3 6 Ke·2025-10-30 02:16Core Viewpoint - The article discusses the contrasting strategies of Jiangshan Oupai and Yashi Chuangneng in response to the current market downturn, highlighting their decisions to either downsize operations or attempt to pivot for recovery [1] Jiangshan Oupai - Jiangshan Oupai announced the suspension of operations at its subsidiaries in Henan and Chongqing due to insufficient orders, low capacity utilization, and ongoing losses [2][4] - Financial data reveals significant losses for the subsidiaries: Henan Oupai lost 14.08 million yuan, while Chongqing Oupai lost 13.52 million yuan in the first nine months of 2025 [4] - As of September 30, 2025, Chongqing Oupai's net assets were negative at -7.51 million yuan, indicating deteriorating financial health [4][7] - Jiangshan Oupai's overall revenue for the first three quarters of 2025 was 1.284 billion yuan, a year-on-year decline of 43.11%, with a net loss of 41.49 million yuan [8] - The company experienced significant management turnover, with multiple executives resigning in July 2025, including the general manager [9] Yashi Chuangneng - Yashi Chuangneng plans to dispose of assets across six factories to improve its financial structure and support core business development [10] - The assets for sale include factories in Shanghai, Anhui, Chongqing, and Guangzhou, which are strategically located and equipped for potential digital transformation [10] - Yashi's revenue has significantly declined, with a reported 74.18% decrease in the first half of 2025 compared to the previous year, resulting in a net loss of 191.6 million yuan [11] - The company faces challenges such as bank loan withdrawals and increased legal disputes, which have adversely affected its operations and reputation [12]