000698SZSE

Announcement of Shenyang Chemical Co., Ltd. on Provision for Asset Impairment for 2025

ST Shenhua Co., Ltd.··3p

✨ AI Summary

Shenyang Chemical Co., Ltd. announced its provision for asset impairment for 2025, totaling 4,017.34 million yuan. This includes a credit impairment loss of 18.50 million yuan and an asset impairment loss of 4,035.84 million yuan, primarily from inventory and construction in progress. The provision is based on an evaluation as of December 31, 2025, and aims to improve financial reporting accuracy. The Board of Directors and Audit Committee have approved the provision, which will reduce the company's 2025 net profit.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· azure_openaiSign In to Upgrade

Shenyang Chemical Co., Ltd. (hereinafter referred to as "the Company") convened the 12th meeting of the 10th Board of Directors on March 26, 2026, and approved the proposal regarding the provision for asset impairment for 2025. According to the "Shenzhen Stock Exchange Listing Rules" and relevant regulations of the Company, the provision for asset impairment is required to be submitted to the board meeting for approval. The details are as follows:

1. Provision for Asset Impairment Preparation Situation

(1) Reasons for the Provision for Asset Impairment

Based on the enterprise accounting policy and the "Shenzhen Stock Exchange Listing Rules," the Company estimates that the financial situation as of December 31, 2025, will result in impairment losses. The Company will conduct a comprehensive evaluation of the relevant assets by January 31, 2026.

(2) Scope and Amount of the Provision for Asset Impairment

Based on the impairment testing results, the specific amounts for the provision for asset impairment in 2025 are detailed in the table below:

Asset ItemAmount of Provision (10,000 yuan)
Credit impairment loss-18.50
Among them: Loan loss-25.62
Other receivables7.12
Asset impairment loss4,035.84
Among them: Inventory1,949.75
Fixed assets220.84
Construction in progress1,830.43
Unused assets15.84
Long-term deferred expenses18.98
Total4,017.34

Sign in to read the full translation

Free accounts get 10 full releases per month. Pro subscribers get unlimited access.

Notes & Comments

Sign in to leave a comment or private note.

Loading…

Announcement of Shenyang Chemical Co., Ltd. on Provision for Asset Impairment for 2025 — ST Shenhua Co., Ltd. | SZSE Releases