ZEHO ECO(SH:605069) Zheng Quan Zhi Xing·2025-09-03 16:28Core Viewpoint - The company, Beijing Zhenghe Huanjing, has initiated a lawsuit against several defendants for overdue project payments, seeking a total of approximately 124.41 million yuan in principal and 11.92 million yuan in interest due to contract disputes [1][2][4]. Summary by Sections Lawsuit Background - The company filed a lawsuit against Taiyuan Longcheng Greenland Botanical Garden Co., Ltd., Shanghai Greenland Construction (Group) Co., Ltd., and Taiyuan Botanical Garden for long-term overdue payments related to construction contracts, totaling 124,408,353.72 yuan and interest of 11,915,154.45 yuan [1][2]. Recent Developments - The Taiyuan Intermediate People's Court ruled that Shanghai Greenland Construction (Group) Co., Ltd. must pay 40,574,466 yuan plus interest within 15 days of the judgment. The interest is calculated based on the principal amount from December 30, 2021, until actual payment [2][3]. - The court noted that the final settlement amount should be determined by government review, and the company will take steps to assert its rights once the project cost is confirmed [2][3]. Financial Implications - The judgment is a first-instance ruling, and the company plans to appeal to the provincial high court. The impact on the company's cash flow remains uncertain, but the lawsuit could have a positive effect on current and future profits [3][4]. Legal Costs - The case acceptance fee is 603,792.88 yuan, with the defendants bearing 196,921 yuan and the company covering 406,871.88 yuan [3].