Core Viewpoint - La Chapelle has successfully entered the execution phase of its restructuring plan, approved by the Shanghai Third Intermediate People's Court, marking a significant step towards overcoming its financial difficulties and market challenges [1] Group 1: Restructuring Progress - In April 2023, La Chapelle's restructuring plan draft received high approval from creditors and investors, indicating strong support from various stakeholders [1] - The company officially entered the restructuring process in September 2023 and began recruiting restructuring investors [1] - In July 2024, La Chapelle signed a restructuring investment agreement with Hangzhou Guangsui Jin Investment Holding Co., Ltd. and Shanghai Dongfang Securities Innovation Investment Co., Ltd. [1] Group 2: Financial Support - Guangsui Jin Investment will provide 220 million yuan in restructuring investment to help La Chapelle repay debts [1] - Dongfang Innovation is expected to offer 199 million yuan in interest-free liquidity support to enhance the company's working capital [1] Group 3: Future Directions - The restructuring plan focuses on several key areas: executing the plan under management supervision, resolving historical debts, and enhancing profitability [2] - The company aims to divest inefficient assets, optimize its equity structure, and dispose of subsidiaries with no substantial business [2] - Strengthening core brand development and implementing tailored strategies for each brand are also priorities [2] - La Chapelle plans to enhance business control for sustainable development and improve its credit system to boost financing capabilities [2]

年产1300万桶石油的刚果(布)佳柔油田顺利复工复产，1100余人的就业岗位得以保留，这是我国首例直 接涉及共建"一带一路"项目企业实质合并重整成功的案例，由中国中信金融资产(以下简称"中信金融资 产")实施的南方石化破产重整的典型案例。 中信金融资产有关负责人表示，从传统资产包到主动定制化方案，从清算僵局到合并重整突破，从共益 债输血到产业链盘活，这起横跨亚非大陆、涉及近200亿元债权和上百名债权人的复杂案例，因中信金 融资产创新设计的"三步走"路线，探索出一条困境资产价值再造的新路径，更以实践印证了"破产重整 不是企业终点，而是产业新生起点"。 定制化策略从"存量分配"到"增量创造" "救治生病企业，并非简单切除。"中信金融资产广东分公司项目负责人表示，他们主动与法院、破产管 理人、各债权人及债务人进行深入沟通，反复论证分析，推动形成各方认可的重整方案。 在案件审理过程中，南方石化集团与9家关联公司法人人格高度混同。2023年10月，管理人向广州中院 申请将南方石化集团等10家公司实质合并重整。广州中院审查后认为，合并重整合法且有利于债权人利 益，于2024年3月裁定合并重整。这意味着分散在10家公司的资 ...

证券代码：300198 证券简称：ST 纳川 福建纳川管材科技股份有限公司投资者关系活动记录表 编号：2025-001 | 投资者关系活动 | □特定对象调研 □ 分析师会议 | | --- | --- | | 类别 | 媒体采访 业绩说明会 □ □ | | | 路演活动 □ 新闻发布会 □ | | | □ 现场参观 | | | □ 其他（2025 年福建辖区上市公司投资者网上集体接待日） | | 参与单位名称及 | 投资者网上提问 | | 人员姓名 | | | 时间 | 2025 年 5 月 14 日 (周三) 下午 14:00~17:00 | | 地点 | 公司通过全景网"投资者关系互动平台"（https://ir.p5w.net） | | | 采用网络远程的方式召开业绩说明会 | | 上市公司接待人 | 1、董事长、董秘（代）、财务总监（代）陈志江 | | 员姓名 | 2、副总经理林先焱 | | | 3、总经理助理、财务经理连海阳 | | | 投资者提出的问题及公司回复情况 | | | 公司就投资者在本次说明会中提出的问题进行了回复： | | | 1、公司的重整进度如何？什么时候公布最终投资人 | | ...

Group 1: Company Restructuring Status - The company is actively conducting recruitment and selection of out-of-court restructuring investors, with ongoing debt claims and audits, but the timeline for entering the restructuring process remains uncertain [1][7][8]. - The company has not yet received results from the investigation by the China Securities Regulatory Commission (CSRC), which is still ongoing [2][28][80]. - The restructuring process is complex and involves multiple factors, including creditor communication and regulatory compliance, which require time to reach consensus [3][36][40]. Group 2: Financial Performance and Challenges - The company reported a total loss in the first quarter of 2025, with efforts focused on cost reduction and business expansion [6][31]. - The company has faced significant financial difficulties, with losses amounting to several billion over the past two years, raising concerns about potential delisting [5][39][80]. - The company is under investigation for alleged financial data discrepancies, which could impact its restructuring efforts [2][80]. Group 3: Investor Relations and Communication - The company has received numerous inquiries from investors regarding the restructuring progress and the timeline for announcing potential investors [4][66][83]. - The company emphasizes the importance of adhering to legal procedures in the restructuring process and has refrained from disclosing investor names to avoid misleading the market [5][54]. - The company acknowledges the urgency expressed by investors for updates on restructuring but maintains that all actions must comply with legal requirements [3][36][40]. Group 4: Industry Position and Future Outlook - The company is focusing on the development of its vehicle networking technology and aims to enhance its market position through strategic partnerships [6][67]. - The vehicle networking chip is expected to enter mass production this year, which is seen as a critical step for the company's future growth [5][81]. - The company is committed to improving its core competitiveness and protecting investor interests amid ongoing challenges [4][36][80].

