I. Overview of Asset Impairment Provisions
- Current Asset Impairment Losses
| Item | Amount (¥) |
|---|---|
| Loss on asset impairment | -10,983,938.03 |
| Loss on loans | -7,079,106.31 |
| Loss on investment assets | -740,483.42 |
| Loss on fixed assets | -861,985.93 |
| Loss on other assets | -2,302,362.37 |
| Total | -50,276,919.61 |
- Credit Impairment Losses
| Item | Amount (¥) |
|---|---|
| Loss on receivables | -155,339.19 |
| Loss on other receivables | -50,372,439.39 |
| Other income losses | -59,819.41 |
| Total | -61,260,857.64 |
II. Explanation of Asset Impairment Provisions
- Financial Asset Impairment (including receivables, income accounts, and other assets)
The company assesses the expected credit losses of financial assets based on the nature of the assets and the credit risk associated with them. The assessment includes both historical data and forward-looking information.
The company has already recognized expected credit losses during the reporting period, but the actual losses may differ from the estimates.
III. Risk Assessment
The company has established a framework for assessing credit risk associated with financial assets. This includes evaluating the creditworthiness of counterparties and the potential for default.