001324SZSE

Announcement on Provision for Asset Impairment Losses for 2025

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Changzhou Changqing Technology Co., Ltd. announces its provision for asset impairment losses for 2025. The company has identified assets with impairment indicators and will provision RMB 1,034.96 million, primarily for receivables and inventory. This provision will reduce the consolidated net profit for the reporting period by the same amount, reflecting a prudent accounting approach.

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Securities Code: 001324 Securities Abbreviation: Changqing Technology Announcement No.: 2026-017

Changzhou Changqing Technology Co., Ltd. Announcement on Provision for Asset Impairment Losses for 2025

The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and there are no false records, misleading statements, or significant omissions.

In accordance with the "Accounting Standards for Business Enterprises," "Shenzhen Stock Exchange Main Board Listed Company Self-Regulatory Management Guidelines No. 1 — Norms for the Operation of Main Board Listed Companies," and other relevant regulations, to more truthfully and accurately reflect the financial position and asset status of Changzhou Changqing Technology Co., Ltd. (hereinafter referred to as the "Company") as of December 31, 2025, the Company has conducted a comprehensive review of assets with impairment indicators within the scope of the consolidated financial statements and will make provisions for assets that may incur impairment losses. The specific details are hereby announced as follows:

I. Overview of the Provision for Asset Impairment Losses This Time

(I) Reasons for the Provision for Asset Impairment Losses

In accordance with the "Accounting Standards for Business Enterprises," "Shenzhen Stock Exchange Main Board Listed Company Self-Regulatory Management Guidelines No. 1 — Norms for the Operation of Main Board Listed Companies," and other relevant regulations, and the Company's relevant accounting policies, based on the prudence principle, the Company and its subsidiaries have analyzed, judged, or evaluated accounts receivable, inventory, fixed assets, and other assets within the scope of the consolidated financial statements as of December 31, 2025, and have made corresponding provisions for assets with impairment indicators.

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