Hunan Baili Engineering Technology Co., Ltd. (stock code: 603959, securities abbreviation: Baili Technology (rights protection)) recently issued an announcement, disclosing the cumulative number of new litigation and arbitration matters since the previous announcement of litigation and arbitration. The announcement shows that from February 11, 2026 to the date of this announcement, the company and its holding subsidiaries have accumulated new passive litigation and arbitration cases totaling 18,771,092.97 yuan, which is approximately 18.7711 million yuan.
The announcement pointed out that the above-mentioned new cases mainly include 12 contract dispute litigation and arbitration cases involving a single amount of less than 10 million yuan.
At the same time, Baili Technology also disclosed the progress of previously disclosed litigation and arbitration matters. Among active litigation and arbitration matters, the company was involved in 4 cases with a total amount involved of 8,335,780.40 yuan, and some cases have received awards or have been held in court. In terms of passive litigation and arbitration matters, it involves a number of construction project construction contract disputes, sales contract disputes and financial loan contract disputes, among which the single cases with relatively large amounts include an 86 million yuan construction project construction contract dispute case filed by Shandong Tengzhou Ruida Chemical Co., Ltd., an 85.6001 million yuan financial loan contract dispute case filed by Jiangsu Bank Changzhou Branch, etc. Many cases have set court dates or are in the trial stage.
Baili Technology stated that the cases that have been judged and entered into the execution stage may have a certain impact on the company's current or subsequent profits; for the remaining cases that have not yet been judged and come into effect, the actual impact on the company's current or subsequent profits will be subject to the court's final judgment and annual audit results. The company is actively promoting relevant litigation and arbitration work, and will perform its information disclosure obligations in a timely manner based on the progress of the case. Investors are kindly requested to invest rationally and pay attention to risks.
Click to view the original announcement >>
