What are the overvalued assets?

(1) Current assets refer to assets that can be realized or consumed within a business cycle of one year or more, generally including cash and bank deposits, short-term investments, receivables and prepayments, inventories, etc. (2) Long-term investment refers to the investment that is not intended to be realized within one year, including stock investment, bond investment and other investments.

(3) Fixed assets Fixed assets refer to assets with a service life of more than one year and a unit value exceeding the prescribed standard, and which maintain their original physical form during use, including buildings, machinery and equipment, transportation equipment, tools and appliances, etc.

(4) Intangible assets refer to assets that have been used by enterprises for a long time without physical form, including patents, non-patented technologies, trademarks, copyrights, land use rights and goodwill.

(5) Deferred assets refer to various expenses that cannot be fully included in the current profit and loss, but should be amortized in future years, including start-up expenses, expenditure on improvement of leased fixed assets, etc.