WHKG(SH:600168) Zheng Quan Zhi Xing·2025-06-13 13:59Core Viewpoint - The company has announced a change in accounting estimates regarding the depreciation period of certain fixed assets, which is expected to positively impact its financial results for the year 2025 [1][2]. Summary by Sections Accounting Estimate Change - The company has decided to change the depreciation period for pipeline and trench assets from 30 years to 35 years to better reflect their actual usage and lifespan [2][3]. - This change will take effect from April 1, 2025, and has been approved by the board of directors without the need for a shareholders' meeting [1][2]. Reasons for Change - The adjustment is based on the company's recent operational practices and maintenance improvements, which have enhanced the performance and longevity of the pipeline and trench assets [2][3]. - The assets meet national and industry standards, with a design lifespan of 50 years, and the actual usage has shown that some assets have exceeded the current depreciation period [3]. Financial Impact - The estimated reduction in fixed asset depreciation expenses for 2025 is approximately 21.52 million yuan, leading to an increase in total profit by the same amount and an increase in net assets attributable to shareholders by approximately 18.29 million yuan [3][4]. - A hypothetical application of this accounting estimate over the past three years would have shown significant increases in profit and net assets for those years as well [4]. Opinions from Supervisory Bodies - The supervisory board and the accounting firm have both reviewed and approved the accounting estimate change, confirming that the decision-making process complies with relevant laws and regulations and does not harm the interests of the company or its shareholders [5].