The first column in the table is the aging of accounts receivable, from which we can find that as aging increases, the amount of accounts receivable is also constantly increasing, indicating that accounts receivable will increase over time. The quality is deteriorating, and even bad. debts will form over time. It is worth noting that accounts receivable over 3 years old accounted for 19.89%, that is, most of the accounts receivable from Golden King Group have no liquidity, and the amount that can be collected is limited, which is quite enough. Most funds are frozen