On April 30, A-share listed company Hong Tao shares (002325) (002325) (002325) issued a forecast of its annual results. The company expects to increase losses from January to December 2023, and the net profit belonging to shareholders of the listed company is-14.Pcso6580.4 billion, net profit decreased by 97.71% compared with the same period last year, and basic earnings per share are expected to be-0.7995 yuan.

The company has received an award from the arbitration tribunal of Singapore International Arbitration Center on the arbitration case of Cambodia's Phnom Penh Golden Pagoda 42 project. Based on the principle of prudence, the company impaired the accounts receivable of Cambodia's Phnom Penh Golden Pagoda 42 project according to the "award".

2. According to the analysis of the situation of the company, the company has a large number of overdue debts and is unable to repay. At present, the creditors have applied to Shenzhen Intermediate people's Court to restructure the company on January 29, 2024 on the grounds that the company is unable to pay off the due debts and obviously lacks the ability to repay, but has the value of reorganization. At the same time, it applied to start the pre-reorganization procedure.

To sum up, there is uncertainty about the company's ability to continue to operate, and the company may not be able to obtain sufficient taxable income in the next few years. According to accounting policies and accounting standards, the company needs to reverse the full amount of deferred income tax assets recognized in the previous period.

The company belongs to the industry for architectural decoration.

The main business of Shenzhen Hongtao Group Co., Ltd. is to undertake the design and construction of public decoration projects such as hotels, theatres, office buildings, libraries, hospitals, stadiums and stadiums. The main products are decoration, design, vocational education, academic education and so on. The company has won a number of honors in quality management: "Shenzhen quality backbone Enterprise Identification Certificate", "Shenzhen Outstanding Enterprise Chief quality Officer", "Shenzhen quality Integrity demonstration Unit", "National quality reliable products", "National quality Leader in Decoration Materials Industry", "National quality leading Brand in Architectural Decoration Industry"Pcso658Won more than 700 national honors including Luban Award and China Architectural Engineering Decoration Award, and more than 600 provincial and municipal honors.