Huali Technology announced that the company's major customers and players have been decided by the court to accept the bankruptcy and liquidation application, and the first creditor meeting will be held on September 14, 2026. As of March 31, 2026, the company's accounts receivable were originally worth 643.412 million yuan. It has already accrued bad debt losses of 155.12,500 yuan. It plans to fully accrue the remaining bad debt provisions in the 2nd quarter. The related losses are still being calculated. The matter is expected to have a negative impact on performance, and the final impact is based on the liquidation results.

Huali Technology announced that the company's major customers and players have been decided by the court to accept the bankruptcy and liquidation application, and the first creditor meeting will be held on September 14, 2026. As of March 31, 2026, the company's accounts receivable were originally worth 643.412 million yuan. It has already accrued bad debt losses of 155.12,500 yuan. It plans to fully accrue the remaining bad debt provisions in the 2nd quarter. The related losses are still being calculated. The matter is expected to have a negative impact on performance, and the final impact is based on the liquidation results.