ADD(SH:603089) Zheng Quan Zhi Xing·2025-08-25 16:31Overview - The company announced the provision for credit impairment and asset impairment for the first half of 2025, totaling RMB 38.75 million, reflecting a cautious approach to financial reporting [1][2]. Credit and Asset Impairment Provision Details - The company conducted impairment testing on assets as of June 30, 2025, resulting in an increase in impairment provisions of RMB 38.75 million and a decrease of RMB 29.61 million [1]. - Breakdown of the provisions includes: - Financing receivables impairment provision increased by RMB 8.73 million and decreased by RMB 9.29 million - Accounts receivable bad debt provision increased by RMB 5.02 million - Other receivables bad debt provision decreased by RMB 0.82 million [1][2]. Impact on Financial Performance - The total impact of the impairment provisions on the company's profit for the period is RMB 9.14 million, which has not been audited by the accounting firm [2]. - The provisions comply with the relevant accounting standards and reflect the company's financial status accurately, ensuring no harm to the interests of shareholders, especially minority shareholders [2][4]. Approval Process - The board of directors and the supervisory board approved the impairment provisions, confirming that the decision-making process adhered to legal regulations and the company's articles of association [3][4]. - The audit committee also supported the provisions, stating they align with accounting policies and reflect the company's financial condition objectively [4].