SBT(SH:688392) Mei Ri Jing Ji Xin Wen·2025-12-20 06:17Core Viewpoint - The company Jiaocheng Ultrasonic has filed a lawsuit against its former partners, Sachi Intelligent Equipment Co., Ltd. and Anhui Jichi Tire Co., Ltd., to recover overdue payments totaling 48.7971 million yuan and associated late fees [2][3]. Group 1: Legal Proceedings - Jiaocheng Ultrasonic initiated legal action on December 19, 2024, against Sachi and Jichi for unpaid debts stemming from a strategic cooperation agreement signed in May 2024 [2]. - The lawsuit claims that Sachi has failed to pay the remaining balance of 48.7971 million yuan, with additional overdue payment penalties amounting to 4.3592 million yuan [3]. - The Shanghai Minhang District People's Court has accepted the case, although it has not yet been scheduled for a hearing [3]. Group 2: Company Background and Financial Issues - Sachi Intelligent Equipment is described as a leading global manufacturer of high-end intelligent equipment, with a product range that includes semi-steel radial tire forming machines and hydraulic vulcanizers [9]. - Jichi Tire has faced internal disputes, with allegations of mismanagement and financial misconduct by the previous management team, which has contributed to its current financial troubles [9]. - The equity held by Jiangsu Shunbang in Jichi Tire, amounting to 49.55%, has been frozen by the court, with an assessed value of 19.4035 million yuan, and is set for judicial auction in January 2026 [10].