2025 Annual Goodwill Impairment Testing Report
1. Impairment Testing Conducted
☑ Yes □ No
2. Assessment Report Obtained for Financial Reporting Purposes
☑ Yes □ No
| Asset Group Name | Assessment Agency | Assessor | Assessment Report No. | Assessment Value Type | Assessment Result |
|---|---|---|---|---|---|
| Chengdu Aerospace Molding Nanjing Co. | Beijing Tianjian Xingye Asset Appraisal Co. | Wang Xingjie, Cheng Yuanhang | Tianxing Appraisal No. [2026] 0635 | Recoverable Value | RMB 237 million |
| Changchun Huatao Automotive Plastic Parts Co. | Beijing Tianjian Xingye Asset Appraisal Co. | Wang Xingjie, Cheng Yuanhang | Tianxing Appraisal No. [2026] 0635 | Recoverable Value | RMB 772 million |
3. Existence of Impairment Indicators
| Asset Group Name | Existence of Impairment Indicators | Remarks | Impairment Recognized | Remarks | Impairment Basis | Remarks |
|---|---|---|---|---|---|---|
| Chengdu Aerospace Molding Nanjing Co. | No | N/A | No | N/A | Not applicable | |
| Changchun Huatao Automotive Plastic Parts Co. | No | N/A | No | N/A | Not applicable | |
| Qingdao Huatao Automotive Molding Co. | Other impairment indicators exist | The subsequent acquisition of the Qingdao business segment was not implemented as planned, resulting in the full impairment of goodwill related to the molds' R&D and production capacity. | Yes | The goodwill formed in 2013 for Qingdao Huatao was fully impaired. |