YATAI(SZ:000691) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2026-02-04 22:48Core Viewpoint - Gansu Asia-Pacific Industrial Development Co., Ltd. is facing delisting risk due to negative net assets as of the end of 2024, which has triggered a warning for delisting starting April 30, 2025 [2][3][10]. Financial Situation - The company's audited net assets for the year 2024 were reported as negative, leading to the implementation of delisting risk warnings [2][3]. - If the company experiences any of the specified conditions in the Shenzhen Stock Exchange rules for the year 2025, it may face termination of its stock listing [10]. Risk Warning - The company is required to disclose potential delisting risks in accordance with the Shenzhen Stock Exchange regulations, with the second risk warning announcement made on January 22, 2026 [14][15]. - The company has committed to providing updates every ten trading days until the annual report is disclosed [12][14]. Restructuring and Financial Support - On November 26, 2025, the company accepted a cash donation of 73 million yuan from a restructuring investor to support its operations [11]. - A debt waiver agreement was signed with the former controlling shareholder, Guangzhou Wanshun Technology Co., Ltd., amounting to 75 million yuan, aimed at alleviating the company's debt burden [12]. Legal Proceedings - The company’s restructuring process was concluded on December 31, 2025, as per a court ruling, and the restructuring plan was executed successfully [13].