Core Viewpoint - Huadong Heavy Machinery has initiated a counterclaim against the Jieja system due to contract disputes, with the involved amount reaching 306 million yuan [1][3]. Group 1: Legal Disputes - Huadong Heavy Machinery's subsidiary, Xuzhou Guangneng Technology, has filed a lawsuit against Jieja Weichuang and its subsidiaries, claiming 306 million yuan for delayed equipment delivery and non-compliance with technical specifications [1][3]. - Jieja Weichuang previously filed lawsuits against Huadong Heavy Machinery's subsidiaries for a total of 208 million yuan, citing payment disputes and contract breaches [2][3]. - The legal actions have negatively impacted Xuzhou Guangneng's operations, prompting the company to seek technical assessments of the supplied equipment [3]. Group 2: Financial Performance - Xuzhou Guangneng reported revenues of 295 million yuan and a net loss of 18.4 million yuan for the year 2024, while Wuxi Guangneng reported zero revenue and a net loss of 1.2976 million yuan [5][6]. - Both subsidiaries are facing financial difficulties, leading to court-ordered restructuring due to their inability to repay debts [5][6]. Group 3: Strategic Direction - Huadong Heavy Machinery is currently adopting a contraction strategy in the photovoltaic sector and is not planning to increase investments in this area [6]. - The company has provided significant financial support to its subsidiaries, totaling 3.8 billion yuan for Xuzhou Guangneng and 270 million yuan for Wuxi Guangneng, but is concerned about the potential impact of the restructuring on the recovery of these funds [6].