Core Viewpoint - Huaying Technology has won a final judgment in a long-standing lawsuit against its former controlling shareholders, resulting in a compensation payment of 3.029 billion yuan, which is expected to positively impact the company's operations and development [2][5][8]. Group 1: Lawsuit Background - The lawsuit between Huaying Technology and its former controlling shareholders dates back to 2019, initiated due to contract disputes related to performance commitments made during a major asset restructuring in 2010 [7][10]. - The initial ruling by the Fujian High Court ordered Huaying Bermuda to pay 3.029 billion yuan in performance compensation, with Da Tong Company and China Display also held jointly liable [7][8]. Group 2: Financial Implications - Huaying Technology reported a revenue of 1.739 billion yuan for 2024, with a cumulative net loss of nearly 4.2 billion yuan over the past four years [5][12]. - The successful execution of the 3.029 billion yuan compensation could significantly improve Huaying Technology's financial situation and operational prospects [5][12]. Group 3: Company Status - Huaying Technology has been facing continuous operational challenges, with a reported revenue decline of 21.03% year-on-year in the first three quarters of 2025, amounting to 1.039 billion yuan [12]. - The company is a key player in the display panel manufacturing industry, focusing on the research, design, production, and sales of display panels and modules [12].
000536,终审胜诉,获赔30亿元