浙江国企赢了，安徽一水利局被当地法院判决：支付1.55亿元款项

Core Viewpoint - The court has ruled in favor of *ST Weihai regarding a PPP project contract dispute, confirming the termination of the project contract and ordering the payment of 155 million yuan by the Liu'an Water Conservancy Bureau to the project company [2][5]. Group 1: Project Background - The PPP project began in November 2017, with *ST Weihai as the leading partner in a consortium that included Longyuan Construction and Ningbo Huamu, establishing the project company Liu'an Hehai in January 2018, where *ST Weihai holds an 80% stake [4]. - The total investment for the project was 2.295 billion yuan [4]. Group 2: Legal Proceedings - Due to contract performance disputes, *ST Weihai and Liu'an Hehai filed a lawsuit seeking approximately 185 million yuan in repurchase fees and related interest from the Liu'an Water Conservancy Bureau [5]. - In January 2024, the Liu'an Intermediate Court initially ruled that the Liu'an Water Conservancy Bureau should pay 150 million yuan, but this decision was later revoked by the Anhui Provincial High Court, leading to the current retrial [5]. Group 3: Financial Performance - For 2024, the company reported an operating income of 2.483 billion yuan, a year-on-year increase of 16.42%, but a net loss of 151 million yuan, a decrease of 10.20% year-on-year [7]. - In the first three quarters of 2025, the company achieved an operating income of 1.29 billion yuan, a year-on-year decrease of 4.88%, while the net profit attributable to shareholders was 37.52 million yuan, a significant increase of 145.18% [7]. - The company indicated that the impact of the court ruling on current and future profits cannot be determined until the judgment is officially effective, but the expected payment from the Liu'an Water Conservancy Bureau could be approximately 4.13 times the net profit for the first three quarters of this year [7]. Group 4: Market Reaction - On the day the retrial ruling was announced (November 13), *ST Weihai's stock price hit the daily limit, closing at 4.37 yuan per share, with a market capitalization of approximately 5 billion yuan [8].