A wholly owned subsidiary of Guangzheng Eye Hospital Group, Guangzheng Construction Group, has taken Nantong No.4 Construction Group and the Eighth Affiliated Hospital of Xinjiang Medical University to court over unpaid construction fees, with the amount involved totaling approximately 26.27 million yuan. After Guangzheng Construction completed the work as a subcontractor, Nantong No.4 Construction failed to pay the outstanding fees. The lawsuit seeks an order for Nantong No.4 Construction to pay 23.55 million yuan in overdue construction fees and 2.71 million yuan in late payment interest, and also asks that the Eighth Affiliated Hospital of Xinjiang Medical University bear payment liability within the scope of the fees it owes to Nantong No.4 Construction. The case has been accepted but has not yet been heard, and the company says it cannot currently assess the specific financial impact. Notably, Guangzheng Eye Hospital reported a net loss attributable to the parent of 19.50 million yuan for 2025, meaning the amount at stake in this lawsuit already exceeds the full-year loss. Moreover, the company's net profit after deducting non-recurring items has been negative for 13 consecutive years from 2013 to 2025.
Guangzheng Group Co LtdLawsuit over unpaid construction fees exceeding full-year loss, with negative net profit for 13 years.
