每经记者｜温梦华 每经编辑｜叶峰 不过，公司也表示，目前处于预重整阶段，预重整为法院正式受理重整前的程序，公司是否能进入重整 程序尚存在不确定性。即使法院正式受理重整申请，后续仍然存在因重整失败而被宣告破产并被实施破 产清算的风险。如果公司因重整失败而被宣告破产，根据相关规定，公司股票将面临被终止上市的风 险。 《每日经济新闻·将进酒》记者注意到，自2023年7月，拉萨中院决定对连连亏损、资不抵债的ST西发启 动预重整以来，目前ST西发收到法院的延期决定书已多达20余次；并多次发布公司股票可能被终止上 市的风险提示公告。 近几年来，ST西发的业绩承压明显。数据显示，2021年～2024年，ST西发的营收分别为3.93亿元、2.77 亿元、3.37亿元、4.21亿元；归属于上市公司股东的净利润则分别为-0.16亿元、-0.79亿元、-0.26亿元、 0.26亿元。根据7月12日公司发布的业绩预告，2025年上半年净利润预计在1900万元~2850万元。 8月27日，ST西发再次发布预重整延期的公告。 公告称，公司于2025年8月26日收到拉萨中院决定书（2023）藏01破申4号，内容显示，法院认为，临时 管理人 ...

Core Viewpoint - The company is undergoing a pre-restructuring process due to financial difficulties, with a focus on operational adjustments and debt management strategies to improve its financial health [10][14]. Group 1: Business Overview - In the tourism sector, the Sanya Phoenix Ridge scenic area saw a visitor increase of 9.52% year-on-year, totaling 230,000 visitors in the first half of 2025 [8]. - The company is managing 450 acres of coconut and other crops in the Chengmai Dafen project and is exploring partnerships with agricultural enterprises [8]. - The "Sea View Haikou" cruise project faced challenges due to market competition and vessel inspections, operating 5 passenger trips and 13 charter trips in the first half of 2025 [8]. Group 2: Media and Advertising - In the internet advertising segment, the company signed contracts with 33 advertisers in the first half of 2025, with 23 being new clients, and produced 12,453 self-made videos [9]. - The mobile audio and video business is focusing on enhancing content quality and quantity in line with operator cooperation assessment rules [9]. Group 3: Other Business Segments - The office leasing business reported a leased area of 25,645.2 square meters, with a signed area of 5,539.8 square meters in the first half of 2025 [10]. - The mobile gaming sector is strengthening partnerships with publishers to reduce operational risks and enhance product quality [10]. Group 4: Restructuring Progress - The company is in a pre-restructuring phase initiated by a court application due to its inability to repay debts, with a temporary management team appointed to oversee the process [10][14]. - A second temporary creditors' meeting was held on August 18, 2025, where a debt financing proposal was approved by 81.82% of the voting creditors, representing 94.92% of the unsecured debt [14].

Core Viewpoint - The company has successfully eliminated certain risk warnings related to non-operational fund occupation by its controlling shareholder, but still faces other risk warnings due to ongoing financial issues and uncertainties regarding its restructuring process [1][2][3] Group 1: Risk Warnings - The company previously faced risk warnings due to non-operational fund occupation by its controlling shareholder, which exceeded 5% of the latest audited net assets and amounted to over 10 million [1] - The Shanghai Stock Exchange has approved the removal of specific risk warnings, but the company still faces other risk warnings due to unresolved financial issues [2] - The company has received negative opinions on its internal control effectiveness from auditors for the 2023 and 2024 financial reports, leading to continued risk warnings [2][3] Group 2: Restructuring Process - The company is currently in a pre-restructuring phase and has not yet received court documents regarding formal restructuring, leading to uncertainty about its future [2][3] - The Beijing First Intermediate People's Court has initiated pre-restructuring for the company, but this does not guarantee entry into formal restructuring [3] Group 3: Regulatory Issues - The company is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws, and has received a notice of case filing [4] - The company is cooperating with the regulatory investigation and has not yet received a conclusive opinion or decision regarding the case [4]

