Chongqing International Composite Materials Co., Ltd.
2026 Announcement
Securities Code: 301526
Securities Abbreviation: International Composite Materials
Announcement No.: 2026-018
Announcement on the Provision for Asset Impairment for the Year 2025
Chongqing International Composite Materials Co., Ltd. (hereinafter referred to as "the Company") held the 15th meeting of the third board of directors on April 22, 2026, where the proposal on the provision for asset impairment for the year 2025 was approved. The relevant matters are announced as follows:
I. Overview of the Provision for Impairment for the Year 2025
In accordance with the "Enterprise Accounting Standards," "Self-Regulatory Guidelines No. 2 for Listed Companies on the Shenzhen Stock Exchange - Standardized Operations of Growth Enterprise Market Listed Companies," and the Company's relevant accounting policies, to objectively and fairly reflect the Company's financial condition, asset value, and operating results, and adhering to the principle of prudence, the Company conducted a comprehensive review and impairment testing of various assets as of December 31, 2025. The possibility of impairment for each asset was thoroughly assessed and analyzed, and provisions for impairment were made for assets showing signs of impairment. The details of the provisions for asset impairment and credit impairment for the year 2025 are as follows:
| Category | Item | Current Period Amount (CNY) |
|---|---|---|
| Credit Impairment Loss | Provision for Impairment of Notes Receivable | 700,608.83 |
| Credit Impairment Loss | Provision for Impairment of Accounts Receivable | 33,330,334.80 |
| Credit Impairment Loss | Provision for Impairment of Other Receivables | 1,696,428.50 |
| Asset Impairment Loss | Provision for Decline in Inventory Value | 79,634,806.86 |
| Asset Impairment Loss | Provision for Impairment of Fixed Assets | 191,634,728.86 |
| Total | 306,996,907.85 |