Bankruptcy! There are many concrete enterprises that can't bear it.

Recently, according to the announcement of Xiangyang Intermediate People's Court of Hubei Province, on January 23, 2025, our court decided to accept the bankruptcy liquidation case of Xiangyang Xingyuan Hongda Concrete Co., Ltd. It is ascertained that as of April 18, 2025, the total liabilities of the Company are 54350413.78 RMB.

The Court holds that Xiangyang Xingyuan Hongda Concrete Co., Ltd. is unable to pay off its debts due, and its assets are insufficient to pay off all its debts. At the same time, Xiangyang Xingyuan Hongda Concrete Co., Ltd. has no possibility of reconciliation and reorganization. In accordance with Article 107 of the Enterprise Bankruptcy Law of the People's Republic of China, the Court ruled on July 25, 2025 to declare the bankruptcy of Xiangyang Xingyuan Hongda Concrete Co., Ltd.

In addition, according to the public information of local courts, a number of concrete enterprises have been filed for bankruptcy recently. Specifically,

according to the Intermediate People's Court of Xingtai City, Hebei Province, Hebei Xinde Concrete Co., Ltd. has been filed for bankruptcy. Applicant: Hao Yanli

According to the People's Court of Hanshou County, Hunan Province, Hanshou Hengfa Concrete Co., Ltd. was filed for bankruptcy. Applicant: Long Zhanyong

According to the Intermediate People's Court of Zhengzhou City, Henan Province, Zhengzhou Jiayi Concrete Co., Ltd. was filed for bankruptcy. Applicant: Lv Qincheng

According to the Intermediate People's Court of Zhengzhou City, Henan Province, Zhengzhou Xingang Concrete Co., Ltd. was filed for bankruptcy. Applicant: Cao Erzhu, Cao Xiaoyong

According to the Intermediate People's Court of Nanning City, Guangxi Zhuang Autonomous Region, Guangxi Dingchangsheng Concrete Co., Ltd. was filed for bankruptcy. Applicant: Zhou Jinguo

According to the People's Court of Dayi County, Sichuan Province, Chengdu Weitian Commodity Concrete Co., Ltd. was filed for bankruptcy. Applicants: Chen Yan, Lu Xiaodong, Xia Xin

. According to the First Intermediate People's Court of Hainan Province, Hainan Lingshui Sanheli Concrete Co., Ltd.

was applied for bankruptcy. Applicant: Hainan Lingshui Sanheli Concrete Co., Ltd.