“山水旅游第一股” 重整重大进展！

Core Viewpoint - *ST Zhanggu has signed a restructuring investment agreement with eight investors, including three A-share companies: Electric Broad Media, Mango Super Media, and Caesar Travel Industry, to facilitate its restructuring process due to debt issues [2][5]. Group 1: Restructuring Agreement - The restructuring investment agreement was signed on November 13, involving multiple investors, including Electric Broad Media, Mango Cultural Tourism Investment Co., and Caesar Travel Industry [5]. - The agreement aims to leverage *ST Zhanggu's local advantages, particularly focusing on revitalizing the Dayong Ancient City project through various strategies such as brand upgrades and professional management [6]. Group 2: Financial Situation - *ST Zhanggu has faced significant financial challenges, with net profits of -2.60 billion, -2.39 billion, -5.82 billion, and -223.97 million yuan for the years 2022 to 2024 and the first three quarters of 2025, respectively [9][11]. - The company has entered a restructuring process after being unable to repay due debts, which meets the legal conditions for restructuring [8]. Group 3: Future Prospects - If the restructuring plan is successfully implemented, it is expected to improve the company's asset-liability structure, operational status, and financial condition, promoting a return to a healthy and sustainable development trajectory [8].