SGSG(SZ:300561) Zheng Quan Zhi Xing·2025-08-27 14:16Overview - The company, Zhuhai Huijin Technology Co., Ltd., announced a change in accounting estimates related to accounts receivable and notes receivable to better reflect expected credit losses [2][4]. Accounting Estimate Change Overview - The change in accounting estimates will be implemented on June 1, 2025, and will not require retrospective adjustments to previously disclosed financial reports [2][4]. - The previous accounting estimate involved grouping receivables based on credit risk characteristics, specifically dividing notes receivable into high and low credit rating categories [2][3]. - The new accounting estimate will categorize notes receivable into bank acceptance bills and commercial acceptance bills, while accounts receivable will still be divided into receivables for goods sold and warranty deposits [3]. Impact of the Change - The change will not affect the previously disclosed financial statements, as it adopts a prospective application method [4]. - The new estimates are expected to provide a more objective and accurate reflection of the company's financial condition and operating results [4]. Board of Directors' Justification - The Board believes the change is reasonable and aligns with the relevant accounting standards, ensuring a fair representation of the company's financial status [5]. - The decision-making process for this change complies with legal regulations and the company's articles of association, with no detriment to the company or shareholders [5]. Audit Committee Opinion - The Audit Committee supports the change, stating it reflects the company's actual situation and complies with relevant regulations [5]. Supervisory Committee Opinion - The Supervisory Committee agrees with the change, confirming it aligns with accounting standards and does not harm the interests of the company or its shareholders [5].