Shanghai Pudong Development Bank Nantong Branch has filed an appeal after losing the first-instance judgment, moving the case against Nanjing Sciyon Wisdom Energy Investment, a wholly-owned subsidiary of Sciyon Wisdom, for compensation of 295 million yuan to the second instance. In July 2026, the Xuanwu District People's Court of Nanjing ruled in the first instance that the existing evidence was insufficient to prove that the smart energy investment company was at fault, and dismissed all claims of Shanghai Pudong Development Bank Nantong Branch. The bank is requesting to overturn the first-instance judgment and amend it to support all its original claims, demanding that the smart energy investment company compensate 295 million yuan plus corresponding interest, and asserting that the first defendant in the original trial and the smart energy investment company committed joint infringement and should bear joint and several liability. Sciyon Wisdom and its wholly-owned subsidiary believe that the first-instance judgment correctly found the facts and applied the law, and will actively respond to the lawsuit. As the second instance has not yet opened, the outcome of the litigation is uncertain, and it is currently impossible to determine the impact on the company's profits.
Nanjing Sciyon Automation Group Co LtdThe company faces a second-instance appeal from the bank for 295 million yuan, outcome uncertain.
The subsidiary is the defendant in the appeal; first-instance win but appeal outcome uncertain.