Core Viewpoint - The company, Jingyuntong, is currently involved in a legal dispute regarding a contract with the Ulaanbaatar City Construction Investment Company, which has resulted in a significant financial judgment against the company [1][4]. Group 1: Legal Dispute - Jingyuntong and its wholly-owned subsidiary have received a civil judgment requiring them to pay 210 million yuan in construction fees and 22.42 million yuan in interest for the period from June 1, 2017, to August 19, 2019 [4]. - The company plans to appeal the judgment, indicating uncertainty regarding the impact of this lawsuit on current and future profits [4]. - The dispute traces back to a 2017 investment agreement where the construction company was supposed to invest in the project but failed to complete the necessary procedures [4]. Group 2: Financial Performance - Jingyuntong has reported a significant loss of 2.36 billion yuan in net profit for 2024, with revenue halving compared to previous years [5]. - In the first three quarters of the current year, the company achieved revenue of 2.457 billion yuan, a year-on-year decline of 37.55%, and a net loss of 227 million yuan [5]. - The company attributes its financial downturn to adjustments in its new materials business, aiming to improve operational efficiency and control costs [5]. Group 3: Litigation Context - Over the past 12 months, Jingyuntong has been involved in litigation and arbitration cases amounting to 1.05 billion yuan, which represents 11.73% of its latest audited net assets [4]. - The types of disputes include various contract issues, with amounts ranging from hundreds of thousands to millions [4].
被判赔超2.3亿元!京运通合同纠纷案一审判决