002339SZSE

Announcement on Provision for Asset Impairment in 2025

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Jicheng Electronics announces its 2025 provision for asset impairment, totaling 4,251.00 million yuan. This provision, based on prudence and accounting standards, aims to reflect asset values accurately. The impairment will reduce 2025 net profit by 3,701.84 million yuan and owner's equity by 2,968.85 million yuan. The provision has been reviewed by the audit committee and board.

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Company Code: 002339 Company Abbreviation: Jicheng Electronics Announcement No.: 2026-012

Jicheng Electronics Co., Ltd.

Announcement on Provision for Asset Impairment in 2025

The Company and the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false representations, misleading statements, or material omissions.

Jicheng Electronics Co., Ltd. (hereinafter referred to as the "Company"), in accordance with the "Enterprise Accounting Standards," the "Shenzhen Stock Exchange Stock Listing Rules," and other relevant laws, regulations, and normative documents, hereby announces the relevant situation of the Company's provision for asset impairment in 2025 as follows:

I. Overview of the Provision for Asset Impairment in this Period

  1. Reason for the Provision for Asset Impairment in this Period

In accordance with the "Enterprise Accounting Standards" and the Company's "Management Measures for the Provision for Asset Impairment," etc., to truthfully and accurately reflect the asset value of the Company as of December 31, 2025, based on the principle of prudence, the Company analyzed the assets within the scope of the consolidated financial statements and made corresponding provisions for assets showing signs of impairment.

  1. Scope of Assets, Total Amount, and Reporting Period for the Provision for Asset Impairment in this Period

After a comprehensive review and impairment test of assets that may show signs of impairment at the end of 2025, including long-term equity investments, receivables, inventory, goodwill, and fixed assets, the Company and its subsidiaries provided for asset impairment of 4,251.00 million yuan in 2025. The details are as follows:

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