Maiquer Group Co., Ltd. has been ordered by a court to pay Guangzhou Minghui Machinery Co., Ltd. overdue goods of 5.9549 million yuan and penalty of 724,700 yuan due to a sales contract dispute. Four pieces of equipment under the company's name, including an R-brick aseptic filling machine and a T-brick aseptic filling machine, will be publicly auctioned on a judicial auction online platform starting at 10 a.m. on August 14, 2026, with a total appraised value of approximately 12.9773 million yuan. The company stated that the above equipment is temporarily idle and will not directly affect daily operations, but the auction still carries uncertainty. In addition, Minghui Machinery had previously applied for bankruptcy liquidation of Maiquer, which the court did not accept at the time, but Minghui Machinery will apply again. In terms of performance, Maiquer expects a net loss attributable to the parent company of 45 million to 50 million yuan in the first half of 2026, turning from profit to loss year-on-year, mainly due to factors such as the elimination of inefficient assets in the farming segment leading to a decline in milk production, a drop in dairy product revenue, and increased sales expenses at bakery stores.
Maiquer Group Co LtdCourt order to pay overdue goods and penalties, assets auctioned, and expected net loss in H1 2026.
Company is the plaintiff in the sales contract dispute, but the news focuses on the court order against Maiquer; impact on Minghui is indirect and not detailed.