ST DYRS: Whether the company can inject computing power industry business depends on whether the bankruptcy reorganization can be successfully implemented
ST DYRS announced that the company's ability to inject computing power industry business depends on the successful implementation of bankruptcy reorganization and compliance with relevant laws and regulations. There is uncertainty regarding the timing, scale, and profitability of asset injection, facing risks of intensified market competition and declining industry profit margins. The Horinger Intelligent Computing Center donated by industrial investors has not yet been completed, posing risks of insufficient funding and construction delays. The reorganization investment agreement has been signed, but it may not be fulfilled due to reasons such as insufficient funds
According to the announcement from *ST Dongyi (002713.SZ), whether the company can inject computing power industry business depends on the successful implementation of bankruptcy reorganization, whether the asset injection complies with relevant laws, regulations, and regulatory requirements, and whether relevant approvals can be obtained. There is significant uncertainty regarding the timing, scale, and future profitability of the asset injection, and it may face risks such as intensified market competition leading to a decline in overall industry profit margins and extended cost recovery periods.
The He Lin Ge Er Intelligent Computing Center, which the industrial investors intend to donate to the company free of charge, has not yet been completed and put into production, posing risks of insufficient future capital investment and extended construction time. Additionally, intensified market competition may lead to insufficient cabinet utilization at the He Lin Ge Er Intelligent Computing Center, which could result in profitability being below expectations. The income and profit scale of the industrial investors are relatively small, and there are risks that the listed company lacks the relevant qualifications to undertake new orders introduced by Chang Kong Construction under the same control, that the industrial investors and Chang Kong Construction fail to introduce orders according to the business plan, and that the order scale and profit levels face overall declines due to intensified market competition.
The investment-related agreements for this reorganization have been signed, but there may still be risks of failing to fulfill investment obligations as stipulated in the agreements due to insufficient funding raised by the reorganization investors. Although the investment-related agreements have been signed, there are still risks of the agreements being terminated, rescinded, declared ineffective, invalid, or unable to be performed
