002713，停牌核查！

Core Viewpoint - *ST Dongyi has experienced a significant stock price surge, with a cumulative increase of 241.59% over 28 trading days, prompting the company to apply for a trading suspension for stock price fluctuation investigation [1][4][9]. Group 1: Stock Performance and Trading Suspension - The stock price of *ST Dongyi rose from a low of 1.96 yuan in July 2024 to a suspension price of 17.66 yuan, marking nearly a tenfold increase [1]. - The company announced a trading suspension starting November 14, 2025, for up to three trading days to investigate the stock price fluctuations [1][4]. Group 2: Company Background and Financial Status - *ST Dongyi primarily engages in comprehensive home decoration services, including design, construction, and product supply [5]. - The company has faced ongoing operational challenges, with negative net assets reported for the end of 2024 and three consecutive years of negative net profit [6]. - In 2024, *ST Dongyi's revenue was 1.296 billion yuan, a decrease of 55.84% year-on-year, and a net loss of 1.171 billion yuan, a significant decline of 461.88% compared to the previous year [15]. Group 3: Restructuring Efforts - The company initiated pre-restructuring work in October 2024, with 40 potential investors expressing interest, ultimately selecting Beijing Huazhu Technology Co., Ltd. as the restructuring investor [7][9]. - Huazhu Technology aims to leverage its resources to assist *ST Dongyi in expanding its data center integration and computing power services, while maintaining focus on its core home decoration business [11]. Group 4: Risks and Uncertainties - The restructuring process remains uncertain, as the company has not yet received court approval for its restructuring application [10]. - If the restructuring is not completed by December 31, 2025, *ST Dongyi risks being delisted [10][19]. - The success of the restructuring and the potential integration of new business lines depend on various factors, including regulatory compliance and market conditions [13][18].