After the retrial of the CSSC Technology subsidiary’s 55 million yuan lawsuit was remanded, the company won its second-instance case; this has no impact on the company’s profits.

China Shipbuilding Technology Co., Ltd. (Securities code: 600072, Securities abbreviation: China Shipbuilding Technology) recently issued an announcement stating that, regarding a retrial appeal in a delegated contract dispute involving a principal amount of RMB 55 million and interest associated with its subsidiary, China Shipbuilding Wind Power Clean Energy Technology (Beijing) Co., Ltd. (hereinafter referred to as “China Shipbuilding Wind Power Beijing”), after the case was remitted for retrial and the court of second instance has concluded the review, the court has rendered a judgment to revoke the judgment of the court of first instance and dismiss the plaintiffs’ claims. This judgment outcome will not have an impact on the company’s profits.

According to the information disclosed in the announcement, the case originated in April 2023. Xianghuangqi China Haiziyuan New Energy Technology Development Co., Ltd. (hereinafter referred to as “Haiziyuan Company”), due to a delegated contract dispute, brought a lawsuit against China Shipbuilding Wind Power Beijing and its former wholly owned subsidiary, Xianghuangqi Shenshi Xin Yuan Wind Power Co., Ltd. (hereinafter referred to as “Shenshi Xin Yuan Company”), before the People’s Court of Xianghuangqi, Inner Mongolia Autonomous Region. Subsequently, the case went through multiple stages, including a ruling by the court of first instance, a ruling by the court of second instance, a review initiation for retrial, and a judgment by the court of first instance after the case was remitted for retrial. It is worth noting that the 100% equity interest of Shenshi Xin Yuan Company has already been sold and it is no longer a wholly owned subsidiary of China Shipbuilding Wind Power Beijing.

As China Shipbuilding Wind Power Beijing was dissatisfied with the judgment of the court of first instance after remand for retrial, it filed an appeal with the Intermediate People’s Court of Xilingol League, Inner Mongolia Autonomous Region. Recently, the company received the “Civil Judgment” (No. 1184 Civil Term 25, 2025) served by that court. The judgment results are as follows: revocation of the civil judgment of the People’s Court of Xianghuangqi, Inner Mongolia Autonomous Region (No. 1 Civil Term 2528, 2025); and dismissal of the litigation claims of the appellee, Haiziyuan Company. This judgment is final.

The announcement clearly states that this judgment outcome will not have an impact on China Shipbuilding Technology’s profits. The company reminds广大 investors to be aware of investment risks.

Click to view the full text of the announcement >>

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