The international arbitration debt restructuring between Dalian Heavy Industry's wholly-owned subsidiary Huarui International and Australia's DFA Company has been fully completed. On August 10, 2026, Huarui International received the final remaining payment of AUD 6,087,544.95 under DFA's restructuring plan, equivalent to approximately RMB 28.98 million. Preliminary estimates by the finance department indicate this will increase current total profit by approximately RMB 21.66 million. The company had previously made a full bad debt provision of approximately RMB 101 million for the remaining unrecovered amount. Upon receipt of this final payment, the provision will be fully written off, and the arbitration enforcement and debt restructuring distribution have been fully concluded.
Dalian Huarui Heavy Industry Group Co LtdReceives final AUD 6.09M payment, writes off bad debt provision, boosting profit by ~RMB 21.66M.
