Announcement on Provision for Asset Impairment for the Year 2025
Shenzhen Aerospace Intelligent Manufacturing Technology Co., Ltd. (hereinafter referred to as "the Company") intends to recognize an asset impairment provision of 88.07128 million yuan for the year 2025, which accounts for 11.12% and 10.00% of the audited net profits attributable to shareholders for the years 2024 and 2025, respectively. The specific circumstances are as follows:
Overview of Asset Impairment Provision
(1) Reasons for Recognizing Asset Impairment Provision
In accordance with the "Enterprise Accounting Standards" and the Company's accounting policies, based on the principle of prudence, the Company conducted a comprehensive review and impairment testing of various assets within the scope of the consolidated financial statements as of the end of 2025, and recognized impairment provisions for assets showing signs of impairment.
(2) Categories and Amounts of Assets for Impairment Provision
| Item | Provision Amount (yuan) |
|---|---|
| Credit impairment losses | -2,917,528.81 |
| Among them: | |
| Bad debt loss on notes receivable | 1,892,663.21 |
| Bad debt loss on accounts receivable | -33,870.84 |
| Bad debt loss on other receivables | -2,029,369.09 |
| Bad debt loss on financing receivables | -3,449,181.08 |
| Bad debt loss on other current assets | 1,702,228.99 |
| Asset impairment losses | -85,153,751.38 |
| Among them: | |
| Inventory write-down losses | -42,452,736.01 |
| Fixed asset impairment losses | -42,701,015.37 |
| Total | -88,071,280.19 |
Note:
- The other current assets for which impairment provisions are recognized mainly consist of notes receivable that have not been terminated at the end of the period.
- The high amount of fixed asset impairment provision this period is mainly due to the impairment testing conducted at the end of the reporting period, which resulted in a provision of 40.5593 million yuan for asset groups related to "Sichuan Lekai New Materials Co., Ltd. Coating Business" and "Chengdu Aerospace Molding Co., Ltd. EHY Tailgate Adhesive Line."
Main Methods and Basis for Recognizing Asset Impairment Provision
(1) Credit Impairment Losses
The Company conducts impairment accounting for financial assets measured at amortized cost, financial assets measured at fair value with changes recognized in other comprehensive income (debt instruments), and financial guarantee contracts based on expected credit losses. The Company considers reasonable and evidence-based information regarding past events, current conditions, and forecasts of future economic conditions to calculate the present value of the difference between the cash flows expected to be received and the cash flows contractually receivable, weighted by the risk of default, to recognize expected credit losses.
For receivables and contract assets arising from transactions governed by "Enterprise Accounting Standards No. 14 - Revenue," the Company measures the loss provision at an amount equivalent to the expected credit losses over the entire duration, regardless of whether there is a significant financing component. For lease receivables arising from transactions governed by "Enterprise Accounting Standards No. 21 - Leases," the Company chooses to measure the loss provision at an amount equivalent to the expected credit losses over the entire duration.