每经记者｜张文瑜 西安 每经编辑｜贺娟娟 从陕西走出去的浓缩果汁巨头——海升果汁，即将迎来资产拍卖的关键节点。 根据阿里司法拍卖平台披露的信息，陕西海升果业发展股份有限公司（以下简称"海升果业"）位于西安航天基地的集团总部园区及相关资产已正式挂牌，将 于一周后开启公开拍卖程序，此次拍卖起拍价为 2.1 亿元，这也是该资产的第二次拍卖尝试。 今年4月，上述资产曾首次登上法拍平台，起拍价为2.15亿元，但由于无人出价竞买，最终以流拍告终。 海升果业成立于1996年，曾凭借在浓缩果汁领域的突出表现，成为国家级农业产业化重点龙头企业，"中国海升果汁控股有限公司"也是最早在港交所上市的 陕企。 然而，如今的海升果业却陷入资不抵债的困境，多项资产接连被摆上拍卖平台，结局令人唏嘘。 多项资产拍卖遇冷 一纸拍卖公告，再次将海升果业的资产处置困境推至台前。 此次拍卖标的为海升果业位于陕西省西安市航天基地神舟三路359号海升集团园区的土地使用权、房屋建筑物及办公设备等，评估价格2.15亿元，起拍价2.1 亿元，加价幅度设定为5万元。 来源：阿里资产拍卖平台 溯源来看，这片土地于2011年由海升果业竞得，次年企业便将总部迁至此处。 ...

Core Viewpoint - Zhongyin Rongye has faced significant challenges leading to its delisting from the A-share market, primarily due to a combination of poor management decisions, market conditions, and shareholder dynamics [3][5][6]. Company Status and Changes - After being delisted, Zhongyin Rongye held its 2024 annual shareholder meeting in Chengdu, indicating a shift in operational focus away from its original headquarters in Yinchuan, Ningxia [4]. - The company reported a high number of shareholders, approximately 137,900, despite its delisting, with active participation in online forums [4]. - The chairman, Li Xiangchun, acknowledged the company's transition to delisting was influenced by multiple factors, including a lack of effective management in new industries and complex shareholder backgrounds [5]. Financial Performance and Market Conditions - Following its restructuring in 2021, Zhongyin Rongye aimed to pivot towards the lithium battery sector but faced declining product prices and performance issues [4][5]. - The stock price fell from a high to 0.18 yuan per share, leading to its delisting after failing to maintain a price above 1 yuan for twenty consecutive trading days [3][6]. Future Plans and Strategies - The company plans to focus on two main areas: investment and industrial operations, with an emphasis on high-tech investments and special graphite business [7][8]. - Zhongyin Rongye aims to explore the feasibility of relisting on the A-share market, contingent on achieving stable operations and meeting regulatory requirements [8].

Core Viewpoint - *ST Jiyuan's stock has been terminated from listing due to continuous trading below 1 yuan for 20 consecutive trading days, leading to a significant decline in its market value and operational challenges [2][3][4]. Group 1: Stock Termination and Transition - The Shenzhen Stock Exchange has decided to terminate the listing of *ST Jiyuan's stock, effective May 29, following a period of poor stock performance [2]. - The company is required to ensure that its shares can enter the National Small and Medium Enterprises Share Transfer System within 45 trading days after delisting [2]. - *ST Jiyuan has appointed Shanxi Securities Co., Ltd. as its main broker to assist with the share transfer process and related matters [2]. Group 2: Financial Performance and Challenges - *ST Jiyuan has experienced a cumulative stock price decline of 83.59% since the beginning of the year, reflecting severe financial distress [3]. - The company reported a revenue of 333 million yuan for 2024, a year-on-year decrease of 3.69%, and a net loss of 439 million yuan, indicating an increase in the loss margin compared to the previous year [4]. - The company faces significant operational challenges due to severe liquidity shortages, overdue debts, and multiple lawsuits, which have led to the freezing of bank accounts and assets [4][5]. Group 3: Audit and Bankruptcy Proceedings - The financial report for 2024 received an audit opinion of "unable to express" from Beijing Dehao International Accounting Firm, highlighting major uncertainties regarding the company's ability to continue operations [5]. - In 2023, *ST Jiyuan applied for bankruptcy reorganization due to its inability to repay debts and lack of repayment capacity, but the pre-reorganization process was ultimately unsuccessful [7]. - The court determined that the pre-reorganization plan was not approved, increasing the risk of delisting for the company [7].

