PACIFIC QUARTZ(SH:603688) Zhong Guo Neng Yuan Wang·2026-01-06 02:46Core Viewpoint - Jiangsu Pacific Quartz Co., Ltd. (referred to as "the Company") and its subsidiary Lianyungang Qiangbang Quartz Products Co., Ltd. have been involved in a legal case regarding the infringement of trade secrets, resulting in a fine of 2.7 million RMB for Qiangbang [1][2]. Group 1: Legal Issues - Qiangbang was convicted of trade secret infringement, leading to a fine of 2.7 million RMB, while individual defendants received prison sentences and additional fines [2]. - The Company emphasizes that it is the victim in this case and that its current operations remain normal, although the judgment is not yet final [2]. Group 2: Acquisition Details - In 2022, the Company planned to acquire 51% of Qiangbang for 51 million RMB, with an estimated valuation of 100 million RMB for Qiangbang based on financial metrics [1]. - The acquisition was intended to enhance the Company's production scale of high-purity quartz sand, but it has faced legal challenges due to Qiangbang's historical issues with trade secret violations [2]. Group 3: Financial Performance - The Company has experienced a decline in financial performance, with revenue and net profit for the first three quarters of 2025 reported at 753 million RMB and 135 million RMB, respectively, reflecting year-on-year decreases of 24.46% and 56.81% [3].