中国基金报·2025-08-05 14:07Core Viewpoint - Mingzhi Technology has filed a lawsuit against ST Yundong for unpaid debts totaling approximately 35.38 million yuan, which includes 30.97 million yuan in overdue payments and 4.41 million yuan in overdue payment losses [2][4][6]. Group 1: Lawsuit Details - The lawsuit was initiated due to ST Yundong's failure to pay 30.97 million yuan for goods delivered by Mingzhi Technology, which has been ongoing since 2005 [6][12]. - Mingzhi Technology has made provisions for bad debts amounting to 12.43 million yuan related to ST Yundong's receivables as of July 31, 2025 [4]. - The total amount involved in the lawsuit is 35.38 million yuan, which is significant as it represents nearly 50% of Mingzhi Technology's net profit for 2024 [9][12]. Group 2: Financial Performance - In 2024, Mingzhi Technology reported revenues of 631 million yuan, an increase of 18.37% year-on-year, and a net profit of 66.34 million yuan, up 352.42% from the previous year [11]. - The unpaid amount of 30.97 million yuan constitutes approximately 47% of Mingzhi Technology's net profit for 2024 [12]. - ST Yundong has faced financial difficulties, reporting losses for three consecutive years from 2022 to 2024, with net profits of -1.32 billion yuan, -1.29 billion yuan, and -1.22 billion yuan respectively [14]. Group 3: Company Background - Mingzhi Technology specializes in sand casting, providing high-end core-making equipment and high-quality cast products [10]. - ST Yundong, established in 1999, focuses on the research, production, and sales of diesel engines and has expanded into gasoline engine production since 2021 [13]. - ST Yundong's stock was placed under risk warning in July 2025 due to false disclosures in its annual reports [13].