CCS Supply Chain Management Co Ltd600180
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CCS Supply Chain Management Co LtdST Ruimao Involved in Cases Totaling Nearly 11 Billion Yuan, Delisting Risk Warning Continues
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ST Ruimao issued two announcements on the evening of September 23, disclosing the latest developments regarding the successive freezing of shares held by its controlling shareholder and actual controller, as well as the implementation of delisting risk warnings and other risk warnings on the company's stock. Since April 30, 2026, the company's stock has been subject to a delisting risk warning combined with other risk warnings. The direct trigger was Zhonghuan Zhonghuan Certified Public Accountants issuing a disclaimer of opinion on the company's 2025 annual financial report and an adverse opinion on internal controls over financial reporting. As of August 15, 2026, the company and its subsidiaries had accumulated overdue principal from financial institutions, overdue commercial acceptance bills, and failure to repay bonds in full and on time totaling approximately 6.274 billion yuan. As of September 9, the total amount involved in litigation, arbitration, and enforcement matters accumulated by the company and its subsidiaries over the past 12 months was approximately 10.98 billion yuan. Regarding out-of-court restructuring, as of the announcement date, 121 creditors had filed claims, with preliminary confirmed claims of 7.346 billion yuan and an additional 12.71 billion yuan temporarily unconfirmed. The company stated that no definitive restructuring plan has been formed, and even if the court accepts the restructuring application, there remains a risk that restructuring fails, the company is declared bankrupt, and its listing is terminated. In the first half of 2026, the company achieved operating revenue of 803 million yuan, a year-on-year decline of 91.51%, and net profit attributable to shareholders of the listed company was negative 1.061 billion yuan, compared with a profit of 57 million yuan in the same period last year.
CCS Supply Chain Management Co Ltd