Beijing SinoHytec Co. Ltd. ASubsidiary sues for unpaid goods, indicating potential financial loss and credit risk.

Yihuatong's wholly-owned subsidiary Tangshan Qianchen New Energy Development has sued Foshan Feichi Automobile Technology over a sales contract dispute, demanding payment of 162 million yuan for goods plus 100,000 yuan in liquidated damages. Starting from September 28, 2022, Qianchen New Energy signed three purchase and sale contracts to sell fuel cell powertrains to Feichi Auto, and has fully performed its contractual obligations, but Feichi Auto still owes 162 million yuan, constituting a breach of contract. In the first quarter of 2026, Yihuatong achieved revenue of 16.67 million yuan, with a net loss attributable to the parent company of 51.04 million yuan.
Beijing SinoHytec Co. Ltd. ASubsidiary sues for unpaid goods, indicating potential financial loss and credit risk.
Sued for 162 million yuan in unpaid goods, facing legal and financial liability.
As the plaintiff subsidiary, it seeks to recover 162 million yuan in unpaid goods plus damages.