The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Shenzhen Si Hui Fu Shi Electronic Technology Co., Ltd. (hereinafter referred to as "the Company") held the 19th meeting of the 3rd Board of Directors on March 30, 2026, to review and approve the proposal on the provision for asset impairment for the year 2025. According to the relevant provisions on asset impairment provisions in the "Enterprise Accounting Standards" and the "Self-Regulatory Guidelines No. 2 for Listed Companies on the Shenzhen Stock Exchange - Standardized Operations of Growth Enterprise Market Listed Companies," the Company has conducted a thorough assessment and analysis of various assets within the scope of consolidated financial statements as of December 31, 2025, and has made provisions for impairment losses on assets that may incur losses. The specific situation is as follows:
I. Overview of the Provision for Asset Impairment
The total provision for asset impairment for the year 2025 is 48.41 million yuan, accounting for 37.78% of the audited net profit attributable to the parent company. The write-down of inventory impairment is 28.66 million yuan, accounting for 22.37% of the audited net profit attributable to the parent company. The specific composition is as follows:
| Item | Specific Item | Current Period Provision | Proportion of 2025 Audited Net Profit Attributable to Parent Company (%) |
|---|---|---|---|
| Credit Impairment Loss | Accounts Receivable Bad Debt Provision | 9.60 | 7.49 |
| Other Receivables Bad Debt Provision | 0.28 | 0.22 | |
| Asset Impairment Loss | Inventory Impairment Provision | 38.54 | 30.08 |
| Total | 48.41 | 37.78 |
The reporting period for the provision for asset impairment is from January 1, 2025, to December 31, 2025.
II. Basis, Specific Methods, and Reasons for the Provision
The credit impairment provision includes bad debt provisions for accounts receivable and other receivables. The current period provision for asset impairment is for inventory impairment.