GuoTong(SZ:002205) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-08-21 01:37Core Viewpoint - The company, Xinjiang Guotong Pipeline Co., Ltd., is involved in a legal dispute regarding the payment of project costs, which is expected to impact its financial performance in the current and future years [2][10]. Group 1: Legal Proceedings - The company has received an administrative mediation document from the Intermediate People's Court of Turpan City, Xinjiang, regarding a lawsuit initiated by its subsidiary, Xinjiang Tianhe Shanshi Construction Engineering Co., Ltd. [3][4]. - The lawsuit involves a dispute over the continued performance of a contract for payment of engineering costs with the local government and the management committee of the industrial park [3][4]. Group 2: Mediation Agreement - The mediation agreement stipulates that the management committee and the local government will pay a total of 43,319,242.13 yuan to Tianhe Shanshi in five annual installments starting from 2025 [6]. - Additionally, they owe a total of 172,926,202.20 yuan for project availability fees from 2020 to 2024, to be paid over eight years starting from July 1, 2025 [7]. - The financing costs incurred by Tianhe Shanshi during 2020 to 2024 amount to 10,802,639.06 yuan, which will be shared equally between the parties [7]. Group 3: Financial Impact - The resolution of this dispute is anticipated to have a significant effect on the company's profits and financial condition in the current and subsequent years [10]. - The company will adhere to accounting standards and monitor the execution of the mediation agreement closely [10].