Core Viewpoint - The company 麦趣尔 is facing significant financial difficulties, including a debt crisis and ongoing legal issues, which have led to substantial losses and a declining revenue trend over recent years [3][4][5][6]. Group 1: Debt Crisis and Legal Issues - 麦趣尔 has an outstanding debt of 5.95 million yuan related to machinery purchases, with only 30% of the payment made [3]. - The company has been involved in 84 legal cases, with 27 instances where it was designated as an executed party, amounting to 221 million yuan in total claims [4]. - Despite the bankruptcy application from creditors, the company has not received any court ruling on the matter and is actively contesting the claims [3][4]. Group 2: Financial Performance - 麦趣尔 has reported declining revenues over the years, with revenues of approximately 989 million yuan in 2022, dropping to 463 million yuan in the first three quarters of 2025 [6]. - The company has experienced net losses of around 351 million yuan in 2022, 97.1 million yuan in 2023, and 23 million yuan in 2024, continuing into 2025 with a loss of 33 million yuan [6]. - As of mid-2025, 麦趣尔's total assets were approximately 1.075 billion yuan, with total liabilities of about 855 million yuan, resulting in a debt ratio of 79.55%, which increased to 83.04% by the end of the third quarter [7]. Group 3: Regulatory and Market Position - 麦趣尔 has faced regulatory penalties due to food safety violations, including a fine of 73.15 million yuan, which significantly impacted its profitability for 2020 and 2021 [5]. - The company’s stock is not currently at risk of being delisted despite ongoing losses, as it meets certain revenue thresholds and maintains positive net assets [7].
被债权人申请破产,麦趣尔何去何从