Should the bankrupt subsidiaries of the parent company be liquidated together?

Legal opinion 1. Yes, the parent company refers to the listed company itself. 2. Consolidated column refers to the amount or value extracted from consolidated statements. Consolidated statement is a financial statement based on the individual financial statements prepared by the holding company and its subsidiaries, which reflects the consolidated financial position and operating results after the offset of current accounts within the group. 3. Although the parent company controls its subsidiaries, it is often not controlled by 100. Therefore, when the profits of the merged subsidiary are included in the scope of consolidated statements, it is necessary to consider the benefits shared by other minority shareholders (minority shareholders' rights and interests). After deducting this part, it is the net profit attributable to the parent company, so the net profit attributable to the owner of the parent company is listed in the consolidated statement. As for the parent company itself, all the net income belongs to the shareholders (owners) of the parent company, so there is no minority shareholder's rights and interests, and all the profits belong to the owners of the parent company. The reason for this column is for comparison. 4. The loss of the parent company, the total profit of the subsidiaries within the scope of merger, and the profit scale exceeds the loss of the parent company. 5. This is the disclosure standard stipulated by China Securities Regulatory Commission. Except for individual indicators such as debt ratio, other indicators are disclosed in the consolidated statements to reflect the overall financial position and profitability of the company.