Shanxi Changcheng Microlight Equipment Co. Ltd. Updates on Addressing Disclaimer of Opinion and Reports RMB 9.7M Receivables Impairment

Reuters
23 May
Shanxi Changcheng Microlight Equipment Co. Ltd. Updates on Addressing Disclaimer of Opinion and Reports RMB 9.7M Receivables Impairment

Shanxi Changcheng Microlight Equipment Co. Ltd. recently issued a quarterly update regarding their implementation of action plans to address a disclaimer of opinion related to their 2024 Annual Report. The company disclosed that they have fully included an impairment amount of RMB 9,714,099 in the receivables impairment loss for fiscal year 2024. This decision follows the adoption of a credit loss rate matrix for impairment assessment, reflecting the credit risk situation under the company's aging structure. The Board urges shareholders and potential investors to exercise caution when dealing in the company's securities.

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