TOND(SZ:002360) Jing Ji Guan Cha Wang·2026-02-13 08:24Recent Events - The company announced that its real estate in Chaoyang District, Beijing, was frozen by the People's Court of Gongshu District, Hangzhou, due to a financing lease contract dispute with Zhejiang Zhiyin Financial Leasing Co., Ltd. The company stated that operations are normal, but there is a risk of judicial disposal if the court takes further action [2] Performance and Operating Conditions - The company expects a net loss attributable to shareholders of 740 million to 1.1 billion yuan for 2025, a significant increase in losses compared to the same period last year, primarily due to impairment of the PBAT integration project under construction, estimated at 800 million to 1 billion yuan, and financing interest expenses [3] Financial Status - The company and its subsidiaries have a total actual guarantee balance of 1.643 billion yuan, with overdue guarantees amounting to 295.79 million yuan, and litigation guarantee amounts of 302.80 million yuan. The company is facing multiple financing lease contract disputes, including one with Changjiang United Financial Leasing, requiring payment of rent and related fees [4] Violation of Disclosure - The company is facing investor claims due to violations of information disclosure. Jiangsu Shengheng Law Firm indicated that investors who purchased and held shares between September 1, 2023, and January 29, 2024, can register for claims [5] Shareholder Pledged Shares - The company announced that 6.15 million shares held by controlling shareholder Zhang Yunsheng were judicially frozen, accounting for 1.53% of the total share capital. Additionally, 6 million shares will be auctioned on February 9, 2026, representing 1.49% of the total share capital, due to a financing lease default guarantee by a subsidiary [6]