Huati Tech(SH:603679) Xi Niu Cai Jing·2025-10-11 07:33Core Viewpoint - Huatai Technology (603679) announced that its basic account and fundraising special account have been judicially frozen, with a total frozen amount of 34.11 million yuan [1]. Financial Impact - The frozen funds account for 4.1% of the company's most recent audited net assets and 16.25% of its audited monetary funds [4]. - The frozen amount also represents 4.21% of net assets and 19.96% of monetary funds on the day of the announcement [4]. - As of the mid-year report, Huatai Technology had monetary funds of 171 million yuan, indicating that the freeze may exert some pressure on short-term cash flow [4]. Legal Context - The freeze is due to a contractual dispute with Shanghai Zhongdian Electronic System Technology Co., Ltd. regarding procurement contract acceptance, settlement, and payment for projects related to the Chengdu Ring Eco-City Smart Greenway and Smart Agriculture [4]. - The core dispute centers on the failure to meet the contractually agreed settlement milestones, leading Shanghai Zhongdian to apply for judicial preservation at the Chengdu Shuangliu District People's Court [4]. Company Response - Huatai Technology is actively contacting the court to verify the situation and has stated that, as of the announcement, this matter has not caused any substantial impact on the normal operation of its main business [4].