Aerospace Hongtu announced that in the first three quarters of 2026, it achieved operating income of 77 million yuan, a year-on-year decrease of 80.90%; net loss to mother was 461 million yuan, and the loss margin increased. On October 29, 2026, the company received a notice from the Hebi Intermediate Court. The creditor Guoze Fund applied for the restructuring of the company on the grounds that the company was unable to pay the maturing debts and that the assets were insufficient to pay all debts but had restructuring value; because the company and actual controller Wang Yuxiang were investigated by the Securities Regulatory Commission for the time being, the court ruled that the restructuring application would not be accepted for the time being, but the company could initiate pre-restructuring. China Chengxin International believes that the company's operations and finances continue to deteriorate, and that it is basically unable to repay its debts. The risk of “Hongtu Debt Transfer” stock conversion and payment is very high.

Aerospace Hongtu announced that in the first three quarters of 2026, it achieved operating income of 77 million yuan, a year-on-year decrease of 80.90%; net loss to mother was 461 million yuan, and the loss margin increased. On October 29, 2026, the company received a notice from the Hebi Intermediate Court. The creditor Guoze Fund applied for the restructuring of the company on the grounds that the company was unable to pay the maturing debts and that the assets were insufficient to pay all debts but had restructuring value; since the company and actual controller Wang Yuxiang were investigated by the Securities Regulatory Commission for the time being, the court ruled that the restructuring application would not be accepted for the time being, but the company could initiate pre-restructuring. China Chengxin International believes that the company's operations and finances continue to deteriorate, and that it is basically unable to repay its debts. The risk of “Hongtu Debt Transfer” stock conversion and payment is very high.