002380SZSE

Announcement on Provision for Asset Impairment

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Nanjing Keling Smart Intelligent Technology Group Co., Ltd. announces its provision for asset impairment as of December 31, 2025. The company recognized RMB 173,571,869.84 in impairment losses, primarily for accounts receivable and inventory. This provision reflects the principle of prudence and aims to present a more accurate financial and asset status. The impairment loss will reduce the company's profit by 124.97% of its net profit attributable to shareholders in 2025.

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Securities Code: 002380 Securities Abbreviation: Keling Smart Announcement No.: 2026-014

Nanjing Keling Smart Intelligent Technology Group Co., Ltd. Announcement on Provision for Asset Impairment

The Company and all members of the Board of Directors guarantee the content of this information disclosure is true, accurate, and complete, and there are no false records, misleading statements, or major omissions.

I. Overview of the Provision for Asset Impairment

In accordance with the "Accounting Standards for Business Enterprises," the "Stock Listing Rules of the Shenzhen Stock Exchange," and the Company's accounting policies, to more truthfully and accurately reflect the Company's asset status and financial status as of December 31, 2025, based on the principle of prudence, the Company conducted impairment tests on relevant assets as of December 31, 2025. It agreed to make corresponding impairment provisions for assets with impairment indications, totaling RMB 173,571,869.84. This provision for asset impairment does not require shareholder approval.

II. Scope and Amount of Provision for Asset Impairment

As of the end of 2025, the Company conducted a comprehensive review of assets such as accounts receivable, inventory, fixed assets, and long-term equity investments of its subsidiaries within the consolidated financial statements. Impairment tests were conducted on assets with impairment indications, and impairment provisions were made. The specific situation is as follows:

Impairment TypeAsset ItemAmount of Impairment Provision
Credit ImpairmentBad debt provision for accounts receivable87,125,948.19
Bad debt provision for other receivables895,294.36
Bad debt provision for notes receivable1,882,322.98
Asset ImpairmentInventory price decline provision6,218,571.63
Fixed asset impairment provision44,315,297.11
Contract asset impairment provision2,741,331.46
Other current asset impairment provision30,393,104.11

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