Tianjin Jiuri New Materials (SH:688199) Shang Hai Zheng Quan Bao·2025-08-14 20:16Core Viewpoint - The announcement details the progress of a lawsuit involving Tianjin Jiuri New Materials Co., Ltd. and its subsidiaries, indicating that the case is currently in the enforcement stage following a second-instance judgment [2][3]. Summary by Sections Lawsuit Background - The lawsuit originated from a construction contract dispute filed by Nantong Changcheng Construction Group Co., Ltd. against Jiuri's subsidiaries, claiming a total of 20,606,460.00 yuan in construction payments and penalties [4]. - The first-instance judgment was received on February 1, 2024, and the company appealed the decision shortly thereafter [5]. Current Status of the Lawsuit - As of July 1, 2025, the second-instance judgment was delivered, and Nantong Changcheng has not complied with the ruling to deliver a value-added tax invoice amounting to 59,805,733.50 yuan [6][7]. - Consequently, Jiuri's subsidiaries filed for compulsory enforcement on July 18, 2025, and received a notice of acceptance from the court on August 13, 2025 [7][8]. Financial Implications - The company has already made provisions for the potential financial impact of this lawsuit in its 2023 and 2024 financial statements, indicating that the lawsuit will not have a significant adverse effect on current or future profits [3][13]. - The enforcement of the judgment is expected to be managed according to accounting standards, with final impacts subject to audit confirmation [3][13].