LIAONING PORT(SH:601880) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-12-20 06:21Core Viewpoint - The company has announced that its subsidiary, Dalian Container Terminal Logistics Co., Ltd., has been accepted for bankruptcy liquidation by the Dalian Economic and Technological Development Zone People's Court due to its inability to repay debts and lack of solvency [2][4][6]. Group 1: Bankruptcy Liquidation Details - The court issued a civil ruling on December 16, 2025, formally accepting the bankruptcy liquidation application of the subsidiary [2][6]. - Dalian Container Terminal Logistics Co., Ltd. was established on July 11, 2001, with a registered capital of 155.387 million yuan, and is 100% owned by the company through its subsidiaries [3]. - The subsidiary has been unable to repay its debts, leading to a resolution by its shareholders to apply for bankruptcy liquidation on September 30, 2025 [4]. Group 2: Financial Impact - As of December 31, 2024, the subsidiary reported assets of approximately 118.11 million yuan and liabilities of about 153.60 million yuan, resulting in negative equity of approximately 35.50 million yuan [5]. - The company has already recognized a provision for expected liabilities of 180 million yuan as of December 31, 2021, which is expected to mitigate the impact on the company's financial results [7]. Group 3: Company Response Measures - The company has established a bankruptcy liquidation working group to liaise with the court and the appointed bankruptcy administrator [8]. - The company will exercise its shareholder rights and require the bankruptcy administrator to provide timely updates on the liquidation process and financial audit reports [8]. - The company will comply with accounting standards and legal requirements, ensuring that the subsidiary will no longer be included in the consolidated financial statements if managed by the court-appointed administrator [8].