Values Cultural Investment Ltd. Publishes Audited Financial Results for Year Ended 31 December 2024
Values Cultural Investment Ltd. has published its audited financial results for the year ended 31 December 2024. The supplemental announcement, dated 28 March 2025, provides additional details without changing the previously disclosed financial data. As of 31 July 2025, the company recovered approximately RMB2,428,800 from overdue trade receivables, with significant credit risk linked to Companies A, B, C, and D. Company C, a subsidiary of a TV station, faces management changes and a 100% impairment provision. This information is intended for shareholders and potential investors.
Values Cultural Investment Ltd., incorporated in the Cayman Islands, has released a supplemental announcement concerning its audited financial results for the year ended 31 December 2024. The announcement, which references the annual report dated 28 March 2025, provides additional details without altering the financial data initially disclosed. As of 31 July 2025, the company successfully recovered approximately RMB2,428,800 from previously overdue trade receivables for the fiscal year 2024. The breakdown of trade receivables highlighted credit-impaired and individually-assessed balances, with a significant portion linked to Companies A, B, C, and D. Notably, Company C, a subsidiary of a TV station, has been undergoing management changes, leading to increased credit risk and a continued 100% impairment provision. The supplemental information serves to inform shareholders and potential investors without impacting the financial statements and other data from the original 2024 Annual Report. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Values Cultural Investment Ltd. published the original content used to generate this news brief on August 27, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
