Core Viewpoint - The article highlights the ongoing issue of unpaid construction funds amounting to over 8 million yuan owed to a construction company, 瑞兆建筑安装公司, by local government entities in Shandong, China, which has led to severe financial distress for the company and its owner [1][10][13]. Group 1: Background of the Case - 康瑞兆, the owner of 瑞兆建筑安装公司, has been trying to recover millions in unpaid construction fees since 2017 after completing two school projects in聊城, Shandong [1][5]. - The total investment for the East Changfu District Huayuan Road Primary School project was approximately 43.78 million yuan, fully funded by government allocations [3]. Group 2: Legal Actions and Agreements - In 2024, 康瑞兆 decided to pursue legal action after prolonged delays in payment, leading to a mediation agreement in December 2024, which stipulated a total settlement amount of approximately 11.28 million yuan, with a payment plan to clear the remaining balance by October 2025 [8][9]. - The mediation agreement confirmed that prior payments of about 5.56 million yuan had been made, leaving a balance of approximately 5.72 million yuan still owed [9]. Group 3: Payment Issues and Financial Distress - Despite the mediation agreement, the payments have not been made as scheduled, with 康瑞兆 reporting that only about 900,000 yuan has been recovered so far, leaving around 800,000 yuan still outstanding [10][13]. - The financial strain from the unpaid debts has caused 康瑞兆's company to face severe operational challenges, leading to a breakdown in the company's cash flow and resulting in the owner mortgaging multiple properties to cover debts [10][12]. Group 4: Government Response and Current Status - Following media exposure of the issue in September 2025, there were attempts by local government officials to address the repayment situation, but as of January 2026, no substantial resolution has been reached [14]. - The East Changfu District Education and Sports Bureau and 东安公司 have been criticized for their failure to adhere to repayment commitments, with 康瑞兆 expressing frustration over the lack of timely and full payments [13][14].

Core Viewpoint - The article highlights the ongoing issue of unpaid construction funds amounting to over 8 million yuan owed to a construction company by local government entities in Shandong, China, which has led to severe financial distress for the company and its owner [1][2][4]. Group 1: Background of the Case - The construction company, 瑞兆建筑安装公司, was founded in 2011 and has been involved in various projects, including two school-related construction projects in 2017 [4]. - The total investment for the East Changfu District Huayuan Road Primary School project was approximately 43.78 million yuan, fully funded by government allocations [2]. Group 2: Payment Issues - The company has been owed over 9.6 million yuan in total, with only about 900,000 yuan recovered so far, despite multiple agreements and promises from the contracting parties [7][11]. - A mediation agreement was reached in December 2024, confirming a settlement amount of approximately 11.28 million yuan, with a payment plan that included monthly installments [7][8]. Group 3: Financial Distress - Due to the prolonged payment delays, the company faced a financial crisis, leading to a broken cash flow and the owner having to mortgage multiple properties to cover debts [10]. - The company has been listed as a high-consumption restriction enterprise and has faced tax-related issues, further complicating its financial situation [10]. Group 4: Attempts to Resolve the Issue - The owner has made numerous attempts to communicate with the East Changfu District Education and Sports Bureau and the contracting company, but these efforts have often resulted in unfulfilled promises [12]. - Despite a verbal agreement for a repayment plan, the actual payments have been inconsistent, with the owner reporting that the entities involved have not adhered to the agreed terms [11][12].

Core Viewpoint - Hebei Hengt Group is facing operational difficulties due to long-term payment delays from local authorities for multiple environmental and livelihood projects, leading to a potential bankruptcy situation [1][4]. Group 1: Company Overview - Hebei Hengt Group operates in the fields of sewage treatment and ecological restoration, with three independent subsidiaries: Hebei Hengt Environmental Engineering Co., Ltd., Qinhuangdao Jishui Water Conservancy Construction Engineering Co., Ltd., and Hebei Puyun Environmental Governance Co., Ltd. [1] - The company has signed nine contracts with the Water Affairs Bureau of Haigang District, Qinhuangdao City, and has completed all contractual obligations, passing acceptance and settlement audits [1][3]. Group 2: Contractual Issues - The total settlement price for the "Qinhuangdao Haigang District Rainwater Discharge River to Sea Water Quality Improvement Comprehensive Treatment Project (Phase I)" is 39.76 million yuan, with the project passing inspection on August 18, 2023 [3]. - Despite the completion and acceptance of the project, the Water Affairs Bureau has failed to pay the contracted amounts, leading to a cash flow crisis for Hebei Hengt [3][4]. Group 3: Payment Delays and Agreements - As of March 18, 2024, the Water Affairs Bureau owed Hebei Hengt a total of 19.54 million yuan, and a payment deferral agreement was signed, stipulating that payments would be made over one year [4]. - The Water Affairs Bureau has acknowledged a total of 69.63 million yuan in overdue payments across 15 projects, with plans to repay in five annual installments by the end of 2029 [6].