Core Viewpoint - The lawsuit against Qicai Chemical has escalated, with the plaintiff, Xianiko Chemical, increasing its compensation claim to 400 million yuan, marking a significant rise from previous amounts [2][3]. Group 1: Lawsuit Details - Xianiko Chemical filed a lawsuit against Qicai Chemical for "infringement of trade secrets," initially claiming only 470,000 yuan in August 2024, which was later raised to 200 million yuan in February 2025 [2]. - The current lawsuit has seen the claim amount double to 400 million yuan, with the number of defendants increasing from four to five, now including Qicai Chemical's legal representative and actual controller [2]. - The lawsuit is based on allegations that two former Xianiko technicians shared eight core technical secrets with Qicai Chemical, which were used in the production of infringing products [3]. Group 2: Legal Claims and Requests - Xianiko has made five legal requests: to stop all infringement activities, destroy all materials related to the technical secrets, publish the judgment in a public forum, notify relevant parties to sign non-disclosure agreements, and to compensate 400 million yuan [3]. - The court has already issued a criminal judgment against the two former technicians for commercial secret infringement, confirming some of the infringement facts related to Qicai Chemical [3]. Group 3: Company Response and Financial Performance - Qicai Chemical stated that the case has not yet been heard, making it difficult to assess the impact on current and future profits, and emphasized that the lawsuit does not affect its normal business operations [4]. - For the first three quarters of 2025, Qicai Chemical reported revenues of 1.119 billion yuan, a year-on-year decrease of 3.04%, and a net profit attributable to shareholders of 73.39 million yuan, down 38.96% year-on-year [4].

Core Viewpoint - The company Qicai Chemical is facing a lawsuit from Xianico for allegedly misappropriating eight trade secrets, with a claim for compensation amounting to 400 million RMB [1][2]. Group 1: Legal Proceedings - On August 2, 2024, Qicai Chemical received legal documents from the Shanghai Intellectual Property Court regarding the lawsuit filed by Xianico for trade secret infringement [1]. - The lawsuit initially sought 4.7 million RMB in reasonable expenses but was later amended to 400 million RMB, increasing the number of defendants from four to five [2]. - The Shanghai Intellectual Property Court transferred the case to the Shanghai High People's Court due to the increased claim amount [1][2]. Group 2: Allegations and Claims - Xianico alleges that two former employees of Qicai Chemical, who had access to key technical secrets, conspired with the company to use these secrets unlawfully [2][3]. - The alleged trade secrets include formulations and processes for products such as Pigment Red 254 and Diisobutyl Adipate [2]. - The lawsuit requests that the defendants cease all actions infringing on Xianico's trade secrets and destroy any materials containing these secrets [4][5]. Group 3: Company Background - Qicai Chemical specializes in the research, production, and sales of high-performance organic pigments and dyes, including various series of organic pigments and dye intermediates [6].