1, Sinoma International issued a major litigation progress announcement, and the case of the company suing Guangxi Jinxiang Cement Co., Ltd. for construction contract disputes has been adjudicated in the first instance. The amount of money involved in the case was about 905 million yuan, and the court ordered Guangxi Jinxiang to pay Sinoma International more than 776 million yuan of project funds and corresponding interest, deferred payment interest of more than 47.23 million yuan. Sinoma International enjoyed the priority of compensation for the discount or auction price of the project involved in the case within the scope of arrears of project funds, and other litigation requests of the company were rejected.
Up to now, Sinoma International has made a cumulative provision for impairment of the receivables involved in the lawsuit of RMB46,000,900. As the case is still in the appeal period and the final result is uncertain, it is impossible to accurately judge the impact on the company's profits in 2026 and beyond. According to the data map
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Guangxi Jinxiang Cement, on November 1, 2025, Sinoma International announced that it had filed a lawsuit with Laibin Intermediate People's Court for a construction contract dispute with Guangxi Jinxiang Cement. In 2021, the two sides signed the EPC General Contract for 2 × 6000t/d Clinker Cement Production Line and 6 million tons of Aggregate Production Line of Guangxi Jinxiang Cement Co., Ltd. and confirmed the project settlement price of 1.9595 billion yuan in 2024. Sinoma International has performed the contract, but Guangxi Jinxiang still owes the principal and interest of the project payment. The company appeals to the other party to pay the principal and interest of the arrears totaling about 905 million yuan, and enjoys the priority of compensation for the project involved in the case, and the other party shall bear the litigation related costs. (Link: Recovery of 905 million yuan of project funds! Sinoma International Sues Guangxi Jinxiang Cement! ）
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