Sunxing(SH:603978) Xin Lang Cai Jing·2025-09-19 08:16Core Viewpoint - Shenzhen Xinxing Light Alloy Materials Co., Ltd. announced a lawsuit progress involving its wholly-owned subsidiary Songyan New Energy Materials (Qinanzhou) Co., Ltd., with a first-instance judgment confirming the company's bankruptcy claim against Dongguan Shanshan Battery Materials Co., Ltd. [1] Group 1: Lawsuit Details - The lawsuit involves a principal amount of 12,102,063.85 yuan and overdue payment losses, with a total of 102,994.59 yuan for case acceptance and preservation fees [1] - The court confirmed the bankruptcy claim amount for Songyan New Energy against Dongguan Shanshan Battery Materials, while rejecting other claims [1] - The defendant has entered bankruptcy reorganization, leading to uncertainty regarding the realization of subsequent claims [1] Group 2: Financial Impact - The company has made a full provision for bad debts related to this matter in 2024, indicating that the judgment will not affect the profit and loss for 2025 [1] - As of the announcement date, the company and its subsidiaries have no other significant undisclosed litigation or arbitration matters [1]