Wongtee International(SZ:000056) Ge Long Hui A P P·2025-10-08 10:00Core Viewpoint - The company, Huangting International, is facing significant financial challenges as its wholly-owned subsidiary, Shenzhen Rongfa Investment Co., Ltd., has been ordered by the Shenzhen Intermediate People's Court to auction its main asset, the Crystal Island Commercial Center, to settle debts, which will have a major impact on its operations and financial standing [1][2]. Group 1: Asset and Financial Impact - The auction starting price for the Crystal Island Commercial Center is set at 3.053 billion yuan [1]. - The total area of the property is approximately 136,895.89 square meters, with a commercial purpose [2]. - The projected revenue from the Crystal Island project for 2024 is 368.6028 million yuan, accounting for 56.03% of the company's total annual revenue [2]. Group 2: Valuation and Net Asset Changes - As of December 31, 2024, the assessed value of the Crystal Island project is 5.7498 billion yuan [2]. - The company's net assets are projected to be approximately -1.921 billion yuan after the asset is auctioned, down from 1.72 billion yuan as of June 30, 2025 [2]. - The company may face risks of being warned about financial delisting under the Shenzhen Stock Exchange's listing rules due to the negative net asset situation [2].