301305SZSE
🚨 Material Event

Announcement Regarding the Provision for Asset Impairment Losses and Credit Impairment Losses for the 2026 Semi-Annual Period

Shenzhen Lions King Hi-Tech Co.,Ltd··4 pages

✨ AI Summary

Shenzhen Langkun Technology Co., Ltd. has announced a total provision for asset and credit impairment losses of 41,822,188.55 RMB for the first half of 2026. This provision, based on the principle of prudence and the Enterprise Accounting Standards, reflects the company's assessment of its financial position as of June 30, 2026. The impairment charges will reduce the company's total profit for the 2026 semi-annual period by the same amount.

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Stock Code: 301305 Stock Abbreviation: Langkun Technology Announcement No.: 2026-063

Shenzhen Langkun Technology Co., Ltd.

Announcement Regarding the Provision for Asset Impairment Losses and Credit Impairment Losses for the 2026 Semi-Annual Period

I. Overview of the Provision for Asset Impairment Losses and Credit Impairment Losses

(I) Reasons for the Provision

In accordance with the principle of prudence and to truthfully reflect the company's financial position and operating results, Shenzhen Langkun Technology Co., Ltd. (hereinafter referred to as the "Company"), based on the "Enterprise Accounting Standards" and relevant company financial policies, conducted a comprehensive review of various receivables, inventories, fixed assets, long-term equity investments, construction in progress, and intangible assets as of June 30, 2026. The company performed a thorough assessment and analysis of the possibility of impairment for each asset and the net realizable value of various inventories.

(II) Asset Scope and Total Amount

Following a comprehensive review and impairment test of assets showing signs of potential impairment (including receivables and inventories) as of June 30, 2026, the Company has accrued a total of 41,822,188.55 RMB in impairment provisions for the 2026 semi-annual period. Details are as follows:

Item2026 Semi-Annual Impairment Loss (RMB)
Credit Impairment Loss18,665,887.30
Including: Bad debt provision for accounts receivable18,772,593.66
Bad debt provision for other receivables-106,706.36
Bad debt provision for receivables financing
Asset Impairment Loss23,156,301.25
Including: Inventory depreciation provision22,912,599.61
Contract asset impairment provision268,012.97
Bad debt provision for other non-current assets-24,311.33
Total41,822,188.55

Note: Reversals are filled in with a negative sign.

II. Confirmation Standards and Provision Methods

(I) Confirmation Standards and Provision Methods for Expected Credit Losses on Receivables and Contract Assets

  1. Receivables and Contract Assets with Expected Credit Losses Accrued Based on Credit Risk Characteristic Portfolios

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