Hengyu Xintong's increase in accounts receivable raises questions, latest response

On the morning of April 2, the stock price of Hengyu Xintong fell. In terms of news, Hengyu Xintong released its 2025 annual report on the evening of April 1, and the market had doubts about the continuous increase in the proportion of accounts receivable to operating income. In response, a staff member from the securities department of Hengyu Xintong told reporters that the 2025 annual report may have some unexpected situations in some aspects, but the stock price is influenced by multiple factors. Regarding the increase in accounts receivable, the staff member from the securities department of Hengyu Xintong stated that there is indeed a risk, as some accounts receivable may not be collected, and the company has also made provisions for bad debts. The increase in the proportion of accounts receivable is mainly related to the periodic settlement of customers with the company. Customers have a certain payment cycle in their settlement with the company, and the company is just one part of the customer settlement process.