Guangdong Genesis Intelligent Equipment Group Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
In order to reflect the Company's financial condition and operating results accurately and objectively, and in accordance with the "Enterprise Accounting Standards" and the "Shenzhen Stock Exchange GEM Listing Rules," the Company has conducted a comprehensive review and assessment of its assets as of December 31, 2025. Based on the principle of prudence, the Company has recognized impairment losses for certain assets showing signs of impairment and has written off inventory that has reached a write-off status. According to relevant regulations, the provision for impairment losses and write-off of assets does not require submission for approval by the Board of Directors or the shareholders' meeting. The specific details are as follows:
I. Basic Situation of Provision for Impairment and Write-off of Assets
(1) Basic Situation of Provision for Impairment
According to the relevant provisions of "Enterprise Accounting Standards No. 22 - Recognition and Measurement of Financial Instruments," "Enterprise Accounting Standards No. 1 - Inventories," and "Enterprise Accounting Standards No. 8 - Asset Impairment," the scope of the impairment losses recognized by the Company includes accounts receivable, long-term receivables, notes receivable, other receivables, contract assets, inventories, intangible assets, goodwill, etc. The total credit impairment losses and asset impairment losses recognized in Q4 2025 amount to ¥15,619,279.18, detailed as follows: