志存集团不服一审判决上诉，五矿新能1.8亿元官司再起波澜

Core Viewpoint - The lawsuit involving Wenkang New Energy and Zhichun Lithium Industry Group has entered the second instance after the defendant, Nantian, appealed the first-instance ruling, which involved a significant amount of 181 million yuan [2][3][4]. Group 1: Legal Proceedings - The first-instance ruling ordered the termination of the contract, requiring Zhichun Group to return 122 million yuan in advance payments and pay overdue interest calculated at double the LPR starting from September 30, 2024, along with a penalty of 59 million yuan [3][4]. - Nantian's appeal challenges the interest calculation and penalty, requesting to change the interest start date to the date of the judgment and reduce the interest calculation standard from double LPR to single LPR [4][5]. - The appeal does not contest the breach of contract but focuses on the financial implications of the ruling, indicating a recognition of the breach [5][6]. Group 2: Company Performance - Wenkang New Energy reported a revenue of 5.436 billion yuan in 2024, ranking 13th among 36 listed companies in the cathode material sector [6]. - The company achieved a revenue of 2.904 billion yuan in the first half of 2025, reflecting a year-on-year growth of 15.85%, with a net loss reduced by 59.31% to 26.8265 million yuan [6]. - The second quarter of 2025 marked a turnaround for the company, achieving a profit of 37.074 million yuan, attributed to improved market conditions and increased production capacity utilization [6].