Long-term shutdown, about 450 million yuan in debt! This cement enterprise has entered the stage of bankruptcy liquidation.

On August 17, the People's Court of Luding County, Sichuan Province, issued a notice on the election of joint administrators in the bankruptcy liquidation case of Sichuan Luding Shansheng Special Cement Co., Ltd . On August 4, 2026, the Intermediate People's Court of Ganzi Xizangan Autonomous Prefecture of Sichuan Province decided to accept the bankruptcy liquidation case of Sichuan Luding Shansheng Special Cement Co., Ltd. and designated the Court to hear the case. The case was filed and accepted by our court on August 11, 2026.

The debtor, Sichuan Luding Shansheng Special Cement Co., Ltd., is a local core manufacturing enterprise integrating cement manufacturing, non-coal mine mineral resources mining and construction stone processing, with a long operating life, a large number of employees and a large production capacity.

In recent years, due to a variety of objective factors, the company's production and operation situation has been paralyzed, long-term shutdown, large-scale arrears of wages and insurance, the number of litigation-related cases has been increasing, the company continues to be in a loss state, and has shown a serious insolvency situation.

In order to ensure the professional and efficient promotion of bankruptcy work, according to the relevant provisions and the actual situation of the case, the court decided to select the best administrator through open competition. According to

the announcement, the registered capital of Sichuan Luding Shansheng Special Cement Co., Ltd. is 123 million yuan, and the current shareholder is Sichuan Emo Building Materials Group Co., Ltd., with a 100% contribution ratio.

According to the current understanding, the main assets of Shansheng Cement Company are the cement production line, production site and plant with a design capacity of 700000 tons per year in Xinglong Town, Luding County. The mining right of limestone rock for cement with a production scale of 300,000 tons/year and the project of disposing of general solid waste with a production scale of 100,000 tons/year. The main assets have been mortgaged and the equity has been pledged.

In addition, according to the inquiry of related cases, Shansheng Cement Company has a large number of cases involved in litigation, a huge amount of unexecuted targets, a huge amount of tax arrears, wage arrears and social security arrears, and its external liabilities are about 450 million yuan.