Bashan Media subsidiary sues Baima Advertising to recover 181 million yuan in arrears

Regulation
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Summary · why it matters

Beijing Public Transport Advertising, a wholly owned subsidiary of Bashan Media, has sued Hainan Baima Advertising Media Investment Company Limited over a lease contract dispute, seeking to recover accumulated unpaid lease operating fees and liquidated damages totaling approximately 181 million yuan. The announcement shows that as of July 20, 2026, Baima Advertising had accumulated unpaid lease operating fees of 152 million yuan in principal, with liquidated damages estimated at 28.99 million yuan based on the contractually agreed daily rate of 0.02 percent. The two parties have maintained a cooperative relationship in bus shelter media resources since 1998, under which Beijing Public Transport Advertising authorized Baima Advertising to exclusively operate the bus shelter advertising light boxes it owns. The plaintiff has repeatedly urged payment through telephone communications, written notices, senior management meetings, and lawyer's letters, but the defendant has never settled the debt as agreed. The case has now been accepted by the Beijing Second Intermediate People's Court and has not yet been heard. Bashan Media reported a net loss attributable to the parent company of 10.4 million yuan in 2025, its first annual loss since 2006, and continued to lose 9.36 million yuan in the first quarter of 2026. The company expects a net loss attributable to the parent company of between 24 million and 28.8 million yuan in the first half of 2026.

Impact on stocks 1

Others▼ · 1 stocks
Beijing Bashi Media Co Ltd
600386
▼ NegativeRegulationrelevance

Bashan Media's subsidiary sues Baima Advertising for 181 million yuan in unpaid lease fees, indicating financial distress and potential asset recovery issues.

Off-coverage companies 1

北京公交广告有限责任公司Private▼ Negative
Regulationrelevance

Beijing Public Transport Advertising is the plaintiff in the lawsuit, seeking to recover unpaid fees, but the impact is indirect as it is a subsidiary.

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