Sinotec(SH:603121) Shang Hai Zheng Quan Bao·2025-08-25 19:52Core Viewpoint - The company has announced the provision for asset impairment for the first half of 2025, reflecting a cautious approach to accurately represent its financial status and asset values [3][4]. Group 1: Asset Impairment Provision Overview - The company conducted a comprehensive review and impairment testing of its assets as of June 30, 2025, in accordance with accounting standards and policies [3]. - The total provision for asset impairment amounted to a reduction in profit of 13,101,317.05 yuan for the first half of 2025 [5]. Group 2: Specific Provisions - Inventory impairment provision was recorded at 11,550,356.40 yuan, based on the lower of cost and net realizable value [4]. - The company also recognized a bad debt provision of 1,972,895.35 yuan for accounts receivable and 11,136.36 yuan for other receivables, while a reversal of 433,071.06 yuan was noted for notes receivable [4].