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Kinlong

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2021

    Kinlong Hardware's receivables surge on property client woes; shares plunge 45%

    Hit by funding strains at real estate clients, Kinlong Hardware's notes receivable rose 190% year on year in the first half of 2021, and accounts receivable reached 3.048 billion yuan; its share price plunged about 45% from a high; at the end of 2022 it made a full bad-debt provision for receivables from Evergrande. Progress: media report. Entity: Guangdong Kinlong Hardware Products Co., Ltd. Scope: receivables from property clients.

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