On October 12, Nandu Power Supply issued a major lawsuit announcement, the company and its subsidiary Yangzhou Nandu and other four subsidiaries, recently received a summons from the Yangzhou Intermediate Court, due to financial loan contract disputes, was sued by the Yangzhou Hanjiang Branch of CCB, involving a sum of 210 million yuan, the case has been filed. The first trial has not yet been held. In January
2025, CCB Yangzhou Hanjiang Branch and other syndicates signed a loan contract with Yangzhou Nandu to provide them with a medium and long-term loan quota of up to 400 million yuan for the construction of an annual production of 30 G Wh intelligent energy storage system project (Phase I 10 G Wh). The term of the loan is 8 years until 2032. At the same time, the two sides also signed the relevant loan contract mortgage contract. Finally, the syndicate actually lent 208 million yuan, but Yangzhou Nandu failed to repay the principal and interest as agreed in the contract.
In addition, the announcement disclosed that as of October 12, Nandu Power Supply had 37 lawsuits and arbitrations involving 76.96 million yuan. The semi-annual report
of Nandu Power Supply shows that in the first half of 2026, the company's revenue was 1.699 billion yuan and its net profit was 1.111 billion yuan.
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