,417 shares frozen, representing 2.56% of its holdings and 0.70% of the company's total shares [1]. - The freeze is effective from September 23, 2025, to September 22, 2028, initiated by the Jinan City Central District People's Court [1]. - The company is actively working to resolve the judicial freeze and emphasizes that it does not foresee any change in actual control or adverse effects on operations [1]. Group 2: Financial Performance - Longda Food has experienced significant volatility in its financial performance over the past five years, with net profits fluctuating from a profit of 9.06 billion yuan in 2020 to a loss of 15.38 billion yuan in 2024, and a slight profit of 0.22 billion yuan in 2025 [2]. - In the first half of 2025, the company reported revenue of 4.975 billion yuan, a decrease of 1.38% year-on-year, and a net profit of 35.17 million yuan, down 39.52% year-on-year [2]. - The company has approximately 973 million yuan in cash and interest-bearing liabilities of about 3.219 billion yuan, with short-term debt comprising 57.72% of total liabilities, indicating significant repayment pressure [2]. Group 3: Corporate Governance - On September 19, 2025, Longda Food's board approved the decision to abandon the acquisition of equity in Wucang Agriculture and Animal Husbandry held by Lanrun Development, which is related to compliance with competition commitments [2].
突发!龙大美食控股股东751万股遭司法冻结