Shenzhen Zhishang Technology Co., Ltd.
2025 Annual Goodwill Impairment Testing Report
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Was an impairment test conducted?
☑ Yes □ No -
Was a valuation report obtained for financial reporting purposes?
☑ Yes □ No
| Asset Group Name | Valuation Agency | Valuer | Valuation Report No. | Valuation Type | Valuation Result |
|---|---|---|---|---|---|
| Shenzhen Xike Industrial Co., Ltd. | Zhongshui Zhiyuan Asset Appraisal Co., Ltd. | Qi Shansong, Meng Pingzhen, Teng Juan | Zhongshui Zhiyuan Appraisal Report No. [2026] 220065 | Recoverable Amount | As assessed, under the assumptions of this report, as of the valuation benchmark date December 31, 2025, the present value of the expected future net cash flows of the asset group including goodwill is RMB 103 million, and the net fair value after deducting disposal costs is RMB 101 million. Based on the higher of the recoverable amount of the asset group including goodwill and the net fair value after deducting disposal costs, the recoverable amount of the asset group including goodwill of Shenzhen Xike Industrial Co., Ltd. as of the valuation benchmark date December 31, 2025, is RMB 103 million (in words: One Hundred Three Million Yuan). |
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Are there any signs of impairment?
| Asset Group Name | Are there signs of impairment? | Remarks | Is impairment provision made? | Remarks | Impairment Basis | Remarks |
|------------------|-------------------------------|---------|------------------------------|---------|------------------|---------|
| Shenzhen Xike Industrial Co., Ltd. | Other signs of impairment | Yes | Special appraisal report | -
Goodwill Allocation Situation
Unit: RMB
| Asset Group Name | Composition of Asset Group or Asset Group Combination | Determination Method of Asset Group or Asset Group Combination | Book Value of Asset Group or Asset Group Combination | Goodwill Allocation Method | Allocated Goodwill Original Value |
|------------------|--------------------------------|--------------------------------------------------|--------------------------------|--------------------------|--------------------------|
| Shenzhen Xike Industrial Co., Ltd. | Fixed assets, intangible assets, right-of-use assets, long-term deferred expenses, lease liabilities, and fully allocated goodwill to this asset group. The management has fully considered the company's management and continuous use decision-making methods for the asset group, which independently generates cash flow, identifies the asset group related to goodwill based on the business connotation, and the scope of the asset group is consistent with the initial recognition of goodwill. |