Shangtai Technology announced that starting July 1, 2026, it will change its accounting estimates and adjust the provision ratios for bad debts on accounts receivable and other items. The provision ratio for receivables aged within one year will be reduced from 5 percent to 1 percent for those aged 0 to 90 days and 5 percent for those aged 91 to 365 days, while ratios for other aging brackets remain unchanged. This is expected to increase net profit and net assets for the first half of 2026 by approximately 85.2936 million yuan. The change adopts the prospective application method, does not affect prior financial data, and is intended to more fairly reflect the company's financial position.
Shijiazhuang Shangtai Technology Co. Ltd. AAccounting estimate change boosts first-half net profit by 85.2936 million yuan.
