ZHENGBANG TECHNOLOGY(SZ:002157) Mei Ri Jing Ji Xin Wen·2025-10-15 07:03Core Points - Jiangxi Pig King Zhengbang Technology (002157.SZ) announced that its subsidiary Liaoning Chaoyang Zhengbang Ecological Agriculture Co., Ltd. has had its restructuring plan approved by the Chaoyang Intermediate People's Court, officially terminating the restructuring process and entering the execution phase of the plan [1][3] Financial Performance - Chaoyang Zhengbang's net assets decreased from -128 million yuan at the end of 2024 to -151 million yuan by the end of June 2025, with revenue in the first half of 2025 being only 40 yuan and a net loss of 23.2483 million yuan [2] - The restructuring is expected to impact Zhengbang Technology's financial data for 2025, although the company has indicated that the execution of the plan may not be guaranteed [3][5] Legal Issues - As of September 30, 2025, Zhengbang Technology and its subsidiaries have accumulated new litigation and arbitration cases amounting to approximately 844 million yuan, adding uncertainty to the company's operations for 2025 [2][6] - The new lawsuits include a significant equity dispute involving Jiangsu Zhengjie Ecological Agriculture Co., Ltd. with a claim of 145 million yuan and a contract dispute with Jiangxi Hairongchuan Agricultural Development Co., Ltd. amounting to approximately 126 million yuan [6]