On December 22, Changjiang Publishing & Media Co.Ltd(600757) (600757. SH) announced that the overdue amounts of accounts receivable of Shanghai Xunye International Trade Co., Ltd. (hereinafter referred to as Shanghai Xunye international trade) and Jiangsu yuhongli Trade Co., Ltd. (hereinafter referred to as Jiangsu yuhongli) were RMB 100 million and RMB 265 million respectively, which had been overdue for more than half a year.
The daily economic news reporter found that the sales revenue of Changjiang Publishing & Media Co.Ltd(600757) to Jiangsu yuhongli in the first half of 2016 exceeded 1.7 billion yuan, while Jiangsu yuhongli was established in March of that year, that is, less than three months after its establishment, the sales to Jiangsu yuhongli after listing exceeded 1.7 billion yuan.
(Daily Economic News)
