Announcement on Accrual of Asset Impairment Provisions for 2025
Securities Code: 002355 Securities Abbreviation: Xingmin Intelligent Transportation Announcement No.: 2026-014
Xingmin Intelligent Transportation (Group) Co., Ltd. Announcement on Accrual of Asset Impairment Provisions for 2025
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or material omissions.
I. Overview of Accrual of Impairment Provisions
To objectively and fairly reflect the financial position, asset value, and operating conditions of Xingmin Intelligent Transportation (Group) Co., Ltd. (hereinafter referred to as the "Company"), in accordance with the principle of prudence and the provisions of "Accounting Standards No. 8 - Asset Impairment" and the Company's accounting policies, the Company conducted impairment tests on various assets within the scope of the consolidated financial statements as of December 31, 2025. Based on the results of the asset impairment tests, the Company accrued asset impairment provisions totaling RMB 78,604,500.64 for 2025, as detailed below:
| Project | Amount Accrued in This Reporting Period (RMB) |
|---|---|
| I. Credit Impairment Provisions | 36,775,428.00 |
| Of which: Notes Receivable | -157,560.00 |
| Accounts Receivable | 3,031,078.11 |
| Other Receivables | 33,901,909.89 |
| II. Inventory Price Decline Provisions | 27,760,789.88 |
| III. Fixed Asset Impairment Provisions | 14,068,282.76 |
| IV. Long-term Equity Investment Impairment Provisions | |
| Total | 78,604,500.64 |