300450SZSE

2025 Annual Impairment Test Report for Goodwill

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This report details the goodwill impairment test for Wuxi Lead Intelligent Equipment Co., Ltd. for the year 2025. The test was conducted by Walkerston (Beijing) International Asset Appraisal Co., Ltd. The impairment test concluded that no goodwill impairment loss was incurred for the Zhuhai Titan New Energy Co., Ltd. asset group.

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Securities Code: 300450 Securities Abbreviation: Lead Intelligent

Wuxi Lead Intelligent Equipment Co., Ltd. 2025 Annual Impairment Test Report for Goodwill

I. Whether Impairment Test Was Conducted Yes

II. Whether an Impairment Report for Financial Reporting Purposes Was Obtained in the Impairment Test Yes

Asset Group NameAppraisal InstitutionAppraiserAppraisal Report No.Appraisal Value TypeAppraisal Result
Zhuhai Titan New Energy Co., Ltd. Asset GroupWalkerston (Beijing) International Asset Appraisal Co., Ltd.Lü Tongzhong, Jiang Hai ChengWalkerston Appraisal Report No. (2026) No. 0397Recoverable Amount160,765 million yuan

III. Whether There Are Impairment Indicators

Asset Group NameImpairment IndicatorsRemarksWhether Impairment Was RecognizedRemarksImpairment BasisRemarks
Zhuhai Titan New Energy Co., Ltd. Asset GroupNo impairment indicatorsNoNot applicable

IV. Goodwill Allocation Details

Asset Group NameComposition of Asset Group or Asset Group CombinationMethod for Determining Asset Group or Asset Group CombinationWhether the Method for Determining the Asset Group or Asset Group Combination Differs from Previous YearsUnit: Yuan
Zhuhai Titan New Energy Co., Ltd. Asset GroupOperating long-term assets, goodwillLong-term assets related to the company's business are determined as the asset groupNo
Asset Group or Asset Group Combination Book ValueGoodwill Allocation MethodAllocated Goodwill Original Value
1,282,589,941.02Unique asset group combination, no allocation required1,092,335,348.25

V. Goodwill Impairment Test Process

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