East Fashion: Revenue drops by 23.47% in 2025, with a credit rating of C for both the main entity and debt issues.

The Oriental Fashion statement announced that United Credit Rating agency has conducted a credit rating on the company and "Dongshi Convertible Bonds". As of June 18, 2026, the balance of "Dongshi Convertible Bonds" is 0.624 billion yuan, with both the subject and bond credit ratings maintained at C. In 2025, the company's revenue was 6.18 billion yuan, a year-on-year decrease of 23.47%, with a net loss of 766 million yuan; from January to March 2026, revenue was 1.21 billion yuan, a year-on-year decrease of 12.71%, with a net loss of 74 million yuan. The auditing firm issued an unqualified opinion report for the company's 2025 financial statements with an emphasis paragraph. The company, controlling shareholders, and related personnel have been punished by the Beijing Securities Regulatory Bureau. The company's stock faces the risk of delisting and changes in controlling shareholders, with a poor credit situation.