Shenzhen Changfang Group Co., Ltd. announced that due to tight liquidity, it recently added two overdue debts totaling 35 million yuan. Among them, a 15 million yuan debt to Jiangxi Xinzhuo Technology Co., Ltd. matured on July 12, 2026, and a 20 million yuan debt to Jiangxi Hongzhen Technology Co., Ltd. matured on July 15, 2026. As of the announcement date, the company's total overdue debt amounted to 321.5 million yuan, accounting for 351.63% of its audited net assets for 2025. The company stated it may bear costs such as liquidated damages and penalty interest. If not properly resolved, it may face risks including litigation and arbitration. It is communicating with creditors to seek extensions, while intensifying efforts to collect accounts receivable and resolving the debt crisis through out-of-court restructuring.
Shenzhen Changfang Light EmittingCompany reports new overdue debts totaling 35 million yuan, total overdue reaches 322 million yuan, 351.63% of net assets, indicating severe liquidity crisis.