Huafa Properties(SH:600325) Shang Hai Zheng Quan Bao·2025-11-19 18:18Core Viewpoint - The company, Zhuhai Huafa Industrial Co., Ltd., has initiated a lawsuit against Jilin Tianmao Real Estate Group Co., Ltd. for a financial dispute involving a total amount of approximately 627.93 million yuan [3][4]. Group 1: Lawsuit Details - The lawsuit has been filed and accepted by the Zhuhai Intermediate People's Court, with the case number (2025) Yue 04 Min Chu 609 [4]. - The plaintiff, Zhuhai Huazhuo Real Estate Development Co., Ltd., is a subsidiary within the company's consolidated financial statements [4]. - The defendant, Jilin Tianmao, is accused of failing to return funds that were requested multiple times, totaling 627 million yuan [5]. Group 2: Financial Implications - The lawsuit seeks to recover the 627 million yuan along with compensation for the financial losses incurred due to the fund's occupation, calculated based on the one-year Loan Prime Rate (LPR) from the date of the lawsuit until the funds are fully repaid [6]. - Additionally, the plaintiff is requesting compensation for legal fees amounting to 930,000 yuan and for the defendant to bear all related litigation costs [7]. - The company has indicated that the impact of this lawsuit on its current or future profits remains uncertain as the case has not yet been heard [3][7]. Group 3: Other Legal Matters - As of the announcement date, the company has no other undisclosed significant litigation or arbitration matters apart from the current case [7]. - Over the past twelve months, the company and its subsidiaries have been involved in litigation totaling approximately 1.74 billion yuan, which does not meet the disclosure standards for significant litigation as per the Shanghai Stock Exchange regulations [7].