Wanli Stone: The wholly-owned subsidiary Tianjin Wanli Stone has suspended all work and production since March 12.

2026-03-15 11:03:02

People’s Financial News, March 13 — Wanli Stone (002785) announced on March 13 that in order to reduce losses and protect shareholders’ interests, the company’s controlling subsidiary Tianjin Wanli Stone has decided to cease all operations and production starting March 12, and will initiate subsequent personnel arrangements and asset disposal. Tianjin Wanli Stone’s main business scope includes processing and manufacturing of daily碑, 美碑, 澳碑, and domestic monuments and other stone materials. Due to Tianjin Wanli Stone’s ongoing losses over the past five years, this shutdown is expected to reduce its impact on the company’s performance and will not affect the company’s main business.

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