Stock Code: 300814 Stock Abbreviation: Zhongfu Circuits Announcement No.: 2026-044
Shenzhen Zhongfu Circuits Co., Ltd.
Announcement Regarding the Provision for Asset Impairment and Write-off of Assets for the 2026 Semi-Annual Period
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or material omissions.
Shenzhen Zhongfu Circuits Co., Ltd. (hereinafter referred to as the "Company"), in accordance with the "Shenzhen Stock Exchange GEM Listing Rules," "Accounting Standards for Business Enterprises," and relevant company accounting policies, hereby announces the details regarding the provision for asset impairment and write-off of assets for the 2026 semi-annual period as follows:
I. Overview of Asset Impairment Provisions and Write-offs
To objectively, truthfully, and accurately reflect the Company's financial position, asset value, and operating conditions, and based on the principle of prudence, the Company evaluated and analyzed various assets within the scope of consolidation as of June 30, 2026. It determined the asset items and amounts requiring impairment provisions.
The Company's total impairment provisions for the 2026 semi-annual period amounted to 44,639,128.61 yuan, with total recoveries or reversals of 1,656,079.93 yuan, and total write-offs or derecognitions of 32,897,840.16 yuan. The details are as follows:
Unit: Yuan
| Item | Opening Balance | Current Period Changes | Ending Balance |
|---|---|---|---|
| Provision | Recovery/Reversal | ||
| Bad debt provision for notes receivable | 3,944,722.40 | 778,629.37 | 0.00 |
| Bad debt provision for accounts receivable | 26,834,188.93 | 5,473,234.71 | 0.00 |
| Bad debt provision for other receivables | 490,897.12 | -36,341.70 | 0.00 |
| Provision for inventory devaluation | 52,095,685.97 | 38,423,606.23 | 1,656,079.93 |
| Total | 83,365,494.42 | 44,639,128.61 | 1,656,079.93 |
II. Confirmation Standards and Methods for Asset Impairment Provisions
The asset impairment provisions mainly include receivables and inventory. When the balance sheet date indicates impairment based on the Company's relevant accounting policies and accounting estimates, the Company shall make provisions for impairment in accordance with regulations.