Core Viewpoint - The recent lawsuit against Tianzhong Precision Machinery (田中精机) by eight creditors of its bankrupt subsidiary, Youfu Intelligent Equipment (佑富智能), raises concerns about the classification of a claimed debt of approximately 108 million yuan, which may impact the company's financial standing and stock performance [1][2][3] Group 1: Lawsuit Details - Tianzhong Precision Machinery received a civil lawsuit from eight creditors of Youfu Intelligent, claiming that the 108 million yuan debt should not be classified as ordinary debt but rather as subordinated debt [1][2] - The creditors argue that Tianzhong, as the controlling shareholder of Youfu, improperly classified capital contributions as loans, thereby harming the rights of other creditors [2][3] - The lawsuit is currently in the initial stages, and the Shenzhen Intermediate People's Court has not yet formally accepted the case, leaving the potential impact on the company's profits uncertain [1][2] Group 2: Company Background and Financial Performance - Tianzhong Precision Machinery has seen a significant stock price increase of 166.02% since the beginning of the year, with a recent price fluctuation exceeding 30% over two trading days [2] - The company previously applied for bankruptcy liquidation of Youfu Intelligent, which was accepted by the court, and the creditors' meeting confirmed the debt classification as ordinary debt, leading to the current dispute [3] - For the fiscal year 2025, the company expects revenue between 310 million to 320 million yuan, with a projected net profit of 14 million to 17 million yuan, indicating a significant recovery as it no longer consolidates the bankrupt subsidiary's financials [4]
田中精机被8名子公司债权人联合起诉 近日股价上蹿下跳