Core Insights - Fangda Group announced on November 21 that it has increased its bad debt provisions due to extended collection periods for receivables influenced by the broader economic environment [2] Group 1: Bad Debt Management - The company confirms bad debt provisions primarily based on the aging of receivables [2] - The company plans to enhance project contract tracking and receivables management by establishing a dedicated collection team [2] - A mechanism for contract performance management will be improved, implementing targeted strategies based on project characteristics to ensure effective collection [2] Group 2: Risk Control Measures - The company will establish a full-cycle risk assessment mechanism for projects, implementing tiered dynamic risk management [2] - In terms of order selection, the company will raise entry thresholds, focusing on projects with favorable progress payment conditions to control risks from the source [2] - These measures aim to ensure the company's stable development [2]
方大集团:公司对应收款项主要按账龄组合为基础确认坏账准备