Golden Bridge InfoTech Writes Off 1.1 Million Yuan in Bad Debts

MT Newswires Live

04/21

Shanghai Golden Bridge InfoTech (SHA:603918) wrote off around 1.1 million yuan in bad debts, according to a Shanghai Stock Exchange disclosure on Saturday.

The debts included prepaid accounts of the company and JinQiao Information Technology, and accounts receivable.

The Chinese multimedia application services provider said the write-off will not affect its 2024 net profit.

The company's shares closed 10% higher.

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