Shang Hai Zheng Quan Bao·2025-04-26 05:29Financial Performance - The company reported a total of 2,505.35 MW in new orders during the reporting period, representing an increase of 461.55% compared to the same period last year [4] - Cumulative orders on hand reached 18,101.65 MW, up 98.79% year-on-year, with 4,494.40 MW of these being awarded but not yet contracted [4] Asset Impairment - The company has decided to recognize an asset impairment provision totaling 12,237.38 million RMB for the first quarter of 2025, which will reduce the operating profit by 7,743.63 million RMB after considering reversals [13] - Specific provisions include 753.57 million RMB for inventory impairment due to a decline in product sales prices and fluctuations in raw material costs [9] - The company plans to add a provision of 292.27 million RMB for contract asset impairment, which will increase operating profit by 1,216.73 million RMB after considering reversals [11] Governance and Insurance - The company is proposing to purchase liability insurance for its directors, supervisors, and senior management for the period from July 1, 2025, to June 30, 2026, with a compensation limit of up to 200 million RMB [17] - The insurance premium is expected to be no more than 900,000 RMB, including VAT [17] Shareholder Meeting - The annual shareholder meeting is scheduled for May 23, 2025, with both on-site and online voting options available [23][24] - The meeting will discuss various matters, including the independent director's annual report [25]