Core Viewpoint - New Dazhou A is facing a debt crisis with significant uncertainty regarding the resolution of overdue debts, which could impact its financial stability and control over a key subsidiary [1][2] Group 1: Debt Situation - New Dazhou A's wholly-owned subsidiary, Zhejiang Trading, has an overdue loan of 80 million yuan (approximately 11.2 million USD) from Huaxia Bank, which was due on September 10, 2025, along with interest of 1.04 million yuan (approximately 146,000 USD) [1] - The loan is guaranteed by New Dazhou A, which has pledged its 54 million yuan (approximately 7.6 million USD) equity in Wuzhou Group as collateral, with a pledge period from September 2, 2022, to September 2, 2027 [1] Group 2: Potential Consequences - If the overdue debt is not resolved and enters litigation, the court's ruling could lead to the loss of control over Wuzhou Group, which is a major source of revenue for New Dazhou A [2] - This situation may trigger a risk warning under the Shenzhen Stock Exchange listing rules if the company's audited profit totals fall below negative values or if its revenue drops below 300 million yuan (approximately 42 million USD) [2] Group 3: Company Background - New Dazhou A was listed on the Shenzhen Stock Exchange on May 25, 1994, and primarily engages in motorcycle manufacturing and sales [2] - The company acquired Wuzhou Group in December 2006, integrating coal industry revenues into its financial statements [2] - Since 2007, New Dazhou A has focused on coal mining and sales, having previously engaged in beef food business from 2016 to 2023 [2]
新大洲A子公司债务危机待解 或触及退市风险警示情形