WANLIN LOGISTICS(SH:603117) Shang Hai Zheng Quan Bao·2025-11-18 19:03Core Viewpoint - Jiangsu Wanlin Modern Logistics Co., Ltd. has announced the progress of a significant lawsuit, indicating that the outcome is not expected to adversely affect the company's current or future profits due to prior provisions made for bad debts [2][5]. Group 1: Lawsuit Overview - The lawsuit involves a contract dispute between the company and Shandong Weishanhu Dayun Coal and Coke Sales Co., Ltd., with a first-instance judgment requiring the defendant to return a prepayment of 141,139,732.27 yuan plus interest [2][5]. - The total amount involved in the case is 319,942,966.81 yuan [6]. Group 2: Legal Proceedings - The company and its subsidiary appealed the first-instance judgment, but the Jiangsu Provincial High People's Court upheld the original ruling in a second-instance judgment [5][6]. - The total litigation costs for the second-instance case amounted to 1,622,615 yuan, with the company and its subsidiary bearing 875,116 yuan of this cost [7]. Group 3: Financial Impact - The company has already made full provisions for bad debts related to the disputed receivables, which mitigates the potential negative impact on its financial statements [2][7]. - The final accounting treatment and impact amount will be determined based on the company's financial reports following the execution of the judgment [2][7].