Tianshan Material Co.,Ltd. (000877.SZ) announced that its subsidiary, following an internal review, is required to pay back taxes and late fees totaling approximately RMB 61.86 million. As of the announcement date, the subsidiary has completed the payment, and the matter does not involve any administrative penalties.
The back taxes and late fees will be recorded as current-period expenses in 2025, with an estimated impact of around RMB 61.86 million on the company's net profit for the year.
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