GLCC(SH:600234) Shen Zhen Shang Bao·2026-01-20 12:43Core Viewpoint - The company announced a significant legal development regarding a construction contract dispute, where the court ruled that the defendant must pay 130 million yuan, but the defendant has no assets available for execution [1]. Group 1: Legal Proceedings - The court has ruled that Shenzhen Laihua Real Estate Co., Ltd. must pay 130 million yuan in project payments and overdue payment penalties to Shenzhen Tida Decoration Engineering Co., Ltd. [1] - The execution process has been terminated due to the lack of assets available for execution from the defendant [1]. Group 2: Financial Impact - The company has prudently recognized a total of 112 million yuan in credit impairment losses and asset impairment losses for the years 2024 and prior [2]. - The company will assess the financial impact of this ruling on its 2025 performance based on the annual audit results [2]. Group 3: Business Overview - The company operates in construction engineering, office leasing, and internet advertising marketing [2]. - For the first three quarters of the previous year, the company reported total revenue of 262 million yuan, a year-on-year increase of 66.92%, and a net profit attributable to shareholders of 31.09 million yuan, a year-on-year increase of 170.94% [2].