Huate Gas(688268) Mei Ri Jing Ji Xin Wen·2025-04-22 14:25Core Viewpoint - The dispute between Huate Gas and its partner involves a breach of contract related to a joint project, leading to lawsuits filed by both parties over unfulfilled obligations and financial claims [1][3]. Group 1: Legal Disputes - Huate Gas has filed a lawsuit against Lai Minggui and Sichuan Zhongfuren New Materials Technology Co., Ltd. for breach of contract, seeking the transfer of equity valued at approximately 370 million yuan, along with a claim for a 20 million yuan deposit and additional damages totaling 23 million yuan [1][5]. - Lai Minggui has also initiated legal action against Huate Gas, alleging that the company failed to provide necessary packaging materials, which hindered the trial production process [3][5]. - The lawsuits are currently pending in court, with no hearings scheduled yet [1][6]. Group 2: Project Background - The collaboration between Huate Gas and Lai Minggui began in April 2022, focusing on three fluorinated gas products, with an agreement for Huate Gas to acquire a 51% stake in the project company, Zhongfuren, for approximately 370 million yuan once production conditions were met [2][5]. - The project company, Zhongfuren, was established in May 2022, with production targets set for specific fluorinated gas products within defined timelines [2][5]. Group 3: Financial Performance - In 2024, Huate Gas reported revenue of 1.395 billion yuan, a year-on-year decrease of 7.02%, while the net profit attributable to shareholders increased by 7.99% to 185 million yuan [7].