Autel(SH:688208) Shang Hai Zheng Quan Bao·2026-01-27 19:46Core Viewpoint - The company, Shenzhen Daotong Technology Co., Ltd., has been involved in a legal dispute regarding patent infringement, which has recently concluded in favor of the company, resulting in a positive financial adjustment for the upcoming fiscal year [2][4]. Group 1: Lawsuit Background - On June 30, 2021, Orange Electronics Co., Ltd. filed a lawsuit against the company in the U.S. District Court for the Eastern District of Texas, claiming that the company's TPMS products infringed on its U.S. Patent No. 8031064C3 [2]. - On June 8, 2023, a jury ruled that the company's TPMS products infringed on claims 26 and 27 of the patent, ordering the company to pay $6,616,397 in damages [2]. - The company filed a post-trial motion on July 10, 2023, asserting that it did not infringe the patent and challenging the patent's validity [2]. Group 2: Progress of the Lawsuit - On May 2, 2024, the district court ruled that the company did not infringe the patent [3]. - On May 22, 2024, Orange appealed the district court's decision, while the company filed a cross-appeal seeking to invalidate the patent [3]. - Recently, the U.S. Court of Appeals for the Federal Circuit issued a judgment declaring the disputed patent invalid, confirming that the company did not infringe [4]. Group 3: Impact of the Judgment - Following the judgment, the company plans to adjust the previously accrued estimated liability of $3.5 million, which is approximately 24,789,450.64 RMB, and expects to reverse about 24.79 million RMB, positively impacting the company's profit for the fiscal year 2025 [5]. - This adjustment is classified as a post-period adjustment affecting the current financial data, with the final impact subject to confirmation by the auditing firm [5].