V viewing financial report ｜*ST Ruide: All -funded subsidiary is applied for bankruptcy and reorganization

Zhongxin Jingwei, September 7th*ST Ruide announced on the evening of September 7 that the company's wholly -owned subsidiary Oreid Co., Ltd. received a notice from Harbin Intermediate Court. Obviously lacking the capacity of settlement but reorganization value, applying for the restoration of Auride with limited.

Screenshot source:*ST Ryde Announcement

*ST Ruide said that the reorganization application submitted by Liaoyang powder can be accepted by the Harbin Intermediate Court and whether the Auride limited entered the reorganization process is still uncertain. The process, and in accordance with the progress of Oreid's limited bankruptcy reorganization matters, fulfill the information disclosure obligations in a timely manner, please pay attention to follow -up announcements and pay attention to investment risks.

*ST Ruide said that the company's operating income comes from Auride's limited and its subsidiaries. For a limited reorganization application, the company has the risk of losing Auride's limited control. In addition, if Oreid Co., Ltd. is declared bankrupt due to reorganization failure, the company will lose its main business assets and face the risk of terminating listing.

*ST Ruide also said that the company's net assets at the end of the audited period of 2021 were negative. According to the relevant provisions of the "Shanghai Stock Exchange Stock Listing Rules", the company's shares have been implemented Warning, as of June 30, 2022, the net assets attributable to shareholders of listed companies were -491331660.82 yuan (unaudited). According to the relevant provisions of Article 9.3.11, the company's shares will be terminated.

Public information shows that*ST Ruide's main business is the research and development, production and sales of sapphire crystal materials and sapphire products.

In terms of performance, in the first half of 2022, the*ST Ryde's revenue was 311 million yuan during the reporting period, an increase of 1.42%year -on -year; the net loss of the mother was 180 million yuan, and the losses further expanded.

In terms of the secondary market,*ST Ruide's daily limit on September 7 was reported to 1.71 yuan/share, and the total market value is 2.1 billion yuan. (Zhongxin Jingwei APP)

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