This company and the board of directors confirm that the content of this announcement is true, accurate, complete, and free from false records, misleading statements, or major omissions.
Suzhou Hengjiu Electric Technology Co., Ltd. (hereinafter referred to as "the Company") convened the 16th meeting of the sixth board of directors on April 22, 2025, and reviewed the proposal regarding the provision for credit impairment and asset impairment for 2025. The specific situation of this provision is announced as follows:
1. Current Situation of Provision for Impairment
1. Reasons for Provision for Impairment
According to the "Enterprise Accounting Standards" and the relevant requirements of the Shenzhen Stock Exchange's self-regulatory guidelines, in order to ensure the authenticity, accuracy, and completeness of financial statements, the Company has conducted a review of the assets and their impairment. The provision for impairment is based on the expected credit loss model. The total provision for credit impairment for 2025 is estimated at 14,026,816.96 yuan.
2. Scope of Provision for Impairment, Total Amount, and Reporting Period
According to the Company’s assessment, the possible existing assets that may be subject to impairment by the end of 2025 include receivables, other receivables, long-term equity investments, and fixed assets. The total provision for credit impairment is estimated at 14,026,816.96 yuan.
| Item | Amount (yuan) |
|---|---|
| 1. Credit Impairment Loss | 5,717,229.22 |
| - Of which: Bad Debt Loss | 6,258,384.59 |
| - Other Receivables Impairment Loss | -539,155.37 |
| 2. Asset Impairment Loss | 8,309,587.74 |
| - Of which: Asset Impairment Loss | 8,193,570.06 |