ST Changfang Debt Overdue 15 Million Yuan, Accounting for 48.66% of Net Assets

MaticHoleFiller · 2026-03-17T12:21:56+00:00

Shenzhen Changfang Group released an announcement stating that due to cash flow pressure during the Spring Festival period, the company's 15 million yuan loan has become overdue, facing risks such as default penalties and litigation. The company is communicating with creditors to seek adjustment to the repayment schedule and is intensifying collection efforts to improve its operational condition. Investors should pay attention to further developments.

MaticHoleFiller

2026-03-17 12:21:56

Abstract generation in progress

Shenzhen Changfang Group Co., Ltd. (Stock code: 300301, Stock abbreviation: ST Changfang (Rights Protection)) announced on March 12, 2026, that due to liquidity pressure during the Spring Festival period, some of the company’s loans were not repaid on time. As of the disclosure date, the total overdue debt amounted to 15 million yuan, accounting for 48.66% of the company’s audited net assets in 2024.

The announcement shows that the overdue debt involves two loans, with details as follows:

Creditor	Borrower	Overdue Date	Overdue Amount (10,000 yuan)
Shenzhen Yikuang Trading Co., Ltd.	Changfang Group	January 21, 2026	500
Shenzhen Kaihui Trading Co., Ltd.	Changfang Group	March 10, 2026	1,000
Total			15,000

Note: The above overdue amounts do not include unpaid interest, late fees, or penalty interest. Among them, the 5 million yuan overdue amount from Shenzhen Yikuang Trading Co., Ltd. was not disclosed in a timely manner due to not meeting disclosure standards at the time.

Regarding the potential impact of this debt overdue, ST Changfang stated that the company may need to bear relevant costs such as breach penalties and interest. If the overdue issue is not properly resolved, the company will face risks of litigation and arbitration.

To address the current debt issues, the company is maintaining close communication with relevant creditors and is striving to gradually resolve overdue debts through extensions, repayment plan adjustments, and other measures. Meanwhile, the company will increase efforts to collect accounts receivable, accelerate fund inflow, and focus on improving operational conditions. The announcement emphasizes that the company’s production and operations are normal at present, and it will continue to monitor the progress of overdue loans and fulfill its disclosure obligations in a timely manner.

Investors should closely follow the company’s subsequent debt resolution progress and related risk warnings.

Click to view the original announcement >>

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