Securities Code: 002426 Securities Abbreviation: Victory Precision Announcement No.: 2026-008 Suzhou Victory Precision Manufacturing Technology Co., Ltd. Announcement on Provision for Asset Impairment and Write-off of Assets for 2025
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false statements, misleading representations, or material omissions.
Suzhou Victory Precision Manufacturing Technology Co., Ltd. (hereinafter referred to as the "Company") has, in accordance with the "Accounting Standards for Business Enterprises," the "Shenzhen Stock Exchange Main Board Listed Company Self-Regulatory Guidelines No. 1 - Norms for Operation of Listed Companies on the Main Board," and the "Shenzhen Stock Exchange Listed Company Self-Regulatory Guidelines No. 1 - Business Handling," made provisions for impairment of assets that may be impaired and written off certain accounts receivable and other assets. The relevant situation is hereby announced as follows:
I. Overview of the Provision for Asset Impairment and Write-off of Assets for This Period
- Reason for the Provision for Asset Impairment and Write-off of Assets for This Period
In accordance with the requirements of the "Accounting Standards for Business Enterprises," the "Shenzhen Stock Exchange Main Board Listed Company Self-Regulatory Guidelines No. 1 - Norms for Operation of Listed Companies on the Main Board," and the "Shenzhen Stock Exchange Listed Company Self-Regulatory Guidelines No. 1 - Business Handling," to more truthfully and accurately reflect the Company's asset status and financial condition, based on the principle of prudence, the Company has conducted a comprehensive review, analysis, and evaluation of all assets within the scope of the consolidated financial statements as of December 31, 2025. Provisions for impairment have been made for assets that may incur impairment losses, and certain accounts receivable have been written off.
- Scope, Total Amount, and Reporting Period of the Provision for Asset Impairment and Write-off of Assets for This Period
After a comprehensive review and impairment test of assets with potential impairment signs as of the end of 2025, including accounts receivable, inventory, fixed assets, and construction in progress, the Company has provided 43,283.33 million yuan for asset impairment and written off 4.19 million yuan in assets for 2025. The specific details are as follows:
(1) Asset Impairment Provision Items
| Asset Name | Amount of Impairment Provision for 2025 (million yuan) | Proportion of 2025 Audited Net Profit Attributable to the Parent Company (%) |
|---|---|---|
| Accounts Receivable | 26,269.26 | 36.92% |
| Inventory | 5,280.11 | 7.42% |
| Construction in Progress | 6,933.76 | 9.75% |
| Fixed Assets | 2,293.45 | 3.22% |
| Long-term Deferred Expenses | 2,376.54 | 3.34% |
| Long-term Equity Investments | 130.19 | 0.18% |
| Total | 43,283.33 | 60.84% |
(2) Written-off Asset Items
| Asset Name | Amount of Written-off Assets for 2025 (million yuan) | Proportion of 2025 Audited Net Profit Attributable to the Parent Company (%) |
|---|---|---|
| Accounts Receivable | 4.19 | 0.01% |
The reporting period for the provision for asset impairment and write-off of assets is from January 1, 2025, to December 31, 2025.
- Approval Procedures for the Provision for Asset Impairment and Asset Write-off for This Period