Harmontronics Automation(SH:688022) Mei Ri Jing Ji Xin Wen·2025-08-01 15:59Core Viewpoint - The company Hanchuan Intelligent has filed a lawsuit against Mianyang Exson New Energy Technology Co., Ltd. for unpaid debts totaling approximately 244 million yuan, which could significantly impact its financial performance [1][5]. Group 1: Company Overview - Hanchuan Intelligent (688022.SH) has a market capitalization of 2.665 billion yuan and a stock price of 15.15 yuan [1]. - Mianyang Exson is a subsidiary of Shenzhen Exson New Energy Technology Co., Ltd., focusing on the centralized energy storage market with a planned capacity of 18 GWh and an expected annual output value exceeding 12 billion yuan [2]. Group 2: Contractual Agreements - Hanchuan Intelligent entered into two equipment procurement contracts with Mianyang Exson, with payments scheduled from 2023 to 2025 [2][3]. - The first contract involved the supply of production equipment, while the second contract was for a pilot line, with payment terms linked to equipment acceptance [2]. Group 3: Payment Issues - Mianyang Exson has delayed payments since 2024, with total unpaid principal amounting to approximately 234 million yuan [3]. - The delays in payment are attributed to issues with government funding allocations affecting Mianyang Exson's cash flow [3]. Group 4: Financial Performance - Hanchuan Intelligent is facing a significant decline in performance, with a projected revenue drop of about 65% in 2024 and a net loss expected to reach 1.103 billion yuan [4]. - The lawsuit amount of approximately 244 million yuan represents about half of Hanchuan Intelligent's anticipated revenue for 2024 [5]. Group 5: Legal Actions - In addition to suing Mianyang Exson, Hanchuan Intelligent has also filed lawsuits against two shareholders of Mianyang Exson, alleging misuse of shareholder status and failure to fulfill capital contributions [5].