SUNING.COM(SZ:002024) Di Yi Cai Jing·2026-01-05 00:57Core Viewpoint - The restructuring plan for Suning Group has been approved by the Nanjing Intermediate People's Court, allowing the injection of equity and asset rights into a restructuring service trust, which aims to stabilize the company's financial situation and manage its debt obligations [2][5]. Group 1: Restructuring Plan Details - Suning's restructuring plan includes the injection of 100% equity of Suning Electric Group and Suning Holdings Group into a restructuring service trust, with a management period of 36 months [2][5]. - The restructuring will not change the existing governance structure of Suning Easy Purchase, as the shareholders involved are not the controlling shareholders [2][5]. - The trust assets will be divided into two categories: operational retention and asset disposal, with the aim of forming a new management structure under New Suning Group and Nanjing Zhongcheng Asset Management Company [5]. Group 2: Financial Context - The total debt of the 38 companies under the Suning Group amounts to 238.73 billion yuan, while the audited total assets are 96.839 billion yuan, indicating a state of insolvency [6]. - The restructuring plan allows Suning to avoid bankruptcy liquidation, but the future operation and disposal of trust assets remain uncertain [6]. - The restructuring emphasizes maintaining financial stability and ensuring timely delivery of residential projects, with a focus on reducing liabilities and optimizing existing business operations [5][6].