Securities Code: 002414 Securities Abbreviation: Guide Infrared Announcement No.: 2026-009
Wuhan Guide Infrared Co., Ltd. Announcement on the Provision of Asset Impairment Provisions for 2025
The Company and all members of its Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from any false representations, misleading statements, or material omissions.
In accordance with the "Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guidelines No. 1—Norms for Operation of Main Board Listed Companies," the Company hereby announces the details of its asset impairment provisions for the current period.
Overview of Asset Impairment Provisions for the Current Period
1. Reason for the Current Provision of Asset Impairment Provisions
In accordance with the "Enterprise Accounting Standards," the Company conducted a comprehensive review of its accounts receivable, notes receivable, other receivables, inventory, contract assets, fixed assets, goodwill, and contract performance assets as of December 31, 2025. The Company analyzed and evaluated signs of impairment in the value of these assets. Based on impairment testing, the Company needs to provide for relevant asset impairment provisions as stipulated by the "Enterprise Accounting Standards."
2. Scope of Assets, Total Amount, and Reporting Period for the Current Provision of Asset Impairment Provisions
Following a comprehensive review and impairment test of the Company's accounts receivable, notes receivable, other receivables, inventory, contract assets, fixed assets, goodwill, and contract performance assets as of the end of 2025, the Company has provided for credit impairment losses of RMB 80,084,811.89 and asset impairment losses of RMB 258,714,020.64. The details are as follows:
| Project | Amount of Asset Impairment Provisions Provided from Beginning of Year to End of Year (RMB) |
|---|---|
| Credit Impairment Loss | |
| Bad debt loss on notes receivable | 6,783,948.82 |
| Bad debt loss on accounts receivable | 72,621,218.04 |
| Bad debt loss on other receivables | 679,645.03 |
| Asset Impairment Loss | |
| Inventory and contract performance cost impairment loss | 111,520,269.15 |
| Contract asset impairment loss | 986,220.63 |
| Goodwill impairment loss | 144,624,348.90 |
| Fixed asset impairment loss | 1,583,181.96 |
The reporting period for which the current asset impairment provisions are to be recognized is from January 1, 2025, to December 31, 2025.
3. Approval Procedures for the Current Provision of Asset Impairment Provisions
This provision for asset impairment losses has been reviewed and approved by the 15th meeting of the 6th Board of Directors. The Audit Committee of the Board of Directors has also provided its explanation on the reasonableness of this provision. In accordance with relevant regulations, this provision for asset impairment losses does not require submission to the shareholders' meeting for approval.
Confirmation Standards and Methods for the Current Provision of Asset Impairment Provisions
1. Impairment of Financial Instruments
The Company provides impairment treatment and recognizes loss provisions for financial assets measured at amortized cost, debt investments whose changes in fair value are recognized in other comprehensive income, contract assets, lease receivables, loan commitments, and financial guarantee contracts based on expected credit losses.