--- title: "After answering 73 questions from investors, how ST NARADA will get out of trouble remains to be seen" type: "News" locale: "en" url: "https://longbridge.com/en/news/286279651.md" description: "On May 13th, ST NARADA answered 73 investor questions during its earnings meeting. Despite facing huge losses and a liquidity crisis, it failed to provide new information. The company has overdue debts due to tight funds, and 65 bank accounts have been frozen. To resolve the predicament, ST NARADA proposed plans to negotiate with creditors, seek financing, and integrate upstream and downstream resources. The general manager stated that priority would be given to ensuring high-profit businesses, but the probability of successful self-rescue decreases over time" datetime: "2026-05-13T12:54:07.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286279651.md) - [en](https://longbridge.com/en/news/286279651.md) - [zh-HK](https://longbridge.com/zh-HK/news/286279651.md) --- # After answering 73 questions from investors, how ST NARADA will get out of trouble remains to be seen According to the Beijing News Beike Finance (Reporter Zhu Yueyi), at the performance meeting held on May 13, ST NARADA (300068.SZ) answered a total of 73 questions from investors. Looking at the overall performance meetings of A-share listed companies, the number of questions answered by ST NARADA at this performance meeting can be considered quite substantial. For instance, taking CATL, the most watched company in the new energy sector, as an example, its recent two investor relations activity records show that the company generally answers about a dozen questions at each performance briefing. After facing a series of negative factors such as huge losses, internal control failures, overdue debts, and management changes, the struggling ST NARADA did not provide much incremental information at this performance meeting, merely reiterating the content from previous announcements and stating that "it will actively resolve the current difficulties." Having been in operation for 33 years, ST NARADA is one of China's long-established battery companies. However, during the transition from lead-acid batteries to lithium batteries and energy storage in the battery industry, the company did not choose the correct track, and the heavily invested recycled lead business severely burdened the company's cash flow. With the failure of the company's two attempts to seek external funding—listing on the Hong Kong Stock Exchange and asset disposal—the liquidity crisis of ST NARADA has become increasingly severe. On May 6, ST NARADA announced that due to tight financial conditions, some debts had become overdue, and 65 bank accounts of the company and its subsidiaries were frozen, with the amount applied for freezing reaching 857 million yuan, accounting for about 60% of the company's most recent audited net assets. To address the above situation, ST NARADA proposed three approaches: in addition to negotiating debt crisis resolution plans with creditors and the court, and revitalizing assets through multiple financing channels, it also suggested "actively connecting with upstream and downstream supply chains, industrial strategic investors, and other resources." At today's performance meeting, ST NARADA stated that the company is gradually delivering orders, strengthening accounts receivable management, and accelerating cash recovery. ST NARADA's General Manager and Chairman Zhu Baoyi also stated today that they will make every effort to ensure the operation of the AIDC data center business and civilian lithium battery business, prioritize high-profit and high-cash flow business segments, strictly control non-core investments, and fully revitalize existing businesses. However, for ST NARADA, the probability of successful self-rescue will continue to decrease over time. For manufacturing companies, tight cash flow is even more fatal. In the first quarter of this year, ST NARADA lost 305 million yuan, a significant increase in losses compared to the previous year. At today's performance meeting, the company explained the deterioration of its first-quarter performance as being affected by temporary financial constraints, resulting in deliveries falling short of expectations. Since the beginning of this year, there have been several merger and acquisition cases in the new energy industry, including Tongwei Co., Ltd. acquiring Qinghai Lihao, TCL Zhonghuan acquiring Yidao New Energy, and Anhui State-owned Assets restructuring Shanshan Group. Whether ST NARADA can usher in its own miracle moment remains to be seen. 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