Xinhua Department Store Loses in Second Instance of Housing Lease Dispute, Estimated Loss of Profit Approximately 36.94 Million Yuan

NightAirdropper · 2026-03-06T06:32:35+00:00

Yinchuan Xinhua Department Store lost the appeal in a housing lease contract dispute and was ordered to pay 109.3 million yuan in compensation. The company will apply for debt offset, with an expected profit reduction of approximately 36.94 million yuan in 2025, and plans to request a retrial from the Ningxia High Court. This dispute has lasted over ten years.

NightAirdropper

2026-03-06 06:32:35

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Guandian.com News: On March 5th, Yinchuan Xinhua Department Store Commercial Group Co., Ltd. announced that it lost the second instance of a housing lease dispute with Ningxia Dashi World Industrial Group and must compensate the other party 109.3 million yuan. The company will apply for debt offset according to law, which is expected to reduce the profit for 2025 by about 36.94 million yuan, and plans to request a retrial from the Ningxia High Court.

According to reports, the origin of this dispute dates back to 2011, involving a prolonged over ten-year lease contract tug-of-war.

Information shows that based on previous rulings, Ningxia Dashi World Industrial Group needs to pay Xinhua Department Store about 72.33 million yuan. After offsetting, the actual compensation amount and profit reduction for the company are both approximately 36.94 million yuan.

Disclaimer: The content and data of this article are organized by Guandian based on public information and do not constitute investment advice. Please verify before use.

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