Mei Ri Jing Ji Xin Wen·2025-09-23 11:28Core Viewpoint - New筑股份' subsidiary is being sued by a well-known domestic engineering design institute, requiring payment of overdue project funds amounting to 137 million yuan, which is equivalent to the subsidiary's net profit for the previous year [1][3]. Group 1: Legal Dispute - The lawsuit involves a construction contract dispute where 桔乐能电力 (沧州)有限公司 is accused of significant delays and deviations from the contract terms [2]. - The plaintiff, 十一科技, demands payment based on a third-party cost assessment, totaling 137 million yuan for overdue payments, along with additional claims amounting to 28.05 million yuan [2][3]. - The project in question is a 110MW agricultural-photovoltaic complementary project, which began construction in November 2020 [2][7]. Group 2: Financial Impact - The compensation amount requested is equal to the net profit of 新筑股份' subsidiary, 晟天新能源, which was 144 million yuan last year [3]. - 晟天新能源 reported a revenue of 650 million yuan last year, indicating the financial significance of the lawsuit [3]. - The lawsuit could have a substantial impact on 新筑股份' financial performance, given the size of the claim relative to the subsidiary's earnings [3]. Group 3: Company Operations - 晟天新能源 has invested in 22 photovoltaic power stations across China, with a total installed capacity of 1958.52MW, including both operational and under-construction projects [3]. - The company has a significant focus on renewable energy, with over 50% of its revenue derived from photovoltaic power generation [4]. - The ongoing legal issues may affect the company's operations and future projects in the renewable energy sector [2][4].