Core Points - The company, Beijing Tianyi Shangjia High-tech Materials Co., Ltd., has reported a new bank account freeze amounting to 61.53 million yuan, bringing the total frozen amount to 87.58 million yuan, which represents 2.39% of the audited net assets for the end of 2024 and 2.45% for the first quarter of 2025 [1][5][6] - The frozen funds account for 32.83% of the company's audited cash at the end of 2024 and 39.35% at the end of the first quarter of 2025, indicating a significant impact on the company's liquidity [1][5] - The company is currently facing multiple lawsuits, including a case related to a financing lease contract dispute and a pre-litigation property preservation application, which have led to the freezing of its bank accounts [3][4] Financial Impact - The total amount of frozen bank accounts is substantial, affecting the company's normal cash flow and operational activities [1][5][6] - The company is actively communicating regarding the frozen funds to mitigate the adverse effects on its financial status and operational results, while stating that its production and operations remain normal [1][6] Measures Taken - The company is engaging with relevant parties to resolve the disputes and aims to restore access to the frozen funds as soon as possible [7] - The company is committed to protecting its legal rights and minimizing the impact on its normal business operations [7]

Core Viewpoint - The company, Hunan Baili Engineering Technology Co., Ltd., has experienced significant stock price fluctuations and is facing various operational and financial risks, including substantial losses and legal challenges [1][6][8]. Financial Performance - For the fiscal year 2024, the company reported a net loss attributable to shareholders of CNY 401.45 million and a net loss of CNY 399.31 million after excluding non-recurring items [1][6]. - In the first quarter of 2025, the company recorded a net loss of CNY 30.95 million, with a net loss of CNY 30.27 million after excluding non-recurring items [1][6]. Stock Trading and Risk Warnings - The company's stock price experienced a cumulative deviation of over 12% across three consecutive trading days (June 6, 9, and 10, 2025), triggering abnormal trading alerts [1][6]. - The company has been under additional risk warnings since May 6, 2024, due to a negative internal control audit report from Dahua Accounting Firm [2][6]. Shareholder and Legal Risks - The controlling shareholder, Xizang Xinhai New Venture Investment Co., Ltd., has pledged 76.64 million shares, representing 72.23% of its holdings, and all of its shares are subject to judicial marking and freezing [3][7]. - The company is facing multiple lawsuits from individual investors, with claims totaling CNY 824,102.42, and these cases are set to be heard on June 18, 2025 [3][8]. Asset Preservation and Legal Proceedings - The company is currently under a pre-litigation asset preservation order, with a request to freeze CNY 60 million in bank deposits or equivalent assets, initiated by Hunan Xianxia Construction Co., Ltd. [4][5][8].