The debt crisis broke out in yongtai energy in 2065438+2008. Although the debt crisis was alleviated through asset restructuring, the company's share price never rebounded.

On July 5, 20 18, yongtai energy announced that the "17 yongtai energy CP004" issued on July 3, 20 17 failed to pay RMB 201605 million on time, which constituted a major breach of contract. At the same time, four other bonds in yongtai energy, 13 Yongtai bonds, 16 Yongtai 0/,16 Yongtai 02 and 16 Yongtai 03, were also suspended from July 6. This breach of contract brought a series of chain reactions to this company, which triggered the cross-default clauses of other bonds of the company. Many bonds defaulted, which led to the rising financial pressure in yongtai energy. On July 5, 20 18, the 32.4 1% equity of yongtai energy held by Yongtai Group was frozen by Shanghai Branch of China Securities Depository and Clearing Co., Ltd.

2. What are the reasons for yongtai energy's debt?

Some insiders believe that the debt crisis in yongtai energy on 20 18 is mainly due to the aggressive business expansion. 20 14 yongtai energy's main business is coal. However, in 20 15 years, only 10 month was involved in shale gas exploration and development, and frequent capital market acquisitions accelerated the layout in the fields of electricity, energy, medical care, logistics, investment, and Internet of Things. With the rapid expansion, the asset scale of yongtai energy has expanded rapidly, from1146 billion yuan in 20 17 years to 21072 billion yuan, a seven-fold increase in 7 years. The rapid expansion of debt scale led to the debt crisis in yongtai energy.

Will the rainstorm and flood in Shanxi affect production?

According to the official response of yongtai energy, it has not been greatly affected at present, and the operation is stable and the production is safe and controllable. Affected by Shanxi floods, road traffic in some sections of individual mining areas was blocked, and underground water gushing in individual coal mines increased, which increased the pressure on production and operation of yongtai energy coal mines. However, due to the disaster prevention safety measures and emergency plans of Shanxi enterprises in yongtai energy, relevant flood prevention work and emergency measures have been put in place. At present, the production and operation of coal mines in yongtai energy are relatively safe.