000987SZSE

Announcement on Changes in Accounting Estimates

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Guangzhou Yuexiu Capital Holdings Group Co., Ltd. announced a change in accounting estimates, adjusting the depreciation period of photovoltaic power plant assets from 25 years to 20 years, effective January 1, 2026. This change, approved by the board of directors, will increase fixed asset depreciation by approximately 218 million yuan in 2026, reducing total profit and net profit attributable to shareholders by 218 million yuan and 114 million yuan, respectively. The change will not impact prior financial results or total operating revenue in 2026.

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Securities Code: 000987 Securities Abbreviation: Yuexiu Capital Announcement No.: 2026-021
Guangzhou Yuexiu Capital Holdings Group Co., Ltd.
Announcement on Changes in Accounting Estimates
The company and all members of the board of directors guarantee that the content of the information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Important Content Reminder:

  1. According to the relevant provisions of "Enterprise Accounting Standard No. 28 - Accounting Policies, Changes in Accounting Estimates, and Corrections of Errors," this change in accounting estimates adopts the prospective application method and has been approved by the 38th meeting of the 10th board of directors. This change in accounting estimates does not require retrospective adjustments to the financial statements of previous years, and therefore will not affect the company's financial position and operating results in prior years.

  2. According to calculations, after this change in accounting estimates, it is expected that the company's fixed asset depreciation in 2026 will increase by approximately 218 million yuan, total profit will decrease by 218 million yuan, and the net profit attributable to shareholders of the listed company will decrease by approximately 114 million yuan. The net assets and net assets attributable to shareholders of the listed company at the end of 2026 will decrease by approximately 164 million yuan and 114 million yuan, respectively. This change will have no impact on the company's total operating revenue in 2026. The actual impact will be subject to the periodic report disclosed by the company at that time.

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