中化国际：控股子公司宁夏锂电申请破产重整

Core Viewpoint - Zhonghua International's subsidiary, Ningxia Zhonghua Lithium Battery Materials Co., Ltd., is facing significant financial distress, leading to a decision to apply for bankruptcy reorganization to avoid liquidation and improve its financial situation [1] Financial Performance - As of June 30, 2025, Ningxia Lithium's total assets amounted to 244 million yuan, while total liabilities reached 288 million yuan, indicating a negative net asset position [1] - For the first half of 2025, the company reported a net loss of 21.58 million yuan, highlighting ongoing operational challenges [1] Strategic Actions - The board has approved the application for bankruptcy reorganization, which aims to attract strategic investors, improve the asset-liability structure, and restore the company's viability [1] - The reorganization is intended to enhance asset utilization efficiency, control potential investment losses, and protect shareholder interests [1]