Ningbo Xingyuan Zhuomei Technology Co., Ltd. (hereinafter referred to as "the Company") held the 20th meeting of the 3rd Board of Directors on April 27, 2026, where it reviewed and approved the proposal regarding the provision for credit impairment losses and asset impairment losses for the first quarter of 2026. The details are announced as follows:
I. Overview of the Provision for Credit Impairment Losses and Asset Impairment Losses
In accordance with the relevant provisions of the "Enterprise Accounting Standards" and the Company's accounting policies, the Company conducted a comprehensive review of various assets within the scope of the consolidated financial statements as of March 31, 2026, and performed sufficient assessments and analyses of assets that may show signs of impairment, followed by impairment testing. Based on the results of the impairment tests, the Company intends to recognize an impairment loss of 7,746,865.42 yuan for the first quarter of 2026, including credit impairment losses of 571,054.29 yuan and asset impairment losses of 8,317,919.71 yuan. The specific details are as follows:
| Category | Item | Provision Amount (yuan) |
|---|---|---|
| Credit Impairment Loss | Bad debt loss on notes receivable | -22,993.83 |
| Bad debt loss on accounts receivable | -565,397.13 | |
| Bad debt loss on other receivables | 17,336.67 | |
| Asset Impairment Loss | Inventory write-down loss | 8,128,403.02 |
| Contract asset impairment loss | 189,516.69 | |
| Total | 7,746,865.42 |
The assets for which the credit impairment losses and asset impairment losses are recognized mainly include notes receivable, accounts receivable, other receivables, inventory, and contract assets, with specific details as follows:
| Item | Beginning Balance | Current Provision | Current Recovery or Reversal | Current Write-off/Write-down | Other Changes | Ending Balance |
|---|---|---|---|---|---|---|
| Bad debt provision on notes receivable | 48,313.36 | -22,993.83 | - | - | - | 25,319.53 |
| Bad debt provision on accounts receivable | 12,563,897.80 | -565,397.13 | - | - | - | 11,998,500.67 |
| Bad debt provision on other receivables | 92,528.82 | 17,336.67 | - | - | -5.28 | 109,860.21 |
| Inventory write-down provision | 10,877,357.49 | 8,128,403.02 | - | 5,136,988.70 | - | 13,868,771.81 |
| Contract asset impairment provision | 2,548,833.69 | 189,516.69 | - | - | - | 2,738,350.38 |
| Total | 26,130,931.16 | 7,746,865.42 | - | 5,136,988.70 | -5.28 | 28,740,802.60 |