Sun-Novo(SH:688621) Shang Hai Zheng Quan Bao·2025-08-01 19:45Core Viewpoint - Beijing Sunshine Nuohuo Pharmaceutical Research Co., Ltd. is currently involved in litigation with Hunan Hengsheng Pharmaceutical Co., Ltd., with the total amount in dispute reaching approximately 48 million yuan, but the company does not expect this to negatively impact its profits due to prior provisions made for bad debts [2][10]. Group 1: Litigation Details - The case is currently in the first-instance stage, with the company acting as both a counterclaim plaintiff and a new lawsuit plaintiff [2]. - The total amount involved in the litigation includes a counterclaim amount of 7,407,283.51 yuan and a new lawsuit amount of 40,670,942.46 yuan, totaling 48,078,225.97 yuan [2]. - The company has filed a counterclaim against Hengsheng Pharmaceutical, asserting that the latter has failed to pay the agreed research fees as per their contract [5][6]. Group 2: Contractual Obligations - The counterclaim is based on a technical development contract signed on March 28, 2018, where the company assisted Hengsheng in developing a drug and was to be compensated accordingly [5][6]. - The company has also initiated a new lawsuit regarding 24 other technical development contracts, citing Hengsheng's failure to pay the agreed fees [7][8]. Group 3: Financial Impact - The company has fully provisioned for bad debts related to Hengsheng's accounts receivable and contract assets, indicating that the litigation will not adversely affect current or future profits [10]. - The company will continue to monitor the litigation's progress and fulfill its disclosure obligations to investors [10].