OKE(SH:688308) Zheng Quan Zhi Xing·2025-08-29 16:42Summary of Key Points Core 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 conditions [1][4]. Group 1: Asset Impairment Provision Overview - The company convened its board meeting on August 28, 2025, to approve the asset impairment provision for the first half of 2025, which does not require shareholder approval [1]. - The total amount of credit impairment losses recognized is CNY 7,579,991.46, while the total asset impairment losses amount to CNY 9,674,346.37, leading to a combined total of CNY 17,254,337.83 [2][3]. Group 2: Details of Credit Impairment Losses - The credit impairment losses are based on expected credit losses for notes receivable, accounts receivable, and other receivables, with an increase in the provision due to changes in the aging of receivables [2][3]. Group 3: Details of Asset Impairment Losses - The company calculated inventory impairment losses based on the lower of cost and net realizable value, resulting in a provision of CNY 9,674,346.37 for inventory and contract performance cost impairment losses [3]. Group 4: Impact of Impairment Provision - The total impact of the impairment provisions on the consolidated profit for the first half of 2025 is CNY 17,254,337.83, not accounting for income tax effects [3]. - The provisions are made in accordance with accounting prudence and reflect the company's financial condition as of June 30, 2025 [3].