Research Express | Luoyang Kechuang New Materials' Earnings Conference Responds to Investor Concerns, Accounts Receivable of 109 Million Yuan Draw Attention, Number of Shareholders: 5,930

March 25, Luoyang Kechuang Innovative Materials Co., Ltd. (hereinafter referred to as the “Company”) held its 2025 annual report performance briefing on the East Money Roadshow platform through the East Money Roadshow platform. The Company responded to questions investors raised, including those related to accounts receivable and the number of shareholders. The performance briefing attracted many investors to participate, and the Company’s management along with the sponsor representatives held online exchanges with investors.

Basic information on investor relations activities

Key investor focus and the Company’s response

Accounts receivable of 109.0 million yuan raises questions; the Company explains causes and response measures in detail

During the meeting, an investor raised concerns about why the Company’s accounts receivable carrying value of RMB 109.0924 million (approximately RMB 109 million) is relatively high. The Company replied that, with the expansion of its operating scale, the total amount of receivables has increased and management complexity has also risen accordingly. The Company has formulated a prudent bad debt provision policy in accordance with accounting standards, and has established contract management and sales receivables collection management systems.

The Company also pointed out that if the market continues to decline and causes customers’ financial conditions to change, it may affect the normal collection of receivables, thereby having an adverse impact on operating performance and liquidity. In response, the Company will reasonably control the credit period for different customers based on their respective credit policies, strengthen the collection of accounts receivable during the credit period, and improve receivables collection efficiency by further完善ing its internal control system.

As of the end of 2025, the number of shareholders was 5,930

In response to investors’ questions about the number of shareholders, the Company disclosed that as of December 31, 2025, the number of ordinary shareholders of the Company was 5,930.

Holding this performance briefing will help investors gain a more comprehensive understanding of the Company’s operating situation and future development plans. The Company stated that it will continue to pay attention to investors’ concerns and strengthen communication with the market through multiple channels.

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