Core Viewpoint - Sichuan Changhong Electric Co., Ltd. is involved in a legal dispute with Suning.com regarding unpaid debts exceeding 890 million yuan, with the case now in the second instance of the judicial process [2][4]. Group 1: Legal Proceedings - The subsidiary of Sichuan Changhong, Changhong Jiahua Digital Technology Co., Ltd., filed a lawsuit against Suning Procurement Center for a principal amount of 722 million yuan and an additional 173 million yuan in funds occupation fees [2][4]. - The initial contract was signed on July 31, 2020, with subsequent agreements outlining payment terms and penalties for late payments, including an annual interest rate of 6.5% on overdue amounts [4]. - As of April 21, 2024, Suning Procurement Center owed 722 million yuan in principal and 173 million yuan in occupation fees, with total collateral guarantees provided amounting to 1.258 billion yuan [4]. Group 2: Court Rulings and Appeals - On May 26, 2025, a civil judgment ordered Suning Procurement Center to pay the principal amount and occupation losses, calculated based on a base of 706 million yuan [5]. - Suning Procurement Center appealed the judgment, disputing the basis for the occupation losses and seeking to overturn the ruling [5]. - The case is currently in the second instance, with the court date yet to be determined, and the outcome remains uncertain [5]. Group 3: Industry Implications - The resolution of this dispute could positively impact Sichuan Changhong's cash flow, aiding in business expansion and competitiveness [6]. - Suning.com is undergoing business adjustments, and the case's outcome may affect its financial status and commercial reputation [6]. - The case serves as a reference for other companies in the industry regarding commercial cooperation, accounts management, and dispute resolution [6].