SSI(SZ:002742) Shang Hai Zheng Quan Bao·2025-12-04 20:14Core Viewpoint - Chongqing Sansheng Industrial Co., Ltd. has entered the execution phase of its restructuring plan, which includes a risk of downward adjustment of its stock price due to a capital reserve increase in shares [2][12]. Group 1: Restructuring Plan Approval - The Chongqing Fifth Intermediate People's Court approved the restructuring plan on November 21, 2025, allowing the company to enter the execution phase [2][12]. - The total share capital before the adjustment is 432,000,000 shares, with an increase of approximately 252,102,041 shares based on a ratio of about 5.8357 shares for every 10 shares held [3][8]. Group 2: Capital Reserve Increase - The capital reserve increase will raise the total share capital to 684,102,041 shares, with 160,000,000 shares allocated to restructuring investors and 92,102,041 shares for debt repayment [3][13]. - The average price for the capital reserve increase is calculated at 4.28 yuan per share, which will influence the adjustment of the stock's opening reference price on the registration date [20][21]. Group 3: Stock Trading and Adjustments - The stock will be suspended for one trading day on December 9, 2025, and will resume trading on December 10, 2025, following the capital reserve increase [17][23]. - The adjustment of the stock price will depend on the closing price on the registration date, with specific calculations outlined for determining the opening reference price [19][20].