GONGJIN(SH:603118) Shang Hai Zheng Quan Bao·2025-08-30 03:55Group 1 - The company held its fifth board meeting on August 29, 2025, where the 2025 semi-annual report and its summary were approved, confirming compliance with relevant laws and regulations [3][5][11] - The board unanimously agreed to the proposal for asset impairment provision, amounting to 60,312,939.06 yuan, reflecting a cautious approach to potential asset losses [6][25][27] - The company will change its accounting estimate for expected credit losses on accounts receivable and notes receivable based on aging, effective from July 1, 2025, to provide a more accurate reflection of its financial status [9][33][38] Group 2 - The company provided a guarantee for its wholly-owned subsidiary, 共进国际 (Singapore) Co., Ltd., with a maximum debt amount of 30 million USD (approximately 21,554.70 million yuan) to support its business development [42][44] - The total amount of guarantees provided by the company and its subsidiaries is 49.41 billion yuan, which accounts for 99.52% of the company's audited net assets for 2024 [48][49] - The company plans to hold a semi-annual performance briefing on September 8, 2025, to communicate with investors and address their concerns [51][54][56]