STS(SH:603322) Shang Hai Zheng Quan Bao·2025-07-31 19:09Core Viewpoint - The company and its wholly-owned subsidiary are involved in a lawsuit regarding unpaid debts related to server procurement contracts, which may have financial implications depending on the court's final judgment [2][3][5]. Group 1: Lawsuit Details - The lawsuit involves the company and its subsidiary, which received a civil complaint from Xintang Zhichuang (Zhejiang) Electronic Technology Co., Ltd. regarding unpaid payments for 3,361 servers, totaling RMB 173.79 million [3][4]. - The company has paid RMB 83.85 million but still owes RMB 89.94 million, leading to the lawsuit for the outstanding amount plus penalties [3][5]. - The total claim against the company and its subsidiary amounts to RMB 107 million, including the principal and penalties [5]. Group 2: Impact on Financials - The lawsuit is currently in the acceptance stage by the court and has not yet been heard, making it difficult to assess its impact on the company's current or future profits [2][8]. - The company will disclose the actual financial impact based on the court's final ruling and annual audit results [2][8]. Group 3: Frozen Bank Accounts - The company and its subsidiaries have had several bank accounts frozen due to ongoing litigation, with a total estimated amount of RMB 182.15 million involved in various cases [10][12]. - The frozen amounts represent 79.81% of the company's latest audited net assets, with RMB 22.48 million currently frozen, accounting for 9.85% of net assets [13][14]. - The company is actively negotiating with involved parties to resolve disputes and lift the account freezes [12].