Securities Code: 002296 Company Abbreviation: Huihuang Technology Announcement No.: 2026-009
Henan Huihuang Technology Co., Ltd. Announcement on Accrual of Credit and Asset Impairment Provisions for 2025
The Company and all members of its Board of Directors guarantee the content of the information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Henan Huihuang Technology Co., Ltd. (hereinafter referred to as the "Company") deliberated and passed the "Proposal on Accrual of Credit and Asset Impairment Provisions for 2025" at the Fifth Meeting of the Ninth Board of Directors held on April 27, 2026. The relevant matters are hereby announced as follows:
I. Overview of the Accrual of Impairment Provisions This Time
- Reason for Accruing Credit and Asset Impairment Provisions
In accordance with the requirements of the "Accounting Standards for Business Enterprises" and the "Rules Governing the Listing of Stocks on the Shenzhen Stock Exchange," to more truthfully and accurately reflect the Company's asset status and financial situation as of December 31, 2025, the Company and its subsidiaries conducted a comprehensive review and impairment test on assets such as accounts receivable, other receivables, notes receivable, contract assets, inventory, fixed assets, and long-term equity investments. Based on this, a thorough analysis and evaluation were conducted on the possibility of recovery of various receivables, the net realizable value of various inventories, the realizable value of fixed assets, and the status of long-term equity investments. Impairment provisions were accrued for assets that may incur impairment losses.