DYRS(SZ:002713) Zheng Quan Ri Bao Zhi Sheng·2025-12-26 16:15Core Viewpoint - *ST Dongyi is undergoing a capital increase through the conversion of capital reserves into shares as part of its restructuring plan, which aims to improve its financial structure and support debt resolution [1][2]. Group 1: Restructuring Plan - The restructuring plan has been approved by the Beijing First Intermediate People's Court, allowing *ST Dongyi to proceed with the execution phase [1]. - The capital increase will be based on a total share capital of 420 million shares, with a ratio of 12.68 shares for every 10 shares, resulting in an additional 532 million shares, bringing the total to 951 million shares [1]. - The newly issued shares will not be distributed to existing shareholders; instead, 417 million shares will be conditionally transferred to restructuring investors, while the remaining shares will be used to settle debts [1]. Group 2: Financial Impact - As of December 3, 2025, a total of 7,327 creditors have claimed debts amounting to 2.16 billion yuan, with confirmed debts totaling 1.847 billion yuan [2]. - The restructuring is expected to improve the company's asset-liability structure and support sustainable development, potentially impacting financial data for the year 2025 [3]. Group 3: Business Focus and Future Prospects - Post-restructuring, *ST Dongyi's controlling shareholder will change to Beijing Huazhu Technology Co., which specializes in integrated services for data centers [3]. - The company will continue to focus on its core home decoration business while upgrading its digital home decoration services, leveraging resources from the new investor to expand into computing center services [3]. - Short-term stock price boosts are anticipated from the injection of computing assets, but long-term benefits will depend on the scale and profitability of these assets [4].