HBMC(SZ:300027) Zheng Quan Shi Bao·2025-12-10 18:40Core Viewpoint - The company Huayi Brothers is facing a second judicial auction of shares held by its controlling shareholder, Wang Zhongjun, which may impact its ownership structure and financial stability [1][2]. Group 1: Share Auction Details - Wang Zhongjun's approximately 154 million shares, representing 48.54% of his holdings and 5.55% of the company's total shares, are set for a second judicial auction on December 29-30, 2023, after the first auction failed [1]. - The company has confirmed that the auction of these shares will not lead to a change in actual control or the largest shareholder, thus not significantly affecting its operations or governance [1]. Group 2: Financial Situation - As of December 10, the company reported overdue debts totaling 52.5 million yuan, exceeding 10% of its audited net assets for 2024, due to temporary liquidity issues from delayed receivables [2]. - The company is actively negotiating with financial institutions for loan renewals and plans to optimize its asset structure by divesting non-core assets to improve financial efficiency [2]. Group 3: Business Operations - Despite the financial challenges, the company continues to progress with its film investment and production projects, with several films released and others in various stages of production [3]. - The company is also involved in producing and investing in multiple series and online films, maintaining a steady operational pace [3].