XGMA(SH:600815) Shang Hai Zheng Quan Bao·2025-08-15 18:22Core Viewpoint - The announcement details the recovery of previously written-off historical debts by Xiamen XGMA Machinery Co., Ltd., specifically from WENNING Machinery Company Limited, which will positively impact the company's net profit for the fiscal year 2025 [1][3]. Summary by Sections Historical Debt and Write-off Background - Between 2012 and 2013, WENNING Company purchased mining equipment from XGMA Haibay Company but failed to pay a total of USD 210.56 million. In September 2013, XGMA Haibay Company fully provided for a credit impairment of USD 67.07 million after compensation from China Export & Credit Insurance Corporation [1][2]. Recent Debt Recovery - On August 15, 2025, XGMA Haibay Company received a payment of RMB 473.89 million from WENNING's actual controller. After deducting RMB 322.91 million allocated to China Export & Credit Insurance Corporation, the actual recovery of historical debts amounted to RMB 150.98 million [2][3]. Impact on Company Profit - The recovery of the written-off historical debt will allow the company to reverse the previously recognized credit impairment of RMB 150.98 million, which is expected to increase the net profit attributable to the parent company for the fiscal year 2025 by the same amount [3].