证券代码：600165 股票简称：ST 宁科 公告编号：临 2025-068 宁夏中科生物科技股份有限公司 关于重整及预重整事项的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容及风险提示： ● 截至本公告披露日，宁夏中科生物科技股份有限公司（以下简称：公司 或宁科生物）除已披露的被申请重整及预重整、子公司宁夏中科生物新材料有 限公司（以下简称：中科新材）被法院裁定进行重整的事项外，未发生该事项 相关进展。 ● 中科新材进入重整程序，重整能否成功存在不确定性，如法院最终裁定 中科新材重整不成功，将存在被法院宣告破产的风险，公司将可能失去对中科 新材的控制权，存在失去对子公司的持股的风险，届时公司将无法再将中科新 材纳入合并报表，对公司资产、本期及期后利润产生一定的影响。但目前公司 仍为中科新材控股股东，对其后续重整过程及重整计划草案表决拥有表决权及 一定的决策权。此外，中科新材重整是基于公司及子公司整体协同重整、按统 一方案同时完成重整的整体计划及整体安排的基础上进行，并非孤立事件。如 按公司原定计划，公司能 ...

随后，肖四清完成了对董事会、监事会及高级管理人员的换届改选，并积极推动上市公司聚焦跨境电商 出口业务这一战略转型，"天泽信息"于2022年12月顺利更名为"有棵树"。 21世纪经济报道记者杨坪深圳报道 "摘帽"后的有棵树（300209.SZ）再遇僵局。 近日，在有棵树2024年度业绩网上说明会上，高管团队表示，通过破产重整，上市公司已化解债务危 机，后续将充分借助重整投资人提供的流动性支持和产业投资人承诺的优质产业资源，对跨境电商出口 业务进行赋能。 但不久前，有棵树的新老股东矛盾持续激化——原大股东控制下的董事会，否决了产业投资人——深圳 市天行云供应链有限公司（下称"天行云"）大股东、董事长王维一方，关于召开临时股东大会更换董事 会的提议。 由于迟迟无法拿下上市公司控制权，产业投资人至今未展开资产注入等工作。这也导致，上市公司虽然 通过重整暂时性地摆脱了债务风险，顺利摘下"*ST"的帽子，但距离"重生"仍有不小的距离。 今年一季度，有棵树的营业收入下降80.87%至2249.13 万元，扣非净利润及经营活动产生的现金流量净 额仍为负值。 "公司正在和各股东进行核实、协调和磋商，希望股东能履行重整计划的承诺 ...

Core Viewpoint - The article discusses the bankruptcy restructuring of Longxin Group and the legal actions taken by its former actual controller, Tu Jianhua, who claims his interests have been harmed during the restructuring process [2][14]. Group 1: Background Information - Tu Jianhua was once a billionaire and the actual controller of Longxin Group, which controlled four listed companies at its peak: Longxin General (603766.SH), Fenghua Shares (600615.SH), Hanhua Financial (3903.HK), and Qihe Environmental (0976.HK) [2][11]. - Longxin Group was included in China's top 500 enterprises for 18 consecutive years [2]. Group 2: Bankruptcy Restructuring Process - On January 30, 2022, Chongqing Fifth Intermediate People's Court accepted the bankruptcy restructuring application for Longxin Group and thirteen other companies due to debt defaults [4]. - The restructuring plan was approved by the court on November 21, 2022, after a creditors' meeting [7]. - The total asset valuation of the thirteen companies was assessed at 10.825 billion yuan, with a confirmed debt of 36.76 billion yuan, indicating insolvency [8][9]. Group 3: Legal Actions and Claims - Tu Jianhua filed a lawsuit against the restructuring managers, claiming damages for not being able to enjoy the restructuring rights associated with his shares in Longxin General [14]. - He is seeking compensation of approximately 30.89 million yuan for losses incurred due to the restructuring process [14]. - The lawsuit highlights concerns over the management's decision to change the restructuring plan from a comprehensive approach to a segmented sale without proper approvals [14]. Group 4: Changes in Control - As of December 27, 2024, the control of Longxin General was transferred to Zongshen Group, led by Zuo Zongshen, marking a significant shift in ownership [15][16]. - The establishment of a new holding company, New Longxin Holdings, which was supposed to grant Tu Jianhua a 5% equity stake, has been rendered void due to the asset restructuring [12].

Core Viewpoint - The founder of Longxin Group, Tu Jianhua, is contesting the bankruptcy restructuring of Longxin Group and thirteen affiliated companies, claiming that his interests have been harmed during the process [2][4]. Group 1: Background Information - Tu Jianhua, born in April 1963, was once a billionaire and the actual controller of Longxin Group, which controlled four listed companies at its peak [3]. - Longxin Group and its thirteen companies were accepted for bankruptcy restructuring by the Chongqing Fifth Intermediate People's Court on January 30, 2022, due to debt defaults [4][5]. Group 2: Restructuring Process - The restructuring plan for the thirteen companies was approved by the Chongqing Fifth Intermediate People's Court on November 21, 2022, after a creditors' meeting [7]. - The total asset valuation of the thirteen companies was assessed at 10.825 billion yuan, with a total debt of 36.76 billion yuan, indicating insolvency [8][9]. Group 3: Legal Actions - Tu Jianhua has filed a lawsuit against the restructuring managers, seeking compensation for losses incurred due to changes in the restructuring plan that he claims were made without proper approval [13]. - The lawsuit has been accepted by the Beijing Chaoyang District Court, indicating the legal process is underway [16]. Group 4: Changes in Control - Following the restructuring, the control of Longxin General has shifted to Zongshen Group, with the formal transfer of control occurring on December 27, 2024 [14][15].

