Core Viewpoint - The company has announced the provision for asset impairment, reflecting a cautious approach to accurately represent its financial status as of June 30, 2025 [1][4]. Summary by Sections Asset Impairment Provision Overview - The company conducted impairment testing on its assets as of June 30, 2025, in accordance with accounting standards, resulting in a total recognized asset impairment loss of 3,915,691.49 yuan for accounts receivable and other receivables [1][2]. Specifics of Asset Impairment Provision - The company assessed inventory for impairment based on the lower of cost and net realizable value, leading to the recognition of inventory write-downs when the cost exceeded the net realizable value [1][2]. - For long-term assets, including equity investments and fixed assets, the company estimated recoverable amounts and recognized impairment losses when necessary [2]. - The total amount of impairment losses recognized in this instance was 2,765,058.80 yuan [2][3]. - The company calculated expected credit losses for accounts receivable based on historical data and future economic forecasts, resulting in a credit impairment loss of 1,150,632.69 yuan [3]. Impact of Asset Impairment Provision - The total provision for asset impairment will be recorded under asset impairment losses and credit impairment losses, impacting the company's financial results [3]. Board and Supervisory Committee Opinions - The board of directors affirmed that the asset impairment provision complies with accounting standards and accurately reflects the company's financial condition and operational results as of June 30, 2025 [4]. - The supervisory committee also agreed with the board's assessment, confirming that the decision-making process adhered to legal requirements and did not harm the interests of shareholders, particularly minority shareholders [4].