Neoway Technology has won the first-instance trial in a contract dispute with China Electronics Digital Innovation Luzhou Technology Company. The court ordered the defendant to pay approximately 34.51 million yuan in outstanding payment and overdue payment liquidated damages. The dispute originated from a storage integration solution supply contract signed in August 2023 with a total value of approximately 42.61 million yuan. The defendant paid only 8.1 million yuan, leaving approximately 34.51 million yuan overdue. In the first quarter of 2026, Neoway Technology achieved revenue of 549 million yuan and net profit attributable to the parent company of 27.81 million yuan.
Shenzhen Neoway Technology Co LtdWon first-instance contract dispute, awarded ~34.51 million yuan in overdue payment and damages.
Ordered to pay ~34.51 million yuan in outstanding payment and liquidated damages.