ZHUHAI COSMX(SH:688772) Shen Zhen Shang Bao·2025-09-16 03:42Core Viewpoint - Zhuhai Guanyu (688772) has been ordered by the Fujian Provincial High Court to pay ATL 9.9029 million yuan in a patent dispute, with the company also required to cease manufacturing and selling related battery models [1][3] Group 1: Legal Proceedings - The company is currently in the appeal period for the first-instance judgment, which has not yet taken effect, and will actively pursue legal measures to protect its technology and products [3] - ATL has previously claimed that the company's products infringe on its patent ZL201811108529.X, leading to the lawsuit [3] - As of the announcement date, 14 of ATL's patents have been declared invalid by the National Intellectual Property Administration or through court rulings, with 12 cases withdrawn by ATL and 4 cases dismissed by the court [3] Group 2: Research and Development - The company has maintained a strong focus on lithium-ion battery technology development, with R&D investment reaching 818.13 million yuan in the first half of 2025, accounting for 13.42% of revenue, a year-on-year increase of 23.20% [4] - As of June 30, 2025, the company holds 2,377 valid domestic patents, including 725 invention patents, 1,624 utility model patents, and 28 design patents, with nearly 6,000 total applications [4] - The company has begun mass production of semi-solid batteries and is actively engaging with clients for the development of all-solid-state batteries [4] Group 3: Financial Performance - In the first half of 2025, the company achieved total revenue of 6.098 billion yuan, a year-on-year increase of 14.03%, and a net profit attributable to shareholders of 117 million yuan, up 14.77% [4] - The company's gross profit margin decreased from 24.39% in the same period of 2024 to 23.31%, with a net profit margin of only 1.12%, down from 1.73% in the 2023 semi-annual report [5] - The company's asset-liability ratio increased from 65.32% in 2024 to 67.7% in the first half of this year [5]