Overview of the Provision for Asset Impairment
In accordance with the "Enterprise Accounting Standards," "Shenzhen Stock Exchange Growth Enterprise Market Listing Rules," and "Self-Regulatory Guidelines No. 2 for Listed Companies on the Growth Enterprise Market," Hangzhou Heshun Technology Co., Ltd. (hereinafter referred to as "the Company") has conducted a comprehensive review of various assets, including inventories, receivables, fixed assets, construction in progress, and intangible assets. Based on the principle of prudence, the Company has made provisions for impairment on assets showing signs of impairment. The total impairment loss for the year 2025 is 167.6646 million yuan, which includes credit impairment losses of 1.494 million yuan and asset impairment losses of 167.5152 million yuan. The specific details are as follows:
| Category | Item | Amount for 2025 (10,000 yuan) |
|---|---|---|
| Credit Impairment Loss | Accounts Receivable Bad Debt Loss | 63.41 |
| Other Receivables Bad Debt Loss | -78.34 | |
| Subtotal | -14.94 | |
| Asset Impairment Loss | Inventory Write-down Loss and Contract Performance Cost Impairment Loss | -44,079.1 |
| Intangible Asset Impairment Loss | -2,491.5 | |
| Fixed Asset Impairment Loss | -120,944.6 | |
| Subtotal | -167,515.2 | |
| Total | -167,664.6 |
According to the relevant provisions of the "Self-Regulatory Guidelines No. 2 for Listed Companies on the Growth Enterprise Market" and the "Company's Articles of Association," this provision for asset impairment does not require submission for approval by the Company's board of directors or shareholders' meeting.