Shen Tian Ma stated in the announcement that the Company provided about 176 million (unaudited) bad debt provisions for individually significant amounts and performing impairment tests separately, mainly because individual customers failed to fulfill payment obligations in accordance with the payment date agreed with the Company. In time, the Bank actively adopted countermeasures such as asset preservation through legal compliance measures.
The individual customer industry that is Jinli .Lin Li, chairman of the board, said in an interview with the media, Shen Tianma has been applied for gold to take asset preservation measures to apply for the preservation of assets of about 175000000 yuan.Contrast, deep Pegasus single 186000000 Yuan bad debt mainly due to the crisis of gold capital chain.
It is reported that Shen Tian Ma is one of the important suppliers of mobile phone displays. At the end of 2017, Jin Li launched eight full screen mobile phones covering the full range of high, medium and low-end products. Jinli publicly stated that its products mainly come from Samsung and Shen Tian Ma.
According to Announcement on the Provision for Impairment of Assets by Shenzhen Tianma A, as of January 1, 2017, the book balance of accounts receivable of the Company was about 2 billion yuan (audited) and the amount of bad debt provision was 420.568 million yuan Audit.) As of December 31, 2017, the Company's book balance of accounts receivable was RMB 3.558 billion (unaudited), with a provision for bad debts of RMB 228 million (unaudited).
Shen Tian Ma also said that this provision for impairment of assets is the amount of the company's financial sector preliminary estimates of the results, the final amount withdrawn and the impact on the company's profit and loss will be the results of the annual audit confirmed, still need to be submitted to the Board of Directors for consideration , Will not have a significant impact on the normal production and operation of the company.