【Top Union】Subsidiary Longyang Electronics (Kunshan) Announces Change in Accounting Policy
Longyang Electronics (Kunshan), a subsidiary of Top Union, has updated its accounting policy to comply with the latest Chinese regulations, effective Jan 1, 2026.
📋 Article Processing Timeline
- 📰 Published: April 23, 2026 at 09:00
- 🔍 Collected: April 28, 2026 at 08:00 (119h 0m after Published)
- 🤖 AI Analyzed: April 28, 2026 at 12:38 (4h 38m after Collected)
1. Date of occurrence: 2026/04/23
2. Company name: Longyang Electronics (Kunshan) Co., Ltd.
3. Relationship: Subsidiary (69.25% indirectly owned by Top Union)
4. Details of Change:
(1) Reason for change: Revised in accordance with 'Interpretation of Accounting Standards for Business Enterprises No. 19' (Cai Kuai [2025] No. 32) issued by the Ministry of Finance of China.
(2) Effective date: From 2026/01/01
(3) Impact on the company: This change does not involve retrospective adjustment of previous years. It has no material impact on the company's financial position, operating results, or cash flows.
2. Company name: Longyang Electronics (Kunshan) Co., Ltd.
3. Relationship: Subsidiary (69.25% indirectly owned by Top Union)
4. Details of Change:
(1) Reason for change: Revised in accordance with 'Interpretation of Accounting Standards for Business Enterprises No. 19' (Cai Kuai [2025] No. 32) issued by the Ministry of Finance of China.
(2) Effective date: From 2026/01/01
(3) Impact on the company: This change does not involve retrospective adjustment of previous years. It has no material impact on the company's financial position, operating results, or cash flows.