CHANGHONG(SH:600839) Shang Hai Zheng Quan Bao·2025-10-24 20:40Core Viewpoint - The company has reported its financial results for the first three quarters of 2025, including the provision for credit and asset impairment, reflecting a cautious approach to asset management and financial reporting [9][23]. Financial Data - The financial statements for the third quarter of 2025 have not been audited [3]. - The company has reported a credit impairment loss of 62.20 million yuan, a decrease of 113.75 million yuan compared to the same period last year, primarily due to changes in the aging structure of accounts receivable [24]. - The company has recognized inventory impairment losses of 454.88 million yuan during the reporting period [25]. Board Meeting and Resolutions - The company's board of directors held its 37th meeting of the 12th session on October 24, 2025, where it approved the provision for credit and asset impairment for the first three quarters of 2025 [9][23]. - The board unanimously agreed that the third quarter report complies with the relevant regulations and accurately reflects the company's financial status and operational results [11][12]. Investor Communication - The company plans to hold an earnings briefing on November 5, 2025, to discuss the third quarter results and address investor inquiries [16][18]. - Investors can submit questions for the briefing from October 29 to November 4, 2025 [19].