---
title: "Shenzhen Xinyichang sues multiple defendants to recover nearly 38.56 million yuan in payments and fees"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/258506527.md"
description: "Shenzhen Xinyichang Technology Co., Ltd. has filed a lawsuit against Zhongshun Semiconductor Technology Co., Ltd. for failing to make payments as agreed, seeking to recover nearly 38.56 million yuan in outstanding payments and fees. The amount in the lawsuit includes 37.42 million yuan in principal debt and related costs. The case has been accepted for filing, but a court hearing has not yet been scheduled, and the outcome and execution of the judgment are uncertain, which may impact the company's profits and remind investors to pay attention to risks"
datetime: "2025-09-23T11:07:58.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/258506527.md)
  - [en](https://longbridge.com/en/news/258506527.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/258506527.md)
generator: "portal-rs"
---

# Shenzhen Xinyichang sues multiple defendants to recover nearly 38.56 million yuan in payments and fees

Shenzhen Xinyichang Technology Co., Ltd. issued a major litigation announcement. The company signed a "Sales Contract" with Zhongshun Semiconductor Technology Co., Ltd. and supplied goods, but the other party failed to make payment as agreed. The company has filed a lawsuit against Zhongshun Panzhihua, Liu Wenjun, Zhejiang Zhongshun, and Shenzhen Zhongshun at the People's Court of Renhe District, Panzhihua City, involving an amount including the unpaid principal of 37.42 million yuan, overdue payment penalties, attorney fees, and litigation property preservation guarantee fees, totaling 38,558,661 yuan. The case has been accepted but has not yet gone to trial, and the judgment result and execution status are uncertain, making it impossible to predict the impact on the company's profits. The company will disclose progress in a timely manner and remind investors to pay attention to risks

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**