SG(SH:600734) Shang Hai Zheng Quan Bao·2025-09-22 20:26Core Viewpoint - The announcement details a significant lawsuit involving a wholly-owned subsidiary of Fujian Shida Group Co., Ltd., indicating potential financial implications due to outstanding payments owed to China Telecom's local branch [2][3]. Group 1: Lawsuit Details - The lawsuit is currently in the acceptance stage and has not yet gone to trial [2] - The subsidiary, Kizil Su Zhongke, is the defendant in the case [2] - The amount involved in the lawsuit is 41,253,846.23 yuan [2][3] - The total number of lawsuits and arbitrations involving the company and its subsidiaries is 22, with a cumulative amount of 67.88 million yuan, representing 17.06% of the company's latest audited net assets [2][7] Group 2: Parties Involved - The plaintiff is China Telecom's Kizil Su branch, which claims that Kizil Su Zhongke has failed to pay for services rendered under a contract [3][4] - The third parties involved in the case include various local public security bureaus, which are relevant to the project contracts [4][5] Group 3: Financial Impact - The company cannot currently assess the impact of the lawsuit on its profits, as the case has not yet been heard [2][8] - The company has experienced a total of 21 lawsuits and arbitrations in the past twelve months, excluding the current case, amounting to 26.63 million yuan, which is 6.69% of the latest audited net assets [7]