Longda Food Convertible Bond Rating Downgraded for Two Consecutive Times; Related Debt Financial Report Classification Items May Not Comply with Accounting Standards

GateUser-bd883c58 · 2026-04-10T23:45:47+00:00

Longda Food faces credit and liquidity pressures, with its convertible bonds' credit ratings continuously downgraded and prices dropping sharply. Although the convertible bonds are approaching maturity, the company has not classified them as "non-current liabilities due within one year" as required, which may trigger regulatory challenges.

GateUser-bd883c58

2026-04-10 23:45:47

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What regulatory challenges could arise from AI · Non-compliant financial report classifications?

By Everyday Economic News reporter: Yan Fengfeng Edited by Everypin Economic News editor: Wu Yongjiu

As the maturity date of Longda Food’s convertible bond approaches, the company may be facing dual pressure from both credit and liquidity. The credit rating of the company’s Longda Convertible Bond was downgraded twice within two months, and the bond’s price has fallen by more than 30% from its intra-year high. Behind this are the harsh realities of the company’s consecutive losses and the forced enforcement of shares by major shareholders.

However, a reporter from EveryDay Economic News found that when there is less than one year until the company’s convertible bond maturity date, the company’s 2025 Q3 report did not reclassify the convertible bond as “non-current liabilities due within one year.”

For the full text, see: Longda Food Convertible Bond Rating Downgraded Twice in a Row, Price Drops by More Than 30%; Related Debt Financial Report Classification Items May Not Comply with Accounting Standards

EveryDay Economic News

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