LJZ(SH:600663) Shang Hai Zheng Quan Bao·2025-09-04 18:46Core Viewpoint - The company is involved in a legal dispute concerning rental payments and property damages, with significant financial implications pending the outcome of the appeals process [2][3][10]. Group 1: Lawsuit Overview - The lawsuit involves Shanghai Dongmao Real Estate Co., Ltd. (the subsidiary) and Shanghai Depu Cultural Development Co., Ltd. (the plaintiff), with both parties appealing the first-instance judgment [2][3]. - The first-instance judgment ordered Depu Cultural to vacate the property and pay Dongmao approximately 15.7 million yuan in rent and occupation fees, while Dongmao was ordered to pay 36 million yuan in compensation for renovations [2][4]. Group 2: Financial Implications - The company has recognized a provision for expected liabilities based on the first-instance judgment, but the final impact on the company's 2025 profits remains uncertain pending the outcome of the appeals [3][10]. - According to an agreement with the controlling shareholder, Shanghai Lujiazui (Group) Co., Ltd., any economic losses incurred by Dongmao due to the lawsuit will be fully compensated by the group, which will be recorded as capital reserves [3][10]. Group 3: Appeal Details - Dongmao's appeal requests the court to overturn specific parts of the first-instance judgment, including claims for unpaid rent totaling approximately 12.57 million yuan and overdue occupation fees of about 47.83 million yuan [7][9]. - Depu Cultural's appeal seeks to reduce its financial obligations, arguing for a lower rental payment and compensation for renovation losses amounting to approximately 259.24 million yuan [9]. Group 4: Ongoing Litigation Status - As of the announcement date, there are no new developments in other disclosed litigation or arbitration matters involving the company [12].