创始人离世，公司陷家族内斗！最新消息

Core Viewpoint - Ningbo Shanshan Co., Ltd. is facing potential risks due to the restructuring application of its controlling shareholder, Shanshan Group, which is undergoing a debt crisis and management turmoil following the death of its founder [1][3][6]. Group 1: Restructuring and Debt Crisis - Shanshan Group has filed for restructuring due to significant debt issues, with a total interest-bearing debt of 12.265 billion yuan as of November 8, 2024, increasing to 12.621 billion yuan by January 2025 [4]. - The restructuring application was initiated by three banks, including China Construction Bank, due to overdue loan interest payments amounting to 19.6391 million yuan [3][4]. - The court has appointed management firms to oversee the restructuring process, but the success of this restructuring remains uncertain, potentially affecting shareholder rights and control of Shanshan Co. [3][4]. Group 2: Management Turmoil - The death of founder Zheng Yonggang in February 2023 has led to internal governance issues and power struggles among family members, impacting the company's stability [6]. - Zheng Yonggang's son, Zheng Ju, initially took over as chairman but faced opposition from Zheng Yonggang's second wife, leading to a series of leadership changes within a short period [6]. Group 3: Financial Performance - Shanshan Co. reported a revenue decline of 12.13% year-on-year in 2023, with a net profit drop of 71.56%, and is projected to incur a net loss of between 320 million yuan to 480 million yuan in 2024 [9]. - As of February 27, 2025, Shanshan Co.'s stock price increased by 4.7%, with a total market capitalization of 18.59 billion yuan [9].