Stopped production for over 10 years! Dayi Xianming Xiling Cement Recruits Restructuring Investors

Recently, Dayi Xianming Xiling Cement Co., Ltd. announced the recruitment of investors for bankruptcy reorganization.

The announcement shows that on August 28, 2025, the People's Court of Dayi County, Sichuan Province, issued the Civil Ruling No.2 of Chuan 0129, which ruled to accept the bankruptcy reorganization application of Dayi Pinming Xiling Cement Co., Ltd. On September 16, 2025, the second Decision of (2025) Chuan 0129 Po Shen No.2 was issued to designate the administrator.

In order to smoothly promote the reorganization of Xianming Company, effectively revitalize its assets, maximize the value of its assets and safeguard the legitimate rights and interests of creditors and other relevant subjects to the maximum extent, the administrator, with reference to the provisions of the Enterprise Bankruptcy Law of the People's Republic of China and other relevant laws and regulations, openly recruits investors for reorganization.

According to reports, the company's main assets are the production plant and production line located in Dayi County Industrial Concentration Zone, covering an area of about 310 mu. The company is a pilot enterprise approved by the Economic and Information Commission of Sichuan Province and listed in the circular economy of Sichuan Province. The cement production powder station was built in June 2006, and the new dry rotary kiln production line was built in September 2008 and put into full operation in 2010. It has a production line with a daily output of 2500 tons of clinker and an annual production capacity of 1 million tons, with a full-load production capacity of 1.2 million tons per year, and is a key leading enterprise in Dayi County Industrial Zone.

Because the cement production line just missed the post-disaster reconstruction, coupled with the impact of the market environment and other aspects, the company has accumulated a large amount of debt that can not be effectively alleviated, and completely stopped production in March 2015.

In addition, according to the financial information provided by the company, as of March 11, 2024, the total book assets of the company were about 282 million yuan, the total book liabilities were 543 million yuan, and the total book value of the owner's equity was about-261 million yuan.