据*ST有树4月17日晚披露的2024年年报，报告期内，该公司实现营业收入3.87亿元，同比下降16.73%； 归母净利润5675.97万元，上年同期亏损4.85亿元；基本每股收益0.0611元。 *ST有树表示，报告期内，受历史债务和资金压力等影响，公司经营业务复苏不及预期，营业收入较上 年仍有所下滑；但因破产重整产生债务重组收益2.1亿元，公司归母净利润成功转正。 破产重整完成后，*ST有树（300209）逐渐走出阴霾，并即将被撤销退市风险警示和其他风险警示。 5月11日，*ST有树公告，公司关于撤销对公司股票交易退市风险警示及其他风险警示的申请已获得深 交所审核同意，公司股票将于2025年5月12日开市起停牌1天，于2025年5月13日开市起复牌。复牌后撤 销退市风险警示及其他风险警示，撤销退市风险警示及其他风险警示后，公司股票简称将由"*ST有 树"变更为"有棵树"，股票交易日涨跌幅限制仍为20%。 *ST有树2011年在深交所上市，是主要以B2C业务模式为主的跨境电商出口企业，主要依托Amazon等第 三方综合性电商平台，向境外消费者售卖中国制造的产品。 该公司2023年年度审计报告显示，2023年 ...

5月11日，ST 金科（000656.SZ，下称"金科"）发布公告称，重庆金科地产房地产开发有限公司（下称 "重庆金科"）重整计划草案获得普通债权组投票通过。至此，金科及重庆金科的重整计划草案获得多数 债权人投赞成票。 5月10日及5月11日，重庆市第五中级人民法院（下称"重庆五中院"）裁定普准金科及重庆金科的重整计 划。这意味着金科及子公司重庆金科的破产重整取得重要进展，下一步将进入执行环节。 2024年4月22日，重庆五中院正式裁定受理金科股份及重庆金科的重整申请。同年5月17日，五中院指定 立信会计师事务所（特殊普通合伙）重庆分所与北京市金杜律师事务所上海分所联合担任管理人。 2024年7月25日，金科股份及重庆金科分别召开第一次债权人会议，审议并通过了《债务人财产管理方 案》等核心议案。 2024年11月22日，管理人召开重整投资人评审委员会会议，对上海品器管理咨询有限公司及北京天娇绿 苑房地产开发有限公司提交的重整投资方案进行评分，最终确认两家公司为重整投资人。 根据重庆金科重整计划草案的相关规定，若部分表决组未表决通过重组计划草案，且拒绝再次表决或再 次表决仍未通过，债务人或管理人有权申请法院强制 ...

每经记者｜彭斐 每经编辑｜杨夏 随着破产重整的完成，*ST有树（以下简称有棵树，SZ300209，股价5.27元，市值48.94亿元）将于下 周"摘星脱帽"。 5月11日晚间，有棵树公告显示，公司股票将于2025年5月12日（星期一）开市起停牌1天，并于2025年5 月13日（星期二）开市起复牌。 公告还显示，有棵树股票交易将于2025年5月13日（星期二）开市起撤销退市风险警示及其他风险警 示，股票简称由"*ST有树"变更为"有棵树"，股票代码仍为"300209"，股票交易的日涨跌幅限制不变， 仍为20%。 《每日经济新闻》记者注意到，虽然解除了退市风险，但有棵树的持续经营能力，却未发生实质性改 善。截至2024年末，该公司扣非归母净利润已经连续6年为负值。 *ST有树将"摘星脱帽" 大约一年前，因为2023年末经审计的归属于上市公司股东的所有者权益为负值，有棵树自2024年4月29 日开市起被实施退市风险警示。 另外，公司2021年度、2022年度及2023年度扣除非经常性损益前后净利润均为负值，且2023年年度审计 报告显示公司持续经营能力存在不确定性，其股票自2024年4月29日开市起继续被实施其他风 ...

