TANDE(SH:600665) Shen Zhen Shang Bao·2025-11-28 13:46Core Viewpoint - Tian Di Yuan Co., Ltd. announced that its subsidiaries lost three construction contract disputes in Zhengzhou and Tianjin, requiring a total payment of approximately 120 million CNY in project costs and various compensations [1][2]. Group 1: Legal Disputes - The three cases involve Zhengzhou Tian Di Yuan Real Estate Co., Ltd. and two real estate subsidiaries in Tianjin [2]. - In the Zhengzhou case, the court ruled that the construction contract signed in 2019 would be terminated, and the defendants must pay 16.2993 million CNY in project costs and interest, along with additional compensation totaling over 32 million CNY [3][4]. - The Tianjin cases require a total payment of approximately 87.91 million CNY, with the defendants ordered to pay outstanding project costs and interest [5]. Group 2: Financial Performance - The company has been experiencing continuous losses due to the downturn in the real estate sector, reporting a loss of 390 million CNY in 2023 and projected losses of 1.02 billion CNY in 2024 [6]. - For the first three quarters of the year, the company achieved a total revenue of 2.877 billion CNY, a year-on-year increase of 10.92%, but reported a net loss attributable to shareholders of 220 million CNY, a decrease of 320 million CNY compared to the same period last year [6]. Group 3: Market Performance - As of November 28, the company's stock price increased by 0.82%, closing at 3.69 CNY per share, with a total market capitalization of 3.189 billion CNY [7].