Core Viewpoint - The company, Shanghai Chuangxing Resources Development Co., Ltd., is facing significant financial challenges, including continuous losses and a risk of delisting due to negative net profits and insufficient revenue [7][8]. Financial Data - The company reported a net loss of 193,384,912.44 yuan for the year 2024, marking an increase in losses over the previous years [8]. - The company has experienced negative cash flow from operating activities for five consecutive years, with cash and cash equivalents amounting to only 3,540,940.37 yuan as of December 31, 2024 [8]. - The company’s current liabilities exceed current assets by 88,725,715.54 yuan, indicating liquidity issues [8]. Shareholder Information - The company disclosed a change in its controlling shareholder and actual controller, with specific restrictions on share transfers for certain shareholders for 18 months [6]. Impairment Losses - In the third quarter of 2025, the company reversed bad debt provisions amounting to 6,020,299.27 yuan, primarily due to the collection of previously impaired receivables [12][14]. - The company conducted impairment testing on its assets and recognized necessary provisions in accordance with accounting standards [12]. Going Concern Issues - The company’s auditor raised concerns regarding its ability to continue as a going concern due to ongoing financial difficulties and the potential for further losses [8].
上海创兴资源开发股份有限公司2025年第三季度报告