Core Viewpoint - The court case involving Liu Hua Co., Ltd. and the auction contract dispute has been sent back for retrial by the Guangxi High Court, raising questions about the ownership of a significant platinum asset [1][2]. Group 1: Legal Proceedings - The Guangxi High Court found procedural violations in the initial trial, leading to the annulment of the previous ruling by the Nanning Intermediate People's Court and ordering a retrial [1]. - The plaintiff, Shanxi Huaxin Blue Ocean Industrial Co., Ltd., claims ownership of approximately 264.17 kg of platinum mesh, which they argue is part of the asset package acquired through an auction [2][3]. - The initial ruling in February 2022 dismissed Huaxin Blue Ocean's claims, prompting an appeal to the Guangxi High Court [2]. Group 2: Asset Valuation - The platinum mesh is valued at approximately 66.04 million yuan based on the price of 250 yuan per gram as of May 21, 2021, and its current market value exceeds 85 million yuan based on the price of 324.09 yuan per gram as of June 30, 2023 [3]. - The asset in question is considered a significant part of the auctioned asset package, which includes machinery and equipment from Liu Hua Co., Ltd. [2]. Group 3: Company Overview - Liu Hua Co., Ltd. primarily engages in the production and sale of hydrogen peroxide, with recent fluctuations in performance attributed to increased domestic production capacity [4]. - In 2024, Liu Hua Co., Ltd. reported revenue of 165 million yuan and a net profit of 30.18 million yuan [4].