001211SZSE

Announcement on Asset Impairment Provisions for 2025 and Q1 2026

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Shuangqiang Technology Co., Ltd. announced provisions for asset impairment totaling 16.514 million yuan for 2025, representing 674.39% of the audited net profit for that year. Additionally, a provision of 3.3316 million yuan is expected for Q1 2026, accounting for 136.06% of the previous year's net profit. These provisions aim to accurately reflect the company's financial condition and comply with relevant accounting standards. The total profit for 2025 and Q1 2026 will decrease by these amounts.

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Securities Code: 001211 Securities Abbreviation: Shuangqiang Technology Announcement No.: 2026-019
Shuangqiang Technology Co., Ltd.
Announcement on the Provision for Asset Impairment for the Year 2025 and the First Quarter of 2026
The company and all members of the board of directors guarantee that the content of the information disclosure is true, accurate, and complete, without any false records, misleading statements, or significant omissions.

I. Overview of the Provision for Asset Impairment

  1. Reasons for the Provision for Asset Impairment Shuangqiang Technology Co., Ltd. (hereinafter referred to as “ the Company ” or “ Shuangqiang Technology ” ) based on 《 Enterprise Accounting Standards 》 《 Shenzhen Stock Exchange Listing Rules 《Shenzhen Stock Exchange Listed Company Self-Regulatory Guidelines No. 1 —— Business Handling ( Revised in 2026 ) and other relevant regulations, in order to truly and accurately reflect the company's financial condition, asset Item Amount (10,000 yuan) 35.38 674.58 Long-term receivables bad debt loss 9.23 6.88 Inventory write-down loss 925.32 377.88% Total 1,651.40 674.39% Note: If there is a discrepancy between the total and the sum of individual values, it is due to rounding. (2) Provision for Impairment for the First Quarter of 2026

After preliminary estimates by the company and its subsidiaries on assets that may show signs of impairment as of March 31, 2026, the provision for impairment losses for various assets in the first quarter of 2026 amounted to 3.3316 million yuan. The reporting period is from January 1, 2026, to March 31, 2026, with the specific details as follows:
The provision for impairment in the first quarter of 2026 accounted for 136.06% of the audited net profit attributable to shareholders of the listed company for the year 2025.
Asset Name | | | | | | Item | | | | | | | | | | | | | | | | | | | | | | | Provision Amount (10,000 yuan) | | | Proportion of Net Profit
Other receivables bad debt loss | | | | | | | | | | | | 6.02 | | | | | 2.46% |
Accounts receivable bad debt loss | | | | | | | | | | | -131.95 | | | | | | -53.89% |
Credit impairment loss | | | | Long-term receivables bad debt loss | | | | | | | | -3.49 | | | | | -1.43% |
Non-current assets due within one year | -1.11 | -0.45% |

Bad debt lossInventory write-down loss463.70189.36%
Total333.16136.06%
Note: If there is a discrepancy between the total and the sum of individual values, it is due to rounding.
3.Approval Procedure for the Provision for Asset Impairment

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