HBSXNBM(SH:600293) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-11-15 23:20Core Viewpoint - The company, Hubei Three Gorges New Material Co., Ltd., is currently involved in a legal dispute concerning a financial loan contract, with an amount of 150 million yuan (approximately 22.5 million USD) at stake, and has filed an appeal against a first-instance judgment [2][3][4]. Group 1: Legal Proceedings - The case is currently in the second instance, with the appeal accepted by the Guangdong High People's Court [2]. - The company is the appellant in the case, which involves multiple defendants including Shenzhen Hengbo Commercial Chain Co., Ltd. and several individuals [3][4]. - The original judgment from the Shenzhen Intermediate People's Court was issued on November 5, 2025, and the company has filed an appeal against this judgment [3][4]. Group 2: Financial Impact - The company has already made provisions for the principal amount of 150 million yuan in 2021, which is expected to minimize the impact of related interest on future profits [2][6]. - The final accounting treatment and impact amount will be confirmed by the registered accountant's audit results [6]. Group 3: Company Actions - The company is actively monitoring the progress of the lawsuit and is taking measures to protect its rights [6]. - The company has committed to timely information disclosure in accordance with relevant regulations [6].