Core Viewpoint - The company, Zhongmin Resources, is changing its accounting estimate for expected credit losses on accounts receivable due to a shift in its main business focus towards lithium battery raw materials and rare light metal resource development, effective November 1 [1] Summary by Relevant Sections Business Transformation - The company has transitioned its main business from service-oriented to product sales, which has altered its customer structure and payment characteristics, leading to a decrease in the applicability of the previous short-term accounts receivable credit loss rate [1] Accounting Changes - The previous credit loss provision rate of 5% for accounts receivable within one year has been refined to 0% for accounts receivable within 6 months, 5% for those between 6 months to 1 year, while the rates for accounts receivable over one year remain unchanged [1] Financial Impact - If the new rules are applied in 2024, the net profit is expected to increase by 37.53 million yuan, accounting for 4.98% of the annual net profit; for the first nine months of 2025, the net profit is projected to increase by 14.01 million yuan, representing 7.35% of the net profit for that period [1]