Shanghai Yashei Subsidiary Faces ¥41M Lawsuit Over Voided Trade Contract上海雅仕子公司涉4098万元合同效力诉讼

Cause因果关系

Dispute Origin and Parallel Trade Contracts纠纷起因与平行���锈钢购销合同

Laiwu Gaoxin signed parallel purchase contracts with Hubei Yashei and Taijia New Material before claiming false declaration of intent.莱芜高新同时与湖北雅仕及泰嘉新材料签署同类采购合同，后主张交易属虚假意思表示。

• On Nov 13, 2024, Laiwu Gaoxin contracted Hubei Yashei to buy 7,800 tons of hot-rolled stainless steel strip for ¥50.40 million.2024年11月13日，莱芜高新与湖北雅仕签署7800吨不锈钢热轧钢带买卖合同，金额5040.36万元。
• Laiwu Gaoxin simultaneously signed a parallel steel procurement contract worth ¥50.44 million with Taijia New Material.莱芜高新同期与第三方泰嘉新材料签署同类产品采购合同，总金额5044.14万元。
• Plaintiff cited an effective prior court ruling to claim the contract was a void, false declaration of intent.原告依据另案生效裁定，主张与湖北雅仕签订的买卖合同为虚假意思表示应属无效。

Stakeholder impact利益相关方

Court Asset Preservation and Account Freeze司法财产保全与账户冻结明细

Court orders froze ¥41 million in assets across six bank accounts, though unaffected operational accounts continue functioning.法院裁定4100万元财产保全，冻结6个银行账户，未涉案账户维持日常运营。

• Jinan Laiwu District Court granted a one-year asset preservation order capping deposit freezes at ¥41 million.济南市莱芜区人民法院裁定实施为期一年的财产保全，冻结名下银行存款上限4100万元。
• Six bank accounts were frozen containing ¥8.15 million RMB and $26,700 USD.湖北雅仕共6个银行账户被冻结，实际冻结资金为人民币815.20万元及2.67万美元。
• Shanghai Yashei refutes all plaintiff claims and will contest the lawsuit to protect corporate interests.上海雅仕明确不予认可原告诉求，将依法积极应诉维护上市公司及股东合法权益。

Historical context历史脉络

Third-Party Bankruptcy Reorganization Context第三方泰山钢铁破产重整背景

Third-party entity Taishan Steel entered court-administered bankruptcy reorganization in July 2025 following debt default pressures.案件第三人泰山钢铁因行业低迷及债务压力，于2025年7月被法院裁定受理破产重整。

• Feb 20262026年2月 80 %80%

• On July 4, 2025, Jinan Laiwu District Court accepted bankruptcy reorganization for Taishan Steel and affiliated entities.2025年7月4日，济南市莱芜区法院裁定受理泰山钢铁等关联企业破产重整案。
• On Feb 11, 2026, the court approved Taishan Steel's reorganization plan, introducing Shiheng Steel as an 80% strategic investor.2026年2月11日，法院裁定批准重整计划，引入石横特钢收购钢铁平台80%股权。
• Taijia New Material is an affiliated company of Taishan Steel Group in local supply chain transaction networks.泰嘉新材料为泰山钢铁集团关联企业，同处于当地钢铁供应链交易网络。

Comparison对比

Financial Performance and Q1 2026 Rebound上市公司财务状况与2026一季度回暖

Shanghai Yashei net profit dropped 10.38% in 2025 but rebounded 312.37% year-on-year in Q1 2026.上海雅仕2025年归母净利润下滑10.38%，但2026年一季度归母净利润同比增长312.37%。

• 2025 revenue fell 3.55% YoY to ¥2.911 billion, while net profit dropped 10.38% to ¥38.06 million.2025全年实现营业收入29.11亿元，同比下滑3.55%；归母净利润3805.87万元，同比下滑10.38%。
• 2025 non-GAAP net profit plummeted 39.48% YoY to ¥19.65 million.2025全年扣非归母净利润为1964.50万元，同比大幅下滑39.48%。
• In Q1 2026, revenue rose 4.76% YoY to ¥839 million, while net profit surged 312.37% to ¥40.20 million.2026年一季度营业收入8.39亿元，同比增长4.76%；归母净利润4020.08万元，同比增长312.37%。

Historical context历史脉络

State-Owned Governance Ownership Structure国资控股背景与公司治理架构

Hubei International Trade Group acquired controlling interest in Shanghai Yashei in 2024 under Hubei SASAC supervision.湖北国贸于2024年初成为上海雅仕控股股东，实际控制人变更为湖北省国资委。

• Hubei International Trade Group completed share acquisition in early 2024 to become Shanghai Yashei's controlling shareholder.湖北国际贸易集团于2024年初完成股份过户，成为上海雅仕控股股东。
• The ultimate actual controller of Shanghai Yashei is the Hubei Provincial SASAC.上海雅仕的实际控制人为湖北省人民政府国有资产监督管理委员会。
• Hubei Yashei is a wholly-owned subsidiary executing supply chain logistics and trade services.湖北雅仕为上海雅仕旗下开展供应链物流及供应链执行贸易的全资子公司。