目前，*ST东园的索赔正在征集中。受损股民是否符合索赔条件？索赔流程是怎样的？股民朋友可联系 《投资快报》股票维权咨询、新闻报料渠道（微信：tz315-wh）。报社将组织专业的金融315团队，为 广大投资者提供一站式咨询，协助投资者通过法律途径及时挽回投资受损。 根据披露的违法事实，*ST东园的财务"魔术"集中在广西贵港市覃塘区全域旅游PPP项目。2019年12 月，公司在调减项目成本2232.19万元时，故意隐瞒关键财务调整，直至2022年才姗姗来迟地调减营业 收入。这一操作如同多米诺骨牌，导致2019年虚增收入、利润及资产各3541.84万元，2020-2021年持续 虚增资产，2022年又突然"变脸"虚减收入利润。更令人咋舌的是，其发行的"20东林G1"公司债券募集说 明书竟直接采用虚假财务数据，将造假范围从股市延伸到债市，形成横跨多层次资本市场的信息欺诈。 *ST东园现状：困境中求生存 记者 萧峰 曾几何时，北京东方园林环境股份有限公司（证券简称：*ST东园，证券代码：002310）以园林行业龙 头之姿，在资本市场风光无限，其股价走势也曾牵动着无数投资者的心弦，被誉为"绿色经济的璀璨明 珠"。然而，一 ...

Core Viewpoint - The financial misconduct and operational failures of Zotye Auto have led to severe regulatory actions and a significant decline in market confidence, highlighting the challenges faced by traditional automotive companies in the transition to new energy vehicles [1][3][5]. Financial Misconduct - Zhejiang Securities Regulatory Bureau issued a warning to Zotye Auto for inaccurate financial disclosures over four consecutive years, violating the "Real, Accurate, and Complete" principle of the Information Disclosure Management Measures [3]. - The company admitted to significant errors in its financial data from 2021 to 2024, revealing systemic issues in financial management and internal controls [3][4]. - As of Q1 2025, Zotye Auto's total assets were 3.505 billion yuan, total liabilities were 3.368 billion yuan, and the debt-to-asset ratio reached 96.1% [4]. Operational Decline - Zotye Auto's sales plummeted to just 14 vehicles in 2024, with zero new car production, resulting in a 23.96% year-on-year decline in revenue to 558 million yuan and a net loss of 1 billion yuan [4]. - The company has accumulated losses of 25.3 billion yuan over six years, while executive compensation increased by 61% in 2024, raising concerns about asset depletion [4][5]. Market Position and Strategy - The decline of Zotye Auto serves as a case study in the automotive industry's elimination process, where the company failed to innovate and adapt to market demands, particularly in the transition to new energy vehicles [3][5]. - Experts suggest that Zotye Auto needs to attract strategic investors with technological capabilities to revitalize its operations and focus on the new energy vehicle sector [5]. Customer Impact - The operational crisis has left thousands of Zotye Auto customers facing difficulties in vehicle maintenance and warranty claims, with reports of parts shortages and high repair costs [5]. - Legal experts indicate that the company is obligated to provide parts for ten years post-production, but its financial instability raises concerns about fulfilling these obligations [5]. Regulatory Recommendations - There are calls for stricter regulations on "zombie companies" and the establishment of a blacklist for companies with repeated financial misconduct, emphasizing the need for accountability in the automotive sector [5].

针对业绩承诺的问题，王维表示，他确实出过一个业绩承诺，但是是出具给当地政府，并不是给上市公 司或者肖四清，不清楚为何肖四清能获取该承诺函，而且该承诺有前置条件，是2024年拿到上市公司实 控权。他表示，产业投资人通过上市公司重整成为主要股东，基本上都不会出具业绩承诺，业绩承诺是 在收购资产、资产注入的情况下才会出现，"产业投资人在还没拿到上市公司实控权的情况下，在还没 有掌控经营，资产还没有注入的情况下，不可能进行业绩承诺，注入资产，需要走流程，需要监管方面 批准，时间上有很大不确定性，我也不可能给出业绩承诺。" 有棵树（300209）近期撤销退市风险警示及其他风险警示，投资者为此兴奋不已，股价也应声而涨。不 过，上市公司管理层与第一大股东之间发生矛盾，为后续发展蒙上阴影。 本月初，通过重整进入有棵树的产业投资人——深圳市天行云供应链有限公司（下称"天行云"）大股 东、董事长王维一方，提议召开临时股东大会更换董事会，被有棵树董事会投票否决。 证券时报记者采访了有棵树董事长肖四清和王维，双方矛盾争议的焦点主要是，肖四清认为王维一方违 反约定，没有实力；王维则表示，对方指控理由不成立，同时为掏出真金白银成为股东却 ...