Core Viewpoint - The company is involved in a legal dispute concerning alleged misconduct by certain individuals and entities, leading to significant financial losses amounting to RMB 66.4 billion, which has prompted the company to take legal action to recover these funds [1][3][4] Group 1: Legal Proceedings - The defendants in the case include Fang Sheng Holdings Limited, its chairman Ji Changqun, and other related companies and individuals [1] - The lawsuit was initiated by the company's wholly-owned subsidiaries, which claim that the defendants' improper actions resulted in substantial financial losses [3] - The company has filed a lawsuit in the Hong Kong High Court against the defendants to recover the alleged losses [3] Group 2: Financial Impact - The company reported a net loss of RMB 65.57 billion for the fiscal year 2024, fully accounting for the RMB 66.4 billion loss related to the lawsuit [4] - The core gear transmission manufacturing business experienced overall growth, with industrial gear sales revenue increasing by 21% and rail transit gear revenue rising by 25.3% year-on-year [2] - Despite a significant drop in the average market price of wind power gearboxes, the company maintained its leading position in the global wind power gearbox market, with a slight revenue increase of 0.7% [2]
中国高速传动设备集团就人民币66.4亿元资金挪用案提起法律诉讼