Core Viewpoint - The company Hanchuan Intelligent has filed a lawsuit against Mianyang Exson New Energy Technology Co., Ltd. and its shareholders for a total claim of approximately 244 million yuan due to unpaid debts related to equipment procurement contracts [1][3]. Group 1: Company Overview - Hanchuan Intelligent's stock price is 15.58 yuan, with a market capitalization of 2.74 billion yuan [1]. - Mianyang Exson is a subsidiary of Shenzhen Exson New Energy Technology Co., Ltd., and its major shareholder is Mianyang High-tech Development Investment Holding Co., Ltd., a state-owned enterprise [1]. Group 2: Contractual Agreements - Hanchuan Intelligent entered into two equipment procurement contracts with Mianyang Exson, with the first contract requiring payment in 12 installments from 2023 to 2025 [2]. - The second contract for a pilot line also stipulated a payment structure based on equipment acceptance milestones [2]. Group 3: Payment Issues - Mianyang Exson initially made payments as agreed in 2023, but payment delays began in 2024, leading to a total outstanding amount of approximately 234 million yuan [3]. - The delays in payment are attributed to issues with government funding allocations affecting Mianyang Exson's cash flow [3]. Group 4: Financial Performance - Hanchuan Intelligent is facing significant financial difficulties, with a projected revenue decline of about 65% in 2024 and a net loss of 1.103 billion yuan [4]. - The lawsuit amount of 244 million yuan represents about half of Hanchuan Intelligent's expected revenue for 2024 [4]. Group 5: Legal Actions Against Shareholders - In addition to Mianyang Exson, Hanchuan Intelligent has also filed lawsuits against its two shareholders, claiming they have abused their positions by failing to fulfill their capital contribution obligations [5]. - Mianyang High-tech Development Investment Holding Co., Ltd. has a subscribed capital of 160 million yuan but has only contributed 80 million yuan [5].