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There’s a section in Star Biz, Chinese state owned company are making late payments
Previously they made huge orders but they assume money outflow from China is controlled by state due to the tariff with US etc.. Nonetheless they have stop the order to China until payment is done and they re assured the company is not cincai company and already show full plan of payment and sfp boss ensured every penny will be paid.
This was the reason of the huge loss in Q4
This is my understanding from the Star article released around March 2025.
