Hengtong(SH:600226) Shang Hai Zheng Quan Bao·2025-11-20 19:08Core Viewpoint - Zhejiang Hengtong Holdings Co., Ltd. is currently involved in litigation against Berry Dawn Media Investment Center (Limited Partnership) regarding the return of transaction intention funds and associated penalties, with the case in the execution phase [2][3]. Group 1: Litigation Details - The company is the plaintiff in two lawsuits against Berry Dawn, seeking the return of transaction intention funds totaling 500 million yuan and 229.3 million yuan, along with associated fees and penalties [3][4][5][6]. - The total amount involved in the first case is 285,256,321.92 yuan, which includes the return of 50 million yuan, usage fees of 67,460,021.92 yuan, and a penalty of 167,796,300 yuan [3][4]. - In the second case, the company seeks the return of 22,930 million yuan and additional fees calculated at an annual interest rate of 8% and a daily penalty rate of 0.05% [4][6]. Group 2: Court Rulings and Execution Progress - The company won the first lawsuit, with the court ruling in its favor, and the judgment became effective after the withdrawal of the appeal by Berry Dawn [7]. - The second lawsuit also resulted in a favorable ruling for the company, which has been confirmed as effective [7]. - As of November 20, 2025, the court has conducted public auctions of properties owned by the defendants, with one property sold for 701,000 yuan [9]. Group 3: Financial Impact - As of December 31, 2024, the company has recorded accounts receivable from Berry Dawn totaling 266.2 million yuan, with an equivalent provision for bad debts [11]. - The company has received 21.38 million yuan from the execution of the lawsuits, and the impact on current and future profits will depend on the execution status of the lawsuits [11].