Securities Code: 002357 Securities Abbreviation: Fulun Logistics Announcement No.: 2026-018 Sichuan Fulun Logistics Group Co., Ltd. Announcement on Provision for Asset Impairment for 2025
The Company and all members of the Board of Directors guarantee the authenticity, accuracy, and completeness of the disclosed information, and that there are no false records, misleading statements, or material omissions.
I. Overview of Provision for Asset Impairment
(I) Reasons for Provision for Bad Debt and Asset Impairment
In accordance with the "Enterprise Accounting Standards" and the "Rules Governing the Listing of Stocks on the Shenzhen Stock Exchange," to more truthfully and accurately reflect the asset and financial status of Sichuan Fulun Logistics Group Co., Ltd. (hereinafter referred to as the "Company") as of December 31, 2025, the Company has conducted a comprehensive inventory and assessment of its various assets and will provide for impairment losses on assets that may incur such losses.
(II) Scope of Assets and Total Amount of Provision for Bad Debt and Asset Impairment
For assets with potential impairment signs at the end of 2025, after the Company's assessment, the total provision for various asset impairment losses is RMB 3,817.18 million, with the following breakdown:
| Category | Project | Amount Provided (RMB Million) |
|---|---|---|
| Bad Debt Provision (losses filled with "-") | Accounts Receivable Bad Debt Loss | -389.47 |
| Other Accounts Receivable Bad Debt Loss | -816.97 | |
| Long-term Accounts Receivable Bad Debt Loss | 0.01 | |
| Asset Impairment Loss (losses filled with "-") | Inventory Price Decline Loss | -0.95 |
| Fixed Asset Impairment Loss | -2,609.81 | |
| Total | -3,817.18 |