ST Baili Hit by Two More Lawsuits Totaling Over 290 Million Yuan

Regulation
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Summary · why it matters

ST Baili has recently received notices of response for two lawsuits, with the total amount involved reaching approximately 294 million yuan. Both cases have been filed and accepted but have not yet gone to trial. One is a construction contract dispute with Sichuan Haichuang Shangwei New Energy Technology, in which the plaintiff seeks to terminate the EPC general contracting agreement and claims around 244 million yuan. The other is a financial loan contract dispute with China Construction Bank Yueyang Branch, where the plaintiff demands repayment of 50 million yuan in loan principal and joint liability from related parties. The company was previously sued by SPD Bank over a financial loan contract dispute involving over 70 million yuan. ST Baili has posted losses for three consecutive years, with first-quarter 2026 revenue down 72.33 percent year-on-year and a debt-to-asset ratio of 99.15 percent. Its shares have been subject to other risk warnings since April 28.

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Hunan Baili Engineering Sci
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ST Baili faces two new lawsuits totaling 294 million yuan, adding to its financial strain and risk of delisting.

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四川海创尚纬新能源科技有限公司Private▼ Negative
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Sichuan Haichuang Shangwei New Energy Technology is suing ST Baili for 244 million yuan over a construction contract dispute.

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