Over a matured debt of 5.1133 million yuan, Shaanxi BC&TV Network has been hit with a pre-restructuring and restructuring application by creditor Xi'an Guanghua Communication Technology Co., Ltd., and the Xi'an Intermediate People's Court has decided to accept the pre-restructuring filing. The company announced on the evening of October 9 that it received a notice letter from the creditor on October 8, in which the creditor applied on the grounds that the company is unable to repay the matured debt of 5.1133 million yuan, clearly lacks solvency, but still retains restructuring value. On October 9, the company received a decision letter from the court, which appointed the liquidation group of Shaanxi BC&TV Network Media Group Co., Ltd. as the interim administrator for the pre-restructuring. The interim administrator simultaneously launched a public recruitment of restructuring investors. Interested investors must submit application materials and pay a registration deposit of 10 million yuan before 6 p.m. on November 8, 2026. Under equal conditions, priority will be given to those whose assets or businesses match the company's main business or the future 'technology plus' direction in related extended business areas, or who can provide industrial synergy or business resource support. Previously, on the evening of September 28, the company disclosed that as of the announcement date, cumulative overdue bank debt principal and interest amounted to 227 million yuan, accounting for 41.80 percent of the most recent audited net assets. The company's net profit attributable to the parent company recorded losses of 626 million yuan, 1.059 billion yuan, and 1.499 billion yuan respectively from 2023 to 2025, with a combined three-year loss of nearly 3.2 billion yuan. The 2026 half-year report shows first-half operating revenue of 529 million yuan, down 18.28 percent year on year, while net profit attributable to the parent company recorded a loss of 488 million yuan, widening from the 360 million yuan loss in the same period last year. Net assets attributable to shareholders of the listed company were only 54.48 million yuan, down nearly 90 percent from the end of the previous year.
Shaanxi Broadcast & TV Network Intermediary Group Co LtdCourt accepted a pre-restructuring/restructuring filing over a 5.1133 million yuan matured debt, with an interim administrator appointed and restructuring investors being sought.
Creditor Xi'an Guanghua Communication Technology filed the pre-restructuring application over the 5.1133 million yuan matured debt; outcome for the creditor is unclear.
