Huitian Thermal Power: The equity-held subsidiary Zhijieneng Dewei's application for compulsory liquidation has been accepted by the court.
Huixian Thermal Power announced that its affiliated company, Energy-saving Dewey, recently received court documents stating that the court has accepted Energy Technology's application for compulsory liquidation against it. Since its establishment in 2017, Energy-saving Dewey has faced continuous operational difficulties. As of December 31, 2025, its assets were 653,000 yuan, liabilities were 908,300 yuan, net assets were -255,300 yuan, revenue in 2025 was 0 yuan, and net loss was 23,400 yuan. The company has recognized a fair value loss of 2 million yuan on its equity investment, which has no significant impact on the company. In addition, as of May 13, 2026, the company has had 6 new minor lawsuits filed against it, involving a total amount of 1.2968 million yuan.
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