ZJBC(SZ:000889) Mei Ri Jing Ji Xin Wen·2025-10-24 05:44Core Viewpoint - Zhongjia Bochuang (000889.SZ) has faced significant performance and stock price volatility since the arrival of Wu Ying, known as the "father of Little Smart," leading to ongoing operational struggles and legal issues [1][2]. Group 1: Company Performance and Management Changes - Zhongjia Bochuang continues to experience poor performance and is entangled in lawsuits, with the recent resignation of CEO Li Pengyu due to personal reasons [1]. - The company has been questioned by the stock exchange regarding bad debt issues, raising concerns about its financial practices [1][2]. Group 2: Legal Issues and Allegations - A court ruling revealed that a subsidiary of Zhongjia Bochuang engaged in "disguised" service agreements to circumvent related party transactions, involving a client listed in the company's bad debt records [2][3]. - The court found that the subsidiary acted as a bridge for contracts and funds, indicating potential misconduct in financial reporting [3][4]. Group 3: Company Responses and Statements - Zhongjia Bochuang has denied any wrongdoing, asserting that there are no efforts to evade related party transactions and that it has complied with disclosure regulations [6][7]. - The company has applied for a retrial regarding the court's decision, claiming that the legal findings do not reflect objective facts [5][6].