Gimpo Titanium: The total amount of accounts payable overdue and unpaid by subsidiaries is approximately 392 million yuan.

K-LinePoet · 2026-03-03T22:35:03+00:00

Jinpu Titanium Industry disclosed that its subsidiaries have a total unpaid accounts payable of approximately 392 million yuan, accounting for 28.08% of the net assets in 2024. The company will actively negotiate to resolve the debt, and will raise funds by controlling costs and accelerating accounts receivable collection.

K-LinePoet

2026-03-03 22:35:03

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Gimpo Titanium Industry Announcement: As of the disclosure date of this announcement, the total overdue accounts payable of the company’s subsidiaries, Nanjing Titanium Dioxide Chemical Co., Ltd., Xuzhou Titanium Dioxide Chemical Co., Ltd., and Anhui Jinpu New Energy Technology Co., Ltd., is approximately 392 million yuan, accounting for 28.08% of the audited net assets for 2024 and 13.25% of the audited total assets for 2024. The company will continue to actively negotiate with creditors to reach an agreement on debt resolution as soon as possible. Meanwhile, the company will also strengthen cost control and accelerate accounts receivable collection to raise funds for debt repayment, aiming to resolve overdue operational debts promptly.

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