Shang Hai Zheng Quan Bao·2025-08-22 22:17Core Viewpoint - The company reported its half-year results for 2025, highlighting significant changes in its real estate development activities and financial performance, including asset impairment provisions totaling RMB 113.83 million [16][18]. Group 1: Company Overview - The company is Beijing Beichen Industrial Co., Ltd., with a focus on real estate development [4]. - The company has a total land reserve of 3.6969 million square meters, with an equity land reserve of 3.4458 million square meters, and no new real estate reserves were added during the reporting period [4][8]. Group 2: Financial Performance - For the first half of 2025, the company achieved a sales area of 174,933 square meters, an increase of 15.34% year-on-year, and a sales amount of RMB 2.282 billion, up 4.03% year-on-year [4][8]. - The settlement area was 137,398 square meters, down 15.83% year-on-year, with a settlement amount of RMB 1.461 billion, a decrease of 29.71% year-on-year [4][8]. Group 3: Asset Impairment - The company has recognized an asset impairment provision of RMB 113.83 million for the first half of 2025, which includes RMB 6.093 million for receivables and RMB 107.735 million for inventory [16][18]. - The impairment provisions are based on a cautious approach to reflect the company's financial and operational status accurately [18]. Group 4: Board Decisions - The board of directors approved the half-year report and the asset impairment provision during a meeting held on August 22, 2025, with unanimous support [12][13].