Xin Lang Cai Jing·2026-02-05 12:19Core Viewpoint - At least 16 companies have encountered issues with Zhongrong Trust's financial products, primarily involving overdue payments and difficulties in redemption [1][12]. Group 1: Companies Affected - Microglow Co., Ltd. has invested 4.08 billion yuan in Zhongrong Trust products, all of which are overdue and have resulted in a 100% loss provision [4][15]. - Changguang Huaxin has invested 60 million yuan in the Zhongrong Longsheng No. 1 Trust Plan, which is overdue [6][18]. - Jinbo Co., Ltd. has invested a total of 60 million yuan in Zhongrong Longsheng No. 1 and Ze Rui No. 1, both of which are overdue [6][18]. - Anli Co., Ltd. has two investments totaling 40 million yuan in Zhongrong Round No. 1, which are overdue [6][20]. - Jin Fang Energy has multiple overdue investments in Zhongrong Round No. 1 [6][21]. - Fashilong has invested 60 million yuan in Zhongrong Rui Jin No. 1, which is overdue [7][21]. - Nandu Property has invested 30 million yuan in Zhongrong Huiju No. 1, which is overdue [8][21]. - San De Technology has invested 7.5 million yuan in Zhongrong products, with overdue payments [8][21]. Group 2: Redemption Outcomes - Yuma Sunshade successfully redeemed 113.27 million yuan from Zhongrong Trust products, marking it as one of the few companies to complete redemption [1][12]. - The redemption of Zhongrong products has shown a stark contrast, with some products maturing in late June 2023 being fully redeemed, while others maturing in August 2023 remain unpaid [4][14]. Group 3: Product Characteristics - The majority of the affected products are collective trust plans, with common distribution channels being Hengtian Wealth [9][24]. - Many products have experienced overdue payments and difficulties in redemption, leading some companies to provision for losses or initiate lawsuits [9][24]. Group 4: Shareholder Structure of Zhongrong Trust - The major shareholders of Zhongrong Trust include: - Jingwei Textile Machinery Co., Ltd. holds 37.47%, controlled by the State-owned Assets Supervision and Administration Commission [9][24]. - Zhongzhi Enterprise Group Co., Ltd. holds 32.99%, representing private capital [9][24]. - Harbin Investment Group holds 21.54%, a local state-owned enterprise [9][24].