Zhejiang Jingxing Paper announced that, following a self-inspection of tax matters required by the tax authorities, the company needs to pay back value-added tax of 11,280,310.96 yuan and late fees of 4,901,321.42 yuan, totaling 16,181,632.38 yuan. As of the disclosure date, the above taxes and late fees have been fully paid, and no administrative penalty is involved. The company said the back payment does not constitute a prior accounting error and does not involve retrospective adjustment of prior financial data. It will be recorded in current profit or loss for 2026, with the specific impact subject to the audit results of the accounting firm. This back payment will not affect the company's normal operations.
Zhejiang Jingxing Paper Joint Stock Co LtdCompany must pay back taxes and late fees totaling 16.18 million yuan, a regulatory compliance cost.
