ZHIGUANG(SZ:002169) Xin Lang Cai Jing·2025-11-17 07:50Core Viewpoint - There are significant payment risks associated with collaboration with the Adani Group, particularly due to ongoing payment disputes and legal issues [1] Group 1: Payment Disputes - The Adani Group is currently facing a long-standing payment deadlock with its core power cooperation project in Bangladesh, with outstanding electricity payments and late fees amounting to $800 million [1] Group 2: Credibility and Legal Issues - The Adani Group's credibility has been severely damaged, leading to financing and performance risks, as they and key members are facing a lawsuit in the U.S. for alleged bribery and securities fraud amounting to $265 million in 2024 [1] Group 3: Company Response - The company, Zhiguang Electric (SZ002169), has stated that it has not entered into any actual cooperation with the Adani Group [1]