Core Viewpoint - The company, Tan Mu Jiang, faces a final court ruling against it regarding a property dispute with Suzhou Jianxing Real Estate Co., Ltd, leading to a bleak outlook for recovering funds from the transaction [1][2]. Group 1: Legal Proceedings - The company entered into a property purchase agreement in December 2013, paying 33.5563 million yuan for a property in Jiangsu Province, but has not received ownership documents due to the developer's failure to fulfill contractual obligations [1]. - The developer declared bankruptcy in June 2020, and the court ruled in favor of the developer in July 2021, requiring the company to return the property [1][2]. - The Jiangsu High Court rejected the company's request for a retrial, stating that the property was never formally transferred to the company and was part of the developer's bankruptcy assets [2]. Group 2: Financial Implications - As of December 31, 2025, the property is valued at approximately 22.7961 million yuan on the company's financial statements, and the execution of the final ruling is expected to lead to asset write-off [3]. - Following the termination of the contract, the company will become an unsecured creditor in the developer's bankruptcy proceedings, seeking to recover the original purchase price of 33.5563 million yuan, but the prospects for actual recovery are deemed bleak due to the developer's insolvency [3]. Group 3: Company Performance - In the first half of 2025, the company reported revenue of 287.9 million yuan, representing a year-on-year increase of 9.43%, and a net profit attributable to the parent company of 109 million yuan, reflecting a growth of 13.25% year-on-year [3].
钱房两空！谭木匠终审败诉，3356万元购房款恐“打水漂”