中化国际：控股子公司宁夏锂电破产重整申请获法院受理

Core Viewpoint - Zhonghua International's subsidiary, Ningxia Lithium Battery, has filed for bankruptcy reorganization due to continuous operating losses and insolvency, with the court accepting the reorganization application and appointing a bankruptcy administrator [1] Financial Summary - As of September 30, 2025, Ningxia Lithium Battery reported total assets of 240.63 million and total liabilities of 286.75 million [1] - For the period from January to September 2025, the company generated revenue of 105.14 million and incurred a net loss of 23.54 million [1] Ownership and Impact - Zhonghua International holds a 94% stake in Ningxia Lithium Battery, and the reorganization may alleviate the company's operational burden, although the specific impact on financial results remains uncertain as the plan has not yet been determined [1]