Group 1 - The company experienced a significant stock price fluctuation, with a cumulative deviation of 35.11% over two consecutive trading days on August 18 and 19, 2025, indicating abnormal trading activity [1] - The company's board of directors conducted inquiries with major stakeholders, including the controlling shareholder and senior management, confirming no undisclosed significant information affecting stock trading [1][2] - The company has not disclosed any major matters related to its pre-restructuring process that have not been previously reported, ensuring compliance with relevant regulations [2][3] Group 2 - The company is currently undergoing a pre-restructuring process, which is a preliminary step before formal restructuring, and the outcome remains uncertain [3] - If the restructuring is successful, it could improve the company's financial structure and sustainability; however, failure could lead to bankruptcy and delisting risks [3]

Core Viewpoint - ST Xiangxue (300147) has received an administrative penalty decision from the China Securities Regulatory Commission (CSRC) due to information disclosure violations, with some penalties being reduced compared to the prior notice [1] Regulatory Actions - The administrative penalty decision no longer imposes a 5-year market ban on the actual controller Wang Yonghui and removes the warning and 500,000 yuan fine against the former independent director Hao Shiming, while other penalties remain consistent with the prior notice [1] Corporate Restructuring - The Guangzhou Intermediate People's Court has agreed to extend the company's pre-restructuring period until October 11, 2025, during which the company will actively cooperate with the temporary administrator and the court [1] - The company has publicly appointed auditing, evaluation, and financial advisory intermediaries, with the auditing and evaluation work progressing smoothly [1] Business Operations - The company emphasizes the clinical value and market potential of TAEST16001 and is fully advancing the preparatory work for confirmatory clinical trials, with updates to be disclosed according to clinical developments and information disclosure rules [1]

Core Viewpoint - The announcement details the establishment of new related party relationships and the expected daily related transactions for the year 2025, emphasizing that these transactions will not harm the interests of the company or minority shareholders and will adhere to fair market pricing principles [1][8]. Group 1: Daily Related Transactions Overview - The company is undergoing a pre-restructuring process initiated by the local court, which has appointed a temporary management team to oversee the restructuring efforts [1][2]. - The expected total amount for daily related transactions in 2025 is projected to be no more than RMB 110 million, involving "technical consulting services" and "beneficial debt borrowing" [2][3]. - The board of directors has approved the proposal for these related transactions, with a voting outcome of 6 in favor and no opposition [2][3]. Group 2: Related Parties and Relationships - Hunan Chuantou Industrial Development Co., Ltd. is identified as a new related party, which will gain actual control of the company post-restructuring [2][5]. - Hunan Chuantou has no prior relationships with the company or its management before the signing of the pre-restructuring investment agreement [5][7]. - Hunan New Harmony Biological Medicine Co., Ltd. is also noted as a related party, with similar conditions regarding prior relationships [6][7]. Group 3: Transaction Details and Pricing - The related transactions include borrowing beneficial debt and signing technical consulting service agreements, which are necessary for normal business operations [7][8]. - Pricing for these transactions will be determined based on fair market principles, ensuring that they do not harm the interests of the company or its shareholders [8][9]. Group 4: Impact on Company Operations - The related transactions are deemed essential for the company's daily operations and are expected to positively influence its business activities [8]. - The company maintains independence from related parties in various aspects, ensuring that these transactions do not lead to dependency or control by the related parties [8][9].

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：000691 证券简称：*ST亚太 公告编号：2025-072 甘肃亚太实业发展股份有限公司 关于临时管理人公开招募和遴选重整投资人的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 一、基本情况 2025年7月10日，广州万顺技术有限公司以甘肃亚太实业发展股份有限公司（以下简称"公司"）不能清 偿到期债务且明显缺乏清偿能力向甘肃省兰州市中级人民法院（以下简称"兰州中院"）申请对公司进行 破产重整及预重整；2025年7月11日，兰州中院决定对公司启动预重整，并指定甘肃亚太实业发展股份 有限公司清算组担任公司预重整期间的临时管理人，同时要求债权人于2025年8月10日前向临时管理人 申报债权。具体内容详见公司于2025年7月12日在巨潮资讯网（www.cninfo.com.cn）披露的《关于公司 被债权人申请重整暨被法院启动预重整及指定临时管理人的公告》（公告编号：2025-063）、《关于被 债权人申请重整及预重整事项的专项自查报告》（公告编号：2025-064）、《关于公司预重整债权申报 通 ...

