Wuxi Xian Dao Intelligent Equipment Co., Ltd. Announcement No. 2026-023
The company and all members of the board of directors guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
I. Overview of the Provision for Asset Impairment
To more accurately reflect the company's financial condition and operating results, in accordance with the relevant provisions of the "Enterprise Accounting Standards" and the company's accounting policies, and based on the principle of prudence, the company has conducted a comprehensive review of receivables, inventories, fixed assets, goodwill, and other assets within the scope of the consolidated financial statements as of December 31, 2025. The company has fully assessed and analyzed various assets and made provisions for impairment or reversals as necessary. According to the "Shenzhen Stock Exchange Growth Enterprise Market Listing Rules (2025 Revision)" and the "Company Articles of Association," this provision for asset impairment does not require submission for board or shareholder approval.
II. Scope and Total Amount of the Provision for Asset Impairment
For the year 2025, the total provision for asset impairment on a consolidated basis amounts to CNY 229,923,670.19, detailed as follows:
| Item | Provision/ Reversal Amount (1-6 Months) | Provision/ Reversal Amount (7-9 Months) | Provision/ Reversal Amount (1-9 Months) | Provision/ Reversal Amount (1-12 Months) |
|---|---|---|---|---|
| I. Credit Impairment Losses | 233,913,379.89 | -11,557,747.54 | 222,355,632.35 | 118,008,489.10 |
| - Bad Debt Losses on Accounts Receivable | 232,066,547.17 | -13,239,172.75 | 218,827,374.42 | 115,569,394.55 |
| - Bad Debt Losses on Other Receivables | 1,846,832.72 | 1,681,425.21 | 3,528,257.93 | 2,439,094.55 |
| II. Asset Impairment Losses | -104,562,625.73 | -72,523,016.33 | -177,085,642.06 | -347,932,159.29 |
| - Inventory Write-down Losses and Contract Performance Cost Impairment Losses | -98,879,938.28 | -71,545,567.16 | -170,425,505.44 | -338,613,989.36 |
| - Contract Asset Impairment Losses | -5,682,687.45 | -977,449.17 | -6,660,136.62 | -9,318,169.93 |
| Total | 129,350,754.16 | -84,080,763.87 | 45,269,990.29 | -229,923,670.19 |