SINOCHEM INTERNATIONAL(SH:600500) Sou Hu Cai Jing·2025-10-18 20:59Core Viewpoint - Zhonghua International (600500) has faced a decline in stock price and is undergoing bankruptcy reorganization for its subsidiary Ningxia Lithium Battery Materials Co., Ltd due to continuous losses and inability to repay debts [1][2][4] Group 1: Stock Performance - As of October 17, 2025, Zhonghua International's stock closed at 4.1 yuan, down 5.75% from 4.35 yuan the previous week [1] - The stock reached a high of 4.32 yuan on October 14, 2025, and a low of 4.09 yuan on October 17, 2025 [1] - The company's current market capitalization is 14.713 billion yuan, ranking 21st out of 169 in the chemical products sector and 1251st out of 5158 in the A-share market [1] Group 2: Company Announcements - On October 13, 2025, the board of directors approved the bankruptcy reorganization plan for Ningxia Lithium, which has been suffering from external market conditions and continuous losses [2][3] - As of June 30, 2025, Ningxia Lithium had total assets of 243.94 million yuan and total liabilities of 288.33 million yuan, indicating insolvency [2][4] - The company has fully provided for impairment on its long-term equity investment of 470 million yuan in Ningxia Lithium and has a net receivable of 221.01 million yuan [2][4] - Zhonghua International will participate as a creditor in the reorganization process to protect shareholder interests [2] - The board also approved the appointment of Mr. Pu Jiang as the new secretary of the board, replacing Mr. Ke Xiting [3]