Announcement on Provision for Asset Impairment for the Year 2025
According to the "Enterprise Accounting Standards," "Shenzhen Stock Exchange Listing Rules," and relevant accounting policies of Shenzhen Lianyu Optoelectronics Co., Ltd. (hereinafter referred to as "the Company" or "Lianyu"), in order to accurately reflect the asset and financial status of the Company as of December 31, 2025, and adhering to the principle of prudence, the Company and its subsidiaries have conducted a thorough review and analysis of assets, and have made provisions for impairment losses on relevant assets that may occur. The specific situation is as follows:
I. Overview of the Provision for Asset Impairment
In accordance with the "Enterprise Accounting Standards" and the Company's accounting policies, and adhering to the principle of prudence, the Company has conducted a comprehensive review and impairment testing of assets showing signs of impairment within the consolidated financial statements as of December 31, 2025. Based on the RMB 21.96 million provision for receivables, other receivables, and inventory made in the first half of 2025, an additional total provision of RMB 11.57 million was made from July to December 2025, covering the reporting period from July 1, 2025, to December 31, 2025. This provision for asset impairment was executed in accordance with the "Enterprise Accounting Standards" and the Company's accounting policies and does not require submission for board approval. For the entire year of 2025, the Company made a total provision for asset impairment of RMB 33.53 million, detailed as follows: