江西长运：子公司诉讼执行遇阻，后续影响暂无法判断

Core Viewpoint - Jiangxi Changyun announced that its wholly-owned subsidiary, Huarong Company, has filed a lawsuit due to a related party's default on a factoring payment of 10 million yuan and interest, along with 110,000 yuan in legal fees [1] Group 1 - Huarong Company has initiated legal proceedings after the related party failed to repay the factoring amount and associated fees [1] - The Shenzhen Intermediate Court upheld the original ruling in 2023, and Huarong Company applied for compulsory enforcement [1] - In April 2024, the court concluded the enforcement process due to the absence of assets available for execution by the defendant [1] Group 2 - After Huarong Company applied to restore enforcement, third parties raised objections regarding the execution of real estate owned by Zhong Fuyuan [1] - On November 28, 2025, the court ruled to dismiss the objections raised by the third parties [1] - Due to the uncertainty of the execution results, Huarong Company has fully provisioned for the 10 million yuan receivable factoring amount as bad debt [1]