东方园林披露3.17亿诉讼进展 重整后债务纠纷按计划清偿

Core Viewpoint - Oriental Garden has disclosed its litigation progress and restructuring plan, indicating that ongoing debt disputes will be managed according to the restructuring plan without significantly impacting post-restructuring operations [1][2]. Group 1: Litigation and Financial Impact - As of the announcement date, Oriental Garden and its subsidiaries have faced a total of 3.17 billion yuan in litigation and arbitration cases over the past twelve months, accounting for approximately 20.61% of the latest audited net assets [1]. - The main litigation cases where Oriental Garden is the plaintiff involve 1.35 billion yuan, representing 8.79% of net assets, primarily related to engineering contract disputes [1]. - The company clarified that the flow of funds from winning lawsuits will depend on the nature of the assets involved, with new asset-related disputes returning funds directly to the company, while past asset disputes will follow court rulings and restructuring rules [1]. Group 2: Restructuring Process - The restructuring process for Oriental Garden began in 2024 due to negative net assets and consecutive years of losses, leading to the stock being flagged for delisting risk [2]. - On November 22, 2024, the Beijing First Intermediate People's Court accepted a restructuring application, marking the official start of the restructuring process [2]. - The company implemented measures to facilitate restructuring, including a capital reserve conversion that resulted in a share increase of 33.14 billion shares, raising the total share capital to 59.99 billion shares [2]. Group 3: Business Transformation and Financial Performance - Following the completion of the judicial restructuring, Oriental Garden has shifted its focus to the development, investment, construction, and operation of renewable energy power plants, including solar, wind, hydro, and thermal power generation [3]. - In the first half of 2025, the company reported a revenue of 69.22 million yuan, a decrease of 88.10% year-on-year, and a net profit of -1.44 million yuan, an increase of 99.87% year-on-year [3]. - The company is committed to actively responding to ongoing litigation and maintaining the legal rights of the company and its shareholders while adhering to regulatory disclosure requirements [3].