Glonghui, December 20 | Some investors asked Guangxin Co., Ltd. (603599.SH) through an interactive platform: Your company had sufficient cash on its accounts in the second and third quarters, but increased short-term loans by nearly 800 million yuan in the two quarters. What is the reason? What is it for?
Guangxin Co., Ltd. (603599.SH) replied: Hello! The company discounted in advance some of the notes issued by the wholly-owned subsidiary Dongzhi Guangxin to settle the purchase price. This act was reported as a short-term loan. The company has no other loans yet.