意大利子公司亏损多年终于出表，得润电子开启8.27亿元追债诉讼

Core Viewpoint - Derun Electronics is facing significant financial challenges due to the poor performance of its subsidiary, Meta System S.p.A., leading to a lawsuit to recover 827 million yuan in loans and penalties [1][2][10]. Group 1: Company Overview - Derun Electronics, established in 1989 and listed in 2006, has diversified into consumer electronics, automotive electronics, and new energy vehicle sectors [2][3]. - The company acquired Meta System in 2015, aiming to leverage its potential in the automotive charging market, but has since struggled with losses from this acquisition [1][3]. Group 2: Financial Performance - Derun Electronics has reported a downward trend in revenue, with figures ranging from 7 billion to 8 billion yuan from 2018 to 2022, and a contraction to 5 billion to 6 billion yuan in 2023-2024 [2][3]. - The company has experienced continuous losses from 2019 to 2024, with losses ranging from 200 million to 1.2 billion yuan annually, peaking in 2024 [7][10]. Group 3: Subsidiary Challenges - Meta System has been in a prolonged state of loss, with total losses of 77.8 million yuan from 2017 to 2021, and a net asset value of only 35.17 million yuan by the end of 2021 [6][7]. - The subsidiary's inability to meet performance targets has led to significant financial strain on Derun Electronics, including a high debt ratio and negative cash flow [7][10]. Group 4: Legal and Financial Actions - Derun Electronics has initiated legal proceedings to recover 827 million yuan from its subsidiaries, which are now classified as unsecured ordinary debts with low recovery prospects [2][10]. - The company has also undergone a restructuring process for Meta System, which has entered a creditor settlement procedure under Italian law, limiting Derun's control over the subsidiary [9][10].