GOHIGH(000851)2025-05-13 11:45Group 1: Company Restructuring Status - The company is actively conducting recruitment and selection of out-of-court restructuring investors, with ongoing debt claims and audits, but the timeline for entering the restructuring process remains uncertain [1][7][8]. - The company has not yet received results from the investigation by the China Securities Regulatory Commission (CSRC), which is still ongoing [2][28][80]. - The restructuring process is complex and involves multiple factors, including creditor communication and regulatory compliance, which require time to reach consensus [3][36][40]. Group 2: Financial Performance and Challenges - The company reported a total loss in the first quarter of 2025, with efforts focused on cost reduction and business expansion [6][31]. - The company has faced significant financial difficulties, with losses amounting to several billion over the past two years, raising concerns about potential delisting [5][39][80]. - The company is under investigation for alleged financial data discrepancies, which could impact its restructuring efforts [2][80]. Group 3: Investor Relations and Communication - The company has received numerous inquiries from investors regarding the restructuring progress and the timeline for announcing potential investors [4][66][83]. - The company emphasizes the importance of adhering to legal procedures in the restructuring process and has refrained from disclosing investor names to avoid misleading the market [5][54]. - The company acknowledges the urgency expressed by investors for updates on restructuring but maintains that all actions must comply with legal requirements [3][36][40]. Group 4: Industry Position and Future Outlook - The company is focusing on the development of its vehicle networking technology and aims to enhance its market position through strategic partnerships [6][67]. - The vehicle networking chip is expected to enter mass production this year, which is seen as a critical step for the company's future growth [5][81]. - The company is committed to improving its core competitiveness and protecting investor interests amid ongoing challenges [4][36][80].