Core Viewpoint - The company has successfully completed its bankruptcy reorganization, resulting in a debt restructuring gain of 210 million yuan, which has positively impacted its financial position and operational capabilities [1][10][12]. Group 1: Bankruptcy Reorganization Process - The company applied for bankruptcy reorganization due to severe financial difficulties and was accepted by the Changsha Intermediate People's Court on September 30, 2024 [2]. - The reorganization plan was approved on December 2, 2024, and the court confirmed the completion of the plan on December 25, 2024 [3][7]. - The reorganization involved a capital increase through the conversion of capital reserves into share capital, resulting in a total of 506,528,796 shares post-restructuring [3][4]. Group 2: Debt Restructuring Details - The company categorized its debts into secured claims, tax claims, ordinary claims, and subordinated claims, with specific amounts confirmed for each category [5]. - As of April 25, 2025, the company had completed 98.73% of cash payments to creditors and 92.66% of stock payments, indicating effective execution of the restructuring plan [7][8]. - The restructuring plan allowed for the conversion of debts into equity at a price of 10 yuan per share, with specific provisions for different classes of creditors [8][12]. Group 3: Financial Impact and Recovery - The company reported a net asset increase of 210.2 million yuan due to the debt restructuring, significantly improving its financial health [11][12]. - The company’s cash and cash equivalents increased by 1.086 billion yuan, while liabilities decreased by 403.5 million yuan as a result of the reorganization [12][25]. - The company’s operational recovery is supported by the infusion of capital from restructuring investors, which is expected to enhance its cross-border e-commerce business [26][27]. Group 4: Future Business Strategy - The company plans to leverage the resources provided by restructuring investors to strengthen its cross-border e-commerce operations and diversify its market presence [27]. - Strategies include retaining high-quality assets, adjusting or divesting underperforming assets, and expanding into non-U.S. markets to mitigate risks [27][28].

Core Viewpoint - The company has undergone a bankruptcy restructuring process, which has been completed successfully, resulting in a debt restructuring gain of 210 million yuan. The restructuring involved capital increases and cash repayments to resolve debts [1][11]. Group 1: Bankruptcy Restructuring Process - The company applied for bankruptcy restructuring due to severe insolvency and lack of repayment ability, which was accepted by the Changsha Intermediate People's Court on September 30, 2024 [2]. - The restructuring plan was approved on December 25, 2024, and the restructuring process was concluded, confirming the execution of the plan [2][7]. - The restructuring involved a capital increase from capital reserves, resulting in a total share capital increase to 506,528,796 shares, with specific allocations for debt repayment and investor shares [3][5]. Group 2: Debt Restructuring Details - The debt was categorized into secured claims, tax claims, ordinary claims, and subordinated claims, with specific amounts confirmed for each category as of November 13, 2024 [5][6]. - The company received a total of 1,086,803,145 yuan from restructuring investors, which was fully paid into the management account by December 13, 2024 [6][11]. - The restructuring plan included provisions for cash repayment to creditors and stock issuance for debt settlement, with a stock conversion price set at 10 yuan per share [7][8]. Group 3: Financial Impact and Performance - The restructuring resulted in a net asset increase of 210.2 million yuan, with cash and cash equivalents rising to 1,117.82 million yuan by the end of 2024 [12][18]. - The company reported a significant reduction in liabilities, with a decrease of 403.46 million yuan in various payable accounts and long-term debts [13][14]. - Despite operational challenges, the company aims to leverage the restructuring to enhance its cross-border e-commerce business, focusing on improving operational efficiency and expanding market reach [22][19]. Group 4: Market and Competitive Landscape - The cross-border e-commerce industry is facing increased competition and operational cost pressures due to recent changes in tariff policies and market dynamics [20][21]. - The company has experienced a decline in sales revenue, attributed to operational disruptions and historical debt burdens, but is now positioned to recover through strategic adjustments and resource allocation [22][19]. - The company plans to enhance its brand presence and operational capabilities to regain market competitiveness and improve financial performance [22][19].

5月7日，*ST长药发布公告称，公司和临时管理人已分别与四川嘉道博文生态科技有限公司（简称"嘉 道博文"）等6家产业投资人和财务投资人签署了重整投资协议。 协议显示，此次重整以*ST长药总股本 3.5亿股为基数，按每10股转增15股的比例进行资本公积金转增 股本，共计可转增5.25亿股，转增价格2.42元/股。转增完成后，*ST长药的总股本增至8.75亿股。 其中，嘉道博文拟出资5.93亿元获得2.45亿股转增股份，重整完成后将成为*ST长药控股股东。另一位 产业投资人昊炜生物以2542万元认购1050.42万股，剩余股份则被用于抵偿债务及引入财务投资人。 据了解，*ST长药主要从事中药饮片生产销售，以及药品、保健品和医疗器械批发等业务。2022年-2024 年，*ST长药营收分别为16.15亿元、11.97亿元1.12亿元；扣非后净利润-0.76亿元、-6.32亿元、-5.69亿 元。由于连续三年扣非净利润为负值，*ST长药已在4月20日被实行"退市风险警示"；股票简称也由长 药控股变为 "ST长药"。 实际上，龚虹嘉在破产重整的资本运作方面经验颇丰。龚虹嘉控制的嘉道功程参与了*ST开元重整， 2024年上 ...