Core Viewpoint - China Shipbuilding Defense (600685.SH) announced a total asset impairment provision of 221 million yuan for the first three quarters of 2025, impacting the company's profit significantly [1] Summary by Category Asset Impairment Provisions - The company made a total asset impairment provision of 221 million yuan for the first three quarters of 2025 [1] - Inventory impairment provision amounted to 36.19 million yuan, related to stock equipment such as generators and locking systems [1] - Fixed asset impairment provision totaled 154.41 million yuan, primarily due to the planned sale of a leasing business offshore platform, with a provision of 153.22 million yuan based on the difference between estimated selling price and book value [1] - Additional provisions for other idle assets accounted for 1.18 million yuan [1] - Credit impairment provision was 30.30 million yuan, calculated based on the aging analysis method for receivables [1] Impact on Financials - The total impairment provisions will reduce the company's profit by 221 million yuan for the first three quarters of 2025 [1]
中船防务:2025年计提资产减值22100万元