Securities Code: 001360 Securities Abbreviation: Nanchang Mining Group Announcement No.: 2026-019 Nanchang Mining Machinery Group Co., Ltd. Announcement on Accrual of Bad Debt Provisions and Asset Impairment Provisions The Company and all members of the Board of Directors guarantee the content of this information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
- Situation of Accruing Bad Debt Provisions and Asset Impairment Provisions (1) Overview of Accruing Bad Debt Provisions and Asset Impairment Provisions To truthfully and objectively reflect the financial status and operating results of Nanchang Mining Machinery Group Co., Ltd. (hereinafter referred to as the "Company"), and to provide investors with more truthful, reliable, and accurate accounting information, in accordance with relevant laws and regulations such as the "Accounting Standards for Enterprises," the "Rules Governing the Listing of Stocks on the Shenzhen Stock Exchange," and the "Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guidelines No. 1 - Standardized Operation of Main Board Listed Companies," and based on the principle of prudence, the Company conducted impairment tests on various assets including accounts receivable, other receivables, notes receivable, inventory, and contract assets as of December 31, 2025, and March 31, 2026. After thorough evaluation and analysis, impairment provisions were made for assets with potential impairment losses.
(2) Scope of Assets for Accruing Impairment Provisions and Total Amount The total amount of bad debt provisions and asset impairment provisions accrued by the Company in 2025 is RMB 52,830,588.79, with specific details as follows: