Harmontronics Automation(SH:688022) Xin Lang Cai Jing·2025-10-16 12:52Core Viewpoint - Suzhou Hanchuan Intelligent Technology Co., Ltd. is facing a lawsuit from Zhuhai Titan New Power Electronics Co., Ltd. over a payment dispute related to a contract for equipment procurement, with a total claim of approximately 27.8 million yuan in unpaid amounts and associated costs [1][2]. Group 1: Lawsuit Details - The lawsuit stems from a contract signed on January 6, 2023, where Hanchuan Intelligent agreed to purchase a system for a total price of 78 million yuan, but has failed to pay the remaining 27.8 million yuan [1]. - Titan New Power is demanding Hanchuan Intelligent and Mianyang High-tech Exson New Energy Technology Co., Ltd. to pay the outstanding amount along with overdue interest and legal fees [1][2]. Group 2: Payment Agreement and Current Status - A tripartite payment agreement was signed, stating that Mianyang Exson is responsible for paying the remaining amount to Titan New Power, and any disputes regarding payment do not involve Hanchuan Intelligent [2]. - Mianyang Exson has made a partial payment of approximately 7.13 million yuan, with a remaining balance of about 20.22 million yuan [2]. Group 3: Financial Impact and Company Response - The lawsuit's impact on Hanchuan Intelligent's profits is currently uncertain, pending the court's final judgment [3]. - The plaintiff has applied for the preservation of Hanchuan Intelligent's bank deposits amounting to approximately 29.24 million yuan, leading to the freezing of accounts totaling about 3.08 million yuan, which represents significant percentages of the company's net assets and cash [3]. - The company is maintaining stable operations and has communicated the situation to Mianyang Exson, preparing to submit relevant materials to the court [3].