I. Overview of the Provision for Asset Impairment
Hongbo Co., Ltd. (hereinafter referred to as "the Company") has made a provision for asset impairment in accordance with the Shenzhen Stock Exchange Listing Rules and relevant accounting standards. To accurately reflect the Company's asset status and operating results as of the end of 2025, the Company has conducted impairment tests on receivables, contract assets, inventory, long-term equity investments, fixed assets, and goodwill as of December 31, 2025. The details of the impairment provision are as follows:
| Asset Category | Provision Amount (10,000 yuan) | Reason for Provision |
|---|---|---|
| Receivables and Contract Assets | 684.07 | Based on individual assessment and credit risk characteristics |
| Inventory | 3,200.13 | Decline in market prices of intelligent computing equipment |
| Long-term Equity Investments | 332.50 | Expected transfer loss on held-for-sale assets |
| Fixed Assets | 2,119.89 | Decline in market prices; impairment due to subsidiary shutdown and idle production lines |
| Goodwill | 1,136.73 | Performance decline of Chengdu Biaodian; changes in industrial policy affecting Wuxi Shuanglong, with performance below expectations |
| Total | 7,473.32 |