Core Viewpoint - *ST Lingda is facing significant financial and operational challenges, including a lack of actual control, ongoing litigation, and a slow restructuring process, which may lead to bankruptcy if unresolved [1][5][6]. Financial Performance - In 2024, the company reported revenue of 61.15 million yuan, a year-on-year decline of 92.71% [3]. - The net profit attributable to shareholders was -950 million yuan, a decrease of 262.42% year-on-year [3]. Restructuring and Legal Issues - The company and its legal representative, Wang Mingsheng, are under consumption restrictions due to a financing lease dispute with Haier Financing Leasing Co., Ltd., involving approximately 11.69 million yuan [2]. - The pre-restructuring process has been ongoing for over a year, with the company lacking an actual controlling shareholder after the original shareholder's equity was transferred to settle debts [1][6]. - The company has multiple ongoing lawsuits and has been under investigation by the China Securities Regulatory Commission for information disclosure violations [1][2]. Operational Challenges - The subsidiary, Jinzai Jiayue, has faced operational difficulties, including cash flow issues and a halt in production since March 14, 2024, due to funding challenges [4]. - The company announced the termination of the second phase of the TOPCon battery production project on March 31, 2025, due to ongoing financial strain [4]. - A second subsidiary, Golmud Shenguang New Energy Co., Ltd., experienced a temporary shutdown of its photovoltaic power station project due to safety issues [4]. Management Background - Wang Mingsheng has extensive experience in the renewable energy sector, having held various leadership positions in multiple companies prior to his current role at *ST Lingda [3].

每经记者｜张宝莲 每经编辑｜魏官红 记者注意到，*ST聆达预重整程序已期满一年，2024年7月，公司启动预重整程序，但如今重整程序仍 存不确定性。 今年3月，公司原控股股东杭州光恒昱企业管理合伙企业（有限合伙）（以下简称"杭州光恒昱"）股权 被划转抵债，公司变更为无实际控制人状态。此外，公司还身背多项诉讼纠纷，并因信披违规被证监会 立案。目前公司重整事项有何进展？8月8日，《每日经济新闻》记者致电*ST聆达证券部，但工作人员 拒绝了采访。 公司及法定代表人王明圣被"限消" 公告显示，相关主体被限制消费的原因，是公司方面与海尔融资租赁股份有限公司存在一笔融资租赁合 同纠纷，公司未完全履行付款义务，涉案金额约为1169万元。青岛市市南区人民法院依据相关法律规定 采取了限制消费措施。 限制消费令自发出之日起生效，履行完毕法律义务后解除。公司表示，正积极协调资金安排以推进解决 问题，并指出该事项可能对公司的商誉及融资造成较大影响，若债务问题未能及时解决，可能进一步触 发供应链合作方收紧信用政策或终止合作。 记者注意到，王明圣是一名"80后"，公司2024年财报显示，他是金寨华成未来新能源科技合伙企业（有 限合伙）（以 ...

Core Viewpoint - The company, Oriental Fashion Driving School Co., Ltd., has failed to rectify fund occupation issues by the deadline set by the Shanghai Stock Exchange, leading to the suspension of its stock and convertible bonds starting June 20, 2025, for a period not exceeding two months [2][3]. Group 1: Company Status and Actions - As of the announcement date, the company has not recovered any of the approximately 387 million yuan occupied by its controlling shareholder and related parties [4]. - The company is currently in a pre-restructuring phase and has not received any legal documents regarding entering a formal restructuring process, creating uncertainty about its future [2][8]. - The company has initiated legal proceedings against Beijing Tonglong Automobile Sales Co., Ltd. for non-compliance with a court mediation agreement, seeking to enforce payment obligations [4]. Group 2: Suspension and Resumption Conditions - The company's stock and convertible bonds will remain suspended until it completes the required rectification during the suspension period; failure to do so will lead to delisting risk warnings [6][7]. - If the company does not complete the necessary rectification within the suspension period, the Shanghai Stock Exchange will implement delisting risk warnings, and if unresolved within an additional two months, it may terminate the listing of the company's stock and convertible bonds [6][7]. Group 3: Regulatory Actions and Compliance - The company received a corrective action order from the Beijing Securities Regulatory Bureau due to suspected violations of information disclosure regulations [3]. - The company is cooperating with the China Securities Regulatory Commission regarding an investigation into its information disclosure practices [6].