000711SZSE

Announcement on Provision for Asset Impairment and Recognition of Fair Value Changes of Other Equity Investments for 2025

ST Jinglan Co., Ltd.··6p

✨ AI Summary

The company is conducting impairment testing and recognizing fair value changes for assets as of December 31, 2025, to ensure compliance and accurate financial reporting. Key figures include a provision of 8,105.83 million yuan for long-term equity investment and a change of -42.29 million yuan for other equity investments. While the long-term equity investment provision does not affect reported profit and loss, other provisions will impact the 2025 results.

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Announcement

1. Overview

In order to ensure the company's development results and comply with relevant regulations, the company will conduct impairment testing for assets as of December 31, 2025, and perform a comprehensive analysis. Based on the results, the company will make necessary provisions for asset impairment and fair value changes of other equity investments.

2. Provision for Asset Impairment and Fair Value Changes

  1. Impact on the company's reported profit and loss
Asset NameProvision Amount (10,000 yuan)
Receivables6,973.53
Inventory251.91
Total Assets1,837.86
Asset NameProvision Amount (10,000 yuan)
Long-term equity investment (investment in the company)8,105.83
Total8,105.83

Note: In summary, the long-term equity investment provision is 8,105.83 million yuan. The company will not affect the reported profit and loss of the company and its subsidiaries. Other provisions will affect the reported profit and loss of the company for the year 2025.

3. Basis for Provision for Asset Impairment and Fair Value Changes

  1. Financial Tools

The company can assess the amount of financial assets to determine the fair value and other comprehensive income of financial tools. The company considers the current situation and future economic conditions to evaluate the risks involved and ensure accurate assessments.

The company will also consider past events and current situations to evaluate the expected loss of financial tools.

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