CCEGC(SH:600939) Zheng Quan Zhi Xing·2025-08-24 16:16Summary of Key Points Core Viewpoint - The company has reported a total asset impairment provision of 96.2531 million yuan for the first half of 2025, reflecting a comprehensive assessment of asset values in accordance with accounting standards [1][5]. Asset Impairment Provision Details - The total credit impairment loss amounted to 116.559 million yuan, with specific losses including: - Receivables impairment loss (including accounts receivable and long-term receivables) of 119.3644 million yuan [2][3] - Other receivables impairment loss of -3.6755 million yuan [2] - Loan loss of 0.9075 million yuan [2] - The total asset impairment loss was -20.3059 million yuan, primarily due to inventory write-downs and contract performance cost impairment losses of -20.0345 million yuan [2][4]. Basis for Impairment Provisions - The company utilized historical credit loss experience and current economic conditions to assess expected credit losses for various receivables and loans [3][4]. - Specific provisions included: - Receivables were assessed individually for significant amounts and collectively for others based on credit risk characteristics [3][4]. - Inventory was measured at the lower of cost and net realizable value, with provisions made accordingly [4]. Financial Impact - The impairment provisions resulted in a reduction of total profit by 96.2531 million yuan and a decrease in net profit attributable to shareholders by 81.4359 million yuan [5][6]. Review and Approval Process - The audit committee and board of directors reviewed and approved the impairment provision, confirming compliance with accounting standards and reflecting the company's actual asset situation [5][6].