MEICHEN SCI & TECH.(SZ:300237) news flash·2025-06-12 10:27Core Points - Meichen Technology (300237.SZ) has announced a significant financial issue due to overdue debts amounting to a total principal of 11 million yuan [1] - The company is facing potential penalties, late fees, and risks of litigation or arbitration due to these overdue debts [1] - The overdue debts are a result of delayed payments from certain engineering project receivables, leading to temporary liquidity constraints [1] Company Summary - Meichen Technology's subsidiary, Hangzhou Saishi Garden Group Co., Ltd., is experiencing cash flow issues due to unreceived payments from projects [1] - The company may incur additional costs related to overdue debts, which could impact its daily operations [1] - Investors are advised to be cautious regarding investment risks associated with the company's financial situation [1]