Credit Loss Assessment - The expected credit loss for trade receivables for the fiscal year 2023 is approximately RMB 63,735,000[4]. - The expected credit loss primarily arises from six customers, contributing approximately RMB 62,319,000[5]. - The total trade receivables from these six credit loss customers amount to approximately RMB 69,768,000 as of December 31, 2023[5]. - The collective assessment of expected credit loss from twelve other customers is approximately RMB 2,231,000[7]. - The total trade receivables from these other customers amount to approximately RMB 13,421,000 as of December 31, 2023[7]. - The expected loss rate for collective assessment ranges from 5% to 22% for the fiscal year 2023[7]. Recovery Efforts - The company has recovered approximately RMB 3,000,000 from one credit-impaired customer and RMB 175,000 from other credit-impaired customers[6]. - The company has recovered approximately RMB 11,725,000 from other customers as of the announcement date[7]. - As of December 31, 2023, the company has recovered RMB 3,000,000 from overdue trade receivables, representing 3.2% of the total overdue amount[9]. - The company anticipates recovering an additional RMB 12,000,000 in overdue receivables during the fiscal year ending December 31, 2024[9]. Economic Impact - The increase in expected credit loss is attributed to economic slowdown and reduced demand for advertising services in China[5]. - The company is considering legal actions for debt recovery from credit-impaired customers[6].
天泓文创(08500) - 2024 - 年度业绩