TOND(SZ:002360) Zhong Guo Jing Ying Bao·2025-12-01 09:17Core Viewpoint - The company, Tongde Chemical, has been listed as a dishonest executor by the Shanghai Pudong New District People's Court due to failure to fulfill obligations related to a financing lease contract, involving an amount of 11.5429 million yuan [2][3] Group 1: Legal Issues - The company received a court summons in May 2025 regarding the financing lease contract dispute and reached a pre-litigation mediation agreement, but failed to comply with the payment obligations outlined in the execution notice [3] - The company and its subsidiary, Tongde Kechuang, have been listed as dishonest executors, with the case number (2025) Hu 0115 Zhi 29846 [3] - A recent court ruling ordered the company and its subsidiary to pay approximately 85.9119 million yuan due to a leasing dispute with Qingdao Financing Leasing Co., Ltd., with the chairman of the company bearing joint liability [6] Group 2: Financial Condition - As of November 29, the overdue debt principal of Tongde Chemical and Tongde Kechuang has risen to 309 million yuan, accounting for 15.50% of the audited net assets for 2024, with overdue interest amounting to 11.5723 million yuan, totaling 321 million yuan [3][4] - The company reported a revenue of 331 million yuan for the first three quarters of 2025, a year-on-year decline of 20.53%, and a net loss attributable to shareholders of 9.937 million yuan, marking a 125.28% decrease from profit [7] - The company plans to implement effective measures to ensure production operations, including cost control and receivables recovery, to alleviate short-term liquidity pressure [4]