Changzhou Guangyang Axle Co., Ltd. announces its planned provision for asset impairment for 2025, totaling ¥15,373,314.74. This includes ¥4,353,968.46 for asset impairment loss and ¥1,777,915.89 for credit impairment loss. The provision is determined in accordance with Enterprise Accounting Standards and the company's policies. This impairment will impact the company's profit attributable to shareholders for the year 2025.
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Based on the "Enterprise Accounting Standards" and the relevant accounting policies of Changzhou Guangyang Axle Co., Ltd. (hereinafter referred to as "the Company"), the Company plans to assess the financial status as of December 31, 2025, and the economic impact for 2025, in accordance with the relevant accounting standards, to determine the necessary provisions for asset impairment.
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