2 1 Shi Ji Jing Ji Bao Dao·2025-07-03 08:35Core Viewpoint - The company Tianqi Materials has initiated a lawsuit against Yongtai Technology for alleged trade secret infringement, with the case now accepted by the Jiangxi Provincial High People's Court, involving a claimed economic loss of 887 million yuan and legal fees of 1.15 million yuan [1][2]. Group 1: Lawsuit Details - Tianqi Materials' subsidiary, Jiujiang Tianqi, is the plaintiff in the lawsuit against Yongtai Technology and its subsidiaries, alleging the misuse of proprietary technology in the production of lithium salt [1][3]. - The lawsuit seeks the destruction of production line equipment and process documentation used in Yongtai's 134,000-ton liquid lithium salt project, which is claimed to utilize Tianqi's trade secrets [1][5]. - Yongtai Technology has reported consecutive losses over the past two years, with a net profit of only 554 million yuan in 2022, which is less than the amount claimed in the lawsuit [1][3]. Group 2: Background and Implications - The lawsuit follows a previous criminal case where a former employee of Jiujiang Tianqi was found guilty of disclosing trade secrets to Yongtai Technology [3][4]. - The liquid lithium salt project by Yongtai Technology has a total investment of 793 million yuan, with 90% of the budget already spent, and is projected to generate annual revenues of 5.4 billion yuan and net profits of 670 million yuan once fully operational [5][6]. - Legal experts suggest that if the production line is found to infringe on trade secrets, it may face significant financial penalties, potentially impacting Yongtai's future operations and profitability [6][7].