文投控股官司缠身，利空来袭

Core Viewpoint - The company, Wento Holdings, announced that some of its bank accounts have been frozen, affecting a total of 102,815,789.05 CNY, which represents 9.21% of the company's net assets attributable to shareholders as of December 31, 2024 [1] Group 1: Bank Account Freeze Details - The freeze involves two general accounts at Beijing Bank and China Merchants Bank, with actual frozen amounts of 423,500.72 CNY and 102,392,288.33 CNY respectively [2] - The freeze is primarily due to a legal dispute involving Suo Bao (Beijing) International Film Investment Co., Ltd. and Wento Holdings, among others, with a case number of (2025) Jing 0105 Min Chu 93088 [2][3] Group 2: Impact on Business Operations - The company stated that the actual frozen amount is relatively small and that its subsidiaries operate independently in cinema, gaming, and other main businesses [3] - The freeze is expected to impact the withdrawal of funds from the affected accounts but will not materially affect the company's main business operations [4] Group 3: Legal Proceedings - The ongoing legal dispute has seen Suo Bao Company withdraw its lawsuit twice, with the latest court hearing scheduled for August 20, 2024, where the total claim amount increased to 185 million CNY [5][6] - Wento Holdings has expressed clear opposition to being listed as a co-defendant in the lawsuit, emphasizing that there is no direct contractual relationship with the plaintiff [4] Group 4: Financial Performance - For the first three quarters of 2025, Wento Holdings reported total revenue of 255 million CNY, a year-on-year decline of 16.88%, and a net profit attributable to shareholders of 3.68 million CNY, marking a turnaround from previous losses [7] - The company has faced continuous losses over the past five years, with cumulative net losses exceeding 8 billion CNY from 2020 to 2024 [7] Group 5: Market Performance - As of December 5, 2023, Wento Holdings' stock price increased by 0.41% to 2.43 CNY per share, with a total market capitalization of approximately 9.865 billion CNY [8]