300294SZSE

2025 Annual Impairment Testing Report on Goodwill of the Company

✨ AI Summary

The report confirms that impairment testing was conducted for goodwill as of December 31, 2025. The assessment revealed that the recoverable amount for the asset group of Green Cross (China) is above its carrying value, while Anhui Glink's asset group showed a recoverable amount below its carrying value, resulting in a goodwill impairment provision of RMB 110,465,396.81.

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Full Translation

AI Translation· azure_openai

1. Impairment Testing Conducted

  • Yes ☒ No □

2. Assessment Report Obtained for Financial Reporting Purposes

  • Yes ☒ No □
Asset Group NameAssessment AgencyAssessorAssessment Report NumberAssessment Value TypeAssessment Result
Green Cross (China) Biological Products Co., Ltd. and Subsidiary StationsBeijing Zhongqi Hua Asset Appraisal Co., Ltd.Song Feiyun, Wang CongshanZhongqi Hua Appraisal Report No. (2026) 8101Recoverable AmountNo Impairment
Anhui Glink Pharmaceutical Sales Co., Ltd.Beijing Zhongqi Hua Asset Appraisal Co., Ltd.Song Feiyun, Wang CongshanZhongqi Hua Appraisal Report No. (2026) 8100Recoverable AmountImpairment of 110,465,396.54 RMB

3. Existence of Impairment Indicators

Asset Group NameExistence of Impairment IndicatorsRemarksImpairment ProvisionRemarksImpairment BasisRemarks
Green Cross (China) Biological Products Co., Ltd. and Subsidiary StationsNoNoNo ImpairmentNot Applicable
Anhui Glink Pharmaceutical Sales Co., Ltd.YesMarket performance below expectations at acquisitionYesSpecial Assessment Report

4. Goodwill Allocation

Asset Group NameComposition of Asset Group or CombinationDetermination MethodCarrying AmountGoodwill Allocation MethodAllocated Goodwill Original Value
Green Cross (China) Biological Products Co., Ltd. and Subsidiary StationsSubsidiaries acquired at the time of goodwill formationSingle Asset Group363,258,756.31Based on major cash inflows independent of other assets612,721,939.02
Anhui Glink Pharmaceutical Sales Co., Ltd.Subsidiaries acquired at the time of goodwill formationSingle Asset Group115,027,420.42Based on major cash inflows independent of other assets115,274,088.67

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