*ST新元获赠不超3.3亿元现金，实控人豁免不超0.5亿元债务

Core Viewpoint - *ST Xin Yuan is seeking to mitigate its delisting risk through a combination of cash donations and debt waivers, as it faces severe financial challenges and operational disruptions [1][2]. Group 1: Financial Support Measures - The company announced that Beijing Sui Rui Xin Yuan Innovation Technology Center and Sui Rui Technology Group plan to donate up to 330 million yuan in cash to support the company in addressing its delisting risk and improving its financial structure [1]. - The actual controller, Zhu Yesheng, has decided to waive debts owed by a subsidiary, Ningxia Xin Yuan, amounting to no more than 50 million yuan, which will help reduce the company's debt burden [1][6]. Group 2: Current Financial Status and Risks - As of September 30, 2025, the company's net assets attributable to shareholders were -55.02 million yuan, putting it at risk of delisting if the audited net assets remain negative at the end of the fiscal year [2]. - The company reported revenue of 68.43 million yuan for the first three quarters of 2025, and if the audited profit figures are negative and revenue falls below 100 million yuan, it will also face delisting risks [2]. Group 3: Restructuring Efforts - The company has entered a pre-restructuring process initiated by creditors due to its inability to repay debts, with the court approving the pre-restructuring in July 2025 [3][4]. - A significant development occurred in November 2025 when Sui Rui Green Technology was confirmed as the primary investor for the restructuring, providing a potential lifeline for the company [4]. Group 4: Operational Recovery Initiatives - The company has implemented several self-rescue measures, including cash injections, debt waivers, and efforts to resume operations at its subsidiaries, which had been shut down [6]. - As of December 22, 2025, the company announced that its subsidiaries in Ningxia and Tianjin had met conditions to resume production, which is expected to positively impact its financial metrics [6]. Group 5: Audit and Compliance Changes - Following an unfavorable audit opinion from Da Hua Accounting Firm, the company plans to change its auditing firm to Beijing Dehao International for the 2025 fiscal year, potentially seeking a more favorable audit outcome [7][8]. - The company is also planning to establish two new subsidiaries focused on innovative technology and low-carbon energy, aiming to enhance its operational capabilities [8]. Group 6: Market Position - As of December 26, 2025, *ST Xin Yuan's stock price was 8.30 yuan per share, with a total market capitalization of 2.285 billion yuan [9].