Shanghai Guijiu (SH:600696) Xin Lang Cai Jing·2025-10-10 12:49Core Viewpoint - The final ruling in the trademark dispute case involving *ST Yanshi has resulted in the company being ordered to pay over 4.18 million yuan and to cease using the name "Guijiu" [1][2][3] Legal Proceedings - The case originated from a trademark infringement lawsuit filed by Guizhou Guijiu Group against multiple parties, including *ST Yanshi, with the initial ruling made by the Nanjing Intermediate People's Court in July 2021 [2][3] - The Jiangsu High Court overturned the initial ruling in May 2022, leading to a retrial, and ultimately issued a final judgment requiring *ST Yanshi to stop using the "Guijiu" name and pay damages [2][3] Financial Impact - The company has indicated that the ruling will lead to a reduction in its current profits due to the financial penalties imposed [4] - The total compensation amount ordered is 4.18847 million yuan, which includes economic losses and reasonable legal fees [3] Company Background - Guizhou Guijiu is a significant liquor producer in Guizhou Province, with a history dating back to the state-owned Guiyang Distillery, and has been under the ownership of Yanghe Brewery since 2016 [5] - *ST Yanshi, originally established in 1989, has undergone multiple name changes and was rebranded in December 2019 to incorporate "Guijiu" into its corporate identity, which led to the trademark dispute [6] Current Financial Situation - *ST Yanshi is facing significant financial challenges, with a reported revenue drop of over 85% in the first half of 2025, amounting to 28.25 million yuan [8] - The company has been under pressure to maintain its listing status, with potential delisting risks if financial performance does not improve [7][8] Stock Performance - As of October 10, *ST Yanshi's stock closed at 5.81 yuan per share, reflecting a year-to-date decline of 52.76% [9]