AECC AP(SH:600893) Shang Hai Zheng Quan Bao·2025-10-31 06:44Core Viewpoint - The company, China Aviation Power Co., Ltd., has disclosed its third-quarter financial report for 2025, highlighting significant asset impairment losses and plans for an investor briefing to discuss its financial performance and operational status [10][18]. Financial Performance - The company reported an asset impairment provision of 155.29 million yuan for the first three quarters of 2025, which exceeds 10% of the audited net profit for 2024 [18]. - The impairment includes 147.03 million yuan for bad debt provisions and 8.26 million yuan for inventory depreciation [20][22]. Investor Communication - An investor briefing is scheduled for November 17, 2025, from 11:00 to 12:00, to discuss the third-quarter results and address investor inquiries [10][12]. - Investors can submit questions in advance through the Shanghai Stock Exchange's roadshow center website or via email [13]. Corporate Governance - The company’s board of directors has approved several resolutions, including the third-quarter report and the asset impairment loss announcement, ensuring compliance with relevant regulations [31][34]. - The board also approved the appointment of new vice presidents to support business development [38]. Shareholder Information - The company has provided details on its major shareholders and their voting rights, ensuring transparency in ownership structure [6]. Guarantee and Financing - The company has provided a guarantee of 20 million yuan for its wholly-owned subsidiary, China Aviation Guizhou Engine Maintenance Co., Ltd., to support its operational financing needs [24][26]. - The total amount of guarantees provided by the company’s subsidiaries for the year is 81 million yuan, which is 0.20% of the latest audited net assets [28].