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Taiji Industry Unit Sues China Power Construction Guizhou Arm for 64.32M Yuan

Taiji Industry said its subsidiary Eleven Technology has filed a construction contract lawsuit against China Power Construction Group Guizhou Engineering Co. with Youyu County People’s Court, which has accepted the case for 64.32 million yuan. No hearing has been held. The company disclosed that over the past 12 months, cumulative undisclosed litigation and arbitration involving it and its controlled subsidiaries totaled 911 million yuan, equal to 10.55% of its latest audited net assets.

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AI take

The headline number matters less than the disclosure beneath it: a single 64.32 million yuan claim sits inside a disclosed 12-month pool of 911 million yuan in previously undisclosed litigation, equal to 10.55% of latest audited net assets. That ratio is the real signal, since it frames how much balance-sheet risk was not visible until now. For counterparties and credit watchers, the open question is whether this is a one-off contract dispute or part of a broader pattern of disputes concentrated in one subsidiary and one regional counterparty.

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