Core Viewpoint - A rental contract signed five years ago has led to a legal dispute for Zhuoran Co., with its wholly-owned subsidiary Jiangsu Zhuoran Enterprise Service Co., facing a claim exceeding 43 million yuan from Jiangyin Port Group [1][3][10] Group 1: Legal Dispute Details - Jiangsu Zhuoran is being sued by Jiangyin Port Group for a total of 43.24 million yuan, which includes unpaid rent, penalty fees, and usage fees [3][4] - The rental agreement, effective from January 1, 2020, to December 31, 2024, stipulates an annual rent of 33.91 million yuan, payable in two installments [4][6] - Jiangyin Port Group claims that Jiangsu Zhuoran has not paid the full rent for 2024, amounting to 23.91 million yuan, and has incurred penalty fees for late payment [7][10] Group 2: Company Background and Financials - Jiangyin Port Group is a state-owned enterprise under the Jiangyin Economic and Technological Development Zone Management Committee and the Jiangyin Municipal Government [3][9] - In its 2025 bond mid-term report, Jiangyin Port Group reported total revenue of 2.102 billion yuan, a year-on-year decrease of approximately 18.24% [8] Group 3: Company Response and Counterclaims - Zhuoran Co. has engaged a professional legal team to respond to the lawsuit and does not expect the case to significantly impact its daily operations [10] - Jiangsu Zhuoran has filed a counterclaim seeking the return of overpaid rent amounting to 14.89 million yuan, although the court has advised that this can be filed as a counterclaim in the ongoing case [10]

Core Viewpoint - A rental contract signed five years ago has led to a legal dispute for Zhuoran Co., Ltd., with its wholly-owned subsidiary facing a claim exceeding 43 million yuan from Jiangsu Zhuoran Enterprise Service Co., Ltd. [1] Group 1: Legal Dispute Details - Jiangsu Zhuoran has been sued by Jiangsu Port Group for a rental contract dispute, with the claim totaling 43.2448 million yuan, including unpaid rent, penalties, and usage fees [1][3] - The rental agreement, effective from January 1, 2020, to December 31, 2024, stipulated an annual rent of 33.908 million yuan, payable in two installments each year [3] - Jiangsu Port Group asserts that Jiangsu Zhuoran has not paid the full rent for 2024, amounting to 23.908 million yuan, and has incurred penalties for late payment [3][4] Group 2: Company Response and Counterclaims - Zhuoran Co. plans to actively respond to the lawsuit and has submitted a counterclaim to recover overpaid rent, although the court returned the counterclaim materials due to Jiangsu Port Group's prior filing [5][6] - The company emphasizes that the dispute arises from differing views on the rental payment settlement between Jiangsu Zhuoran and Jiangsu Port Group [5][6] Group 3: Financial Context - Jiangsu Port Group reported a revenue of 2.102 billion yuan for the reporting period, reflecting an approximate 18.24% year-on-year decrease [5] - The rental property involved is approximately 140,000 square meters, and the subsidiary also rented berths from Jiangsu Port Group between 2019 and 2021 [3][4]

Core Viewpoint - A rental contract signed five years ago has led to a legal dispute for Zhuoran Co., Ltd. (SH688121), with its wholly-owned subsidiary facing a claim exceeding 43 million yuan from Jiangsu Zhuoran Enterprise Service Co., Ltd. [2][6] Group 1: Legal Dispute Details - Jiangsu Zhuoran has been sued by Jiangyin Port Group Co., Ltd. for unpaid rent, penalties, and usage fees totaling 43.2448 million yuan [6][11] - The rental agreement, effective from January 1, 2020, to December 31, 2024, stipulates an annual rent of 33.908 million yuan, payable in two installments [7][10] - Jiangyin Port Group claims that Jiangsu Zhuoran owes the full rent for 2024, amounting to 23.908 million yuan, and has incurred penalties for late payment [11][14] Group 2: Company Response and Counterclaims - Zhuoran Co. has engaged a professional legal team to respond to the lawsuit and does not expect significant impact on its operations [14][17] - Jiangsu Zhuoran has filed a counterclaim seeking the return of overpaid rent amounting to 14.8915 million yuan [15][16] - The court has advised Jiangsu Zhuoran to file a counterclaim due to the prior lawsuit initiated by Jiangyin Port Group [16][17]

Core Viewpoint - Shanghai Huili Building Materials Co., Ltd. reported a significant increase in net profit and total profit for the first half of 2025, primarily due to the transfer of equity in Huili Paint Company, despite a slight decline in operating revenue [2][3]. Company Overview and Financial Indicators - The company reported operating revenue of CNY 7,634,987.74, a decrease of 0.11% compared to the same period last year [2]. - Total profit reached CNY 56,411,832.75, an increase of 1,069.85% year-on-year [2]. - Net profit attributable to shareholders was CNY 42,104,240.10, up 1,222.72% from the previous year [2]. - The net asset attributable to shareholders increased by 23.02% to CNY 170,519,053.97 [2]. - Total assets grew by 22.49% to CNY 206,185,465.59 [2]. Business Operations - The main business focus has shifted to leasing self-owned factory buildings, with rental income from the Kangqiao area contributing CNY 7,612,900, representing the entirety of the company's operating revenue [3]. - The gross profit margin for the leasing business was 93.83%, indicating a stable and sustainable income stream [3]. - The company is exploring the construction of a distributed photovoltaic power station to reduce electricity costs for its tenants [3]. Non-Main Business Activities - The company transferred 37.50% of its equity in Huili Paint Company to Huili Group, receiving CNY 51.3 million in cash and realizing an investment income of CNY 51.96 million from this transaction [2][3]. - This equity transfer positively impacted the company's non-operating profit, mitigating potential long-term losses from Huili Paint Company [4]. Cash Flow and Financial Management - The net cash flow from operating activities was CNY 2,374,638.78, a significant increase of 607.47% compared to the previous year [2]. - The company has been actively managing its idle funds through bank deposits and financial products, generating interest income of CNY 1,035,600 [4]. Shareholder and Stock Information - The company has not proposed any profit distribution or capital reserve transfer plans for the reporting period [3]. - The total number of shareholders as of the end of the reporting period was 8,880 [8]. Legal and Regulatory Matters - The company is involved in a legal dispute regarding a rental contract, with ongoing arbitration proceedings [7].

Core Points - The company has signed a lease agreement for a factory with a total area of 12,663 square meters for a duration of 6 years [2][3] - The lease does not constitute a related party transaction or a major asset restructuring [3][4] - The rental income for the first year is set at 2.65923 million yuan, with subsequent years at 2.735208 million yuan annually [3][4] Contract Details - The factory is located at No. 1-7, 3rd Factory Building, East Sihai Avenue, Yiwu City, and is designated for production, warehousing, office, and e-commerce use [3][4] - The lease term starts from January 1, 2026, to December 31, 2031, with a 5-month rent-free period from the contract signing date [3][4] - The rental payment for the first year is due within 5 working days after signing, while payments for the following years are due by November 30 each year [4] Company Information - Zhejiang Langsha Underwear Co., Ltd. is a wholly-owned subsidiary of Sichuan Langsha Holdings Co., Ltd., established on July 14, 2006, with a registered capital of 150 million yuan [4][5] - Yiwu Xuhe Enterprise Management Co., Ltd., the lessee, was established on October 11, 2023, with a registered capital of 88,000 yuan [5][6] Impact on the Company - The leasing of the idle factory aims to activate assets and increase revenue for the company [7]