Sanfu Technology(SH:688359) Zheng Quan Zhi Xing·2025-08-25 16:20Summary of Key Points Core Viewpoint - The company has reported a total asset impairment provision of 9.8393 million RMB for the first half of 2025, reflecting a cautious approach to accurately represent its financial status and operational performance as of June 30, 2025 [1][2]. Group 1: Asset Impairment Provision Overview - The company has recognized an asset impairment loss of 7.4533 million RMB, which includes a loss of 7.4639 million RMB for inventory depreciation and a minor gain of 1.06 million RMB for contract assets [1]. - The total credit impairment loss amounts to 2.3860 million RMB, broken down into 0.5002 million RMB for notes receivable, 2.0410 million RMB for accounts receivable, and a gain of 0.1552 million RMB for other receivables [1]. Group 2: Specifics of Impairment Provision - The inventory impairment provision is calculated based on the lower of cost and net realizable value, with provisions made when costs exceed net realizable values [2]. - The expected credit loss for contract assets is determined using the company's financial asset impairment accounting policies, based on expected credit loss rates as of the balance sheet date [2]. Group 3: Impact of Impairment Provision - The impairment provisions are recorded under asset impairment losses and credit impairment losses, impacting the company's financial statements for the first half of 2025 [2]. - The reported figures are subject to final auditing by the accounting firm, with the final data to be confirmed in the annual audit [2].