ST Dongshi announced that the “Dongshi Convertible Bonds” expired on April 8, 2026, and the company was unable to pay principal and interest on time, which constituted a breach of contract. The company's net profit deducted from 2023 to 2025 was -373 million yuan, -608 million yuan, and -680 million yuan respectively. The net loss in 2025 was 766 million yuan. Current liabilities were higher than current assets of 1,675 billion yuan. Debt repayment pressure was high, and there was significant uncertainty about its ability to continue operating. The company is in the pre-restructuring stage, and it is uncertain whether it can enter the restructuring process. The company and its subsidiaries have been subject to administrative penalties, and stocks have been compounded to implement other risk warnings. The company and its holding subsidiaries added a total of 2 new lawsuits over 12 consecutive months, involving a principal amount of 103,000 yuan. Many other lawsuits are in progress.

ST Dongshi announced that the “Dongshi Convertible Bonds” expired on April 8, 2026, and the company was unable to pay principal and interest on time, which constituted a breach of contract. The company's net profit deducted from 2023 to 2025 was -373 million yuan, -608 million yuan, and -680 million yuan respectively. The net loss in 2025 was 766 million yuan. Current liabilities were higher than current assets of 1,675 billion yuan. Debt repayment pressure was high, and there was significant uncertainty about its ability to continue operating. The company is in the pre-restructuring stage, and it is uncertain whether it can enter the restructuring process. The company and its subsidiaries have been subject to administrative penalties, and stocks have been compounded to implement other risk warnings. The company and its holding subsidiaries added a total of 2 new lawsuits over 12 consecutive months, involving a principal amount of 103,000 yuan. Many other lawsuits are in progress.