Securities Code: 002375 Securities Abbreviation: Yasha Shares Announcement Number: 2026-020
Zhejiang Yasha Decoration Co., Ltd. Announcement on Accruing 2025 Impairment Losses on Credit and Assets
The Company and the entire 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.
Zhejiang Yasha Decoration Co., Ltd. (hereinafter referred to as the "Company") accrued credit impairment losses of RMB 26,128.80 million and asset impairment losses of RMB 1,935.97 million for 2025, totaling RMB 28,064.77 million. The specific details are hereby announced as follows:
Accrual of Asset Impairment Provisions
Overview of Accrual of Asset Impairment Provisions
In accordance with the requirements of the "Enterprise Accounting Standards" and the "Rules Governing the Listing of Stocks on the Shenzhen Stock Exchange," to more truthfully and accurately reflect the Company's asset status and financial status as of December 31, 2025, the Company and its subsidiaries have conducted a comprehensive and thorough investigation, analysis, and evaluation of assets such as notes receivable, accounts receivable, contract assets, other receivables, inventory, and goodwill, and have accrued impairment provisions for assets that may incur impairment losses.
Scope of Assets, Total Amount, and Reporting Period for Accrual of Impairment Provisions
The Company conducted impairment tests on notes receivable, accounts receivable, contract assets, other receivables, inventory, and goodwill as of the end of 2025, and determined that there were signs of impairment, requiring the accrual of impairment provisions. The Company's accrual of credit impairment losses and asset impairment losses totals RMB 28,064.77 million, which accounts for 85.06% of the Company's net profit attributable to shareholders of the listed company for the most recent period, RMB 32,995.80 million as audited in 2025. The specific situation of the accrued credit impairment losses and asset impairment losses is as follows: