麦趣尔被申请破产清算

Core Viewpoint - The company 麦趣尔 is facing a potential bankruptcy situation as a creditor has applied for its liquidation, which could lead to a risk warning for its stock. The company has been experiencing continuous losses since 2022, raising concerns about its financial stability and future operations [1][2]. Financial Situation - 麦趣尔 has reported negative net profits for three consecutive years, with figures of approximately -351 million yuan in 2022, -97.1 million yuan in 2023, -230 million yuan in 2024, and -33 million yuan in the first three quarters of 2025 [4]. - The company's revenue has also declined significantly, with reported revenues of about 989 million yuan in 2022, 709 million yuan in 2023, 635 million yuan in 2024, and 463 million yuan in the first three quarters of 2025 [4]. - 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-to-asset ratio of 79.55%, which increased to 83.04% by the end of the third quarter [4]. Legal and Operational Challenges - 麦趣尔 has been involved in multiple legal disputes, being listed as a defendant 84 times, with 27 cases resulting in it being an enforcement target, amounting to 221 million yuan in total claims [2]. - The company has faced significant penalties due to food safety violations, including a fine of 73.15 million yuan, which has severely impacted its financial performance [3][4]. - Despite the bankruptcy application, 麦趣尔's operations are reported to be normal, and the company has filed objections to the bankruptcy claim, indicating a potential path for restructuring or debt resolution [2][5]. Market Position and Future Outlook - 麦趣尔's core business includes the production and sale of dairy products and baked goods, with a product range that includes sterilized milk and flavored milk beverages [3]. - The company’s stock may face delisting risk if the bankruptcy application is accepted, but experts suggest that the likelihood of immediate delisting is low, as the company has not yet been deemed insolvent [2]. - The management is committed to maintaining operational stability and improving management practices moving forward [2].