Core Viewpoint - The ongoing legal dispute between two listed companies in Shaanxi, SanDa Membrane and Blue Sky Technology, centers around a contract worth 58.61 million yuan related to lithium extraction equipment, with a recent court ruling requiring SanDa Membrane to pay 48.29 million yuan to Blue Sky Technology [1][10]. Group 1: Contractual Dispute - The conflict originated from a contract signed in March 2022 for the supply and installation of lithium extraction equipment, valued at 114 million yuan, as part of a larger project [4][7]. - SanDa Membrane claims that Blue Sky Technology failed to meet installation deadlines, leading to economic losses and justifying their counterclaim for 38.73 million yuan [4][7]. - The court ruled in favor of Blue Sky Technology, ordering SanDa Membrane to pay the specified amount and rejecting SanDa's counterclaims [5][10]. Group 2: Legal Proceedings - SanDa Membrane plans to appeal the first-instance ruling, indicating that the legal battle may continue into a second trial [2][10]. - The ongoing litigation has resulted in the freezing of 58.61 million yuan of SanDa Membrane's assets, impacting its financial operations [4][12]. Group 3: Financial Impact - SanDa Membrane reported a significant decline in net cash flow from operating activities, down 78.38% year-on-year to 12.19 million yuan, attributed to the legal disputes and asset freezes [17]. - The company has also faced additional arbitration related to another project, further complicating its financial situation [12][16]. Group 4: Broader Context - Both companies are experiencing multiple legal challenges, with Blue Sky Technology also facing a lawsuit for 53.5 million yuan from an insurance company related to an accident involving another party [20].
两陕企“诉讼战”进展:三达膜一审败北