Shenzhen INVT Electric Co., Ltd. Announcement (2026) Announcement No.: 2026-016
Announcement on Provision for Asset Impairment and Write-off of Assets for 2025
All members of the company and the board of directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
In accordance with the "Accounting Standards for Business Enterprises," the "Rules Governing the Listing of Stocks on the Shenzhen Stock Exchange," and other relevant regulations, to more fairly and accurately reflect the company's asset status and operating conditions as of December 31, 2025, Shenzhen INVT Electric Co., Ltd. (hereinafter referred to as the "Company") and its subsidiaries, based on the prudence principle, have conducted a comprehensive review, analysis, and evaluation of various assets. Impairment provisions have been made for assets that may incur credit or asset impairment, and assets confirmed to have incurred actual losses after investigation and verification have been written off.
I. Overview of This Provision for Asset Impairment and Write-off of Bad Debts
The Company has conducted a comprehensive review and analysis of receivables, contract assets, inventory, fixed assets, intangible assets, long-term equity investments, construction in progress, goodwill, and other assets within the scope of the consolidated financial statements from January 1, 2025, to December 31, 2025. The Company performed impairment tests by asset category and recognized corresponding asset impairment provisions for assets showing signs of impairment. Uncollectible receivables were cleaned up and written off. Based on these investigations and tests, the Company's provision for asset impairment and write-off of bad debts for 2025 is as follows:
- The Company recognized RMB 30.9021 million in asset impairment losses, with details as follows: