A first-instance win in the construction engineering contract dispute case involving Gansu Energy Chemical’s subsidiary; the court dismisses all of the plaintiff’s claims

Log in to Sina Finance App and search for [Information Disclosure] to see more evaluation levels

Gansu Nenghua Co., Ltd. (Stock code: 000552, Stock abbreviation: Gansu Nenghua) recently announced that its wholly owned subsidiary Gansu Jingmei Energy Co., Ltd. (hereinafter referred to as “Jingmei Company”) and Jingyuan Coal Industry Group Liuhua Chemical Co., Ltd. (hereinafter referred to as “Liuhua Chemical”) involved in a construction project construction contract dispute case have obtained a first-instance judgment. The court ruled to dismiss all claims made by the plaintiff China National Chemical Engineering Fourth Construction Co., Ltd. (hereinafter referred to as “ChemFourth Construction”).

It is reported that the lawsuit originated in December 2025, when ChemFourth Construction sued Jingmei Company and Liuhua Chemical in court over a construction project construction contract dispute. Gansu Nenghua had previously disclosed relevant information in an announcement titled “Announcement on Litigation Matters Involving Subsidiaries” (Announcement No.: 2025-93) issued on December 17, 2025.

Recently, Jingmei Company and Liuhua Chemical received the “Civil Judgment” delivered by the Baiyin District People’s Court of Baiyin City, Gansu Province [(2025)Gan0402Minchu6017]. The court, after review, found that ChemFourth Construction’s claims lacked sufficient basis and were unfounded, and therefore, legally unsupported. According to the relevant provisions of the Civil Code of the People’s Republic of China, the court dismissed all claims of ChemFourth Construction. The case acceptance fee and preservation fee are to be borne by ChemFourth Construction.

The announcement states that as of the date of this disclosure, the first-instance case has been concluded. Gansu Nenghua indicated that it is currently unable to determine the impact of this lawsuit on the company’s current or future profits. The company will closely monitor the case’s progress, actively take legal measures to protect the interests of the company and shareholders, and fulfill its information disclosure obligations in a timely manner according to the development of the case. Investors are advised to be aware of investment risks.

Click to view the original announcement>>

Disclaimer: The market carries risks; investment should be cautious. This article is automatically published by an AI large model based on third-party databases and does not represent Sina Finance’s views. Any information appearing in this article is for reference only and does not constitute personal investment advice. For discrepancies, please refer to the actual announcement. If you have questions, please contact biz@staff.sina.com.cn.

Massive information, precise interpretation, all on Sina Finance App

Editor: Xiao Lang Express