龙洲股份控股孙公司涉两起重大诉讼 合计涉案金额4.31亿元

Core Viewpoint - Longzhou Co., Ltd. (龙洲股份) disclosed two significant lawsuits involving its subsidiary Dongguan Zhongqi Hongyuan Automobile Co., Ltd. (中汽宏远) related to sales contract disputes, with a total claim amount of approximately 431 million yuan [1][2]. Group 1: Lawsuit Details - The lawsuits involve claims from Dongguan Bus Co., Ltd. and Dongguan City Bus Transportation Co., Ltd., with amounts of 205 million yuan and 226 million yuan respectively [1]. - The core issue stems from battery failures in electric buses sold by Zhongqi Hongyuan, with the first batch of 250 buses purchased in October 2018 experiencing issues starting from October 2021 [1][2]. - The second batch of 422 buses, purchased by Dongguan City Bus, began showing similar problems from January 2021, leading to operational halts [1]. Group 2: Legal Claims and Agreements - Both plaintiffs are demanding Zhongqi Hongyuan to fulfill warranty obligations and compensate for operational losses due to the vehicle failures, along with covering legal fees and other related costs [2]. - Zhongqi Hongyuan has reached agreements with the plaintiffs regarding warranty and repair matters, and has completed the necessary maintenance work [2]. - Longzhou Co., Ltd. plans to pursue compensation from Weihong Company (微宏公司) for the repair costs and operational losses incurred due to the battery issues [2]. Group 3: Financial Impact and Other Legal Matters - As of the announcement date, the company and its subsidiaries have other minor litigation and arbitration matters totaling 83.2852 million yuan, representing 7.16% of the audited net assets for 2024 [3]. - The company stated that the impact of the lawsuits on its financial performance remains uncertain until a judgment is reached [3].