This announcement is made in accordance with the Shenzhen Stock Exchange Listing Rules for Companies on the ChiNext Market, the Company Articles of Association, and other relevant regulations. The accrual of asset impairment provisions does not require approval from the Board of Directors or the Shareholders' Meeting.
Overview of Asset Impairment Provisions Accrued This Period
The company (including its subsidiaries included in the consolidated financial statements, hereinafter referred to as "the Company") has conducted a comprehensive review of its accounts receivable, notes receivable, inventory, prepayments, other receivables, long-term equity investments, fixed assets, construction in progress, and intangible assets as of March 31, 2026. Based on the principle of prudence, to accurately reflect the Company's financial position, assets, and operating conditions, and in accordance with the "Rules Governing the Listing of Stocks on the ChiNext Market" and the Company's accounting policies, the Company has assessed the possibility of impairment for these assets. Signs of potential impairment were identified, leading to the determination of asset impairment provisions to be accrued.
Scope and Total Amount of Asset Impairment Provisions Accrued This Period
In January-March 2026, the Company accrued credit impairment provisions and asset impairment provisions for accounts receivable, contract assets, other receivables, inventory, fixed assets, long-term receivables, and other non-current assets totaling RMB 6,355.75 million. The details are as follows:
| Project | Opening Balance | Increase This Period | Decrease This Period | Closing Balance |
|---|---|---|---|---|
| Provision for Credit Impairment | Provision for Credit Impairment | Provision for Credit Impairment | Provision for Credit Impairment | |
| Accrual | Reversal/Write-off | Other | ||
| Write-off | ||||
| Credit Impairment Provisions | 52,702.06 | 4,402.50 | ||
| Of which: Accounts Receivable | 52,144.33 | 4,400.37 | ||
| Long-term Receivables Due Within One Year | 16.54 | -0.17 | ||
| Long-term Receivables | 87.41 | -3.81 | ||
| Other Receivables | 453.78 | 6.11 | ||
| Asset Impairment Provisions | 27,650.91 | 1,953.25 | 2,836.03 | |
| Of which: Contract Assets | 1,224.55 | 179.51 | ||
| Other Non-current Assets | 8,903.85 | 830.33 | ||
| Fixed Assets | 852.12 | |||
| Inventory | 16,670.39 | 943.41 | 2,836.03 | |
| Total | 80,352.98 | 6,355.75 | 2,836.03 |
Note: The sum of the detailed items in the above table may differ slightly from the total due to rounding.