Yongda Co., Ltd. announced that some of the equipment assets of Tianjin Huajian, a Jiangsu Jinyuan customer of the company's holding subsidiary, will enter the legal auction process on September 29, 2026. The company plans to fully accrue bad debt provisions for accounts receivable related to Tianjin Huajian at a loss rate of 100%. As of the disclosure date of the announcement, the book balance of accounts receivable was RMB 35.24,300. Expected credit loss of RMB 17.3511 million and book value of RMB 176.732 million had been calculated. This time, a supplement of RMB 176.732 million was required, which is expected to affect net profit of RMB 7.6613 million to the mother in 2026. The relevant bill has been reviewed and passed by the board of directors.
Zhitongcaijing · 2d ago
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Yongda Co., Ltd. announced that some of the equipment assets of Tianjin Huajian, a Jiangsu Jinyuan customer of the company's holding subsidiary, will enter the legal auction process on September 29, 2026. The company plans to fully accrue bad debt provisions for accounts receivable related to Tianjin Huajian at a loss rate of 100%. As of the disclosure date of the announcement, the book balance of accounts receivable was RMB 35.24,300. Expected credit loss of RMB 17.3511 million and book value of RMB 176.732 million had been calculated. This time, a supplement of RMB 176.732 million was required, which is expected to affect net profit of RMB 7.6613 million to the mother in 2026. The relevant bill has been reviewed and passed by the board of directors.
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