Ju Chao Zi Xun·2026-03-03 02:44Core Viewpoint - Hunan Baili Engineering Technology Co., Ltd. has announced a debt default due to the inability to repay two bank loans totaling 35.8 million yuan, raising concerns about its short-term debt repayment capacity [1][2] Group 1: Debt Default Details - The company has defaulted on two loans with a total overdue amount of 35.8 million yuan, consisting of a principal of 20.8 million yuan and another of 15 million yuan [1] - The loans were part of a working capital loan agreement with the Bank of Communications Yueyang Branch, with the original repayment date set for February 12, 2026 [1] - The company is currently negotiating with creditors to find a resolution and is exploring various methods to raise funds for debt repayment [1] Group 2: Company Actions and Future Plans - The company is committed to actively negotiating with creditors to reach an agreement on the debt resolution as soon as possible [1] - It plans to strengthen cost control and accelerate the collection of accounts receivable to secure funds for debt repayment [1] - The company will continue to monitor the situation and fulfill its information disclosure obligations in accordance with the Shanghai Stock Exchange listing rules [1]