---
title: "Hi-Target: The controlling subsidiary Lingjing Technology has been ruled by the court to undergo bankruptcy liquidation"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/242913735.md"
description: "Hi-Target's subsidiary Lingjing Technology has been accepted for bankruptcy liquidation by the court due to a creditor's application. Lingjing Technology mainly engages in technology and cultural tourism business, which has shrunk in recent years due to the impact of public health events, with an operating income of only 47,400 yuan and a net profit of 5.6965 million yuan in 2024. Lingjing Technology has little business connection with Hi-Target and other subsidiaries, so the bankruptcy liquidation will have little impact on the company's production and operations"
datetime: "2025-06-03T10:27:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/242913735.md)
  - [en](https://longbridge.com/en/news/242913735.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/242913735.md)
generator: "portal-rs"
---

# Hi-Target: The controlling subsidiary Lingjing Technology has been ruled by the court to undergo bankruptcy liquidation

According to the Zhitong Finance APP, Hi-Target (300177.SZ) announced that its controlling subsidiary, Xi'an Lingjing Technology Co., Ltd. ("Lingjing Technology"), received a "Civil Ruling" issued by the Intermediate People's Court of Xi'an, Shaanxi Province on June 3, 2025, accepting the bankruptcy liquidation application filed by creditor Shaanxi Jinshihau Decoration Engineering Co., Ltd. ("Jinshihau Company") against Lingjing Technology.

It is reported that Lingjing Technology mainly engages in technology and cultural tourism business. Affected by significant public health events, the cultural tourism market has been severely impacted, and Lingjing Technology's business has significantly shrunk in recent years, with an operating income of only 47,400 yuan in 2024. Its net profit for 2024 was 5.6965 million yuan, mainly due to the recovery of a specific bad debt provision for accounts receivable during that year. Lingjing Technology has little business connection with the company and other subsidiaries, and due to the impact on the cultural tourism market, the company has not continued to increase investment in such businesses in recent years. As of the announcement date, Lingjing Technology has no outstanding loans to the company or other subsidiaries. The bankruptcy liquidation of Lingjing Technology will not have a significant impact on the production and operation of the company and its other subsidiaries

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**