Core Viewpoint - New Dazhou A is facing a legal dispute with the Yakeshi Municipal Government over unpaid exploration rights fees amounting to approximately 28.51 million yuan, which has led to a lawsuit [1][2][3] Group 1: Legal Dispute - The Yakeshi Municipal Government is suing New Dazhou for the remaining payment of 28.51 million yuan related to the exploration rights of the Wujiao Southwest Mining Area [1][2] - New Dazhou claims to have paid a total of 12 million yuan, while the government asserts that only 5 million yuan has been paid, leading to a significant discrepancy [2] - The case has not yet gone to trial, and New Dazhou states that the principal amount is disputed, making it difficult to predict the impact on future profits [3] Group 2: Financial Difficulties - New Dazhou's financial troubles are not new, as a subsidiary recently reported an overdue bank loan of 80 million yuan, which has compounded the company's financial pressure [4] - The company has also disclosed two additional minor litigation matters involving its subsidiary, with amounts of 4.94 million yuan and 136.2 thousand yuan respectively [4] - The company's performance has been declining, with a revenue drop of 37.68% year-on-year to 252 million yuan in the first half of the year, and a net loss of 78.07 million yuan [5] Group 3: Historical Context - The exploration rights issue dates back to 2006 when New Dazhou acquired a significant stake in the Wujiao Coal Group and related mining rights for 188 million yuan [2] - The government notified New Dazhou in July 2024 to pay 33.51 million yuan for the exploration rights, which was agreed to be settled by December 31, 2024 [2]