Zhejiang Dongri announced on October 8 that, in accordance with the loan contract, the company required its investee Harbin Dongji Industrial Co., Ltd. to repay the loan ahead of schedule, and on September 22, 2026, issued a repayment notice to Dongji Industrial demanding repayment of the principal of 22.88 million yuan and corresponding interest within 10 days. As of the announcement date, the company had not received the principal and interest due from Dongji Industrial, and the financial assistance has become overdue. The announcement shows that apart from the 22.88 million yuan principal of financial assistance provided to Dongji Industrial, the company has no other external financial assistance. In the first half of 2026, Zhejiang Dongri achieved revenue of 339 million yuan and net profit attributable to the parent of 44.36 million yuan.
Zhe Jiang Dong Ri Ltd Co22.88 million yuan financial assistance to investee Dongji Industrial became overdue and unrepaid, a credit/financial loss event for Zhejiang Dongri.
Dongji Industrial failed to repay the 22.88 million yuan principal and interest on time despite a repayment notice.