北方联合出版传媒(集团)股份有限公司

Accounts Receivable - As of December 31, 2024, the balance of accounts receivable with special credit risk characteristics is 22.08 million yuan, with 93.78% coming from book sales [1] - The top three customers account for 93.77% of the receivables, totaling 20.70 million yuan, with significant amounts owed by Liaoning Northern Education Investment Holding Co., Ltd. and others [1] - The company has a history of consistent repayments from related parties, with no bad debt losses recorded historically, leading to no impairment provisions being made for the special credit risk characteristic portfolio [2][3] Other Receivables - The total balance of other receivables as of the end of 2024 is 137 million yuan, with 45.36% being over five years old [10] - Major other receivables include demolition compensation, housing reform funds, prepaid goods, and subsidies, with significant amounts owed by non-related parties [12][13][14][15][16] - The company has not made impairment provisions for certain long-term receivables due to the assessment of the creditworthiness and repayment ability of the debtors [21] Non-Current Assets - The company has a prepayment for real estate amounting to 48.92 million yuan, which has been reclassified from construction in progress to other non-current assets [22][30] - The property purchase was intended to expand operations, and the company has been actively pursuing the completion of the property despite delays [25][28] - The company has not recognized any impairment for the prepayment, as the property has been completed and there are no significant declines in market value [29][30] Cash and Cash Equivalents - The company reported cash and cash equivalents of 1.336 billion yuan, with bank deposits making up the majority [34][38] - Interest income for the reporting period was 27.99 million yuan, representing 2.10% of total cash [34][39] - The company has confirmed that there are no restrictions or limitations on cash beyond those disclosed, and all accounts are independently managed [43][46] Inventory - The ending inventory balance is 978 million yuan, with a significant portion being finished goods and a cumulative provision for inventory write-downs of 150 million yuan [47] - The inventory turnover rate is 2.38 times per year, and the company has implemented measures to reduce slow-moving inventory [47][51] - The company has assessed its inventory for impairment and has made provisions where necessary, ensuring compliance with accounting standards [51][54]