皇庭国际终止重大资产出售及债务重组，此前深圳皇庭广场已被裁定以物抵债

Core Viewpoint - The company, Huangting International, has decided to terminate its major asset sale and debt restructuring plans due to a lack of consensus on core terms with involved parties, which may lead to significant impacts on its financial health and operations [1][5]. Group 1: Asset and Debt Restructuring - In November 2022, Huangting International signed a cooperation framework agreement with Lianyungang Fenghan Yigang Property Management Co., Ltd. regarding asset and debt restructuring [1]. - The company had previously engaged in multiple discussions about the feasibility and core terms of the transaction but failed to reach an agreement [1]. - The termination of the restructuring will not affect the current year's financial status, but the loss of ownership of major assets could lead to significant operational impacts and potential financial delisting risks in the future [1][5]. Group 2: Financial Implications - The Shenzhen Huangting Plaza, a key asset, was judicially determined to be used for debt repayment at a value of 3.053 billion yuan [2][4]. - The plaza contributed 369 million yuan in revenue for 2024, accounting for 56.03% of the company's total revenue, and its book value represented 71.57% of the total assets [5]. - Following the debt repayment, the company's net assets are projected to drop from 172 million yuan to approximately -1.921 billion yuan [5]. - For the first half of 2025, the company reported a revenue of 290 million yuan, an 18.48% decrease year-on-year, and a net profit attributable to shareholders of -185 million yuan, a 24.62% decline [5].