Core Viewpoint - Meizhi Co., Ltd. is involved in legal disputes regarding contract payments, which may impact its financial situation, although the company has made provisions for potential losses from these disputes [1][4]. Group 1: Legal Disputes - Meizhi Co., Ltd. has filed a lawsuit against Henan Laojun Mountain Cultural Tourism Group for a contract dispute involving an amount of 13.67 million yuan [1]. - The court has ruled against Meizhi Co., Ltd. in the first instance, requiring the company to bear the case acceptance fee of 103,800 yuan [1]. - The company is also pursuing arbitration against China Railway Construction Group for payment issues related to the Boao Research Hospital project, claiming approximately 12.73 million yuan [4]. Group 2: Financial Impact - Meizhi Co., Ltd. has fully provisioned for the receivables related to the lawsuit, indicating that the legal proceedings will not significantly affect the company's current or future profits [4]. - The company reported a revenue of 241 million yuan for the first three quarters of the year, representing a year-on-year decline of 54.84% [6]. - The net loss attributable to shareholders for the same period was 44.26 million yuan, although this loss has narrowed compared to previous periods [6]. Group 3: Company Background and Performance - Founded in 1984, Meizhi Co., Ltd. specializes in various construction and decoration services and was listed on the Shenzhen Stock Exchange in March 2017 [5]. - The company has experienced consecutive annual losses, with net profits attributable to shareholders of -161 million yuan, -143 million yuan, -174 million yuan, and -257 million yuan from 2021 to 2024, totaling approximately 735 million yuan in cumulative losses [5].
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