On July 27, Rixin Technologies announced that it had recently been informed by its internal assets that the company had been sued in court for contract disputes , resulting in the seizure of the company's assets.
The announcement shows that the assets seized by Rixin Science and Technology are 10 real estate . Rixin Technologies said that the seizure of the above assets may have a negative impact on the company's production and operation, and the company is making every effort to solve the above problems as soon as possible.
On the same day, Rixin Science and Technology also announced that the company was included in the discredited executor, specifically because it had the ability to perform and refused to fulfill the obligations stipulated in the effective legal documents, and the execution court was the People's Court of Shayang County, Jingmen City, Hubei Province. The basis for execution is the Intermediate People's Court of Jingmen City, Hubei Province (hereinafter referred to as the "Jingmen Intermediate Court").
The above is caused by the contract dispute between Rixin Technology and Anhui Zhongneng Electric Power Engineering (hereinafter referred to as "Anhui Zhongneng"). The Jingmen Intermediate People's Court made a final judgment on the dispute between Rixin Technology and Anhui Zhongneng, and Rixin Technology shall pay Anhui Zhongneng 282,559.59 yuan of project funds and interest within 10 days from the effective date of the judgment. From June 30, 2023, the annual interest rate is 3.55% until the date of payment.
If the obligation to pay money is not fulfilled within the period specified in this judgment, the interest on the debt during the period of delay in performance shall be doubled in accordance with the relevant laws and regulations . According to
the company's official website, Rixin Technologies was founded in 2001 and is a "BIPV +" affordable smart energy solution service provider. The company has formed a photovoltaic product intelligent manufacturing as the basis, photovoltaic system intelligent integration as the core, Three industrial value chains supported by intelligent operation and maintenance of photovoltaic system and comprehensive utilization of new energy.
In 2025, the company will realize a revenue of 86.9057 million yuan, a year-on-year decline of 81.84%; a net profit loss of about 42.4514 million yuan, a year-on-year increase of 44.23%; a gross profit rate of -13.94%; and an asset-liability ratio of 68.12%.
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