Shenzhen Changfang Group Co., Ltd., stock abbreviation ST Changfang, announced on September 4, 2026 that due to tight liquidity, it recently added overdue debts totaling 44 million yuan involving two creditors: 24 million yuan to Jiangxi Xinzhuo Technology Co., Ltd. and 20 million yuan to Jiangxi Chenghong Technology Co., Ltd., both due on September 3, 2026. As of the announcement date, the company's cumulative overdue debt reached 387 million yuan, accounting for 422.72% of its audited net assets for 2025. The company said the overdue debts may incur penalty interest and other charges, and if not properly resolved, it may face litigation, arbitration and other risks, and reminded investors to pay attention to related risks.
Shenzhen Changfang Light EmittingST Changfang added 44 million yuan in overdue debt, bringing cumulative overdue debt to 387 million yuan, 422.72% of its 2025 audited net assets, raising litigation and penalty-interest risks.
