LEHUI International(SH:603076) Xin Lang Zheng Quan·2025-11-04 09:24Core Viewpoint - Lehui International (603076.SH) has successfully won a lawsuit against Jin Xin, recovering over 20 million RMB, which supports the company's asset quality and cash flow performance [2][6]. Group 1: Legal and Financial Developments - The court ruled that Jin Xin must pay 19.8 million RMB for equity transfer and 3 million RMB in penalties, totaling over 20 million RMB [2]. - The partnership with Jin Xin began in 2022 to establish a craft beer factory in Shenyang, but faced difficulties leading to a legal dispute [2][6]. - The company reported a 20.89% year-on-year increase in revenue for Q3, but net profit decreased by 56.51% due to non-recurring losses [6]. Group 2: Project Adjustments and Future Plans - The Shenyang project will be taken over by a partner company in Changchun, with no significant impact on Lehui International's operations due to low sales in Shenyang [3]. - The Changchun project has been adjusted to double the investment from 78.51 million RMB to 155.78 million RMB and increase annual production capacity from 0.5 million tons to 1 million tons [5]. - As of June 30, 2025, the Changchun project has invested 76,000 RMB, with a focus on the young consumer demographic driving growth in the craft beer market [6].