On March 6, 2026, Guangzhou Tinci Materials Technology Co., Ltd. (hereinafter referred to as "the Company") convened the 12th meeting of the sixth board of directors and approved the proposal regarding the provision for asset impairment for 2025. The relevant situation is announced as follows:
002709SZSE
Announcement on Provision for Asset Impairment for 2025
✨ AI Summary
Guangzhou Tinci Materials Technology Co., Ltd. announced its provision for asset impairment for 2025. The company made provisions totaling CNY 23,411.21 million, comprising CNY 6,174.95 million for credit loss and CNY 17,236.26 million for inventory impairment. This action ensures accurate financial reporting as of December 31, 2025, and complies with accounting standards.
Summary generated by AI · Always verify with source document
Full Translation
AI Translation· azure_openai
Sign in to read the full translation
Free accounts get 10 full releases per month. Pro subscribers get unlimited access.