CPT TECH GROUP(SZ:000536) Chang Jiang Shang Bao·2025-12-16 00:05Core Viewpoint - The Supreme People's Court ruled in favor of Huaying Technology, ordering Huaying Bermuda to pay 3.029 billion yuan in performance compensation, which is expected to significantly improve the company's financial situation despite uncertainties regarding the collection of the amount [1][2][3]. Group 1: Legal Proceedings - The lawsuit lasted seven years, originating from a performance commitment made by Huaying Bermuda after Huaying Technology's major asset restructuring in 2010 [1][4]. - Huaying Technology initiated the lawsuit in early 2019, seeking 1.914 billion yuan initially, which was later increased to 3.029 billion yuan after adding two more defendants [3][4][6]. - The court upheld the first-instance ruling, confirming that Huaying Bermuda must pay the compensation, while the other two defendants bear joint liability [3][4]. Group 2: Financial Impact - If the 3.029 billion yuan compensation is received, it will greatly enhance Huaying Technology's operational performance, which has been under pressure due to ongoing losses in the display panel industry [2][13]. - For the first three quarters of 2025, Huaying Technology reported a revenue of 1.039 billion yuan, a year-on-year decrease of 21.03%, and a net loss of 722 million yuan, although this represented a reduction in losses compared to the previous year [11][12]. - Since 2016, the company has accumulated a non-recurring net profit loss of approximately 150.58 billion yuan, indicating a challenging financial history [12]. Group 3: Company Background - Huaying Technology, originally Min Dong Electric, underwent a significant asset restructuring in 2010, changing its main business to the research, production, and sales of display panels and modules [4][10]. - The company has faced declining revenues since 2016, with revenue dropping from over 40 billion yuan to 1.739 billion yuan by 2024 [10][12]. - In 2020, Huaying Technology changed ownership, with the Electronic Information Group becoming the controlling shareholder [12].