模块一：形势评估与稳定

Core Issues / 核心议题: Liquidity Management (流动性管理) · 13-Week Cash Flow (13周现金流) · Crisis Containment (危机遏制)
Stopping the bleeding before planning the cure.
在规划治疗方案之前，先止血。

• Liquidity Assessment & Management / 流动性评估与管理:
• Establishing rigorous 13-week cash flow forecasting and cash “ring-fencing” to ensure survival.
• 建立严格的13周现金流预测与现金“隔离”机制，确保生存。
• Stakeholder Management / 利益相关方管理:
• Acting as a trusted intermediary between management, lenders, shareholders, and suppliers to buy time and maintain confidence.
• 作为管理层、债权人、股东与供应商之间的信任中介，争取时间并维持信心。
• Rapid Diagnostic / 快速诊断:
• Identifying the root causes of distress (operational, financial, or market-driven) within weeks.
• 在数周内识别陷入困境的根本原因（运营、财务或市场驱动）。

Core Issues / 核心议题: Cost Reduction (成本削减) · Working Capital Release (营运资金释放) · Profitability Restoration (盈利能力恢复)
Fixing the business model, not just the balance sheet.
修复商业模式，而不仅是资产负债表。

• Performance Improvement Programs (PIP) / 绩效改善计划:
• Implementing rapid cost reduction (SG&A, COGS) and footprint optimization to restore margins.
• 实施快速成本削减（SG&A、销货成本）与布局优化，以恢复利润率。
• Working Capital Release / 营运资金释放:
• Unlocking cash trapped in inventory, receivables, and payables to self-fund the turnaround.
• 释放被困在库存、应收与应付账款中的现金，为扭亏“输血”。
• Core Business Focus / 聚焦核心业务:
• Divesting non-core assets and discontinuing unprofitable product lines to refocus resources.
• 剥离非核心资产，砍掉不盈利产品线，重新聚焦资源。

Core Issues / 核心议题: Debt Restructuring (债务重组) · Capital Structure Optimization (资本结构优化) · Refinancing (再融资)
Creating a capital structure the business can support.
打造一个业务能支撑的资本结构。

• Debt Renegotiation & Rescheduling / 债务重新谈判与展期:
• Negotiating with lenders to amend covenants, extend maturities, or convert debt to equity.
• 与债权人谈判，修订契约、延长到期日或债转股。
• Capital Structure Optimization / 资本结构优化:
• Designing a sustainable capital structure that aligns with the company’s cash flow generation capacity.
• 设计与公司现金流产生能力相匹配的可持续资本结构。
• Stakeholder Negotiation Support / 利益相关方谈判支持:
• Developing term sheets and negotiating strategies for debtor-in-possession (DIP) financing or exit facilities.
• 为拥有控制权的债务人（DIP）融资或退出融资制定条款清单与谈判策略。

Core Issues: Leadership · Decision Making · Governance
Hands-on leadership when you need it most.

• Chief Restructuring Officer (CRO) :
• Providing experienced CROs or interim executives to lead the turnaround, manage crises, and make tough decisions.
• Board Advisory / 董事会顾问:
• Advising boards on fiduciary duties, insolvency risks, and strategic alternatives.

Project Management Office (PMO):

• Setting up and running the PMO to track initiatives, manage milestones, and ensure accountability.