Securities Code: 002342 Securities Abbreviation: Julong Esprit Announcement No.: 2026-021
Julong Esprit Co., Ltd.
Announcement on Provision for Asset Impairment and Credit Impairment for 2025
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and that there are no false records, misleading statements, or material omissions.
Julong Esprit Co., Ltd. (hereinafter referred to as "the Company" or "the Company") held the fourth meeting of the Eighth Board of Directors' Audit Committee and the fifth meeting of the Eighth Board of Directors on March 28, 2026, and April 8, 2026, respectively. The proposals on "Julong Esprit Co., Ltd.'s Provision for Asset Impairment and Credit Impairment for 2025" were deliberated and approved. In accordance with the "Accounting Standards for Business Enterprises," the Company's accounting policies, accounting estimates, and other relevant regulations, the Company (including its subsidiaries within the scope of consolidated financial statements) conducted impairment tests on assets with impairment indicators as of December 31, 2025. In accordance with the principle of prudence, provisions for impairment were made for assets that may incur impairment losses. The specific situation is hereby announced as follows:
I. Overview of the Provision for Impairment This Period
- Reason for the Provision for Impairment This Period
In accordance with the "Accounting Standards for Business Enterprises" and the Company's financial rules and regulations, at the end of 2025, the Company assessed impairment indicators for notes receivable, accounts receivable, other receivables, contract assets, inventory, fixed assets, intangible assets, and other related assets. It was determined that some of these assets exhibited impairment indicators. In accordance with the principle of prudence, the Company made provisions for credit and asset impairment losses for related assets that may incur impairment losses.