SUNING.COM(SZ:002024) 第一财经·2026-01-05 03:04Core Viewpoint - The restructuring plan for Suning.com (ST Yigou, 002024) has been approved by the Nanjing Intermediate People's Court, allowing the company to avoid bankruptcy liquidation and enter a debt repayment phase [3][8]. Group 1: Restructuring Details - The restructuring plan involves the injection of 100% equity of Suning Electric Group and Suning Holdings Group into a restructuring service trust, with a management period of 36 months from the court's approval [3][7]. - The total debt of the 38 companies in the Suning system amounts to 238.73 billion yuan, while the audited total assets are 96.839 billion yuan [8]. - The restructuring will not change the existing governance structure of Suning.com, as the involved shareholders are not the controlling shareholders or actual controllers of the company [4][9]. Group 2: Future Operations and Goals - Post-restructuring, the focus will be on asset disposal and reducing debt levels, with an emphasis on maintaining financial stability and ensuring timely delivery of residential projects [7][8]. - The company aims to optimize its existing business to achieve profitability before interest and taxes across all operations [8]. - Suning's various business segments, including retail and logistics, will continue to operate independently from the restructuring entities [9].