Securities Code: 002745 Securities Abbreviation: Mulinsen Announcement No.: 2026-016
Mulinsen Co., Ltd.
Announcement on Provision for Asset Impairment in 2025
The Company and all members of the Board of Directors guarantee the content of the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Mulinsen Co., Ltd. (hereinafter referred to as the "Company") held the seventh meeting of the Sixth Board of Directors on April 27, 2026, and deliberated and approved the "Proposal on Provision for Asset Impairment in 2025". In accordance with the "Enterprise Accounting Standards" and the "Shenzhen Stock Exchange Stock Listing Rules", and for the purpose of more truthfully and accurately reflecting the Company's financial position and asset value as of December 31, 2025, based on the principle of prudence, the Company hereby announces the provision for asset impairment in 2025 as follows:
I. Provision for Asset Impairment This Time
(I) Reasons for Provision for Asset Impairment
According to the "Enterprise Accounting Standards", enterprises should determine at the balance sheet date whether there are signs of asset impairment. If there are signs of impairment, the recoverable amount of the asset should be estimated. The recoverable amount shall be determined by the higher of the net amount of the asset's fair value less disposal costs and the present value of the asset's expected future cash flows. If the recoverable amount of an asset is lower than its carrying amount, the carrying amount of the asset shall be reduced to the recoverable amount, and the amount of reduction shall be recognized as an asset impairment loss, included in current profit or loss, and the corresponding provision for asset impairment shall be made.
To more truthfully and accurately reflect the Company's financial position, asset value, and operating results as of December 31, 2025, based on the principle of prudence, the Company and its consolidated subsidiaries have conducted a comprehensive inventory of various assets, performed impairment tests on assets with signs of impairment, and made corresponding provisions for asset impairment.
(II) Scope, Total Amount, and Reporting Period of Asset Impairment Provision This Time
The scope of asset impairment provision this time includes notes receivable, accounts receivable, other receivables, inventory, fixed assets, intangible assets, and goodwill. The provision for impairment of related assets within the scope of the consolidated financial statements for 2025 is RMB 155,388.37 million, accounting for 105.19% of the net profit attributable to the Company's shareholders for 2025. The specific details are as follows:
| Project | Amount of Provision for Impairment in Jan-Dec 2025 (RMB million) |
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