Beijing Jingneng Thermal Power Co., Ltd. (hereinafter referred to as "the Company") in accordance with the "Enterprise Accounting Standards" and the relevant provisions of the Company’s policy, hereby announces the provision for asset impairment for the year 2025, effective until December 31, 2025, as follows:
Overview of the Provision for Asset Impairment
- Reasons for the Provision for Asset Impairment
The Company, based on the "Enterprise Accounting Standards" and the self-monitoring indicators specified in the first section of the Shenzhen Stock Exchange's trading rules, has conducted assessments and determined the financial situation as of December 31, 2025. The Company may incur potential losses from the provision for asset impairment.
- The scope of the provision for asset impairment for 2025 is as follows:
| Item | Amount in this report |
|---|---|
| Loss on receivables | 64,091,070.62 |
| Other income loss | 8,698,055.27 |
| Total asset impairment | -2,502,730.69 |
| Total | 70,286,395.20 |
Specific Explanation of the Provision for Asset Impairment
- Receivables
For receivables that do not meet the criteria for recognition, the Company will classify them according to the relevant provisions.
- Other Receivables
The Company will follow the general method, namely the "three-stage" model for measuring loss provisions. The Company will assess whether credit risk has increased significantly.