ST Huaxi has lost its second trial in a financial leasing contract dispute, which is expected to reduce the company's current period profit by 26.656 million yuan. The Intermediate People's Court of Yingtan City, Jiangxi Province, rejected the company's appeal and upheld the first-instance judgment. The company must pay a repurchase price of 31.3601 million yuan to Guixi Industrial Control Jincheng Financial Leasing Company, and bear the second-instance case acceptance fee of 198,600 yuan. The company has been loss-making for six consecutive years, with net assets at the end of 2025 standing at negative 58.0651 million yuan. Its stock has been placed under delisting risk warning. If net assets remain negative at the end of 2026, mandatory delisting will be triggered. In the first half of 2026, the company expects operating revenue of only 400 million yuan, a year-on-year decline of over 60 percent, with a net loss attributable to the parent company of 40 million yuan.
China Western Power Industrial Co LtdLost second trial in financial leasing dispute, must pay 31.36 million yuan, reducing profit by 26.656 million yuan.