Wongtee International(SZ:000056) 2 1 Shi Ji Jing Ji Bao Dao·2025-10-11 04:06Core Viewpoint - The announcement of the debt settlement through asset transfer of the Huangting International's Huangting Plaza indicates significant financial distress for the company, despite the ongoing normal operations of the shopping center [1][2][4]. Group 1: Company Financial Situation - Huangting International's Huangting Plaza was publicly auctioned with a starting price of 305.2966 million yuan but ultimately failed to sell [3]. - The debt issue originated from a trust loan contract signed in 2016, where Huangting International's subsidiary borrowed 3 billion yuan, using Huangting Plaza and its land use rights as collateral [3]. - By the debt maturity in 2021, only 250 million yuan was repaid, leading to a lawsuit and subsequent judicial auction of the property [3]. Group 2: Impact on Operations - Despite the financial turmoil, Huangting Plaza continues to operate normally, with merchants reporting no disruption in business and new lease agreements in place [2][4]. - The shopping center has benefited from its strategic location near the border, attracting Hong Kong customers and showing a profit increase over the past two years [4]. Group 3: Asset and Revenue Loss - The revenue from Huangting Plaza for 2024 is projected at 36.8628 million yuan, accounting for 56.03% of the company's total revenue [6]. - The book value of Huangting Plaza is 574.9805 million yuan, representing 71.57% of the company's total assets, indicating a substantial loss of key assets and revenue channels for Huangting International [6].